As charted, launch day pump + dump Is EOS going to make another ATH this year? --- Probably not. Is EOS going to make you a xxxlionnaire? --- Probably not, but it has made numerous xxxlionnaires thanks to your enthusiasm. It's a software. No value except speculative ones if you don't use it (& if it doesn't work for you). The team develops it so that as...
As charted This will be a bullish swing failure & new low will be made. This relief "rally" was predictable & predicted 1-min pump == dump soon
I've been bearish on bitcoin for some time. Two days ago, I posted a continuation scenario. Today, I see that the bulls appear quite persistent. This leads me to think that perhaps 6.8k -- 7k zone may hold. As charted is the bullish scenario, with the down trend ending somewhere around 6k. --- However, I do think this is indeed a bearish long-term scenario,...
My chart from 2 weeks ago has been okishly correct till now: Now, we're at the critical 0.382 support of the pump from April. It's not surprising that ETH & the altcoins that follow it are showing some resistance from falling. IMHO, the more likely scenario still plays to the down side. However, we mustn't ignore the scenarios where ETH stabilizes in this area...
BCH seems to be quite strong today, or is it? After confirming the H&S neckline, BCH retested it & failed. This is the single most reliable setup in TA. Now, we see a retracement, which can help us guess where the next target could be (as charted). Retracement target is between 1080 & 1160. Alternatively, we do see a potential bearish swing failure. I...
EOS has been insanely volatile. Seeing that its launch date is getting closer, we may indeed get a huge pump coming to the end of this month. In this case, a gigantic dump will likely ensue. In another scenario, EOS may keep retracing to more realistic levels ($5-8) gradually, but with pumps and dumps in between. It's impossible to tell & very risky to trade it...
It appears that what I thought was Wave 2 was only the Wave A of Wave 2. We had an almost flat correction (23.6%). Due to this, the later targets are moved slightly. Will 7.8k be a support? Why will it be a support? Because the last pump just happened to stop there? I think the market is oversold but the Long's SLs will cause a crash from 7.8 soon. For the...
Finally, BTC closed below 50D MA, but no strong volume on breakdown start to reach oversold zone bears losing momentum To reset the oversold condition, it's very likely to see a green weekend but perhaps without much movement. By Monday, people will start to fomo anew, all posts on TV will be bullish, thinking we've found support, rounding...
As ETH becomes mature, its speculative value against BTC is diminishing. We clearly see that in the last few movements the volatility of ETHBTC is decreasing. Now, ETH may drop against BTC. Around 0.068 will be the eventual equilibrium price. Maybe if ETH can implement their update that people have been hyping for a long time, there'll be a p&d.
As charted, double top Don't think .618 retracement will be reached at either stops
As charted Fork dump to commence soon, probably absorbs much of the drop When everyone is expecting new lows & 2.618 extension, another pump may come. Below 1k volatility may increase
As title says BCHBTC always range between 0.1 & 0.2, though usually closer to 0.1 than 0.2. Now in reversal zone, if bitcoin goes down BCHBTC will go down; if bitcoin goes up BCHBTC will go down.
Broke .618 of the last bearish structure, must be bull market now. If this were a double combo correction (WXY), then we've had: 0W to 6k WX to 11.7k Inside 0W, we had an ABC correction, where the A was another ABC and the C was an impulsive 12345. Inside WX, we had a truncated 5th wave in an impulsive 12345. --> we're currently notably less bullish than...
As charted Please don't tell me the B wave can't have 5 impulsive sub-waves. I'm not a firm believer of EW.