deliciouspodo

deliciouspodo Updated 

Theory: Whales have accumulated in the 5800~6500 area. Now is the time for the final shakeout for longs. Break the previous low and make everyone think we're headed to deep shiet. Expecting the absolute low to be between 5400~5700. This may not be the ultimate bottom but the prep for a decent bull run.

deliciouspodo Updated 

If this is an accumulation, it will not go below the previous low 6100 Enter at 6160 SL at previous low 6100 (considering slippage, 6050) TP1: 6550 TP2: 7300 R/R is at least 3

deliciouspodo Updated 

6550 - 38.2% retracement, EMA20 support, horizontal support Tons of resistsance above but one more leg up

deliciouspodo Updated 

Go to tradingview ideas and you will see 9 / 10 traders expecting the rally to end at 7500 Whales would pump to 7500 so that retail investors can conveniently short there? :D.. Already seeing divergence in RSI/volume indicator, big dump volumes, loss of momentum as can be seen by multiple rejection of the blue area (7050~7100) and the following stagnation. All...

deliciouspodo

Basically how BTC would move if it would follow 2014 bear market Drop like a mo'fker after breaking out of the huge triangle, final huge bull trap, before dropping to 3k and starting accumulation (Ignore the numbering. These are not Elliott Waves.) Took into account the structure, horizontal levels, % of drops, etc.

deliciouspodo Updated 

Re-distribution Wyckoff.. The upthrust has taken place with the Bitmex fuckery.. You know what's after the upthrust.. steemitimages.com Whales have filled their shorts at 7.1k taking advantage of the Bitmex maintenance, without burning too much capital. I'm gonna add to my short around 6500. Run for your life while you can

deliciouspodo

Rationale: If whales are going to dump it, GREAT! If whales want to pump it, they would accumulate in the lower range anyways Expecting one more leg down

deliciouspodo

I'm surprised nobody is noticing the similarities. And I hope that it stays that way.. Red lines are my short orders. Expecting an upthrust like so to trap bulls and fill short orders (there are probably many stops above 8500) Generous soft stop at 9100. There was some serious dump at 8300's the first time and OBV hasn't still recovered (low volume rally) I...

deliciouspodo Updated 

You all probably know the purple parallel channel that's been containing bitcoin for the past month. BTC managed to hit the top of the channel with just 2 pumps, and BTC has retraced a little bit. The orange area is resistance turned support, and also we have the 14D EMA which has acted very well as resistance. Now that BTC has gone above the 14D EMA, I expect...

deliciouspodo Updated 

Aside from the double top at 11788, BTC is exhibiting a very similar pattern to Schematic A of Wyckoff Accumulation cmtassociation.org Before, I discounted this Wyckoff schematic as it had been too widespread among the public, and I had expected a massive volume upon break of 6k To my surprise, there was relatively low volume, indicating that there is little...

deliciouspodo

I have not seen a better alt-coin chart than QTUM's. This is probably the epitome of the perfect chart to go long. A huge descending wedge, the bottom of which is supported by the previous high volume nodes forming a triple bottom! HOWEVER, it looks like Bitcoin is about to go to Goblin town any time soon, and in this kind of market environment, alt coins'...

deliciouspodo Updated 

The last 3 major drops have some major similarities in their testing of major levels and % of drops I've just added to my short. I will start to second-guess myself at 7800 and admit defeat at 8000

deliciouspodo

Always gotta take into account the circumstances when doing fractal analysis. At least that's what I think. It's just a simple idea. Rejection at 7800 expected

deliciouspodo Updated 

When BTC broke through the log resistance line, I thought the fractal didn't have much value anymore. Little did everyone(me included) know it was a huge fakeout. Some talented TA analysts expect the log support line to break (the one that connects 5400 low to 6000) I also think there could be a fakeout that will make investors think that the log support line...

deliciouspodo Updated 

Ontology is presenting us with the most obvious inverse H&S pattern. The target almost coincides with the previous high at 12460 satoshi. However, the blue line at 9900 satoshi is a pretty big resistance, and most likely won't be broken in one try. I would wait for a pullback before going long here OR enter after the neckline has been broken and there's a retracement.

deliciouspodo Updated 

This is my best-guess for Bitcoin's path, based on the descending channel, bear flag target, and fibonacci retracement pattern from the $11,800 double top crash. When BTC crashed from $11,800 double top, it made a strong bounce around 0.5 retracement to 0.382 retracement and then oscillated between 0.5 and 0.382 retracement before making the (semi) final drop to...

deliciouspodo

Self-explanatory. The similarities are too obvious to be ignored. According to the Wyckoff distribution theory, the top of the small-volume rally is 8650 I'm staying in fiat. Wyckoff: i0.wp.com

deliciouspodo Updated 

Hello, I have shamelessly tweaked/updated the previous side-by-side comparison to the current situation 9000 is not only the log-trend downtrend channel resistance, but also near the levels of the previous high. It will most likely fail to break this resistance without some serious bull power.