Napoleon_Carnegie

Napoleon_Carnegie Updated 

BTC to tumble, but it's going to be okay. There are some very skilled and talented TA people out there...That being said, where is the money? Where's it going to come from? I think that's a very fair question. The laws of growth demand it. BTC cannot survive on day and swing traders only - recycling and swapping capital each and every day. Some make profit, some...

Napoleon_Carnegie

This is the same chart as published previously and I believe mid 6000s could still be in play. Just a slightly longer timeline than originally proposed. June 6th is over and we did not double bottom....yet. Will it play out? Let's find out! What are your thoughts? Not intended to be financial or psychological advice.

Napoleon_Carnegie Updated 

I am not a chart technician per se. As in my previous ideas, for the short term, I remain sold on the bearish trend towards $6600 or about. I am not interested in precision TA, but rather behavior patterns which reveal themselves over time (short or long). Just as you might quantify human behavior with data , much is revealed about that behavior and the patterns...

Napoleon_Carnegie Updated 

Here we go, the 4hr candle was green and now has turned red in it's final stages. Will it continue on it's red trajectory? I believe it will and BTC could be heading to $6600 just days away now from the 6th? More to come... Not Financial or psychological advice.

Napoleon_Carnegie

The day chart's up but the 4hr is down so we could be moving back towards the $6600 range - believe it or not. It's going to be okay because we still need this double bottom to build up enough faith (and more accumulation). June 5th and 6th we should see it happen. This has been the 2 month pattern... From there we'll see. Not financial or psychological advice....

Napoleon_Carnegie Updated 

Could we see a triple bottom soon? Why not? BTC has been at the mid 6000's level twice this year (Feb and April) and before that was mid November 2017. Since mid December 2017 the overall trend has been bearish and could this be an indication of trend reversal?. Are we about to test the mid 6000 support again after 2 months? It does appear we are heading toward...