Why We are Going Down.. 1. WE are inside of a descending wedge and we have reached the top of that wedge (blue) 2. We have made a beautiful .618 retrace from previous high and haave now made yet another lower high confirming bear market (red) 3. We have completed a 5 wave impulse upwards (white) 4. As discussed in A previous post, there is no volume...
This weekly Pivot reversal Strat has had a success rate of 80 perrcent when making calls on the weekly chart. As you may have noticed when we got the first "Sell" signal of the bear market we actually got a relief rally shortly thereafter however it did not last. Just like in 2014 I do not think or any other rally is genuine. WE are (here) in the midst of a...
Print moar tether please we need pump. *******This messaged has been brought to you in part by "Bitfinex" your caring neighborhood fraud team.
This is just a quick little piece looking at the strange way in which bitcoin moves. In yellow I have the sideways movements and in purple the lambo candles, it has become painfully obvious that a few people are controlling this market as retail participation is totally dead, google searches for bitcoin have been trending down and wallet creation is at an all...
A very simple chart showing what happened the last and only time bitcoin 0.96% had a 30/50 week death cross. The last time it happend was in 2014 and a subsequent 71 percent declined occured after the cross. A similiar death cross now looks inevitable for bitcoin 0.96% and if it were to occur at current prices would lead us to between 1800-2k USD. This is just a...
lol JK Senor Ponzo AKA El Ponzo AKA El senor AKA Bitconnnneccct AKA beetcoin is having a bad year. Please click below link for a more indepth look at the situation... www.youtube.com :) P.S. Don't be mad just having a little fun to break up the boredom
Looking at the volume profile indictor we can clearly see the largest support area bitcoin has is between $400 and $500. Now I am not calling for this region to be tested 100% but I think it is interesting to remember that traditionally this is the price bitcoin has been traded at. According to volume profile there is essentially zero support way up here...
Bitcoin has been rejected 3 days in a row at the .786 fib, couple this with declining uptrend volume and hidden bear divergence on the daily time frame and I say we have a recipe for a short... Target- 5200 Stop Loss- 6676 Entry- now R/R- 12ish to 1. Good luck and God bless
Just a clean and clear picture of the bearish triangle we have on our hands. I know I have showed this before specifically recently but I wanted to throw out a fresh and clear picture of what is happening. Hope all of you are well and if you have any comments please feel free to share them.
Hello guys, Today I wanted to bring you all my take on the impact and realtionship fibonacci has had on Bitcoin. There have been numerous interactions between the price action of bitcoin and various fibonacci levels, in this chart I took a closer look at those price interactions in an attempt to determine exactly where we are and where we might be going. After...
We are printing another bear flag, within a bear market on rising volume all of these things combined make me want to short. SL 6950 Target 5680 Entry? Now, I think the price just dropped 50 points when i was writing this lol Good Luck and God bless Red Boar
Hello folks, Today I present you with a trade that carries some degree of risk due to the volatile nature of our current price action, I have been stopped out of many short scalps recently due to the these large spikes we have been getting and it has made scalping very difficult imho. So, I have decided to take a step back and stop scalping and look for a...
Let's be hoenst, this is exciting and we are all glued to Trading view trying to will bitcoin to do what we want it to do, it kind of feels like the super bowl and christmas morning all rolled into one! No matter if you are a bull or a bear most of us traders are in this asset class for the volatility and we are finally starting to see some action pick up in this...
This is just a rough drawing, if i find time after the crypto finishes popping I may do a more detailed look at the DJIA (or i may do it tonight lol) but I just wanted to put something on paper down to start with....Enjoy!
I dont like it when Ideas get too cluttered so today I decided to create a new one focused on our current pirce as viewd through the daily time frame. There are three reasons I believe we are getting ready to breakdown 1. I believe we have essentially just printed a large bear flag on the daily time frame, 1 more move up within the flag is possible but it...
Here it is short and sweet, I am shorting at 7700 with a SL at 7831 my ultimate target is 6200 but I will probably begin to take profit at 7k and 6800 respectively. The reasons for this short are as follows, 1. We are in a prolonged bear market 2. BTC has printed a bear flag 3. BTC has printed an ascending wedge 4. We have RSI hidden bear divergence on the...
Just looking at alternative scenarios...the back test of previous support confirming as resistance makes me wonder if this is a trend line we should all be paying more attention to. I guess we could still bounce off of 6.5 again for a quadruple bottom but i just don't see it holding...even if 6.5 held again there is SO much resistance above us and so little...
I think the most likely scenario for BTC is an inevitable break down from the triangle we are currently stuck in (yellow) after this I believe the next stop will be 8.2, 8.0, 7.7 and eventually the big test in the 7.5-7.6. At which point we intersect with teh major ascending trend line really depends on how quickly we drop and how much support BTC recieves on teh...