I posted about this on Twitter and received incredible backlash. So, I figured I needed to post it here on TradingView as well. Whenever something is this obvious, and it receives incredible backlash, it tells me sentiment is still chasing the 62 day bull market this coin had earlier this year, even after over 100 days of bear market.
It reminds me identically to...
Bitcoin currently sits around $8,500. But the question is, is it going down more? Or, is this the bottom?
Well, we topped at $13,800, and hit $8,000 yesterday... that's a more than 40% correction. So, is it over?
This is quite an easy chart to compare. When we look at the Fibonacci retraces of the Bitcoin market, we can see it has followed identically to the...
In 2018 we had a drastic initial fall of oil from $77 per barrel to $42. We completed the .702 retrace back to $66.50 earlier this year and are now building a descending triangle for the next leg down. The initial target of the triangle is to $34.50. However, our final target is likely much lower... below $10.
Here is my previous warning on oil that I published...
It is time to continue higher for BTC. Our next resistance will be just below All Time High, where we will have to work through a few times before clearing. If you want to see deep analysis as to why this is my way of thinking, here is my previous post:
I am going to keep this post short, because there really isn't much to explain. Review the above analysis to...
In all bubble pops, after the initial pop, we have a large retrace where the media shills retail investors that everything is normal. "It was just a dip. New highs are incoming."
The "Return To Normal" phase, with expectations of epic gains in short periods of time. However, this is not the case.
Feel free to press play on this idea, posted January...
It brings me no pleasure in publishing this chart. But, the obvious is written all over it. The final pump is about to happen and it should take less than one year for the top to get put in.
I have no clue what this means for the world. Or what events are about to unfold to bring a narrative to it all. But, the chart shows the future. 35,000 DJIA, followed by a...
Hey guys! First of all, I want to start this by saying the bear market is over. Congrats to all who survived! In this post I am going to go into detail on the Elliott Wave count of Bitcoin, where we are, and where we are going.
If you are unfamiliar with Elliott Waves. Well, they call it the Elliott Wave Theory. Hence, a THEORY. It has specific rules, and many...
While we may all get caught up in the small waves along the way, it's important to remember the bigger picture.
In thE post below I go into further detail about the waves, but I wanted to have this chart to be able to "press play" in the future and see how I have done.
PERFECT Bitcoin Elliott Wave's! Wave 1 COMPLETE! Detailed Count!
This is one of those charts that might trigger an "OH CRAP!!!!" feeling for those who sold into the Bitcoin capitulation back in November-February. If you're still hoping for $3,000 Bitcoin. You might NEVER get it.
I wanted to provide this alternative scenario I've been contemplating for the last 24-hours. It does not feel like we have yet to bring in the doubters that Bitcoin has bottomed. There are still many charts that receive hundreds of likes calling for $1,200 or for some spontaneous crash. Which means many people have been left behind, selling into the capitulation....
Look at that overlay. Perfect. The bubble is completely popped.
Look for the crash down to just below $1000, then a bounce back up to around $1700, then get ready for the big short all the way down to sub $300.
Most will never see Amazon reach all time high again in their lifetime... If it even does... which is very unlikely.
If you missed "The Big Short" on...
Good Morning / Afternoon / Evening,
As you can see from the percentage drops Bitcoin has faced in 2018 compared to 2014, it has mirrored it identically. Even the fractals are the same. However, there are many who believe the fractals are not the same, and that we still have another plunge to make to new lows.
But, that is not the case. And you can tell this from...
As usual, once we reach an interesting buy price, CNBC and major banks come in with coordinated news to try to scare you out of your position on the support.
This is not the sell level. $200 is a buy, hold it to $300-340, then GTFO.
Price is most interesting in the $100-120 level. That's where the long term buy and hold is.
I want to say that I fully believe we have started the bull market. And, that we might have a scary move coming up with our final shakeout of weak hands. It would be a fall straight down to $3800-3850. In my opinion, this is the final chance to buy Bitcoin at these prices.
That is... if it happens. If we somehow get through $6100 with force on...
If you haven't been following me, then you have probably been left in the dust, and are screaming for Bitcoin to come back lower. But, we've been tracking this the whole time.
Hit play till the end on these charts:
Now, many are screaming "WE HAVEN"T CAPITULATED!!! THE BOTTOM ISN'T IN YET!!!"
Well, that's because you likely got left behind. Either you...