FloppinFish

FloppinFish

EMA Ribbon on the daily and across the lower timeframes call for a long, A slow grind up to break through ATHs?

FloppinFish

The Daily RSI has begun to breakDOWN out of it's triangle. MACD still signals weakness with the line crossing under the signal. Most other indicators calls for weak bulls. Thus, I think we're at the beginning of the last (5th) Elliott Wave down. Trading principles says we should at minimum retest 18.8-20K, and quite possibly lower. But I'll be happy to back the...

FloppinFish

She's that mysterious crush of your life. She has her indecisive ways, but you love her with all her flaws. Once the story is documented on that beautiful chart, it all makes sense. . . . . . . Anyhow, weekly candle still has another 2 1/2 days to figure it out. MACD looks to be coming down for a retest. For those HODLers, I hope it breaks up for you. But for...

FloppinFish

Looking at the previous ATH of 0.79 and the ATH of 1.00, OXT seems to be following and bouncing between both fib levels. I'll be keeping and eye on the trend-based fib level of the previous high of 0.79. If volume does come in and history "repeats" itself, I can see a 2.08 OXT coming it. Long term hold (end of alt season), OXT may reach 4.20. Wish I could be more...

FloppinFish

No TA would have predicted this. Just sit back, enjoy the ride and don't get in it's way. That correction will be violent. Good luck and stay safe out there!

FloppinFish

What a wild week it's been. At least for me - the trader who can't put his emotions aside. But I'm learning how to keep those diamond hands strong. I believe OXT has been consolidating since it's high of 0.79. Currently it's looking to break out of the symmetrical wedge. If the 4H candle closes above the previous candle or even better yet, above the wedge, we...

FloppinFish Updated 

I've never looked at the Bitcoin Dominance chart. So I did. I drew a fib from the bottom to the first higher low. The fibs seem to match up. The chart tells me that it's touched the bottom of 35.41 dominance. Then it's worked its way back up through 50% dominance. Then retesting the breakout at 38% before heading straight up to 63.25% (1.618 Fib). How beautiful...

FloppinFish

Lot of calls for a bull run. I wouldn't necessarily disagree with it, but I'm still short long term on $BTC. We've gotta follow the fundamentals and patterns of what charts do. From my understanding, an asset's trading price typically retraces back to the point where it broke out or broke down. So with the Elliot Impulse wave down and the typical ABC correction...

FloppinFish Updated 

...damn, that almost got me. On the 15min timeframe, BTC pushed up 34K for a brief second and quickly came back down with seconds left until the new candle. I had my buy order in at 34000 for the retracement, but canceled it when things started to feel off. Saved my ass. No TA, no charting, just pure gut feeling. Let's see where it goes from here. My gut feeling...

FloppinFish

Ladies & Gentlemen, It's obvious BTC has broken out of it's triangle wedge and is in a downtrend. Some may think 30K is now support. Sure, for the time being. But without buyers, it will turn into resistance by tonight. I also believe that this is wave iii of an Elliott wave coming down. So don't get trapped like some folks did with 32K! The next level down...

FloppinFish

...and tell me it ain't coming back down. Yeah, it's without the log scale, but that's to show perspective. BTC has always retraced back to the start of it's bull rally (except for the rally from $1200-$1700). Say BTC does break to the upside, out of it's triangle - 51K is the last stop before crashing back down. It's gonna happen - No if's and or buts about it....

FloppinFish

$BTC may still go sideways in the triangle, but I'm willing to bet that in a few days, it's gonna dump to 28K, bounce up maybe 8% and then eventually back down between the 24-26K range. This should trigger a lot of buy orders and attempt to retrace back to 32-35K. I've got my buys laddered in with my biggest positions at 24K. Sell targets will be calculated as...

FloppinFish

After $BTC broke out to the upside (confirmed when the 15M candle closed above 35K, I've entered a long position with targets at 37K, 39K and hopefully 41K. In confluence with the Fib retracement levels from ATH of 42K and Fib extensions from ABC correctional wave, I would watch 37K and 37.6K levels to see if the uptrend breaks down. Good luck and trade safely!...

FloppinFish

BTC found a nice support at 30.8K Currently what's taking place is a correctional Elliot wave. Leg A is starting and should end at .5 Fib. Hopefully Leg C ends at .618 level. Then It comes down to retest 30K. My next levels down are 28.5K and 25K. Good luck and trade safe!

FloppinFish

What a beautiful run BTC is having. Have we reached the top? I'm not sure, but I'm certain we're in a short-term correctional trend. I'm looking for it to drop 28% down to the last major resistance. Then shoot up towards 50K. Obviously, I could be wrong and it begins it's upward trend again shortly after I publish this. GOOD LUCK and SAFE TRADING!

FloppinFish

It's the first big wave from 2017 and fib levels you gotta take into consideration. Then the second wave that didn't reach ATH. and lastly, the current wave that has BTC at ATHs. Looking at the three different fibs, I'm gonna guess that BTC hits the 29-31K level before correcting itself to 20K. All the other stuff that will happen in between is anyone's guess.

FloppinFish

WOW. What an evening/early morning. BTC took a dump in a span of an hour, dropping some 25%. It's tested the 0.236 FIB level of the bull uptrend from the beginning of last year. Whether it holds or not, who knows. My guess it'll spring back up to test 7-7.3K...

FloppinFish

Step back. A triangle is beginning to get squeezed to a breaking point. Both the log and exponential graph show similar yet different results. The log graph has a support at 7200-7600, while the expo graph shows a support at 5300-5600. I'm no expert TA, but this should be interesting to watch play out over the next few months.