badbeatnuts

badbeatnuts Updated  Feb 24, 2021

Bear case: MA50 above, resistance zone MACD about to hit 0 level (typically it acts as resistance from below and could turn down) Hbearish divergence but thats pretty normal with such moves and bearish megaphone line (if this is even a thing), probable Wave 4 of elliot correction Bull Case: I do not see any technical bullish signs except for the strong bounce...

badbeatnuts Updated  Feb 23, 2021

I would like it to hit the fib level and showing an oscillator divergence, that is when you should load the bags. For now, it has to test the previous resistance, be rejected, head down and then accumulate for a while before moving up. Otherwise, it would lower fib levels.

badbeatnuts Feb 23, 2021

Good retracement to MA 50, middle of channel and near black trendline support. An ABC correction can be seen following the wave theory. It could fakeout below the MA50 for a sec if BTC does a fakeout as well but it should be up, up and away from here.

badbeatnuts Feb 22, 2021

First bearish signals can be seen. Reverted from resistance zone on this oscillator divergence unlike the previous run. Now testing the MA. If the MA fails, which it hasn't for a long time, further downside is to be expected. If it bounces back to the red zone and reverses from there -well, defo correction. Either way, it would make sense to take some profits...

badbeatnuts Feb 20, 2021

BTC had its push (if it is finished). It should gravitate within this region for sometime, allowing alts to regain some satoshis back.

badbeatnuts Updated  Feb 19, 2021

As I am writing the test was successful, if it breaks above the blue line, further gains can be expected, otherwise, a potential downwards move like this one: Light a candle to whichever god of longing or shorting you report to and keep calm.

badbeatnuts Feb 17, 2021

Alright, a lot of fear in this one but I gotta say, when you could pay the SEC but you prefer to pay lawyers to embarrass them instead, you are just a bad ass cowboy. I am no legal expert but I do know a thing or two about unwanted assets and the value you can get when no one dares to look at them. So, yes, I am net long on this one regardless of what the fuck...

badbeatnuts Updated  Feb 16, 2021

So couldn't stay above 50k for long, went down quickly and bears are piling it. BUuuuuut, what if it actually traps the bears now and shoots up double crossing all the CIA agents?

badbeatnuts Updated  Feb 10, 2021

I hope it goes that low but indicators need to reset before next jump. I doubt it will go this low if everyone is expecting it to go though.

badbeatnuts Feb 6, 2021

Seems like 5 waves were completed into structure resistance. Good place to short a pullback / reversal.

badbeatnuts Updated  Feb 2, 2021

Popped below the blue box and now above, if it goes back it should retest low and high of the box before ultimately making a larger move down. Currently sitting in a pretty dense resistance zone from descending triangle / descending wedge and green box previous support now turned resistance. Who will win?

badbeatnuts Jan 21, 2021

Perhaps a false breakdown from triangle before impulse up before ABC correction.

badbeatnuts Updated  Jan 15, 2021

On the chart - not sure if this would be going down having finished wave 3 at the massive resistance for wave 4 before wave 5 or this was a wave B before a large wave C down. I would prefer a retest of previous lows to load some more and I think institutions would like that too. So watch out for tweets from famous fund managers saying price is overinflated as it...

badbeatnuts Updated  Jan 11, 2021

It has cleared the descending resistance line on the 4 hr chart. On the 1d chart we have the MA acting as immediate resistance but if cleared, then we could expect an easy 60% move from here. Factors influencing: 1. Stock market hangs weak and if it goes down, it may drag BTC down 2. If BTC goes down as it did without altcoins bleeding much, XTZ could go up...

badbeatnuts Jan 7, 2021

A very volatile market, one day you have BTC engulfing the market with dominance raising fastly, another day you have alts catching up while BTC is also raising. This parabolic, now vertical BTC rally would most likely end is tears when it corrects. Looking at the altcoins, I couldn't help but notice this XMR symmetry. Currently sitting at support from a long time...

badbeatnuts Dec 22, 2020

I am looking for wave B to complete as it is over start of wave A and a wave C to follow down as per the chart. Currently within the 1 - 1.27 fib zones where I am looking for reversals. If it doesn't happen, BTC will go to 80%+ in next months.

badbeatnuts Dec 9, 2020

ABC movement was perfect fibo, so maybe we go down from here, latest trendline support was broken on 4hr, candle should close soon. I would take profit on winning positions and wait for the day/ tomorrow.

badbeatnuts Dec 7, 2020

The 1.618 extension is fairly close, the indicators lack conviction and the price has been crawling up on low volume. I think we should go down for a healthy correction to test the market psych. I would slowly start booking profits here and there.