"We just need to cool off for the next rally".
I think this will be complacency (again -.-).
The July-August period is always boring (60% of the time everytime).
Bitcoin might have been different in the past I don't even know, when it was 90% made up of basement dwellers and 13 yo.
But now it will be like the rest. I was suggested to look at stocks, I like the...
Here are the key levels to watch for Bitcoin / USD on the daily timeframe.
The price of bitcoin is still over the kumo cloud.
The Lagging Span is actually encountering a green candle.
Downtrend scenario :
If the Lagging Span crosses the price and gets under it then that would be a first confirmation of a down trend.
In that case it would have to cross the blue...
How the live-in-a-bubble-thinks-the-world-revolves-around-their-investment herd psychology works in this market imo.
Need to buy BTC to trade it on Bitmex anyway. Now is as good a time as any.
Down 24% which is what we got in early December 2017 before going back up and top, and Feb 2018 (21%) before making a double top.
2016 and early 2017 were different,...
I wanted to keep this for a little later, but earlier today US congressman Brad Sherman has announced he was looking for colleagues to join him in introducing a bill to outlaw cryptocurrency purchases by Americans. Which forces me to post this as early as now.
First it was China (where the trading of Bitcoin and other cryptocurrencies remains stricly...
Bear Count for |Bitcoin charted on Bitmex on 1d chart.
I predicted the bottom spot on in a previous analyse of 29-08 (link below), But now we are here i think we are not done yet, Relax Bulls... Bull count coming up;)
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Rince and repeat...
Not going to waste too much time explaining this those that don't understand the chart don't understand my explanations either anyway (and don't read I assume).
They were euphoric. Telling every one how right they were ("I am a genius"), the natural next step is complacency which we are clealry experiencing in my eyes "we just need to cool...
Oh, we love this game. Or do we? Bitcoin we love you, Bitcoin we hate you. One day we are positive, and everything looks like we are on the 5th Wave and are heading towards a New All Time High, and everyone is happy and optimistic. The next day we are dropping hard, which I also predicted we would do here, and we are talking about going down to 7.3k-5k...
Good morning, traders. I've noticed a lot of "the sky is falling" coming out of CT after this weekend, and calls for $7500 and lower. In reality, the only thing that's really happened, though, is that price followed last week's triangle outline. Until it breaks down, this is the pattern that traders should be paying attention to at this time. It is possible that...
Unfortunately my chart got banned yesterday where I made 100 % ROE for all my followers. I hope you were one of the winners - congrats to you :) But because I said how much we have won in my paid group it got banned, so I had to accept that.
PATIENCE IS KEY
The Bulls have been fighting hard recently, but not many hours ago we suddenly dropped hard. Also ETH...
There is a 70 % Chance that we will see a Parabolic Bull Run like we saw it 2017 within a month - Not even that: This time it will most likely be even more crazy. Its a fact, that already now, we have been going steeper and faster than before.
1. Price Volume Trend Convergence
2. Bullish Volume Record
3. Global Bullish Market Sentiment (has decreased...
We are currently up 22% this week on bitcoin. Last week we were up 26%!
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