All the meaningful moves are preceded by violent contraction, just like when a baby is born. This is by no means thorough or granular, but is meant to show how the current structure has played out with regularity over bitcoin's history.
Perhaps my finest charting achievement. probably ever.
this is one of those situations that you shouldn't have to think to hard about.
do you have $50 somewhere? There you go.
Feel free to drill down into daily, 4 hour, 1 hour... the clues are there.
I'm posting a little advance of the entry. we'll see if it hits.
let's just say that i think this has both technical and historic merit, but i don't really believe in it. mostly because I can't recall what tipped me off to make it on what was supposed to be a 5 minute meditative study break. thus, i really shouldn't be making such unplanned trade. but still,...
Started reading the Elliot Wave Principle recently. I'm very beginner on Elliot wave but it has definitely changed my trading even with what little I've taken from it so far.
Trade is on.
Don't have time for a big write up, but hopefully the chart is clear enough.
I'm always up for critique or improvements on my analysis.
Here we have some important market structure levels indicated, as well as a long target. Also indicated are three identical market structure levels with matching volume profiles - albeit on different time-frames. Since I don't routinely trade stock, I'm not completely clear on when this target should be reached, but based on the point in the market cycle, I'd...
Fresh target blossoms after such analyze. BTC has dazzled and beguiled us. Now a little nap is necessary.
There is already so much great analysis around here, I think I'm more about hitting the targets exactly with no explanation, or missing in grand, grand fashion. Feels good and clean committing to the fruit of my effort.
Let's see if everyone's favorite worthless ponzi shitcoin that normies love to hate has some teeth. On a technical level, this trade will play, And all the myriad iterations of it as we make our way back up and beyond the moon at some point over the next 6 months - 50 years. I'm not even considering trading anything beyond this for now, maybe due to...
This analysis is based on my study of the article "Anatomy of a Trading Range" by Jim Forte (i.e. Wyckoff), which appeared in the MTA journal Fall, 1994. It's quite a revealing piece for someone who had no previous exposure to Wyckoff.
Chart pretty much explains it. I am reluctant to call 3 where I did given that is a 30 minute candle that the price action...
It's bitcoin looking hot on Friday. Daily chart, so surely some hearts will be broken before she really hits the dance floor, but I mean, who wouldn't take a stab at this?
Wait... BTC is a scam. It's going to zero. No, actually, the "bulls" haven't wet their beaks with enough wholesale corn yet and will force it down to $4800... naaahhh.
IMO, markup has...