yankecwby

yankecwby

Until the daily closes above the baseline (blue line) of the 80 period Bollinger band, I'm sticking to my plan

yankecwby

Look what has happened to price each time BTC drops below the base line of the 80 period Bollinger band (blue line) on the daily chart Check BitStamp or any chart with a longer history to see a more dramatic depiction The white box just so happens to be the golden zone of the correction for the 2019 ATH It could take time or could be fast We have gotten hints of...

yankecwby

And allow the alts to pump while you (BTC) tiptoe down to where you're headed/0.618 Just to blast off to your next destination and leaving alts behind as peeps sell-off to jump on for a temp ride (or so they think) then, as ppl jump back into their alts as BTC takes a short break only to blast higher unexpectedly, smashing through top of the channel causing FOMO...

yankecwby

The 70 period BB baseline has been resistance and now the 50MA is acting as support creating a pinch and an apex at the blue line which is the 1.0 tong of the pitchfork which I expect to break down. So keep an eye out for this move. Check related idea to see zoomed out pitchfork

yankecwby

Targets haven't changed, just slower than expected

yankecwby

Will it happen? I'm thinking so

yankecwby

Target in green box

yankecwby

It didn't seem like the massive sell-off by the algo's at the golden zone I had anticipated but it appears the golden zone which is also the top of the channel, as well as the gann fan 8/1 from Dec 2017, could be in play as resistance to begin the correction & completing Wave D & now down to the .618 & bottom of channel 2 for Wave E (if this count is correct) Lots...

yankecwby

Pretty basic and self-explanatory Algos play ping pong until new money takes 'em out when all fiats die

yankecwby

It looks like multiple indicators point to the .618-.65 as the next target before a retrace to the .618-.65 of 2019 hight of June 26 which would be a likely target for algo's to sell The daily MACD is bullish but lower TF's imply a needed correction IMO So short term bearish if corrections are considered bearish. I believe they''re normal and healthy unlike the...

yankecwby Updated 

Then up for 3 down for & up for 5 targets marked -green boxes Wave c/2 could still drop to the .618 fib as noted in previous chart but Beetcoin hasn't been listening to me so something to still consider but it looks like it wants to test that upper triangle TL on Wave 3 which happens to be at the 1:1 fib ext

yankecwby

At the green box (green) to complete Wave 2 then up for Wave 3 levels indicated in chart Don't follow my analysis unless you agree and as always, it's on you PGBGL

yankecwby

Do we really need to have the entire EW history charted or can we simply eyeball & count 5,3,3,5 waves? Especially when sub-waves previous to the impulse don't exactly subdivide according to EW rules but are confluent with other indicators

yankecwby

BTC has interacted with this fan several times so this is a possibility IMO and is in line with other price point projections Just an idea & something to keep an eye on

yankecwby

Looks like with one indicator alone we have some levels that'll require some bulls, not to mention previous resistance levels. Just thought this may be relevant Good luck and don't take any wooden nickels

yankecwby

See related idea

yankecwby

The 605 BB shown here along with the 225BB with 1.25 SD & 225BB with 3.2 SD (not shown here for cleanliness) have proven to be incredibly useful on most markets covering all TF's. Here we have confluence with the top of the 605BB as well as the Gann fan RSI is oversold on the 1 hr TF & at a bounce point on the 4hr

yankecwby Updated 

Did anyone expect a reversal at an area that is not "fibnificant"? Algos don't play like that Wonder if he's gonna back that up or if he's gonna take our paint Nevertheless, "Masterfull" human market maker "Al-go" I aint buying it cuz I always start my charting zoomed out