Bullshit
Another Absurd Gaussian ChannelThe recent drop has caused this expansion of the channel
What will be the repercussions?
This pair consists mainly of low cap altcoins, we may see huge growth in low cap altcoins soon,
I assume this because the channel is extremely stretched and has extreme room to move
An alternative scenario is we see the death of some low cap alt coins
Its one extreme or the other.
XRP-USD IS BULLSHITHi All,
XRP repeats the same events that occurred on September 21, 2018, the same problem, the same movie.
This currency slept for two years while it was below the red resistance until November 25, when it broke the red resistance strongly, but failed to break the blue resistance and then usually to a sleeping place.
This problem that happened makes traders lose their confidence in the currency, and I was one of the people affected by this currency
This is a big disappointment to us .
I went long from 8,600: Premium/Top accounts are run by CLOWNS.The top posts on Tradingview are mostly written by clowns.
Why? They're mostly using elliot waves on a market that has historically been proven to defy elliot wave logic.
The proper use of an Elliot wave is like a conclusion to an essay, not your thesis statement. Instead of using this complex trading tool, just use a trend line and wait for breakouts/rejections to confirm your positions. I chose to enter the market at 8,600 post dip because their is too much volume and the trendline was broken upwards... TWICE.
Have you ever noticed that the top posts rarely post their investment strategy and almost always opt to go neutral? This is infuriating because their TA is never neutral. They always indicate which way they are leaning and should commit to it even if they are wrong. The sheep following them are being lead to the slaughter while they shrug and say "I didn't tell you what to do".
Follow trend lines when charting bitcoin, the BTCUSD market does not care how "pretty" your bearish gartley and curvy lines are. Halving has just occurred and we are at a wonderful price that nobody would've expected.
Furthermore, my cousin moronically messaged me "bitcoin is going to 2k" the other day. If this were the case bitcoin would be dead, which is one of the dumbest things people continuously spout. I paid for a domain name with bitpay yesterday, it took less than 2 minutes. Explain to me again how bitcoin is useless or dead.
If you decide to go long from here, be careful of bull traps. Right now the market may correct a few hundred dollars and entry can get better. More than likely though, we are about to swing above 10k again, correct, then fly towards 12k. Take profit in the 11-12k region to play it safe. Otherwise just Hodl to your butts.
Cheers everybody.
SHITPERP to $975 and aboveIt's alt season and now is a good time to buy altcoins while they randomly pop off. If you don't know what to buy, an index of the lot is ideal.
Here is the list of coins that comprise the index for $SHITPERP, $BULLSHITUSD, and $SHIT0327:
help.ftx.com
Note that shitcoin in this context doesn't mean poor FA, merely low market cap coins. I like some of the coins as they performed amazingly last time. ICX, XVG, BCD, NANO, XZC are to include a few. Some have yet to pop off.
Price just hit the midpoint of the daily range and the time is past 1200UTC, which has been a bullish trend for a while now.
As an addition if you're bearish, this would be a great long hedge if you're short bitcoin. Check the NVT Signal level right now:
If this proves to be be a bearish level like 2017, it would mean alt season actually has just started and there is more to be made in altcoins vs. bitcoin.
The ramblings of a wannabe trader #184KRAKEN:XBTUSD - Do patterns stop playing out once they are identified?
In one of the concepts of multiverse, every action branches out into it's own universe thus creating gazillions of parallely exisiting universes.
I'm wondering what if, my identifying a particular pattern in this universe, results in creating an alternate universe, where the pattern actually plays out!! Hmmm... That would make me a famous trader in that universe!! Does it mean my alternate version just got a free pass, upon me publishing this chart right now? Is this what "they" call "luck"?!
Ain’t no bull, is bullshit. Yes we crossed the 200 ma on daily, yes we made higher highs on every time frame, BUT why is only one or two coins going up (BTC, BNB) if the whole market is bullish? Last time we were at 11k ether was about 800 a pop, we had a market collapse and then a sudden inflation. I don’t think this is a real bull makret! I expect a massive correction. Bearish indicators show a reversal imminent. If this is a real bull market btc should not have all the money in it. Its a bullish bitcoin and bullish bnb TREND. But not a bullish crypto market. Huge difference. Look at kost of the altcoins, they barely moved since we bottomed. Pretty interesting! Some have suggested this is simply a retrace from ATL to ATH, we’re only 50% there, even a 100% retrace could happen and it could be a “B wave” correction vis a vis Elliot wave theory. I got a few longs in this market, but when we are seeing only one or two coins goin up, I don’t think thats bullish.
20k Before August? 75k Before 2020? So looks like 20k is within sight before the end of next month. 75k before the end of this year. Bitcoin was supposed to bounce around in that channel between the red top trendline and the green bottom trendline for a year and a half. We didn't double bottom we didn't double golden cross we skipped all that and we aren't going to slowly break our 10k 11.5, 13.5, etc resistances slowly over the course of a year. We're going straight back to 20k. IF in fact this same pattern is valid. And I just copied and moved the pattern from 2015/16 market to where we are now. See for yourself.
I was waiting to buy after a correction. But we did not double bottom, and a correction doesn't appear to be possible.
If they can print tether 100% pump bitcoin 200%, why not keep going? Who is gonna stop them?
I don't see any support until 51c! Double Top! And I don't think that dead cat bounce will hold if retested as a bottom.
Nom Nom Nom.....
Now we know why the last 3 Auditors left the company & they failed to report financials, they were ugly!
On Friday, May 31, a solid two months later than initially required, they reported a sh!t show. Then the stock tanked 18% to trade 80% lower than the 52-week highs seen in September last year.
17c by 2020.
After management attempts one last "pump" for edibles with a company that can't even spell chocolate properly, and was accused of scamming previous investors, c'mon.
Time will tell per usual.
LTC King Price Predictions - March - No Bullshit Just TA Hi Trading View Family,
Hope you all are doing well. I am planning on being more active on TV. The reason why I started posting in the first place was to be an honest reference in the market. I think there are more Jake/Logan Pauls on tradingview than it needs to be :P I guess that is the trend of the internet, entertainment, ego and drama. When I first started I watched Sean_Vengan and the like, they posted really retarted TA's (IMHO) yet at the time was a consistent top analyst, now he has fallen into obscurity. Not to mention his ban. Yes, TA's are meant to be taken at your own risk, but unfortunately, people follow TA's being posted, real money is being made and lost. Sadly the latter is truer when TA's are EGO driven vs. properly educating the market.
I am careful when I post my TA's because i know real money is on the line and you can be 100% confident that I put my money where my mouth is, thus, you all can have confidence that I take the time to draft out and think of various options the market can take.
All of my buys points have triggered on both BTC -3.90% and LTC. Both charts have played out perfectly on calls i have set weeks prior to the drop. Feel free to review and follow my updates on my previous LTC TA tagged below where i perfectly drafted the lines and called the market pricings.
For our current TA:
I drew the initial downtrend line on Monday with 0 adjustments (While I was hosting a TA lesson with my group). The market has followed it perfectly. So what we can expect since the RSI is oversold on the 4 hour chart is certain level of price rebound. We can hopefully expect a 20% bounce if we continue to head further south. If the market wants to hit oversold on the daily RSI which it seems like it wants to do we can set up buy positions at $120 - 105 range which i think is the market bottom (two weeks from now).
Reviewing the previous oversold positions on the 4 hr -0.36% chart the average bounce has been a minimum of 20% which i think is a very safe number. I do not think the market is yet ready to enter a full bullish trend yet. Probably closer towards the end of the month or the start of April. Right now with this market we can expect bearish trends within the next two weeks and some positive uptick once the market has been oversold on the daily.
I will continue to post on this idea and LTC is still a solid investment for long-term.
DROP A THUMBS UP, COMMENTS, AND A FOLLOW IF YOU LIKE MY STUFF. ALSO ANY QUESTIONS OR CONCERNS FEEL FREE TO ENGAGE WITH ME PRIVATELY OR IN THE COMMENTS BELOW.
HAPPY HUNTING,
Regalia