I think until 32k breaks bearishly the bearish gartley is still in play. 32.6k is the fib projection of this move we are in right now. If that holds I think its very possible we go up to 57-59k before becoming the D of a bearish gartley. I have a few different ideas for how this bear market will play out... but I am sure we are in a bear market. I believe we...
Lots of fibonnaci to get these price points. I expect 22k in october/November 2021. 53k again in january/February 2022. 2700$ bitcoin in march for our next "covid crash." Expect it to come up to 20k again in 2022... Then ultimately reject down to 110-150$ in october 2022(for our last covid hysteria lockdown). That will wrap up our great depression. Bitcoin...
So i'm going to get a lot of hate for this... but screw it. It's something I am considering. It's 100% based on real technical analysis too. _________ _________ First off. Bearish divergence. What is bearish divergence? Bearish divergence is when price goes higher and an oscillator does not go higher. Look at 1,2,3 in the picture. 1 is the highest. 2 is...
Looking at the weekly line chart, there are a lot of similarities. The two bold yellow lines are the upsloping weekly candle close support lines. The two downsloping white lines inside the two boxes are the downsloping weekly supports. I copied the 2019 fractal and pasted it in yellow in the current price area and stretched it appropriately to the levels i...
Fairly simple here. I made a fib channel with weekly candle closes over the last 6 years. You'll notice I pretty much ignore wicks and daily candle closes most of the time. That's because weekly candle closes are so much more important. Anyways. I think we are repeating the box in the middle right now. I have 3 color coded fractals that I'm considering as a...
I've re-analyzed and come to a new idea of what I think will happen. Previously I thought we might be in a super big bearish gartley. I think we're not doing that anymore. I think we're going to take a ride down to 24/26k and i think it happens in the next 2 weeks. I believe we are repeating the fractal on the left at 65k right now. I highlighted both fractals...
previously I posted it looked like we might be in a bearish gartley. If we don't hold the .236 at 37,300$ in a few days... I expect 22/25k next month. 22-25k is support below. Fireworks are about to happen regardless of what it does. I'm very excited either way. Timeline - next few weeks.
Lots going on here. Let me explain it easily, i color coded the support levels. First off, the dashed lines. Those are the weekly support and weekly resistances of the 2017 bull run. They meet each other in april of 2022 at 5,100$. They are real supports. Legit rock solid supports. Now, the white line is 11,5k. It is a major support/resistance on the weekly...
I just posted a bearish gartley showing I think the .236 will hold as support at 37,300$ in a week or two. I think near october 4th. This is another lense to look at the market through. Weekly trendlines on the line chart are one of the strongest trendlines to draw. I just posted a bearish gartley saying I think that the .236 at 37,300$ would hold as support. ...
Bearish Gartley forming? It has already made X - A - B. So if any of you remember the stuff I post, I'm pretty much the most bearish person on tradingview for bitcoin. Right now i'm going to post something a tiny bit bullish... but ultimately, it is bearish AF. A gartley pattern is one of the most reliable patterns in trading history. It makes an impulse from...
Okay, there is a lot going on right now. Bitcoin dropped from 49k like I said it would from the bearish daily and bearish 4 hour RSI divergences. Right now you can see I copied the fractal from the 65k top and i pasted it to the current 53k top. I think we're dropping down to the .618 at 38,300$ in the next week or so. .618's are common support levels and...
I'm not terribly sure. I have a range of 22,000-32,000$ for the next month. I'm hoping it only crashes to 28-32k. I can say that looking at bitcoin on the weekly line chart does give some foresight into how bitcoin might be moving for the next few years. Using this chart, 1) the bold yellow lines are the weekly candle closes of the bullish impulse creating...
Okay, follow along. We have two bull markets here in this picture. 2018-2020 and also 2020-2021 (which is still yet to make a bottom). I'm going to explain why we have already topped at 65k for years. I'm going to explain exactly where we are in the fractal. I'm going to explain exactly where bitcoin is going and when. The 2018 bull market above has 7...
I made a post yesterday outlining 2 possible scenarios. I said either 31k or 22k would happen in the next month. If 22k happens... this is what I think happens over the next 5 years. If we come down to 22k next month... we're going to come down to 2500-3000$ in february/march 2022. This signals that we are done making higher lows. We are making a lower low. ...
In my previous post today, I stated that I think bitcoin is topping out around 49k and dropping to 31k in a few weeks. There is bearish divergence on the daily RSI and bearish divergence on the 4 hour RSI. I'm not going to say that 31k actually holding as support is certain as I'm not entirely sold on 31k. I have two theories for how low we crash over the next...
bitcoin is repeating the crash from a few months ago right now. We already had daily and 4hour bearish divergences on the rsi. Gonna top out around 49k to 49,800$ in the next 3-4 days. Crashing to 30,800 in a week or two and staying around 31-36k for the month of October. November 1st we rocket up to 46k around November 24th. 46k on November 24th is the last...
You guys ready for the crypto short of a lifetime? It happens in about 15 days. Bitcoin will be 57,000$ or so. Over the next... 45 days or so... Bitcoin will crash to 9,500-11,500$. I'm leaning towards 9,500$ exactly but I will ladder in buys in 10% increments throughout that range. Are you ready for the united states covid lockdown #2? We're about to do...
I continue to adjust my bear market capitulation target. I have it spot on now. We are in the bear market. Get used to it guys. We're dropping down to 24,000 in a month. Then we're probably coming back up to 46,000. Then we're dropping to 9,000-9,500$. I think 9,500$ on the dot. The stock market will bottom when bitcoin hits 9,000$ range too. Bitcoin hits...