How big will the squeeze be before the collapse? Resistances clearly labelled on the chart. I will short big if it gets into the Shortbox.
P.S. Do not expect BTC to repeat the same price patterns as 2011-2014. The protocol has changed. The value proposition has changed. The big players in the space have changed.
Fundamentals matter. BTC has fundamentally...
Initially thought there was a bullish fractal in play, but I kept looking and it seems like wishful thinking. Considering global recession is looming, the bullish scenario playing out seems highly unlikely.
We are at resistance now, so it's a good time to sell. Maybe we will revisit the 3.6 and that's a slam dunk sell.
Huge momentum to the downside now on news of lower profit forecast.
How low will this eventually go? Bear flag says 0. The double bottom of 1.65 seems likely.
This company owns so much of NZ construction... What on earth happened during the last 9 golden years in NZ?
My view on why it took so long to dump. Market manipulation by Bitfinex, halting the collapse of BTC because of massive short positions on their exchange. Once the bears were tired of waiting and the market went long again the collapse began. Agree or disagree?
SO over the last 49 days, about 1 million Ether has been mined.
~$200 million dollars worth. Did the world really get 200 million dollars of new value from it? Will we ever?
Probably not. All I can see is additional selling pressure.
THIS is what happened when someone dumped a measly 120k Ether in one hit.
I spotted this on the 1 minute candles today. Came back later to see an entire market cycle fractal had been produced. This is crazy to me so I decided to immortalize the event in video form, complete with labels and potential levels that may prove useful in the distant future.
Enjoy the ride.
Nice Inverted Head and shoulders developing, following bullish divergence on the 4H.
Alts are pumping so I feel very safe being long. Obvious profit targets on the fib levels.
Hopefully this gives me a 2nd chance to short as I closed my previous short much too early. If it hits the 8k zone, the chart will rhyme with the 2014 double...
SO Dash is the only alt coin I look at these days. Instantly confirmed transactions and the plan to use on-chain scaling with evolution are actually good upgrades from BTC. The Dash Core Group has sighted reasonable use cases for dash and plan to grow the network realistically. I don't think crypto will go to the moon, but will carve out it's own niche in the...
Big Hidden Bearish divergence on 1D.
Top of a downtrend channel.
Oversold daily RSI.
Regular bearish divergence on the 4H
NVT signal is highest since December (see : charts.woobull.com )
Subjectively dancing around 0.382 fib
Give the manipulators a medal if they manage to break 9k. Heroic effort and they can take my stoploss if...
Looks like a bubble just burst.... or the milk just curdled? Interactions at each fib level marked so we could see some bounces on the way down. Looks like every other cryptocurrency I watched over the last 6 months; personally anticipating a head and shoulders to emerge. New to stocks though so let's see.
So my predicted Inverse head and shoulders didn't quite reach it's target. But I did manage to scalp some profit... Wasn't feeling exceptionally confident about the rally from a gut feeling and reading others' TA.
Nevertheless, now we have a perfect setup. A bigger Head and Shoulders pattern has emerged and it will be perfectly timed with the dump of...
Targets of the initial head and shoulders patterns were met, albeit after the market played mindgames on the traders, with giant drops out of the ascending wedges.
Now I see two competing Head and Shoulders patterns. Which one will break the neckline first?
I'm personally using the lines of invalidation as entry and exit points. I think it is safe as it will...
Yesterday the IHS turned into an ascending wedge then backfired. What will happen today? The book says take a position if we break the neckline, with tight stops below the neckline.
Trade at your own discretion. GOOD LUCK BULLS!