Good morning, traders. Once again, it pays to watch the morning live stream. After the breakdown of the small descending triangle, I stated that the most likely scenario was to see price print an SFP around $3200, which is exactly what happened. Price is now consolidating toward the large red descending broadening wedge's resistance. If price pops up and through...
Naspers has been in a down sloping channel since it a throw over of the long-term trend channel and Buying Climax (BC) formed in November 2017. It has now reached the oversold line of the long-term channel and there has been some bullish action. We see a spring with increase in volume on the reaction also seen in gaps to the upside. The Volume RSI has shown...
Good morning, traders. As I discussed was most likely to happen, during yesterday morning's live stream, Bitcoin dropped down to the $3200/3300 level depending on which exchange you were monitoring. There wasn't any immediate pop back up though so price bears closer attention at this time. The 1D chart shows a nice descending wedge and the 30 minute shows an...
Good morning, traders. I was wrong about a pop back up after price breached the $4900/$5000 level and price has continued to move through lower areas of liquidity and support with only minor pauses. This is why I have yet to take a long position. Emotional trading and/or lack of patience are the most significant reasons why retail traders lose money. While waiting...
The support that held this market for a year has now broken. Is it game over and all hope lost for the bulls? Almost, but not yet. These markets are tricky, and they don't usually let something that looked like a little too obvious "bottom" at 5800-6100 area to actually be the bottom. Larger players know that there were lots of stop loss orders just below those...
bears have been selling for 9 months but they have been way too excited! it looks like we hit support here, but just wait! they haven't heard about a man called Richard D. Wyckoff. 1874 baby! target hit, now we go up to 20k when bakkt launches. don't miss your chance!
Price has to close in the trading range-5777 sometime this week or next in order to be considered a Wyckoffspring. If not, this might signal continuation of the trend. Also, the 100WMA hovers just around the new yearly low so, price might not get below it so easily. Considering a new cycle low has been formed confirmed by cycle time zones in horizontal blue lines,...
Good morning, traders. I hope you were able to join the live stream yesterday morning as we discussed exactly what happened, calmly and unemotionally (okay, so I may have laughed a bit) -- how it was playing out as I suggested it would months ago if we saw a terminal shakeout and what to expect next. So far, things continue to play out as expected. The next few...
Good morning, traders. It looks like we've got things fixed on my end so I should be back without interruption now. Since the last time I posted, price has continued to move as I outlined that it was likely to do, having reached the top of the blue TR and then retraced a bit within it to print an LPS. Price topped out at $6475 which was just above the flag target...
Good morning, traders. The Internet is, once again, anything but stable this morning so there won't be a live stream but I will record a video and upload it as soon as the connection is stable enough to do so. Tech comes tomorrow so by Monday we should be good to go. During yesterday morning's live stream, we witnessed price doing what I suggested it would. The...
The Weekly chart is great at filtering out noise. I refer back to it for a clearer picture of what's going on without having to see ugly wicks from bart patterns and the like. It's obvious that we are in a down trend. It's important to note that we broke the February lows, but did not close below as the market rallied to close above 6k. The first thing that...
My last chart was a complete disaster. Even though I pinpointed where the last dip should stop, the bounce was disappointing. Now, this looks like a classic Wyckoff Accumulation, the only difference I see is the "Creek" not going all the way to the resistance levels. If it does happen, we should expect a spring any time soon, with an increase in volume and an...
My last chart was a complete disaster. Even though I pinpointed where the last dip should stop, the bounce was disappointing. Now, this looks like a classic Wyckoff Acc. Schematic, the only difference I see is the "Creek" not going all the way to the resistance levels. If it does happen, we should expect a spring any time soon, with an increase in volume and an...
A good scenario for continuation with conservative take profit. Follow me if you would like more signals!
Greetings once again BTFD members, lurkers and first timers! Weclome to the greatest show on Earth right now!!!! Its been a really fun and exciting path towards finding the TRUE value of Bitcoin since the rather over-inflated peaks of December and January So what is the true value of bitcoin? its different for every person to be frank and thats why its having...
POWR is showing a textbook falling wedge patter. We can see the upper and lower limit produce lower highs and lows; while the MACD is showing stronger accumulation since 1/17/18. This combination of rising MACD and a condensing falling wedge has me feeling short term skeptical maybe even a little bearish as I look for it to fall it the 3000 area. But with there...
Ladies and Gentlemen, spring us almost upon us once again. With it, nature comes booms back to life, we are witnesses to the trees and flowers beginning to blossom, we're being teased with warmer weather, and our dear friend Bitcoin is starting to kick back into gear. When analyzing the future of BTC you can find 20 different "experts" who will give you 40...