wordsforthewise

wordsforthewise

either going up or down 12k pretty fast. I expect up. I expect that would also result in a huge correction (50%) down to 24k

wordsforthewise

possible bearish div on a longer time scale, all the way back to a year ago

wordsforthewise

could be a channel now, but it could also drop ~$100 pretty fast (1 day)

wordsforthewise

Setting up for another 10k drop soon. Get ready to buy some BTC and alts

wordsforthewise

it's a textbook bull flag about to break out bigly

wordsforthewise

It will be time to buy the crap out of everything in a few weeks when we dip 10%. From there we rally for 3-6 months to new ATHs, then bear market for a year or two, maybe longer. Can't find much in the way of patterns, except a little bearish div.

wordsforthewise

triangle with a janky bull flag. Target 0.67, although it could overshoot to 0.9 or 1.0 easily

wordsforthewise

Looks like we have a triangle compressing with resolution expected within 2 weeks. I would expect it to move down due to CME gaps, stretched above the 200D moving average, general bullish sentiment, and my bias of hoping for a crash to buy more. It probably depends on the general market, since BTC is highly correlated with the SP500. If we have another liquidity...

wordsforthewise

Expecting a breakout with this trend, then a small correction, and a huge rally (with several 10-15% corrections) up to 20-24k nasdaq. Then, probably a big crash, and the fed starts buying stocks and the US market becomes nationalized

wordsforthewise

It's possible nasdaq could double from here in 7 months in an insane blowoff top. Yellen + Powell + Stimulus. This is what happened in the last stage of the 2000 dot-com bubble. Then it dropped by around 80%.

wordsforthewise

Bearish engulfing candles and gaps to fill. Also in a bearish descending triangle. Lower gaps to fill too, like the ~100 gap. Bye bye

wordsforthewise

Those gaps and that gravestone doji...look out below, permabulls

wordsforthewise

A few weeks ago everyone was drawing a triangle something like this. Now it's broken out of this on the downside, but people are drawing a new triangle to move the goalposts. When the trade is wrong, abandon it

wordsforthewise

A nice shooting star on the 4H charts -- looking like a drop inbound. Maybe to the 13.5 ish area. Expecting a bigger drop over the coming weeks, along with the general market.

wordsforthewise

next stop 1% down again

wordsforthewise

Possible path if the general market melts down in the coming weeks. RSI about the same as last July with the top at 14k. Not sure if that counts as bearish div, probably not. I don't expect it to go below the 200W MVA (never has except the covid crash). So we might hit 8500 which would allow for filling CME gaps at 9600. Then the 2021 bull run? Who knows, the...

wordsforthewise

going down

wordsforthewise

shooting star candle on the weekly...a big bearish div playing out, another small one maybe showing up. If we close next week or the one after below 400, look out below...no knowing where the dump could stop. Remember this is $2k pre-split levels, and it rallied like 80% (I think, maybe 50%) solely on news of the split. Febhighs would be around 190 I...