The only thing here that matters is the big picture. Cutting out all the noise.
Looking at the weekly chart, we can establish a few very interesting things:
RSI: The ATL points, from which we can establish a high probability for a reversal pattern, and if counting waves, this could be interpreted as the 4th down.
The "droplines", or trend lines that have...
- Buy fear, sell greed.
Hi and welcome to the last part of my long ongoing TA of the upcoming ZCL fork to ANON.
By now I assume most of you following ZCL have taken a position either before the drop or buying in now at the bottom. If you followed part 5 and had entered in high, you hopefully accumulated a fair amount of ZCL by shorting on the way down. Now...
By request I took a look at what GRS is up to.
All altcoins are hitting their respective (pre)bottoms and rebounding quite nicely, basically mirroring Bitcoin. The dark side is that, if BTC fails, all these alt runs will also fail. Keep that in mind.
This is already way in to the impulse wave and entering here is with great caution. BUT, if entering...
Hello and thank you for tuning, this is PART 5!
After following ZCL closely for almost 2 weeks, it has been showing of all kinds of moves. Now the pattern of Wyckoff is starting to hit my face.
Mark down (now)
If this indeed is the Wyckoff, we are just before a huge dive into the abyss, the last sell off before...
By request I took a look at MCO and it is indeed starting to look really promising for a mid to long term position.
Gradual positioning when accumulation starts below 0.00080.
All the best!! -B
Hi and welcome to part 4.
All indicators start to point up, we have broken out of a couple of resistances and only 1 more to go!
Eyes focused on the resistance of 240 and when this breaks, I will have my helmet and flying boots on.
300 should break within 24h followed tightly by 400 if this goes parabolic. Usually starts slow and gradually builds up momentum...
BTG is looking to exit its _lifetime_ falling wedge, good time to take a position.
Not to compare BTG with BCH as projects, still after the fork, BCH had fallen for something close to forever when it bounced to incredible ATH.
- Bitcoin will take everything with it if it keeps falling.
Position @ 0034
SL @ 0032
UKG is a very promising project and haven't seen the light yet. Maybe the time is now.
Predicting that UKG is making an Adam and Eve double bottom, and this could fire a nice upside run.
MACD is still below 0, but has been working it's way steadily upwards for a long time.
If Bitcoin is continuing bearish down to new lows, this upswing will be...
So here is a continuation on my last update that I accidentally made private.
Bitcoin is right now at the most critical point and needs to make a decision to start next impulse wave up the Wyckoff pattern, or if bears still have enough volume this will start a 5 wave down.
On the daily chart everything looks to go according to the pattern, MACD is still...
Hi and this is part 3.
ZCL movement is looking still determined to move up even though it's being somewhat held up by Bitcoins larger retrace.
This is the road map for the next couple of days if nothing surprising happens. ZCL is steadily moving up to set up the base for the big launch.
- MACD hasn't even bulged on the daily chart so the buying hasn't...
Let's begin part 2, the last thread was getting loooong, feel free to go an check it out aswell.
So we are about to break the falling wedge atm, as already predicted in my previous thread.
Target is 200ksat now, and then move up to the ever important 230ksat.
I will keep updating as we go!
Keep safe! -B
ZCL is climbing on the lower support of its ascending channel @ 170ksat. If this holds and ZCL gets a nice bounce of, we are looking for a bull run to 3rd wave up, which is expected to be the most profitable.
Strict stop loss and calm nerves this could be a profitable journey.
NOTE! BITCOIN can invalidate everything if it starts the last impulse wave...
After some turbulent uncertain times followed by the ill-timed ETF rejection news, we are most certainly back on track.
- Bitcoin made a fast and solid recovery, that at first seemed to be much harder as volume was declining and bounce was nowhere to be found.
- The new wave count indicates a first wave up and forming 2nd down.
- We can expect a bigger pole...
Hi guys, a new day, a new update!
Bitcoin is holding up nicely where the previous analysis began.
-The RSI bounced of a seemingly forming trendline
-MACD is looking to turn to the short term bullish
-The air is getting thin (obviously) for Bitcoin, but I think there is one more squeeze to be seen.
-8050 is holding for now and I consider this to be a Bullish...
This is a fast update of a possible scenario and might be worth following!
My EW of 5 seems to make sens and looking at stoch rsi, macd and the rsi, it may still reach one more hump to complete the 5th wave. I might be way of target, but keep an eye on this one if it still plays out.
Point 1: the wave 1 and 3 are very similar and the 5th could be the...