So lets keeps things rolling as we continue to build a case on why we have bottomed at the 17k range
I have added on the weekly bitcoin chart 3 very simple moving averages that have played and shown in the past quite a lot of history, namely the weekly 50 MA / 200 MA / 300 MA.
If we look where in the past we have bottomed out whenever we broke the 50MA...
Quite a lot to talk about the recent events! and for those out there that are bearish, I am pretty bullish at this point and time, what we are seeing is clearly full capitulation on the market, which is painful but required as well to shake out the massive amount of longs we had on the market that kept on creeping up whilst we went down from 69k or our...
so my previous charts are still pretty much valid but instead of a running flat or regular flat what I expected, we are doing an expanded flat
mainly because of the sh*tshow we saw with Terra Luna and their flawed pegging system
which creates this super bearish sentiment on the market, which in my case makes things super bullish for me
updated my chart a bit with the Justin Mamis Sentiment Cycle, you can google it and see the graphic how it looks like or check on my facebook page
but this looks like a repetition of the same cycle we did previously and I expect another big run in the coming few weeks
overlaying the Wyckoff theory on to this one, I still feel the same as I have been the...
just updating my chart a little bit, everything is still valid
- just added the Adam and Eve pattern in red, so you can also see with that pattern we could get the same technical target of 59k range
all depends on what will happen really next month, because the running flat scenario where we possibly can hit 74k is still in play as well
we will know more...
Looking at this via Wyckoff theory, we have seen distribution - accumulation - distribution, and what I think is going on right now is another cycle of accumulation.
Looks like things are forming a bottoming formation here as well, a nice Adam and Eve pattern is being formed.
I think we form our rounded bottom or our Eve right here and go range and...
Don't forget to keep your eyes on the prize.. yes short term we are correcting and setting that HL (higher low), but we went from 30k to 52k and then 40k to 69k... what did you expect? 🙂
But look at the symmetry we have from since the start of last year... the similarities are just so uncanny, which is normal.. because human psychology doesn't really...
here is pretty much everything summed up in one chart what my thoughts are..
- currently we reached resistance of our channel at around the 42k range or also top of our range
- we got a bunch of bearish divergence forming so a pullback seems very likely in the books
- if we do make a pullback here in a standard ABC correction with our golden pocket...
this is a macro perspective and idea that might interest you for long term holders, not really for traders obviously
if we are looking at what we did in the past the structure has been pretty similar each time
we had a nice parabolic run in 2011, then made a correction, and if you would take the fib retracement from that top to bottom of the correction,...
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currently we can see Bitcoin broke down and out of the rising channel it has been in since our recovery move since the killer drop on March 13
things are starting to look very toppy, and usually after breaking down from a...
possible scenario: this is starting to look like Wyckoff Distribution Schematic #2 where I think we are heading down south for another leg back to our previous support
at around 8.6k range for Phase E, however the overall picture on the higher timeframes are still not that bearish... definitely with the Stocks market (Nasdaq mainly) leading the pack and...
so my previous idea that we had a falling wedge with higher probability that we would make a push back upwards towards 7.8k range worked out pretty well
I was short term bullish, and I was watching and waiting for that tick upwards.. but I think the end is very near and we are heading towards a big crash down
in the very near future, maybe in the...
things are looking pretty good in the short-medium term for BTC, a very nice rally happened since our doomsdrop in March, and looks like we are getting to an apex soon?
have been making a lot of live videos on my perspective, if you are interested in watching it, join me daily 7.30 PM (UTC+8) on Youtube or Facebook LIVE @ The Dang Oracle
for now we...
please see latest update on my previous idea, why we bottomed at 6.4k or our 0.50fib retracement, so overall I expect a big bullrun towards 14k for the next coming months
but this is just a small swing trade idea, as we have reached our fib circle resistance as well as previous local high at around 9443 USD
we should be retracing a little bit for the...
as we enter the new year, I wanted to give you guys my own personal opinion on Bitcoin and what I think we can expect for this year and next year and my reasoning behind it all
do note that this is a macro perspective over 2 years, so of course there will be bumps and humps down the road, but zooming out this is what I think we can expect.