bottlenekdolfin

bottlenekdolfin

Cyber Security jobs are increasing 18% over next 10 years. Big companies are using Crowdstrike. These days cyber security is not an option, a company will be hacked and it's only a question of when, and how bad it will be. Technicals, we see a B wave retracement. Analyses are calling for a high 100s to high 200s as good value. I'm seeing a C wave up to 390, maybe...

bottlenekdolfin

Cyber security is growing jobs by 33% over the next decade (Bureau of Labor Statistics). State actors like China, Iran, North Korea, and Russia are unlikely to stop their cyber campaigns. We can see on the chart a .618 retrace of the first impulse up. Or this was the 4th wave down. Or this was an ABC retrace. The whole economy is probably going into recession....

bottlenekdolfin

We have a higher low, with lower lows on the MFI and MACD on a weekly. Optimistic. On the downside, we're below the trendline. This could create a sell-off. Also, I feel like the daily chart is less optimistic. US inflation is at a 40 year high of 7.5%. No telling if this means we'll crash upward or downward. Ideally, bitcoin is treated as deflationary and...

bottlenekdolfin

According to "trend lines" or "meme lines", the bottom would come out to June 2022, the top at January 2022. Median at March. Expect an ABC correction afterward.

bottlenekdolfin

End of the 4th Elliot wave downward, the last wave will be shorter than 1 and 3, possibly more complex. Using a Fibonacci we can guess an 88k target. Bitcoin is oversold on MFI and sitting and support. If bitcoin falls beneath 53k this is invalid.

bottlenekdolfin

TLRY had a move up and a correction back due to news that it was overprice, should be $10. Germany is talking of legalization and US has a bill for decriminalization. This can be a good opportunity to buy. It has been bearish for quite a while now though and you can set a stop loss below support.

bottlenekdolfin

Possible that we are forming an even larger falling wedge. The defense at 30k has been strong. Also, possible Elliot wave upward. Either way I'm short in the short term, bullish long term. Unless we break 30k and go to 19k.

bottlenekdolfin

I don't know why we are pumping so hard, and even lower volumes.

bottlenekdolfin

My falling wedge idea, now that the price has dropped, seems to be invalid. For now, I'll return to the triangle idea of which case our target is near $27k

bottlenekdolfin

Falling wedge pattern. Guesstimating a rising to 32.5k, drop to 31.4k, then a trend upward.

bottlenekdolfin

We see a higher high on the MFI. The peak is making a lower high. If we do not continue upward and break out of the trend, this is a hidden bearish divergence, which suggests a continuation of the trend. I'm still not sure if this is really a Triangle formation. The bottom side of the triangle hasn't had much interaction. If indeed it is a triangle formation, we...

bottlenekdolfin

A breakout from the triangle will typically see a target of about the width of the traingle, either down or upward. I'm seeing a target of 27k. If trend lines instead form a long descending wedge pattern, we would see a breakout upward to 37k after descending to 32k over the next week. Use to decide when to enter trades, like short now with a stop loss above the...

bottlenekdolfin Updated 

Lined up some support and resistance with a Fibonacci retracement. The price movements are reflecting an Elliot Wave as drawn. Maybe something will invalidate this but this is how I'm seeing it.

bottlenekdolfin

Trendlines are support/resistance. Here you can see a massive downward triangle from after the 20k rally at the end of 2017. There is also decreasing volume until the breakout downward, where we have a spike of volume. After this, we can see that we entered the bull market after finally breaking the downward trendline in April 2019.

bottlenekdolfin

Leaning to a breakout back upward, then back bearish.

bottlenekdolfin

not sure, don't use head and shoulder that often.

bottlenekdolfin

I know it's difficult to see with my messy chart. We have support at Fibbonaci lines. Possible 3rd wave to 31k. 4th to 33k, 5th to 27k. Possibly.

bottlenekdolfin

Hidden bullish, an oscillator is flat or downward while the price makes a higher low. The trendline is set for me to define a stop-loss. I hear word that whales are transferring a lot of USDT, maybe planning to buy. Elliot wave theory on the weekly suggest a top of 45k or so, with another impulse down the 27k.