Corrupt_Economy

Corrupt_Economy

Bearish Bat Pattern. Parabolic Sar flipped to sell. Fisher Transform indicating sell. Fundamentals - speak for themselves.

Corrupt_Economy

Bullish Bat forming. Clearly oversold at the moment. Expecting a retrace to about $17 before buying. Take profit targets as shown.

Corrupt_Economy

Bear Flag break down. Parabolic Sar of this dead cat bounce has flipped to sell. Momentum on Stoch RSI flipped downwards. SELL.

Corrupt_Economy Updated 

A beautiful bear flag is forming. There is potential for a bit more upside over the coming week to about 5600 before we break the flag and start towards our target of 2350; a level not seen since 1996. Clearly way over bought on the daily and the super guppy has gone red.

Corrupt_Economy

Bullish Falling wedge with declining volume. Bullish and Bearish fakeouts have created what is looking very much like a diamond bottom reversal pattern forming. Take Profit 1: 1.195 Take Profit 2: 1.21 Take Profit 3: 1.25 Stop Loss: 1.06

Corrupt_Economy Updated 

Call me crazy but the lowest low to the highest high on this chart history measured with a fib spiral matches the existing downtrend precisely. This also coincides with the current covid world situation from a fundamental viewpoint (millions losing their jobs and selling their bitcoin to pay the bills); and forms a total bitcoin history structure diamond top...

Corrupt_Economy

Bear flag forming. Expecting a rally up to just below 24,000 (this level also coincides with a retest of the weekly 200MA support turned resistance) before the hammer drops and smashes us to a target of somewhere between 11,200-12,200.

Corrupt_Economy Updated 

I think we will retest the 200 MA as resistance and head back down to around 6.8K.

Corrupt_Economy

Looking set to hit 11K soon. We have the breakout of the large descending wedge which gave us a target of 11K. We are now forming both an ascending wedge (bearish) and ascending triangle (bullish) which both seem set to take us to the target before dropping us back to the support of the larger ascending triangle in orange. Supporting move up to target: -...

Corrupt_Economy Updated 

Break out of light blue descending wedge should take us to the resistance of the orange ascending triangle. From there, back down to the support of the ascending triangle is likely. Then up to our target of the large descending wedge (in yellow) which also corresponds with a double top.

Corrupt_Economy

- 8,13,21 bullish crossover of 55 EMA - Bullish parabolic sar - Plenty of fisher momentum remaining to the upside - Recent bullish Aroon cross - Klinger Oscillator about to cross bullish - Accum/Distribution showing clear accumulation - Yellow descending narrowing wedge breakout - Blue ascending triangle First Target $12,000 Second Target $13,100 ( Double Top...

Corrupt_Economy

I hope you are filling your bags cause we about to moon! Finally had the drop down and out of the bearish ascending wedge. We could go lower, to 6310ish but none the less, this is our last stop until moo (albeit next stop is 7150).

Corrupt_Economy Updated 

As highlighted, we could be forming a bearish ascending broadening wedge here. If either of these scenarios play out, then then launch us to 71XXish as per the target of the diamond bottom reversal. They might not play out, however keeping my eye on these as a very real possibility.

Corrupt_Economy

Diamond bottom reversal pattern if we can close the daily outside of the light blue trend line. Might find possible resistance at the light blue dotted trend line, and a subsequent retest of the purple long term down trend line; however the ultimate target would be 7100.

Corrupt_Economy Updated 

The pump to 10K looks set to occur at some stage within the next 24 hours. Longs vs Shorts ratio is the lowest it has been since September 2017. When we had the initial pump to break us out of long term resistance on the 15th, the ratio of longs to shorts remained pretty steady as interestingly both longs and shorts both declined on this pump; this has allowed the...

Corrupt_Economy Updated 

About to enter the short squeeze sweet spot zone

Corrupt_Economy Updated 

So in my previous analysis' I talked about the coming final shakeout, however I had gotten the timing of when it would arrive incorrect (I was expecting it a bit earlier). Alas, it is upon us! There is a good chance we go down lower to about 6K as indicated by the yellow arrows which give us support at the solid pink support line; however we equally might have...

Corrupt_Economy Updated 

Pretty Self Explanatory