


Vold316
Monthly, trending down, below the orange trendline but too far from it, soon it will attempt to break out of the trend, the lower time frames suggest that it will retrace back to it in january or february. But, I believe it will fail to close above it, the 3k low does not look like enough capitulation, I think it will go to low 2k or high 1k.
This time it will take much longer to recover because of the altcoins (shitcoins) bubbles.
Decision making at candle close: - Fuchsia Dot -> Sell at close. - Lime Dot -> Buy at close. - Purple Dot -> Buy at close. - Green Dot -> Sell at close. - Red cross lines, Buy/Sell at breakup/breakdown. - Blue cross (above candle): 1st -> Switch positions. - Blue cross lines: Buy/Sell on breakup/breakdown (If there are 2 or more ranges, use the extremes). The...
Observations: 1. Price forming a long legged doji / hammer, bouncing off 0.786 fibonacci line from ATH to 0, also it's touching (weekly) the bull run trendline that started in 2015. 2. Trading indicator shows that it's still trending down (green dots below the candles, but one daily close above 4.5k and it's over, so it will bounce and try to find where to go...
Up and beyond... or rekt.
Shorting now is a bad idea, but there's no reason to go long with leverage either. Buy and hold for the long term (years) or do NOTHING.
12/11/2017 - 12/11/2018 239% Gains (no leverage), simply BUY or SELL. Interpreted at candle close: 1. Fuchsia = SELL 2. Lime = BUY 3. Candle close break red cross lines = continuation (BUY OR SELL) 4. Candle close break blue lines = continuation (BUY OR SELL) Biggest losing streak 20%, could have been reduced if sold at blue line break. Posted this for...
If it breaks up RSI 60, I will pretty confident that it will reach my target. I'll take some profits around 300 though to reinvest part of it in wave 4.
The head and shoulders in june was the cleanest I have seen in BTC, it clearly marked a turning point, the price never went to lower lows and now its in a symetrical triangle and I think it's going to break up soon. When it does, expect 9k. Do not expect ATH any time soon though, it may go back down and go neutral for quite a while before breaking up major...
I know, there are too many lines and looks like a mess, but they are all important to me: 1. Pitchfork: Pretty obvious pitchfork built using that M shape from 2000 to 2008, currently we broke up the top and shows support lines. 2. Trendline: It has been working as support since 2008, watch for the break down. 3. Fibonacci Timezones: There are 2 fibonacci time...
Bitcoin is still falling and it will take it a few more months to hit the ground. Let's try to catch the incoming knives, and buy some lambos in a few years.
Bitcoin is most likely going to lower lows. Yellow area will most likely give another dead cat bounce in the vecinity of previous low at ~6k. Green area, between 0.786 and 0.886 fibonacci levels (from ATH to 0) is the are in which I expect BTC to make the last dip, in that area you an see the all time linear regression (from 2010, BLX), and the uptrend that held...
Bitcoin broke down an ascending wedge, was rejected a third time of the log downtrend line, and it did not break up the previous high going to the bottom of a channel and then breaking it down hard going down to the 9k area, also it closed below the 50 Moving Average. If BTC does not break down 9k and breaks up the downtrend line, I will be bullish. If BTC...
If it materializes, expect a handle and to the moon. Buy the next dip and set stop loss below the lower low.