I will use this chart to say, "I told you so!" LOL, No! I wouldn't, no matter how tempting it might sound! The world has come to a point where something absolutely of no value or practicality, is priced the most and something of utmost value, completely ignored and discarded. Loud and dumb is the way forward, so either learn to live with it or perish! ...
Since I have a theory that BTC goes into slumber until the 30th of August, is it time for the ALTs already??? ETC looks like a good buy to me!
One of these lines should act as support or resistance.... Go figure!
Absolutely no blasphemy meant here! For my bear flag "BTC - White Flag" idea to play out, this chart is very crucial. And so is the price action in the next 3 days. KRAKEN:XBTUSD
I know you think that I shouldn't still love you Or tell you that But if I didn't say it, well I'd still have felt it Where's the sense in that? I promise I'm not trying to make your life harder Or return to where we were I will go down with this ship And I won't put my hands up and surrender There will be no white flag above my door I'm in love and always will...
"A good trader can hope but should not expect!" - TulpenFieber -What we Expected- When I was a child most nights were long and hard. It was rare that a night was quiet. It was rare that you were able to sleep enough to feel like a human being the next day. But occasionally it did happen. Every once in a while, there were no fires to put out. Every once in a...
The following preview has been aprroved for RESTRICTED AUDIENCES ONLY!! R-RESTRICTED Under 17 requires accompanying parent or adult guardian!! Description: I will not provide a meaningful and detailed description of my analysis and prediction. Walking you through my thought process sounds lame. All the more lame is, putting myself in my reader's shoes (No!!...
On the 26th of July, BTC will find itself at crossroads and be left with the very difficult decision to make, namely, Up? or Down? For now, BTC hangs tight between two inclining support/resistance as indicated in the chart. It also finds itself inside an expanding wedge pushing it further down towards the support trendlines indicated by thick green and red...
Well, instead of breaking down from the Symmetric Triangle as it should have ideally and logically, BTC decided to go up a Rising Wedge!! KRAKEN:XBTUSD
To be crystal clear, I'm niether here to predict what will happen, nor to claim like the many knuckle-heads, "BTC reached MY T4RgEt" or "BTC moved EXACTLY!!! as I said it would (U+1F4A9)". I'm not delusional or arrogant to make such claims. If my targets are hit I'm happy for myself and my viewers and that's it. Humble and polite as it can get! That doesn't...
The bigger symmetric triangle broke down leading us to where we are now. Target of the symmetric triangle, which also coincided with the maximum extension of Elliot's corrective Wave C (which is 1.618 time wave A or "beyond"), was the thick red line below @ 7.4k. Now BTC has formed yet another symmetric triangle trying to break upwards, which if succeeds could...
Before any of you jump up and scream, "That's not how you identify a pattern!!", namely the Bullish Gartley (***which may or may not be in formation***) is just an imaginary depiction to support the case of Scenario 2. Scenario 1 - Bull Trap Scenario 2 - Continued Bullish Momentum Scenario 3 - Bear Trap Scenario 4 - Long Due Correction Scenario 5 - RIP? I don't...
A short term fractal spotted, which if plays out, might break down from the symmetric triangle, leading to newer lows at 8.2k!
"BTC is not out of the woods yet!!" What a ducking cliche to say!!! While there are many analysts forecasting moves up to 12k or 14k and beyond already(though very plausible), it will definitely not happen from the current levels i.e. 10.8k. Two important trendlines on the way up haven't been touched yet and BTC never leaves a trendline untouched! 10.9k area...
I personally prefer to swing trades when my undivided attention is available for trading. Unfortunately I don't have the time and hence a few very conservative swing points with low risk. No time to publish new charts, all the more no clear perspective yet! KRAKEN:XBTUSD