I know I know the bitcoin bubble has popped. I’m not convinced, at least not yet. Sentiment IMO is the lowest we have seen since the $6k bottom which was pretty bad. Is the crowd right? It's possible but I don't think so. The price is definitely at a pivotal point...if these levels of support do not hold the outlook for the coming year does start to look ominous,...
Inverse h + s...watch for a break of the neckline.
fidget spinners in high demand these days...I don't really understand it, but the charts say what they say...
hmmm. Just a thought.
RSI broke down from trend. Price flirting with breaking the parabolic trendline. Could still get one more high to 2.618 ext. but if we start closing candles above there the idea is pretty much invalidated. This feels similar to the bitcoin bull trap of early 2014 to me, could be wrong of course : )
Everyone going cray cray as the price chops around...if you must trade bitcoin...here's how to do it IMO.
My first cRipple chart : ) ...confirmation on a break of the neckline
While this could just go straight into the raging bull market, a nice longer wave 2 wouldn't surprise me here. A flat correction is my guess because it leaves room for a new ATH -0.99% to trap the bulls in wave b, than we go down to trap the bears for wave c. Just a thought. Also in line with my ltc/btc chart. If we start closing candles above the 1.38 extension...
Over a year consolidating in an what I would say is a an abcde triangle for wave 4...hmmm...big wave 5 on the way?
I'm not sure bitcoin wants to be tamed...time to make the noobs who are all in the green seasick? Just an idea.
Looks pretty simple, doesn't always work out that way, but we'll see : )
Black arrow, then we find out if we get a nice healthy a-b-c correction or if the bull continues (red vs green)...
Just trying to figure out if there was a count that would support my bearish thesis on the ETH/BTC ratio. And there is. Probably will get a lot of flack for this one but it's just a chart : ) Yes, i'm aware of the ascending triangle break, and yes its possible this is horribly wrong and ETH explodes into an incredible majestic bull market. But i'm just not so sure...