wordsforthewise

wordsforthewise Updated 

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

wordsforthewise Updated 

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 Updated 

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

wordsforthewise Updated 

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

wordsforthewise Updated 

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 Updated 

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 Updated 

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 Updated 

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

wordsforthewise Updated 

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 Updated 

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 Updated 

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 Updated 

next stop 1% down again

wordsforthewise Updated 

going down

wordsforthewise Updated 

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...

wordsforthewise Updated 

looking like it broke to the downside

wordsforthewise Updated 

head and shoulders forming, should be up for 2 days, then down down down

wordsforthewise Updated 

I think the bearish div was confirmed, and it's a massive bearish engulfing candle. My price target is $6 by the end of 2020.