TEXAGG22

TEXAGG22 Updated 

Floor is not in, I explain what I think on the chart..Enjoy :)

TEXAGG22 Updated 

Well guys...This is my third attempt to publish this chart and allergies are raging today soooo I am going to be lazy and not give much of an explanation here. Essentially what I see happening is a total repeat of our cycle that lead us to our local low on the drop from 20k. I think this cycle is repeating and we are likely to test support down in that area. My...

TEXAGG22 Updated 

I haven't published a new idea in a while and have instead been updating old ideas. Because not much has changed in the overall, long term scenario I have not felt it was necessary to create a new idea. That being said, this idea is focused on the short term situation in bitcoin and will therefore only be relevant for a small period of time. I will either be...

TEXAGG22 Updated 

Hello traders, Today is Memorial Day and ETH so I am going to keep this initial post short and sweet and will most likely update it in the coming week. -ETH has had a 100/200 MA death cross for the first time in its history ( at least on bitfinex) - The last time the 100/200 MA crossed on ETH we had a massive bull run, will the dead cross lead to an equally...

TEXAGG22 Updated 

Today I take a small detour off of my Usual path of BTC analysis to take a look at Litecoin. To make it short and sweet I think Litecoin is in serious trouble, it touched R1 on the yearly pivot (a little over 320usd) , was then rejected and tried to consolidate around the yearly pivot (roughly 200usd) but was eventually rejected there as well. Since these two...

TEXAGG22 Updated 

The trend line in white acted as MAJOR support on 4 different occasions Trend line failed in early march We have now retested the line and confirmed it as resistance This is EXTREMLEY bearish If Bitcoin is unable to rally above the line I believe it will go and test the yearly S1 pivot in an attempt to locate new support. Good luck and God bless

TEXAGG22 Updated 

Hello Crypto traders and thank you for taking the time out of your day to read this post! Today I have nothing fancy for you as I am busy running from airport to airport trying to get some work done however I did want to bring the community this idea as a reference to possibly follow along with in the days and weeks ahead. I am proposing that we MAYbe, perhaps,...

TEXAGG22 Updated 

Well guys, basically it seems like bitcoin has been following these fib lines quite nicely. This just reinforces my idea that we will be going to 3.5 sometime in the next couple of months.. another lower high! Weeee the ride will be a fun one, buckle in ladies and gents! All the best, Red Boar

TEXAGG22 Updated 

Hello friends and foes and welcome to another of addition "Nobody knows its a casino and we are all just guessing"....:) As you can see on the chart between .2/20/2018 and 03/05/2018 Bitcoin made a top at 11.7k retraced down to the .382 fibonacci level and then rallied a second time to try and take out overhead resistance. Obviously bitcoin then failed a second...

TEXAGG22 Updated 

Hello everyone, I know we are all probably a little stressed/excited/anxious because of the price action over the last few weeks which has caused many traders numerous sleepless days and nights and I am here to admit that I am one of those! Because of these long nights and days it is easy to get caught up in day-to-day action watching the 4 hour chart and even...

TEXAGG22 Updated 

Well as one can see we have had 2 previous occasions since January 2018 where the 4 hour 50 EMA has crossed BOTH the 200 MA and 200 EMA and on both of these occasions the result was significant downside ahead. Will the pattern repeat ? Please bear in mind we are only working with 2 examples during this current bear market and therefore a cross can not be seen as...

TEXAGG22 Updated 

Right now we are being squeezed between the 100 and 50 simple moving averages as well as between a downward sloping trend line since 9.9k and an upward sloping trend line from 6.5k. I am not here to tell you which way this thing will break out but I can say all this squeezing is going to lead to some explosive movement one way or there other. Please leave me a...

TEXAGG22 Updated 

Bitcoin is currently making bear flag and it is following the age old example of sharp decline on heavy volume followed by weak bounce on declining volume...to quote stock charts, "It is important that flags and pennants are preceded by a sharp advance or decline. Without a sharp move, the reliability of the formation becomes questionable and trading could carry...

TEXAGG22 Updated 

If what I have drawn on the chart can be considered a true bear flag then, in the medium term, we could be in for some significant downside. This is rule number 8 on pennants from stock-charts.... "Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline." So, IF this is...

TEXAGG22 Updated 

I think 3200 could be a PERFECT place to land on our wave 4 as it is a Yearly Pivot Support zone that has not been tested this year!

TEXAGG22 Updated 

The monthly RSI dropped below 70 in exactly the same month in both 2014 and 2018..creepy! Also, look at that massive hook that has developed on the monthly MACD, wow! Lastly, notice how in 2013 the RSI held above 70 and therefore was able to maintain rally status however in2014 it dropped and we entered a prolonged bear market! Something to keep in mind while...

TEXAGG22 Updated 

Hope this one isn't too messy

TEXAGG22

Bill Gates, Warren Buffet and Charlie Munger are all bearish on BTC with one even saying he is inclined to short it. "As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment," Gates said. "I would short it if there was an easy way to do it." -Bill Gates Monday,...