cryptothick

cryptothick

Looking at the weekly chart, we are approaching strong support at the 50dayMA level (thick green line).. Next level of decent support if that does not hold is around 17k (agh!) ... MACD and Fisher Transform are looking to reverse soon, however the volume of activity will determine the magnitude of correction. I am not too hopeful, as the Elliot Wave...

cryptothick

Not looking good ,expect more downward action as our new floor is looking around 17k here. Short Short Short!

cryptothick

Sorry, the thing kept telling me my title wasn't in English so idk wtf to do about that. Stupid broken thing. Yay technology. Anyway, BTC looking like hell here. If we don't see a golden cross soon, its not good at all. So take up your shorts if you feel a bit adventurous. If the price falls any lower, you can be sure that support has failed and...

cryptothick

So, looking at elliot waves, it seems we have just about completed the 5th wave of a downward trending cycle, so we will see a correction in the form of 3 waves (up, down, up) ... of note: watch for the Golden Cross during this correction which would indicate a trend reversal, putting us on a 5 wave bullish trending cycle and possibly the moons of Jupiter. :P ...

cryptothick

Fixed the channel lines and added a reversal / pump estimate of when to go long if you do not already have a position. :)

cryptothick

So just updating with some wave analysis etc.... still calling it long. Waaaaay Long.

cryptothick

Just looking at the recent crosses, this thought comes to mind. Perhaps see a nice spike in mid-late april. As long as the trend stays bullish, which I think is a good possibilty with BTC given its response history to death (and golden) crosses. your thoughts?

cryptothick Updated 

So , here, speculation, but I see a typical and many times repeated 3 wave correction during downtrend. Then we see the initial elliot wave I, with the wave II correction currently in progress. I'd like to be optimistic here but form what I know, and my 100% accurate history, I'm sorry to say, there is a good chance we still have not hit bottom, looking for...

cryptothick

Breaking of Band, Head forming on H&S, Elliot Wave V (Downtrend) ... SHORT! (maybe ;)

cryptothick Updated 

Appears the resistance is very strong here (see 2018 post spike) and not sure we will see it break through before a decent correction. Fisher Transform is showing around +2 (i think) .. so stretched a bit. Lots of questions but this is just an idea, would appreciate any input on my Elliot Analysis, not sure if I even have the wave pattern right tbh. lol

cryptothick

Another Elliot Wave configuration I have considered was the possiblity that we now enter GRAND Supercycle Wave ((V)) ... hmmmm...

cryptothick

I kind of see what looks like head and shoulders to me. I can't call it yet. this might be not so good.. short up on wave ((b)) but then long gradual slide of ((c)). d.stockcharts.com