UnknownUnicorn908250

UnknownUnicorn908250

Why not

UnknownUnicorn908250 Updated 

Couple things you may have noticed about bitcoin recently. Volatility and volume are back in big way. Take a look at this chart and see if you agree. We have dropped to about -50% of where we were 1 month ago. All in very rapid succession, large legs down at a time. More recently we've been through a lot of deep bearish candles, marked by extremely high volume and...

UnknownUnicorn908250 Updated 

Will the head and shoulders play out?

UnknownUnicorn908250 Updated 

should be able to "make it mine" to copy it, instead of recreating it

UnknownUnicorn908250

Coming to a fork in the road, curious which way we'll turn

UnknownUnicorn908250 Updated 

A lot of room underneath

UnknownUnicorn908250 Updated 

Ideas are written on the chart. I don't think the bottom is far away at this point. There's been enough acceptance of cryptocurrency as a legit asset class. There's just not much to work with, besides speculation, as no projects have really had success. Save Dan Larimer, that man is a genius, www.blocktivity.com There's also been some bearish news, but now we...

UnknownUnicorn908250

This market is gamed pretty hard, so I wouldn't actually trade this. However this market is long overdue for a bear phase, so who knows? If I had confidence this wasn't actually going into a bear market, I would go long instead of short, as that's the pattern I've noticed. Expect the opposite of what's expected. Those are terrible conditions to trade under...

UnknownUnicorn908250

This chart is for my own reference alone. T1 = 1.618 fib extension, T2 = 2.618 and measure rule combined. XLM appears to be a great buy at the moment. Most of the less traded alt coins are in a very broad cup and handle pattern. Alt coins appear to be ready to perform very well in the next 2-3 months.

UnknownUnicorn908250

For my reference only. If the bottom of this correction is in, then these would be the 3 targets to look at. Target 1 is also consistent with the measure rule of this descending wedge.

UnknownUnicorn908250 Updated 

This is for my own reference. Looking at the weekly BTC shows us some pretty bearish indicators. RSI and MACD both need to close the weekly positive, else break critical support. If it does break downwards, fib targets are drawn. I included fib extensions to consider if the market recovers from the bear market any time soon (I believe it is still just getting...

UnknownUnicorn908250

I'm just putting this up for my own reference really. I am curious to see if the next bull run follows the same pattern as the previous 6 cycles. The pattern being they correct within 7-10 weeks (roughly) of the previous correction. I threw up some Fibonacci extensions as targets, as well as the descending wedge/bull flag target. I'm not as interested in the price...

UnknownUnicorn908250

The past couple bull rallies for bitcoin are lining up nicely on the fib time extension, projecting the end of this current rally around 1-12-18 (60 day cycles roughly). Using the fib extension of the previous rally which took us from a low of 2970 to a high of 7900, I have drawn out the .618 targets. What do you guys think? What's the target for this rally?

UnknownUnicorn908250 Updated 

I think we're witnessing a special time for BTC. It's very possible there's some manipulation coming with the CBOE and CME announcements. Then again, BTC is a global market. It's quite possible the institutional powers that be, have been acquiring bitcoin en mass to dump and crash the market, test its resilience so to speak. Only to follow up with a massive volume...

UnknownUnicorn908250

We're currently in an Elliot correction wave ABC cycle in BTCUSD . We've hit Wave A with a correction down to 5500, followed by Wave B bringing us back up to 6830, now, presumably we're heading into Wave C. Wave C typical finds itself near the previous Wave 4 range, which is 5100, although that varies depending on the exchange as it was a long shadow. The...

UnknownUnicorn908250 Updated 

Looking back at the degree of correction after hitting a new all-time high, we find several ranges keep appearing. This chart lists the targets based on the most common percentages we've seen to date. The corrections group up around 18%, 33%, 38%, 48%, and the worst of all, the 85% drop during the bear market in 2014. The targets are -18% (6223) -33% (5074) ...