Update on GOLD $GLD Price action looking to complete the right hand shoulder pattern. If we do complete this and not breakdown further, we are going back to the 2020 ATH and on target for a run to $2500 - $2900.
Cartel
A massive sell off coming up, 50 % dropBlue lines are the average of BTC's most boring days. We stayed at 6400 for 2 months before it dumped to 3140, so let's say an estimate of 50 % drop. Now the story looks very similar, from 24th November till now we've been hanging around 3680, few dollars up and down which is caused by bots trading. So I can think of only one outcome. Another 50 % drop which will take us to 1900 support. I also used a triangle (pink lines) to make it more visible where we are at right now. My gut is telling me that a massive sell off will happen at the start of next week. I've been sitting in Tether since 4100 so let's see how this plays out.
LTC/USD Head and shouldersAt this stage, the LTC performs its shape of an inverted head and shoulders well, after a repeated test of breaking resistance, rising to $ 47-49
for a more accurate forecast of price movements, join our team where we select 13 traders to build a company:
13cartel.com
6 BITCOIN CYCLES + CURRENT SITUATION + FUTUREI have analysed 6 Bitcoin Cycles Since 2013 and found some interesting facts which relates to the current situation and the future.
1. We had 3 Triangle Correction Patterns and 3 Zigzag Correction Patterns. Triangle pattern or ABCDE correction completes near to the Support line drawn from the start of the Cycle. Same happens with the Zigzag correction pattern
2. E Wave of ABCDE Starts slower and crash towards the Support line mentioned above after the major support line is broken (See Red dotted line)
BTC CYCLE 1 E WAVE:
BTC CYCLE 2 E WAVE:
3. If this applies to the current cycle then crash will start around 7k
BTC CYCLE 6 E WAVE:
4. New cycle will start with Impulsive waves 1-5 once the ABCDE correction is completed
BTC CYCLE 2 STARTS AFTER E WAVE OF CYCLE 1:
BTC CYCLE 3 STARTS AFTER E WAVE OF CYCLE 2:
5. New cycle usually starts July-August and Ends in January or the opposite
BTC CYCLE 1,4 & 6 Started in January and Ends in July/August
BTC CYCLE 2,3 & 5 Started in July/August and Ends in January
MORE INFO ABOUT THE 6 BITCOIN CYCLES (UPDATED 6/6/2018)
Summary:
snag.gy
Jan 2013 - July 2013 (CYCLE 1)
July 2013 - Jan 2015 (CYCLE 2)
Aug 2015 - Jan 2016 (CYCLE 3)
Jan 2016 - Aug 2016 (CYCLE 4)
Aug 2016 - Jan 2017 (CYCLE 5)
Jan 2017 - July 2018 (CYCLE 6)
According to the Average change% = 1000% + average days for impulsive waves = 159, we can expect Bitcoin to reach 50k by Jan 2019 as Bitcoin is heading towards 5 - 5.5k.
Note this can only happen if the CARTEL don't suppress the Bitcoin price.
RISK DISCLOSURE:
Please note that this is purely Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences
WILL THE "CARTEL" BRING THE BITCOIN BULLS BACK ON JUNE 6TH???As we already know that we have 3 major dimensions in bitcoin market which is
1. Technical Analysis
2. Fundamental Analysis
3. Manipulation
For Technical Analysis I use Elliott Waves (EW) with other Indicators to double confirm the trend
Fractals
Candlestick Patterns
Moving Average
Volume Profile & Bars
Rsi & Stochastic
Support & Resistance
So apart from the Technical Analysis there is a 4th Possible Dimension called "Cartel". The Primary Goal of Cartel is "Price Suppression" and it is not manipulation. Credit goes to this article here: medium.com
But always do your own research before believe in anyone or anything and that's the way i think is the best so that you don't have to blame anyone or anything and you take ownership for your own decisions
Have a look at what happened since CME Futures Started. Every 6th of the month Trend changes the opposite direction and one week before CME Futures expires.
You can find the CME Future Expiration dates here: cryptocalendar.pro
So do you think CME Futures is part of the "Cartel" ? It doesn't matter for me but this helps us to understand something going on every 6th of every month since CME Bitcoin futures open on 17th December 2017!!!.
Its not a coincidence that Every 6th of the month Trend Change the opposite direction and with the EW waves count i have done the last wave exactly ends on 6th of June. All the Best for everyone on June 6th 2018
RISK DISCLOSURE:
Please note that this is purely Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences
Want to know where bitcoin is HEADED?Hello everyone,
hope you are having a wonderful day.
With BTC chart, we are right now in re-testing zone of 8800, where we re-tested 3rd day in a row and did not break through.
We can see lot of tries by bulls to get back in the mood, but as you can see by the charts, bears have more power in this area.
By my info, we will soon spike to around 7800 levels, where i will place some trades for a few hours to get some free % on correction back.
But in meantime i will be full in FIAT because i expect consolidation to 6650 levels where bitcoin is headed right now.
We could be seeing push to 5500 if BTC will be weaker.
For XRP im awaiting pullback to around 0.30$, where i will be acummulating because of my information what will happen this year. You should do that too.
In this position i would be very careful of putting any trades.
Consensus will mean nothing to BTC. You can call it non-sensus.
Wish you best luck in trades.
Manipulation and big bear reversalAs we are crossing back to 8000, we can see lot of people getting back in. That's all about it. About manipulation. We can see BTC pull back to 9000, but we have to see again levels around 5800. If we won't sustant this level we will pull back lower to level around 4500.
As for now, EMA 200 need to be re-tested as FIBO 61,8.
Now for LONG, and at higher levels closing all positions.
I'll keep post updated.
Bitcoin Price Manipulation - How to Trade the "Cartels"Price manipulation by large financial institutions is something that not only has tangible evidence in the US Gold + Silver + Uranium markets, but it is something that can be measured easily in crypto for several reasons. In a traditional market, "real" volume is difficult to measure. There are many mediums the order travels through before finally being reflecting in the actual asset's candle on a chart. However, in crypto, where the instantaneous back-end exists, orders can nearly virtually be reflected in a candle. It becomes difficult to fake volume. The real answer lies within synthetic volume indicators like the KVO. The institutions are not stupid, they look for significant technical levels to make their price movements look more realistic. As soon as they painted the price into a commonly traded pattern by pattern traders and novice analysts, the volume flooded back into the market. The wedge has also been carefully painted to cross and ultimately resolve around critical volume levels. Stay woke.
