Bitcoin - Refill, Tap, Realisation.tart of the wedge - Refill.
Tap on the Wick.
Create descending wedge .
Retest.
realisation of an movement - by the structure, either 5.8 or 11.5
Jeekis
Breaking the Enigma.Representing a possible short line up.
Market starting to show exhausting signs.
V-shape, atleast form of Cup n Handle.
Did we topped? Expect 78.6.
78.6 won't hold -> new lows/double bottom.
BTC- is the bear game coming to an end?OR IS IT ONLY HALF WAY?....
Good evening (morning/afternoon) depending on which side of the waters you live. As the small following probably knows I only turn up when necessary and when the market decides to KABOOM like we saw yesterday its always worth updating people. Many of you know from my previous XRP call dating from May has pretty much been accomplished precisely. A lot of private messages with people losing their calm with short bursts up....remember PATIENCE AS I ALWAYS ADVICE YOU.
So where does BTC stand here, now forget the day trade elements that people try to catch every few hours. This post is , like previous views on XRP, a big picture on how this market looks. Hence the timeframe for these predictions are over a longer period of time , not 5 minutes or 1 hours.
As you can see with the brown lines...theres 2 views and the fact that no one in the market apart from those that control know which scenario is going to play out is killing us.
1. Huge triangle formation with now an 8 month bear market causing several wicks and candles down to the 6k region which seems to have formed a pretty solid floor. Will this floor break is the million dollar question.
2. A huge descending wedge which could slam down soon and cause this bear market to run for a pretty long time, possibly extending to the next year. This would be booooring for alts.
Now a lot of people asking about alts, in particular i look at XRP as it was my best profit last year. XRP hit the 0.24 region i precisely updated last time,but now these alts if we hit scenario 1 could have ALREADY SEEN BOTTOM. As you know weve rallied decently in many alts since 6.3k- 7.4k in BTC. So now this downfall hasnt hit many of them back to their lowest lows yet . If BTC decides 6k is its floor and we bounce from this region then we should break out of this long term triangle and embark on an upward journey.
HOWEVER if the 6k floor breaks then this descending wedge could take us to lows of 3k which would be devastating. SO HOW DO YOU DEAL WITH ALTS NOW? well personally ive tried to find a strategy that i wouldnt mind, with some risk but not high...and as ive responded to many people who asked this question. DCA as advised plenty of times before, started using small % of your capital as greed will REK you. If BTC extends into a dark bear market down the wedge then you can buy with most your capital a lot lower but in case we bounce at 6k at least youve secured some positions and the ability to starting buying in as we move. Remember if XRP is at 0.29, another 0.1 cents drop? but at $3 would you have really minded them small margins? Not really. Youll still have capital and if it drags in to a year bear market then you have 6 months to accept more fiat. Thats my 2 pence on this situation.
This post is to provide you a picture on what scenarios could plan out, use it but dont follow blindly, this is not financial advice and not intended to influence you 100%, use your own thoughts, own analysis and trade with risk management... Because its a 50/50, the bull run can start at anytime youve just got to be prepared.
Finally a big shoutout to JEEKIS who's set up a great community for many amatuers to learn and has provided some great insight for everyone part of his project.
As always leave a thumbs up, trade wisely and stay safe folks. PEACE.
Exit scamHello Dear followers,
Simple technical which i consider as a most likely scenario which will come into play.
Let me tell you something about BTC.Hello my Dear Followers.
I'm Feeling like they might set a bull trap, pushing higher above 7800 up to 8200.
Before the next bear run will start.
Faking the H&S pattern.
Also with same pattern like previous small bullish momentum.
Right now we can see obviously we have a bullish pressure, but all depends how we will react to 7800.
Longer term, attached with planned news i do expect fall in between 3500-4500.
Everyone will be shorting at 7800 and pushing price to 8200-8400 would be extremely profitable for whales. Another bear run from 8200-8400 is really possible. But i have even greater news. Next bear run will be really bad for most of The alts. There is huge possibility that alts Could die up to 60-70% from current prices as BTC will gain dominance. So for us later would be The Best opportunity to buy alts at new crazy lows so we’ll be ready for 10x gains this year!
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.
