DropDead_Fed

DropDead_Fed

Netflix seems one of the most overvalued FANGs left with Facebook. While there could be a new wave up, I think we see $130 by Jan '20 and options contract pricing seem to point that way...

DropDead_Fed

I think my HnS pattern posted before is invalidated and now I see a bull flag potentially forming... holy moon shot- I still think target of at least 9500 before any sizeable pullback - perhaps even 11.7 is in the realm before any sort of 18-35% pullback.

DropDead_Fed

Triple top with higher lows formed... low risk, high reward. Target 30% correction over next three years... If we look back to last two major market tops of spring 2000 and fall of 2007, IWM peaked first (russell), followed by DJI and of course the overheated QQQ's (nasdaq) last... same as happening now. The easy play is to play the next lower high... if market...

DropDead_Fed

...Perhaps it's really a huge iHnS forming?

DropDead_Fed

Potential similarity to 2014 bear market rally yet again?

DropDead_Fed

This was the smaller potential HnS pattern from my original post yesterday (July 22, 2018) in easier to use than the comment I left yesterday... This is purely speculative and another pattern could form like inverse AnE (iAnE) instead if we get a pop up towards 7800 and possibly even towards 8200 soon....

DropDead_Fed

Next target for a short would be Head top of potential HnS pattern forming. I expect CO (wyckoff composite operator) to fool everyone as usual and squeeze both shorts and longs. BTC will not let people get in on any sort of major pullback. If we have a major pullback I will view that as a sign of weakness and we are setting new lows. Till then I expect the...

DropDead_Fed

this is my forecast (speculative of course), especially if we get hypercoinization of bitcoin and failing of much of existing fiat system globally.

DropDead_Fed

Calling BTC bottom as the bottom of what I show as the "Value channel" here. If BTC can hold onto this last low until December of 2018, then the bottom is in IMO. But I expect a bounce up to perhaps $7800 and a final capitulation below $5800 to set the bottom by fall (ideally). Anything could happen and no one knows except the CO.

DropDead_Fed

Inverted Head and Shoulders forming. Bitmex has the more accurate targets and leading the market IMO, wherease bitstamp the targets aren't as clear. There is currently and inverted AnE (adam and eve) pattern fomring whose target is the neckline of the iHnS. Additionally there is a bull div (in relation to RSI not shown) building. Fundamentally, this ~$6k...

DropDead_Fed

Historically all gaps have been filled after some time. Now we have two. One above and one below as shown. The futures close over the weekend so will be interesting to see if BTC retraces back to 5800 to close the gap.

DropDead_Fed

see previous post for summary...

DropDead_Fed

LULU seems like it's about to break it's near parabolic or soon to be hyperdermic ascent. The $130 CupnHandle (CnH) target was met recently. Risk reward looks promising. I could see one more upthrust at most by the composite operator. Targets shown.

DropDead_Fed

Lots of intuition and past 2014 breakdown tell me to short at 7050. Will see... Forecast today: going short at 7050... in 2014 it also was rejected at 20 MA on daily - I couldn't ask for a more perfect storm - and 23.6% fib to match up with 2014. If it breaks above then next red area of ascending pennant trendline. If breaks above that, great - we may be in...

DropDead_Fed

Bear case: I can see a small recovery rally reaching ideally 7050 level before next major move down below $5k if we play out in similar fashion to 2014 but on a faster timescale. Bull case, we need to really get above and close well above weekly 50 MA. So far I don't see any indication as the wyckoff spring that we could have formed was higher volume than...

DropDead_Fed

Let's see what happens this week. We can potentially expect another 2~4 weeks of bearish weekly candles from what TDSA is showing us.

DropDead_Fed

Perfect short entry coming up again... time to RELOAD! Also, there is a hidden bearish divergence on the 5 min time frame that will need to be resolved. I can see a push down to ~$6k-$6300 soon before we really need some consolidation to resolved the near record oversold 4 hour RSI... to reset it before any further price drop to $4500 ideal target before next...

DropDead_Fed

Read captions in the chart for my key thoughts. Our team think one of the following two scenarios are playing out: Despite solid fundamentals in bitcoin, the price is still recovering from last parabolic/hyperdermic ascent and breakdown. Two scenarios: Bear case: We could see a bear market continue through rest of year... ultimate low could be down at ~$1300...