This is our capitulation target now. The 1.618 stretched a little lower after bitcoin went up a few percent the last few days. Is 10,500$ a believable bottom to you? It is to me. That was our double resistance in 2019. Do you believe it's impossible we crash that low? Fibonnaci says its possible. The last time bitcoin did a 1.618 capitulation we had a...
4 hour chart looks like pure death. Double macd bearish divergence. Rsi at the 70 level making repeated bearish divergence. On the underide of that trendline. Bitcoin needs to get above that trendline to be bullish. Underneath it is just bearish foreplay. Watch that trendline if you're bullish or bearish. Its the key thing to watch right now. I'm king beartard...
How low will we get before you realize we're capitulating? You'll probably sell after it bottoms thinking it's going lower (it actually might. i can't say i'm 100% certain 11,600$ is the bottom. I just suspect it is). Anyways, enjoy the capitulation guys. The top is in. The crash is set. It'll crash slowly through the rest of october. Basically starting...
When markets capitulate they often make a 1.618 fib extension from the previous swing low swing high. The 1.618 fib extension is referred to as the Golden retrace because of how amazingly powerful and accurate it can be. The two white arrows on the screen are the swing low and swing high from recent months. Anchor the 1 of your fib bracket to the 28k bottom....
Harmonics are beautiful things. But what are they? Harmonics are repeating patterns that can be found in markets all across all markets. They represent repeat patterns of human psychology. The gartley is one of the most reliable harmonics that there is. The gartley harmonic starts at X. The first impulse location is referred to as A. It typically does a...
I believe we are repeating the market structure from 2019. I believe we are at the PEAK before the final crash. Right now. We just completed a bearish gartley at the D. Now all that's left... is bitcoin crashing. The yellow trendline is a daily candle close trendline dating back a few years. I feel that this is what the market will bounce on and it's aiming...
Fibonnaci is amazing and can be used in infinite ways. This is one of my favorites. I knew 56/57k would be the highest it could go weeks ago. I just didn't know when or if it actually would make it that high. I knew it wouldn't go higher. Here's why. Look at the bottom white arrow. Use regular ribs, not exponential fibs. Anchor the bottom of the fib...
I see an opportunity for doge to drop to 9 cents in mid October... i think it'll be 40 cents or more by end of October... Horizontal support coupled with downsloping daily candle close support. Also bitcoin being in the same part of its bitcoin cycle in mid October as the last time doge went nuts like that. Then... in November... the bear market really ramps...
We just made the D of a potential bearish gartley . The 3day chart sure says we are primed for a crash. 3day chart is showing divergence on 6 oscillators right now. Macd , histogram, rsi , stochastic , MOM, MFI . I reiterate. Six different. It's the white arrow on the chart on top. I think we're likely at the 2nd "65k top" right now. The daily RSI is at the 70...
Comparing the US dollar index to bitcoin is very helpful. Bitcoin often does the opposite of what the DXY does. This chart says the bullrun is over. Let's dive in and compare. The blue verticle lines on both charts are the day that bitcoin peaked in 2017 and when bitcoin peaked in 2021. I lined up the DXY(us dollar index) up with bitcoin so you can see the...
using the two white arrows as 0 and. 5 fib locations from a few months ago... the 1 extends to basically exactly where we are right now. The yellow arrow is the target of that extension. The yellow arrow is the D of a potential bearish gartley at the 786 area of the macro structure. Daily RSI at 70. Perfect oscillators for a dump. Will we dump or moon?...
I'm waiting for bitcoin to make a pattern like this. If it does this? It's going to make that capitulation in november/december like the march 2020 covid crash. I really think this crash is coming because of multiple reasons. The S&P500 made it's first monthly bearish engulfing candle in 3 years. President threatening a meteor to the economy if republicans don't...
it sure looks a lot like the arrows down below. Remember 10.5k resistance in 2019? It double resistanced us back then down to 4k. Will that repeat? It sure is a huge psychological number... If this repeats, 22k is next (or maybe lower)
My emotions tell me to be hyper bullish right now... That means yours do too. Historically... emotions never work out. So turn to the indicators. What are they telling me? This indicator pattern sure looks a LOT like the moment before the dump down to 28k a few months back. I think it's quite possible we are in the biggest fakeout bull rally ever. 1) The...
if it follows the same percentage gains as the end of the 2017 bullrun bitcoin goes to 200k by December 15th. Not saying this will happen. Just showing what it did before. I'm more using the fractal as a time guideline than price as to when I will ditch bitcoin and go all into doge. Yellow vertical line is october 1st. Just a few days ago. Blue vertical line...
Below is an image of the 2017 xrp bullrun half way through the bullrun. Look how doge made similar peaks and valleys in the same months as xrp did in 2017. Look how similar the moving averages are too. Using a fib extension that predicted the xrp top... doge peaks at 9$ around first week of January.
looks to me like doge might drop a bit lower before going up. Next spot of support beneath us is the 886. It matches with the falling wedge breakout in a couple days on both the lower support and the upper resistance line from it. 18.13 cents. Might not happen. I think it likely will now. Things looking rocky in the price cluster were in atm. If it does...
it already broke the falling wedge on usd price... but hasn't done much... why you ask? Its about to break the falling wedge on dogebtc pair. It already had bullish daily divergence on the daily at the 30 level. Blastoff happens once we're out of the falling wedge on the btc pair...look at the arrow.... it's right there. :) 62 cents happens if btc tops out...