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.