Following Elliott Wave rules while using both Japanese Candlesticks and the Relative Strength Index, we are able to calculate Bitcoin’s anticipated wave position. While the last huge drop to $3.9K shocked many, few were prepared to capture this ‘swing-low’ opportunity. Swing lows generally lead to new Elliot Wave structure. From $3.9K, we’ve waved ourselves up to...
Bitcoin has taken off and remained in a dominant bull market for quite some time now and the future looks interestingly volatile.
Since breaking through its huge historical top trend level near $10K, BTCUSD has been on one hell of a ride but it's failed to complete a retest of the notorious trend line.
A drop to $9.8 occurred immediately after breakthrough,...
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The chart says it all. Bulls have defended a major drop and now look to resurge with animosity on their ascension towards $14K.
Yet with multiple angled resistances above, this asset still looks to be due for a reset.
Never has an asset extended its value as quickly as Bitcoin. Essentially hitting the moon shortly after its inception, Bitcoin continues to fail in reaching new significant highs. What seemed like a recent breakout of the top level, historical trend-line brought major excitement for eager bulls. Not to disregard the additional trend wall to the right, sellers are...
Seemingly in the middle of a tug-o-war exhibition, both bears and bulls are jocking hard for position on USOIL. I always say that this particular instrument is the bloodline of America. Considering the political and socioeconomic status at this time, its only right that the price of USOIl metaphorically also becomes unstable. With COVID-19 continuing to be the...
AS YOU CAN SEE, I DON'T USE ANY ON CHART INDICATORS SO I'LL KEEP THIS SHORT AND SWEET.
FK ALL THE USELESS TECHNICALITIES ABOUT EMAs, ETC.
USOIL LOOKS TO SLIDE DOWN TOWARD $36.10 AS CONTINUED EFFORTS TO RAISE PRICE HAS FAILED.
FALLING UNDER GROWING PRESSURE AND MOMENTUM, WE COULD VERY WELL SEE PRICE CONTINUE TO SLOWLY DESCEND OVER THE COMING WEEKS. RECENTLY...
After a $3K pump followed by a quick $600+ drop, Bitcoin bulls are yet determined to chase the moon ($14K+). The market also yearns for more. Watch the price action for a quick turnaround just above $11.7.
As global economic turmoil ensues, BTC will not remain exempt. An invisible coin for $11K?
This rocket may land into a H&S and confirm the downplay of the...
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The most ultimate Bitcoin setup has been underway since $10.5K. It's human nature to want price to drop FAST but naturally, it's just not the way that price action works. This is actually great for some people, it gives you time to adjust, do your due diligence and...
You’re not going to get all the technical jargon here. Takes too much time and I don’t use many indicators anyway.
Look for long opportunities near $8700.
When you see $9777, don’t think jackpot. Think ‘SHORT’!!
Catch the spike to $9800+ and sell it with everything you got. Drip season is on the way.
The only question to ask yourself is: will the double bottom at $3.9 make it past the resistance that will then be at $6K?
If not, will the IHS and make it past the newfound resistance near $4500?
Momentum is a killer. The tide’s turning soon.
I must admit, this has been a nice, strong bull run. I anticipate we’ll see this continue to glide and turn around near the $43 mark.
RSI levels point toward an almost mandatory cool down period here. I’m not a huge fan of fractals but when I see one, I’ll point it out.
The nearest big time support I can see below this zone is around $27. This also likes up a...
Should BTC's monthly candle close above $9700, it's fairly safe to say that the bulls will continue to pump the price up above $10K once again. This will be the last FOMO pump that we'll see until price drops below $1K.
$10.7 comes before the great dip.
Short at $10.7
After taking a very steep dive to the depths of $3.9K, Bitcoin damn near immediately started to retrace in aggressive fashion and while doing so, formed an obvious ascending wedge. Basic TA tells us, a downtrend followed by an ascending wedge is quite bearish. Add this to the fact that sellers were waiting nearby to jump on the overpriced value.
In my mind, many...