BTC looks to be hitting a wall at the MM 5/8ths line. I will sell here, and re buy at bottom of the frame, the classic move. $51,000 next target down. Stop at new local high above $57,800
Nasdaq continues to burrow down to the bottom of the Murrey Math Frame. I am seeing it exceeding the frame, and triggering the beginning of the next bear market.
Rough over view of the next 6 months. Stops are near $35,000 Well be all over the map. Great Trading environment, but hodlers should wait for $40k.
Looks like the selling has finally abated in BTC this everning. Expecting a rally to $58,000 area at best, and then the final leg of 3 waves down to near $40k.
Bitcoin was just dealt the most bearish chart pattern there is in my book : The upside flash. Huge move higher that has HFT written all over it, followed by a huge move downward, all in the span of a few hours. The FLASH. I have severely down graded BTC. We still bounce at $25,000 area, but we'll give it all back on the grinding road to $14,000. There are a...
BTC should revisit $50K. Shorting into $59,000 is a good plan. Covering $51K is a good plan.
BTC has begun a decline that I think ends near $41,000. This will be the entry many, many , many traders are looking for. There is a tiny chance we dead cat bounce to $59,000. But any rally directly from here should be shorted. Prices below $43,000 begin accumulation. Prices below $37,500 begin to worry me in my long position.
Today , 1/27/2021, the Bull market ends. $7500 incoming. Sell, and go short.
A continuing series, watching the break down in the Nasdaq 100. This has large implications to the immediate downside. Prepare for a crash of large degree. Short now.
Continuing Series of a completely forecastable decline in the Nasdaq.
BITCOIN DESTROYS ALL TARGETS AND ARRIVES AT JUST SHY OF $35,000 ! CHOPPY WATERS AHEAD, A MOVE TOWARD $26,000 IN THE COMING WEEKS. AFTERWARD A SMALL WAVE 4 FOR 2-3 MONTHS AND THE NEXT MORE MEANINGFUL TOP NEAR $38,000 recommend selling here and re buying near $26,000 in a few weeks.
I have been folllowing what looks like a decelerating Nasdaq 100. I have been looking for a tell tale sign that we have topped. Yesterdays decline could be that trigger. We need to climb above the dashed purple line in order to regain the upward , yet still slowing trend. If we trade below the 12,500 line, its lights out for Nasdaq. And the Covid 19 economy.
This is in series of charts. Linked below. Its a long trend with a few brief layup shorts. You cant be afraid of the short. Its 1/3 of your gains. And keep you from doing a lot of stupid things. Like buying the wrong highs. When you look for shorts for profit, your a much better hodler. Ask yourself who do you know that would be shorting these highs? If...
This is a chart in a series linked below. I am seeing BTC coming in hot. I dont think we will see meaningful resistance until the actual $25,000 mark, and then it will yield briefly as well. Be ware of the 20% correction that looms just over the horizon. Dont be a knoob.
This is a follow up to the larger idea posted before. It shows the next few hours consolidation period before the final move higher in BTC. Afterward moving back to retest the $20,000 area.
This is a continuing long trade in BTC that churns through a wave 4. See linked charts for earlier instruction. Once this wave is complete the uppward trend makes is final move toward $25,2000 - $26,000 or so. Tune in for more details.