This is how I'm positioning myself on Bitcoin right now based on the Bullish Crab pattern. All technical criteria for the pattern are met, with the exception of the left arm which is shorter than it should be by a smidgen. Unfortunately, there are mixed signals, and if breakout does not occur, we're looking at another round of sell-offs and price drop to the 6k range.
Target 1 from the previous chart should be reached in the next few days. And we're well on our way to meeting Target 2.
Basically, every positive signal is converging at one point, and that is now.
Now that it's clear that we are still in the middle of this crash. I wanted to present the prevailing thoughts on the subject in one chart. Unfortunately, the chances of the crash coming to a quick end and finding our way quickly to the upside, only occur if the price were to drop down to the first red dashed line - ~$6800 (The tip of the right shoulder in an...
Step-ladder up in a predictable fashion in the 15min chart. For the brave, stupid, or both. Be mindful, things could go south on you at any minute.
Seeing is believing. Indecision, FUD, FOMO, have all contributed to Bitcoin switching lanes over and over this month. Going up, going down, descending wedge, ascending wedge, to the moon on a unicorn? This end result of all such possibilities was what I was seeing for the last month. I haven't been able to create a fully realized picture until now. Ladies and...
I think the deficit in my previous Bitcoin charts was that I was using past recoveries/bull-runs as a template for what was about to happen. Unfortunately, I believe the game has changed. We are still on a steep upward trajectory, and we will be increasing our pace on that incline that journey as it progresses. However, due to the speculative nature of the...
Ladies and gentleman, Bitcoin says, f the slow lane, I'm in the 'Moon on a Bitcoin plated lambo' track. Omg.
One of the reasons I like the 15min view is that you can detect minor patterns that may be building to create a bigger one, before the bigger one actually forms. We're no longer in danger of falling through the point. In this case, I was able to determine that at the 15min view, an inverse H&S formation was about to form, and that the opposite H&S formation...
200 SMA is providing firm support. Depending on the position of the 20, 50, 100, and 200 SMAs in the next few days we'll know what we might be looking at in terms of upward channel, that is if we don't fall through the point of death (but I'd bet my left nut that won't be the case). Right now there are 4 distinct possibilities I see for reaching 12k. The Green...
Set in stone, my friends, set in stone.
The focal point I wrote about in my other posts is now showing up everywhere in crypto. Take advantage.
I keep coming back to the same numbers. Using all sorts of different methods. So, while it may seem improbable, it's not impossible.
A less eye-straining version of the Ripple chart.
So I got into this forex thing after the predictions that MagicPoopCanon was making and how accurate they were. I think he's probably the best, at least in terms of the limited number of chart's I've seen. However, in trying to go through his latest LTC post, I found something interesting. Going back to the Bitcoin chart confirmed, for me at least, what I was...
Fixed the details. Trendline remains at 47 degrees.