I took a very long break from crypto after my personal life fell apart. Historically, January is a bloody month for BTC but I think this year looks different (see chart). If price can't break up through the red line inside the bigger triangle then it'll probably fall lower through the screen support box and history will repeat itself.
I think this is the bottom of the Ethereum crash - buying spot coins at this level and holding for a few weeks/months should yield you a solid return. I am net long ETH for probably the first time in my life because this bounce setup looks too juicy.
I see a coin getting accumulated at an All-Time low with relatively flat market structure and consistent volume. If you look over at Poloniex, somebody has been getting bids filled at these levels consistently for a few months. The same occurrence is happening with Litecoin at the moment. A whale is getting hundreds of Bitcoin worth of LTC filled at current...
Bullish Fractal-ish spotted. might fail, if it does, we're going to $320 or lower. Long from $368 on Finex with a stop at $363. Will lose $250 if I get stopped out. Will make a few thousand if correct.
Can't help but feel like I'm about to get slaughtered, but I am fearful to buy, so it must be good? We'll see...
At this point I've posted several ideas about what I think Bitcoin could do long-term. Not looking for bragging rights if 8 ideas fail and 1 succeeds, i'm doing this so I can look back on my analysis in the future and learn from it.
Here is the idea:
After Crash Cycle #1 broke to the upside, it tested $680 and failed to continue the uptrend.
I could see Crash...
Basically I think we'll see a repeat of the yellow box, but it will happen at a more accelerated rate. I think we'll see a MASSIVE rebound after we test the bottom trend-line once more. That is the ultimate point of emotional panic for anyone who panic-bought around $460. Those are the people we're trying to shake out here if they haven't been already.
Looking at other weed stocks found me this Gem. such a beautiful market structure and to me its obvious this is being accumulated. Buy at $0.05 seem like a great risk/reward.
Nothing fancy about this TA, just crash cycles and bubble patterns that repeat themselves.
Just finished creating a chart for CANN. Now looking at the same market structure in CBIS.
I bought into this stock at $0.20 back in the Weed bubble of 2014 and lose like $50 in that pump n dump. Now I know how market structures work though, and am looking to enter near bottom. In my opinion, price should reach $0.01 and bounce off that order block since...
Having started trading in Shitcoins, I feel I could trade well in penny stock markets due to the fact that the hype cycles are the same. I'm calling for an increase to $2.50. Could happen ANY time. Maybe next week, maybe 6 months from now. But I'm making this chart to see if my knowledge of accumulation and distribution is accurate.
Looking to see if the Greece Bubble Fractal is still in play. Judging by the duration of this lunar phase and the Fib retrace levels, I'm kind of expecting it to stop pumping at the 50% fib. Just publishing this idea to see if it comes true later.
I could also see it testing the 61.8% fib before a minor correction at $420 finex.... but that would violate the...