If I learned one thing about BTC in 2018, it is that we should all stop guessing where it's going (up or down). I find most of the time, when we guess, it's almost impossible to push aside our emotions. What that means is that our guess reflects our wishes ... our dreams. "I've shorted from 3300, and now I believe it's going to 1000, and I'm going to get rich!"...
Hello everyone. Following the Elliott wave count, I am still expecting one more drop (sub-wave 5 of wave C, the capitulation wave). This could also be considered the spring test in Wickhoff Theory (I'm not an expert, but communicate with one that is).
It's clear, there are plenty that are expecting a new bottom, and it is also clear the market has gone (bullish)...
OK gang. It's been a while. I've been tracking BTC, and learning other tools like Gann.
Anyhow, I will try and not bore you.
Since $20k, I've plotted an ABC pattern. If I carefully count the waves. I see a wave A, B and we are still forming C. C wave is made up of a sub-level impulse wave (if you zoomed in, the entire C wave would be an impulse) ... and in this...
Hello guys, okay, I think the next chapter is before us, and so I'll start a new idea.
As predicted, we had a drop ... but what surprised me is the violence of that drop, WAY faster than I thought it would happen. We cut through major supports like nothing. I do count 5 waves, so I think the impulse is over with a low of 4200. I obviously can't guarantee...
Hello everyone. I thought I'd start a new idea ... as this could be the final drop ... I do hate saying "final", but things are setting up for a bottom retest. Let me explain.
For over 2 months we've been stuck below 6.8k ... aside from one crazy wick due to tether devaluation on 15 Oct, which I am ignoring. Although this in itself is not really a big deal,...
The chaos ensues ... the battle has become interesting.
Well, how did everyone like that insane wick up to 7800??
In my last idea, during my updates, target reversals were 6250, 6100, 5985, 5400 and 5000. I said I doubt we go below 5k. I also said if bulls held 6250, we could see up to 7200. This beat my expectations.
People are saying that USDT is dropping...
Hello guys, been a while ... so busy, and trying to make some money trading too.
It's been tough ... BTC has been in a tight range for a while.
This is what I see.
I believe these things:
- we have completed a 5 wave impulse from when BTC started trading to up to the 20k high.
- we have been forming an ABC correction since the beginning of this year.
- we are...
Most of us are here to make money. I am. Crypto no doubt is fascinating, in the sense of where will blockchain technology take us. Although we buy/sell and protect with stops ... ultimately we must decide if this is all one big fun experiment for someone and will eventually melt to $0, or whether there is a future.
I'm surprised by the resilience of BTC....
Back on June 23rd ... the bears allowed BTC to find relief at 6200 only for 1 day, and then tried taking it down. That caused them to lose the battle. Let me explain ... we are all dealing with people, who have emotions ... fear, fomo, greed, etc. After pushing BTC down to 6k, many people took profit on shorts and some even longed ... after 1 day of...
The picture becomes clearer each day. Well, some will look at my chart and say it's not that clear, not with all those lines! LOL.
Focus people ... don't worry about all the dashed support lines, just look at the bold red and bold blue.
Here's a quick explanation:
- we could go down from right here.
- I do see room for it to go up to around...
Tough to be bullish about BTC nowadays. Those sweet 30% rallies in a 24h period seem like nothing but a daydream at this stage.
BTC (and alts), what happened to you? Futures sure rained on your parade.
Here's my latest thinking folks.
My last idea I suspected a drop and some sideways around the key support of 6800 ... well we dropped, but went right through 6800...
OK, so maybe a few of you are asking where is BTC going now. It seems we had an amazing rally up to now and then it just stopped.
Perhaps you are thinking, we are just consolidating and soon, just like at 6800 and 7800, we will see that green candle that will take us to 8800. Maybe.
Perhaps you are thinking, we are going to double top and go...
I love finding patterns ... most traders do.
I think I found a gem here.
The top line is BTCUSD open long positions on Bitfinex. Consider it the volume of BTC that is being longed on Bitfinex.
The bottom waves are the relative USD price for some major alts (ETH, IOTA, NEO and EOS). I could add more, but you get the
point. Other than EOS which went gang busters...
I haven't posted an idea in a while. I've been working my trades hard ... averaging my base costs down to really good levels. My strategy has been to accumulate and work those base costs down to prepare for a bull run.
OK, here is what I see ... based on sub-wave count, and some possible interpretations ...
Blue wave in essence means the inverse...
BTG has been pummeled to (almost) death ... look at this folks.
We are BELOW the listed price on bitfinex ... yes, making record lows, all time record lows.
This coin is 19x off its all time high. That means 95% discount. Crazy.
I know there are people that think BTG is a copy cat coin ... unnecessary fork of BTC, diluting market share,
and causing confusion in...
ETC sure has an interesting chart, doesn't it.
Flat, up, down, up, down, up, down ... collapse, up, down ... flat....
There's no clear cycle waves here past the first peak.
So what can we expect from this coin.
Well first thing is it is in a fairly good support area ... although down to $10 is a possibility, if BTC has a meltdown.
I would think though, it...
A few months ago someone told me LTC could hit $55. I looked at them like they had just landed from another planet and where talking out of their hands.
Today, I sit here shaking my head at this coin.
I'll admit I used to be an AVID supporter of LTC. I was a holder ... but this coin has cost me dearly.
I denied any wrong doing in respect to Charlie selling...
I'm doing a whole bunch of TA, to decide on which alts to long on for the BTC return to bull (at least temporarily, which will come one day, maybe sooner than people think).
The reason I do the TA is because of THIS!
I have always liked aELF, but know these smaller coins get creamed when BTC drops.
So I decided to go in and have a look.
We are at...