Eddie_Regal

Eddie_Regal

1.618 Trend based fib extension hit as well as the top of the uptrend channel... :) NASDAQ:TSLA had explosive growth over the last year 850%, but it's time for some pull-backs and consolidation. I don't see how it can go much higher at these levels, especially with most of the momentum indicators on the macro time-frame pegged to the upside... P.s. All the news...

Eddie_Regal Updated 

Will the bears hibernate this winter? Obviously, there has been a lot of comparisons between the 2014 and 2018 Bitcoin bear markets. While the fractals haven't been identical, I think we are somewhere in the red box and will soon start the final capitulation dump. Currently, we're at the end of a massive descending triangle, which break to the downside 70% of the...

Eddie_Regal

I'm expecting a roll over and a final dump to sub $5k. We broke out of the symmetrical triangle in June, and now retesting that trend line to the tick. We are also running into the bottom on the Ichimoku cloud (massive resistance). There's nothing bullish about this pump- just hit a brick wall. If you were lucky enough to buy at $5800 and short at $7500, hats off...