- i know some peoples are still waiting for 15k or 10k. - in 2018-19, some of my friends were waiting BTC to dip $1000 when BTC was around 3000$, they are still waiting right now. - Used correctly, Bollinger Band is a powerful indicator. - you need to look closely at the Weekly BB contraction. - When BB compress, it's a sign of volatility returns. - the lower BB...
- Gann Fib box + Trend Based Fib Extension. - Nothing is drawn. - Just used Fib rules and removed less important % to keep it clean. Happy Tr4Ding !
- Throughout history, the ratio for length to width of rectangles of 1.61803 39887 49894 84820 has been considered the most pleasing to the eye. - This ratio was named the golden ratio by the Greeks. - In the world of mathematics, the numeric value is called "phi", named for the Greek sculptor Phidias. - Everything is in chart. Happy Tr4Ding !
- i often compare TheKing with Nasdaq right now. - Have a main reason : - NAS100 (Nasdaq) have mostly "Top Tech Companies" acting as Thermometers in this index. - SPX (SP500) have Tech Companies + traditional ones. Nasdaq Companies are also included in SPX, but 500 Companies start to be a lot. - DJIA (Dow Jones Industrial Average) is a Mastodons, i don't use it...
- TradingView distorted again my post. here a clear image : - We need to compare BTC movements with The Wyckoff Method and we will get a more clear view. - We are in a long corridor and it can take time before a new Bull Cycle as big hands are waiting for retailers to give up. - i published in July a chart indicating a potential bottom around 17500$. here...
- Nothing can be perfect in Life or in Trading, but you can always brighten up your day. - Remember "Cycles are Cycles" - Everything is in graph - You can follow bears, predicting 10 years of recession, but we are in a big recession and for a long time already. - You can fall in the deep and predict the darkness. - i like to see the sunshine in the morning and i...
- i remember one of my best friends asked me in 2018 if it was good to buy Bitcoin around 4000$.. around bottom, i answered nothing, i just told him life is like a computer, it's like 01010101. You just take a decision then u have 50% chance to be correct and 50% chance to be wrong. - So he had like 50k Euros at that time and he decided to buy a small studio...
- turning bullish slowly but surely. - Manage your risks. - Take profits on the way up. - Don't go all in. - Buy zone : Now (23300$) - TP1 : 25900 - TP2 : 34500 - STOP : 20450 Happy Tr4Ding !
As per my latest analysis bitcoin rejected the resistance at 23500 and now is trading at 22500. In lower time frames it made a clear inverted cup and handle pattern which is confirmed by breaking down the main support at 22700. For now I expect the price to see lower support levels at 22K, 21.5K and 20.8K as the projection of the inverted cup and handle pattern.
No one knows the bottom , but this might be it ... the big guys are very sneaky about their enteris .. keep your eyes and ears open
What a Day on Markets, $BTC breaks With momentum. Next Target is $26K.
I watched the great drop at close yesterday and it was phenomenal. That much attention is for reason, reason is to make money. Which direction is the money flowing. Where is it sitting today when will it move back and how the stories are building the rationality of making more of it.
I cant imagine a better time for the crypto market to drop. This is where you reinsert your profits. There are plenty of stories to ascribe the drop to and if BTC hits 26k we will all get the opportunity to watch it soar. In my predictive thought. Everything can fail. We can loose it all any second. including life. So i'm not predicting a path of failure but i am...
Every day is a news full of misinformation. I do know there is no correlative conversation occurring between the the "market" controlled by the Federal reserve and their behavior, and the market of crypto currency. It seems to me every issue they are discussing trying to avoid with fiat currency and the balloon that value fills, like how to slowly deflate it...
The consolidation continues, the momentum is building the government is not trying to crash crypto and it seems there are no big plays on the short side, which is interesting because that either shows their is heart or there is massive fear they could pull the rug out from under the whole entity. Perilous moments in advancement do not take a lot to knock down....
- i will try to explain how to play cautiously when we are in this kind of incertitude. - i always try to make some posts to teach peoples how to grow, avoiding multiple rekts and i also learn myself from others peoples everyday as well. - Right now we should be in a consolidation phase, but it doesn't mean that we won't get another dip lower, so have to be very...
Fast Update. Everything is annotated in chart. Timeframe 1 Day. - We got a first rejection on 2EMAs (100D-200D) this is an usual correction. - Correction could down to 38k ish (61.8% Fibo) doing a first ABC. - A Breakout could propulse BTC to 50k ish (161.8% FIbo). - Shorts on Bitfinex are going up. still trying to push TheKing Down. - We could sideway for a...
Quick and short update. - Stories like to be repeated constantly in Trading, that's how traders try to forecast the future. - i invite you to research about elliott wave running flat theories. - 61.8% is still the "Golden Number" and we have to always keep it in mind. - Play like a Robot and don't use sentiments, adapt your trading style to situations. - in FA...