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Note
to add weight to this theory we need a red weekly and a red monthlyNote
NOT TRADING ADVICENote
Second part of theory is that alts are lagging do Q3 2019 is alt season in this modelNote
would need1.weekly close around 10.7
2. monthly close around 8.3
to add weight to the theory that bitcoin is adhering to typical bubble cycle
Note
on the weekly we got a green candle after the spinning top, there was a precedent set circa august 2017, the weekly dip might come later in the monthNote
if this a green month we need to rethink the hypothesis, target at present EOM is 8k; but this is a high risk zone for shorts and longsNote
things seem to be playing out if so next week should be pretty good for altsNote
eom target 8.7kNote
btc has prolly dropped to hard for most altsNote
some alts look ok but i think we can forget a pan market alt season, currently looking at xvg,zrx,etc,lsk and a few others also checkout AmjadsidNote
8.7k target eomNote
monthly didn't close as low as we wanted but little has changedNote
all going to plan just a bit slower than expectedNote
Monthly and weekly looking awful as expectedNote
well we nailed it just took a little longer, it's going real lowTrade closed: target reached
Note
Well look where she bounces. We'll see what's what after 11k and alt season. K Noobs.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.