SPY backtested and rejected the channel breakdown.
I will be playing put options and targeting 230.
Posted this in Wave Analysis because this would make a perfect
3 wave correction but with a subdivided 5 wave.
Last SPY put opportunity played nicely.
As I have pointed out before, BTC likes to bounce at the .886-1.13 and the .618 retracement.
Every retraced run has resulted in 100% accuracy of the predicted move within roughly 100pts
of the retracement mark. The retracement for 2 runs ago gave a nice bottom pattern within 100pts,
and now this leg up has come within 100pts of the .618.
The strategy is to...
We touched heavy fib resistance 3 days ago and have received 2 red days since.
Retracements plus projections.
I am projecting that this is a heavy resistance level.
If we can rally through this zone I expect to see prints near the 1.618 retracement level
of the first major pullback.
At these levels I am remaining delta #neutral.
Only posting this because somebody asked.
I don't trade crypto anymore.
May still chart it because it's fun.
My potential reversal zone is between the .886 and 1.13
retracement of its last run.
This has proven to be an effective pattern for BTC.
Put it in prices so you can have an official PT.
No need for harmonic patterns just a fib retracement. Look how BTC likes to bottom out in the .886-1.13 range and then top out at the .618 of that run. Its pretty simple, this pattern aligns itself with the futures model expecting a leg up but still shorter than the last leg. BTW i type in my fibs to the exact coords so that I know they are precise. This target of...
BTC has proved itself to be very harmonic. Presenting multiple harmonic trading opportunities. It has also proven to follow the precious metals futures model I have outlined in previous posts. This model has been very accurate and predicts a leg up here followed by painfully slow death spiral. It has been a very fun ride and I have made some money but it is time...
More detailed chart. I enter the fib values manually to ensure theyre precise. BTC likes to bounce in this .886 - 1.13 zone. 1.27 lining up with trendline is likely target if 1.13 fails to hold. Secondary fibs lining up with 1.27 and 1.41. Notice the price action how the candle wick slap the fib on the first day of contact almost every time. This is where i have...
Although BTC seems to be shying away from my 4100 target I did call the recent downside to 6k (within $90).
*Check last post for proof.
BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on.
If this daily candle can close above the purple trendline this is huge because I cannot see any higher
So time to explain. This is all started when I read the article about the Third Dimensional Crypto Cartel
manipulating price through futures. After some thought I decided the chart it out.
Although I am not convinced of the futures market oppression, the similarities to BTC from all time high are astounding.
1st chart is current BTC 2nd and 3rd and Gold...