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My previous Bitcoin chart is still valid, but this recent pump has allowed me to identify a pattern that no one is talking about, that we regularly see in the FX market called the "bearish megaphone". The bearish megaphone works great in that there is are long steeps ride down at the end of last upwave, and breakdowns are usually violent (much like ascending...
BTC Bitcoin ponzi
The mother of all doom candles awaits btc. After multi-month symmetrical triangle, you think you are getting a break out to 5k?
Short zone: 3800
TP: 2700
Ethereum has hit many long term resistances, including daily ichimoku and moving averages. While I don't give too much importance to lagging indicators (apart from MACD as I use it as a momentum indicator and to spot divergence), I can definitely say with certainty that bitcoin and cryptos have been respecting these long term resistance indicators during this bear...
After my last epic call on the ascending wedge pattern with the 4.2k level top call, I warned of a big hell candle and we did get a very big hell candle on the daily time frame.
This suggests that big players are still interested in shorting this market and expect to distribute more on perma fools.
With longs still over powering shorts, and the "We hit the...
Noticing a pattern within a pattern -> Symmetrical or ascending triangle within a rising broadening wedge.
I have my eyes on the 4200 level for a short zone. This should complete the bull trap of February.
The XRP Ripple ponzi has had a good ride, especially in this bear market. It has held stronger than most other coins. The same bankers who manipulate this market and dump on your @ss have fed you the lies that all the banking institutions will run like flies to adopt Ripple technology, and find a use case for its xrp token.
LIES!
The banking cartel have now...
Short from 3730
Stop loss: 3820
Take Profit: 2800
Descending triangle being formed on large time frames. Last chance to exit all markets before the much anticipated hell ride to 2.8k!
As we can see, it prematurely broke out of a symmetrical triangle that I believe will end up resolving to the downside in the next couple months or so.
Going back to using ichimoku (have not used this indicator in months), I notice a bearish kumo that is stopping DXY in its track. This makes sense as DXY is very over bought on almost all time frames and is due...
