CAREFUL GUYS! If this doesn't bounce here we're looking at a 33% drop!
WHALES ARE SHAKING OUT THE WEAK HANDS! YOU MUST BECOME ONE WITH THE WHALES YOUNG GRASSHOPPER! Hello, sorry for not updating recently, I've been under the weather. This IDEA falls in line with the last couple I've published and as you can see BTC can sometimes take all the time in the world. I DO still believe that there is more downside potential here! In my...
Personally , this is what I see happening... This is the kind of dip that starts a parabolic pump! It wouldn't surprise me to test the 40K area and maybe even a quick wick below... It just makes sense guys. THIS IS WHERE THE INSTITUTIONS ARE BUYING THE BAGS OF SCARED SELLERS WHO SELL THE DIP... Well that is just my thoughts based off of my experience watching...
Staring at charts all day every day I realize patterns repeating OVER and OVER and OVER again and so this is just what I picture the chart looking like at various points in the future. That's all it is, take it as you will. What do you guys think?
I spotted VERY SIMILAR patterns on the RSI as well as the candlestick chart! We are in a dangerous area for a bull trap! Notice the areas from 2019 are similar to now and how the RSI relates to each one of them! The pattern this time is on a slightly higher pitch than the previous and it APPEARS to have a little bit more momentum. IF I SEE A REJECTION at the 52K...
I Think the chart puts this IDEA together for you without explanation but, I noticed a similarity in the way area "A" lifts off at the start compared to how BTC lifted off the 30k level EXCEPT its like they're just on different wavelengths. Its just an interesting idea and nothing serious but thought I'd share. What do you guys think?
MANA inverse head and shoulders formation. It is above the EMA ribbon and slightly broke above resistance. Looking for a bounce here around the start of the next hourly candle maybe... we'll see.
Bitcoin looks like it has strength for one more leg up to I'd say the 42-43k area. Assuming it does that, this is a potential path to 50k if BTC can stay above the .618 fib level somewhere around 38K.
Ada is making a head and shoulders pattern on the 1 - 4 hour chart... If it completes the formation, the pull back would line it up to bounce off the 20 day EMA before heading to the 1.57 - 1.60 area... This is all dependent on BTC and the DXY which both appear in line with the idea... A long position from the 20 day EMA could be a good trade if you're late to...
IF BTC can pull together enough strength to pump higher we could see a pump-fake and swift rejection to retest 40k
Just an Idea form the weekly charts. I'm a noob so I'm not sure how accurate it is but for weeks now I've personally been expecting a drop to $43k - $44k and well, here we are! Maybe it's just luck or maybe everyone is just too distracted by Twitter... There has to be many losses for others to gain money. ELON and MARK CUBAN are just throwing out stories for all...