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Collaboration with hkh222.
Here's an extension of my previous BTC chart incorporating the insights offered by @D4rkEnergY and @MagicPoopCannon in their respective BTC and LTC posts. As D4rkEnergY predicts, we will be exiting this triangle up to hit 8800, before getting smacked back down by the mystery black resistance line from discussed in the previous post. That will finish the top of...
Cup and Handle will give way to create a bigger Cup and Handle.
So, I promised my followers that I would stop putting up charts if we didn't make it up to nearly 12k today. So, this may very well be my last chart. This is the basic outline of how I got to that number and why I think we're going to moon, if only for a little while. I'll add here, despite all the bs I toss out in my comments, that I'm a total novice and I've...
All three patterns work within the confines of the Big W Pattern. With the differences being whether the 4th fractal exists at all and whether we are about to escape from the symmetrical triangle portion of fractal 3 now, or much much later. When I look at the other coins poised for a big breakout, I can't help but think that the red overlay is out, but then I...
Sub is breaking out and moving towards the first target. Price targets are shown in blue dotted lines. Expected time periods to be within a margin of error, dependent on the overall interest in the coin. Price/timing are based on fib and trend lines. A lot can happen within the triangles in between targets, if you're working with minimum funds, you probably...
I do believe we'll reach new heights, but then... prepare for bubble #2, even bubblier.
You've been warned.
The destination is clear. The path, not so much. If Bitcoin elects the last path, the one that entails a dip down to 7400. Then the Big W pattern has failed.
Oh wait, that was me :D
Here you go guys and gals. I wanted to wait until I would come off as less of the crazy bullish guy. Now that DarkEnergy has put up a post about SPY crashing, check out my 'Recession Commeth' chart posted on 4/2. I saw what he's just now seeing a month ago, but I came to a radically different conclusion. We have bull pennants forming across multiple...
When everyone was telling you that we are dropping to 6k, Rainman told you that breakout is imminent. What happened? Now everyone is telling you BTC will take a dip, well Rainman says no, no, no, no, no. At least not yet. The fourth fractal has awoken and ain't no one gonna be stopping this party.
I'll just get to the basics of how I'll be trading, or not trading as the case might be, for the next few days. Since there are people probably on edge from the failed drive up yesterday. Then in the comments section later, I'll elaborate on the possible paths once we are out of this current patch of sideways action, and per request, my reasons for continuing to...
Fortunately, I was able to get out before the throwback after noticing the beginning formation of the Big W or Adam and Eve Double Bottom. Expect the price to slip for another day or two as it consolidates to form the bullish pattern. The Big W pattern starts off with a pretty distinct cypher, although it's not a named pattern per se, or at least that I'm aware...
Please read over the comments in my Go Big or Go Home chart for a better understanding of the Big W, current fractal formations and where I think we're headed. At the very least you may want to look at the picture of the smallest fractal provided at the end of the comments section. The fractal pictured is the middle one of the fractal patterns. I am predicting...