bitcoin appears to be correcting in what looks like a zig zag correction (bitcoin favors this type of correction a lot) Indicators formed a bullish divergence on most timeframes Last 5th wave termination at the bottom of the falling wedge Bitmex futures funding back to neutral Growth can happen anytime soon with goals up to 9k-9250 we will pump off the lows...
Bulls are looking strong retraced to the .618 fibo for wave (i) already long here with your bankroll lambos, cocaine and hookers are waiting at the top of moonland lets goooo
Bitcoin solves everything Long the ponzi and let the evil banksters capitulate Technical Details Nice pennant consolidation typical for wave (iv) retracement Long stop below (c) point
Correction may be finished in what appears to be a running flat for wave (ii) of (v) If this hypothesis is correct we can expect uptrend continuation in 2-3 days Agressive stop in black Conservative stop in torquoise color happy trading
before dusts off those 100k charts I will go back to this 3.2k Fractal to keep everyone grounded and have a realistic view of the market As you all know Bitcoin is known to get rid off bulls & bears in a single move. Bitcoin can range from 8600-10k until the end of the year before breaking 10k by 2020 this breakout will excite most bulls and tempt them to long...
this is taking far too long for an impulse therefore im thinking we continue to correct from here for wave (ii)
Invalidation sub 8830
what if the HTF are decidedly bearish. What if this pump post death cross is an obvious attempt to fill shorts high up as possible without breaking the bearish pattern.? Last year after 1D death cross all we did was test the breakdown in September, much like the bull rallies in 2018. Will we distribute here and dump again??
I bought 93xx with a stop below the propsed triangle because there is a risk for further mark up with wave (v) beginning at current price point target 11k -11.4k
The biggest whale in houbi Lin named Asuka has unironically fortold all the market movements I Bullieve that It's already programmed All you gotta do is press the green button PAMP IT TO VALHALLA!!
Crypto likes double bottoms may be forming a possible leading diagonal here
DAILY DEATH CROSS COMING UP FAST. PLACE SHORTS WHERE YOU CAN. THIS WILL GO DOWN TO 7200 ATLEAST
The Bitcoin chart looks horrible. Not only does the flag that followed the recent breakdown project a move to $6K, but we are close to completing the right shoulder of a head and shoulders top, with a $14K head, and neck line just below $8K, that projects a collapse to below $2K
Haelo moonboiz did you all miss me ? I don't think many people in crypto expect $BTC prices below 8k ever again. Literally everyone is still calling for all time highs from here Market structure remains bearish and without any signs of reversals No ending diagonal No reversal patterns Funding on futures remains (+)/Favouring bears Still a lot of optimism 50k...
Bitcoin's favorite Dumpster Pattern is a descending triangle. (See Weekly Big Descending Triangle) We will likely dip down to weekly lows(3k) by EOY. Followed by one final bultrap next year. Then this global ponzi scheme will collapse 3 digits is inevitable
We are far from the end of this down trend. Sentiment may say otherwise but we are heading straight down for much longer. Do not think even for a second that the rest of this year will be okay. It won't be Friendly reminder not to enter at this market because everyone is still knife catching at this point The mega DUMP to sub 6k is still underway . Buy levels...
Howdy ladies and gents The #US economy looks like its going to puke hard From a fundamental standpoint the debt ceiling has been maxed out and Quantitative easing has reached maximum capacity sinking interest rates to zero similar to the 1930's great depression most households are more confident in the economy more than ever everyone and their mother are...