Okay, first, I accidentally deleted the original post and didn't copy the description, so this is the second time writing this. Second, follow me on twitter cause I kill it with the short-term updates on $BTC and other coins (@CryptoEball). Okay, now that the self promo is over... Dear Verge, Verge. Oh Verge. Oh how I love you. Your marketing techniques are...
There's a lot going on on this chart, so don't worry, I'll explain it. You guys already know how bearish I am, and that I do believe BTC will hit the lower trend line of this triangle again and bounce before we hit $5k and bounce again. BUT, I'd be doing a disservice if I didn't consider this bullish view. I've been working with bullish scenarios and seeing which...
This is a different type of analysis than what I usually do. But as mentioned before, I did recommend considering taking profit in the market if you are a swing trader. The related article is more information backing as to why I think that should be considered. But now I'm gaining confidence that we are going to fall. CHANNEL: Here I show the channel trend....
Long story short. I think it does. I have already recommended consideration of taking profit in this market. I've showed these signs for a while, I'm just continuing to make note of it. I saw way too many analysts and media get ridiculously bullish just because we broke a little trend line... NO. We've only jumped 3.5k points in a whole MONTH. We jumped 5k points...
Hello. Welcome to some random guy's educational post on Tradingview - who thinks he knows enough about trading to teach other beginners. Whether you are a beginner at trading or investing, these tutorials will help you tremendously in gathering a basis for your interest in this game. Because in fact, this is a game. A game of wins and losses, how we manage them,...
So, right now I'm seeing so much bullishness formulate around the crypto market. Most of the time that's a good thing. But there seems to be this over-optimistic attitude a lot of people are having, calling for moon shots. This isn't just with Ethereum, it's with everything. My 2018 BTC target is $3k and even I was getting pretty bullish here. And there is...
ETH has formed a bullish pennant here. it's pretty straight forward here. The market will follow what Bitcoin does within the next day or two. If Bitcoin breaks up expect ETH to follow its lead. If Bitcoin breaks down, expect it to follow as well. If you want confirmation on this trade, then I'd wait until the resistance at $710 is broken, or even to the upside...
Personally, I'm still Bullish on BTC. We took the red pill option (see related idea) and we're currently falling to our support box. I'm favoring the chart on the left. Because all this looks like is an ABC 3-3-5 correction. I'll go over the indicators and how they are fairly bullish in a few updates, but as mentioned... I still think we fall harshly after the...
The question across all major coins are, are we done with wave 4? Based on examination of the wave counts, we have to assume we are, until the wave is failed. There is clear indication of 5 wave structures forming currently. Counting this current run within wave 4 as a B wave is invalid (due to the 5 waves). SO, the only way this correction could continue is a WXY...
First off, I've never even watched the whole Matrix movie. All I know is, is that some guy chooses between a red and a blue pill... and it sounds cool. So, Bitcoin was suppose to have already jumped up and been on its way to hit our $10.5k target and we were suppose to chill back, relax and drink Mimosas while our bankrolls continue to roll in. BUT, Bitcoin is an...
Alternate counts and updates coming! We noticed the accumulation phase going on there and decided to mentioned buying on the breakout of the last post. Despite there being bearish signals on the 1 hour chart, it broke from the resistances. But, our target is now raised, and we will continue to look at taking profits at each swing high until our mark at...
You probably wish you held onto that BTC long position after you sold it for a few position points? Or wish you went long in the first place? Why? Because you were waiting for a pullback... But we never got it. The question is... WHEN IN THE HELL DO WE GET IT? So check this out. In my big analysis, we all know that our main target is $11k or higher, we're...
An alternate count will be coming as an update after this. A break above $730 would invalidate this count. But as I've been showing the indicators, we should be finding a correction to this bull streak soon.
Keeping this post short here. Bullish pennant should take us to $575 based on fib extension. Due to overbought conditions on higher timeframes, we should see a heavy retrace to the .618 fib line at $443. Overall, my bias is bullish for these next few weeks.
Alrighty guys... Let me get this out of the way now: BIAS: Long-term, I'm still freaking bullish on ADA. If you are bullish on this MARKET in the long-term, then you have NOTHING to worry about with Cardano. It's a legit project with a lot of hype behind it, and it's just finding itself struggle because it was SEVERELY overbought and then dragged into a bear...
Sorry if this chart is too busy, but Jesus... My initial target was $5k. But because the bulls have managed to hold onto it for dear life, they've validated an ABCDE triangle and have widened themselves from our most important support line. That is literally the worst thing they could have done. If the bulls had just accepted the loss, we could have dropped. hit...
So first of all, let me get this out of the way. This is not to build FUD. This is just to show similarities in the two major Bitcoin drops of all time. I'm not using elliot wave analysis on this, but just price action and indicators. I'm using these comparisons to see if we can break the trend of the first drop. But I'm using it as a reference to see how we...
First of all, I don't even want to get into ETH in terms of long term. Though these may be the lowest levels you see ETH this year, I wouldn't expect to see it go to any higher highs this year. I've recounted and instead of getting the expected extended 3rd, ETH's 5 waves are done, and we are on to a primary correction. This could honestly take up to a year,...