About meThe market, in all its capriciousness, its mercurial dance, reveals recurring patterns concomitant of collective human fear and greed. The only objective reality, Price, is continuously determined by the fair scale of Eigenmorality.
Longed OMG just below 10USD.
Five could extend to 2.618 because cryptos seem to like that.
Profit targets: laddering out towards my projected wave 3 target, laddering back in on the handle; even if that ends up at a higher price when wave 3 unexpectetly extends.
Sooner or later it is going to happen, and when it does you are going to want to be ready.
Usain Cash, I mean Bitcoin Cash, is going to explode and chasing him is not an option.
When Usain explodes, he doesn't just aim for the moon, he aims for outer space and beyoned.
My knife catching on ETH/BTC was a success, but this party is just getting started.
This chart is what I've been using for ETH/BTC lately.
I'm publishing it now as I have confirmation that 0.040 held just fine.
The count violates some fundamental EW laws. However, I refuse to believe that they are flawless especially when it comes to small waves on a pair like...
When applying Wyckoff's methods of reaccumulation to Ethereum, I stumble upon the same entry levels as I do with EW analysis.
- ETH moves around profoundly more in the upper- than it does in the lower parts of the channel.
The reason for this is said to be that with reaccumulation many strong operator hands fight to buy up dips quickly.
- An upward movement...
The fact that it sounds crazy to short sell a bitcoin at 8000$ after it rose more than 50% in value over a matter of days; tells it all.
I am currently shorting bitcoin at 8000 as it established a support level for the first time days.
The latter shows me that Bitcoin's MM is not willing to push beyond 8000 USD, and will likely chop around these levels for the...
Shorting this zone for the following reasons,
- Depending on the exchange/wicks, ETH still didn't break out with 100% certainty.
- Literary ALL charts are long.
- ETH stopping at 330 to give everyone a free ticket aboard seems highly unlikely, worst MM decision ever.
Place stops or monitor, good luck.
All alts coins seem to be following the same patterns here, responding to Bitcoin's behaviour and as expected only become bullish as soon as BTC shows ready for healthy corrective waves; up out there in the parabolic air, alts lose both when btc goes up as well as down.
When ETH breaks up well above the 322 level with decent volume, I am bullish as it will...
This one has worked out so far.
I have covered my short at A already. However, E may provide an even better short opportunity.
I would not advise to try and catch D as the entry level and confirmation of this pattern are no given.
E on the other hand, would be perfect risk/reward with stops above the expanding wedge and then some.
It could be a huge bearish triangle depending on the time-frame and exchange. ETH/BTC is a trading pair determined by two volatile currencies and relatively low volume; take everything with a grain of salt.