Every day people thank me for my educating them, reporting each exact pivot from LOD to HOD to down to the minute, never have I upset so many people as I did when I tried to educate the to the technical damage that they do, when they "act the pawn" by assisting paper in taking down bitcoin as an alternate economy. in 2000 when the dot.com bubble burst, I wanted...
We have broken free above the 4 hour upper Trendline, and we got a reversal off the 200 DMA / EMA. I'd like to believe we can rally in the next 2 days to the lite blue 50 DMA ir even the darker blue 100 DMA. If you study the chart patterns, you can see 4 "4th wave like", counter trend, corrections, London is taking us down as I write, but if the pattern repeats...
yes a little, but let's take a look and see. I suggested everyone exit at H4, where I did @ 83,486, we went down on a vicious and very fast .786 retracement of the up move, almost 100% of a loss if you had stayed long to wait and see if we went higher. Not many would have gotten long there @L3 IMO not after such a visious selloff led by paper, but Paper Stepped...
let's say for example you bought 50 shares of BITX (bitcoin 2X bullish) on March 07, at Pivot for $45.50, and now you along with a lot of other longs are trapped. Each time the market rallies other bulls get out at a loss on every rally. Causing another downturn.. trapping you further. IF Your strategy is like mine so you won't close the trade in a loss, but...
Let's examine how a head and shoulders is usually formed by a wave 4 and 5 and an A & B wave, the C wave is the sell off after the head and shoulders. I use this pattern to predict a head and shoulders AT THE RIGHT NECKLINE. In this case 90 minutes in advance.. So 6 X 15 minute candles in advance we can predicted a H & S and a selloff, sound valubale? if...
First was this news to take us UP to 5th wave high: www.tradingview.com Then the Wall Street insiders I call the Bilderbergs or paper, took profits, starting at 9:30 AM EST 2 days ago. www.tradingview.com The Value of AI, Globally didn't change... Some of the Insiders took profits at an all time high, a rally that took TEM from $30 /share to $90 /...
We will reverse by 91,530 S5 or 87,668. Probably the4 first one, and within 7 hours... Based on Elliot Wave Theory and the daily Pivot Point range. I listened to the folks in the Cryptocurrency room and heard things like, "we will never reverse" all doom and gloom, it makes me feel like I have wasted a. lot of time trying to teach Traders about how the markets...
ONCE THIS 4TH WAVE COMPLETES We will have a LONG opportunity for Wave 5 of V. Waves 1, 3, and 5 are impulsive In the trend and complex, containing 5 waves inside the fifth wave. Some Elliotitions only trade wave 5, I have seen 7 waves, 9, waves, even 12 waves in the trend direction, UP, but these are extraordinary. day traders pay attention the reversal / PT...
Since January 27th at 6 AM we have completed 4 Elliot Waves. Which i have labeled on my chart, using OpenSource free pine Indicators. Wave 5 potential highs are labeled on the chart ranging from 105k R5 to 111K R6 in the Pivot Point range. What have I learned over the last 3 months of trading Bitty? Bitty is obviously way more volatile, meaning R6 and S6...
Those of you who follow my posts will remember I have been predicting a C wave down, since the Christmas Rally that Retail ETF traders weren't allowed to participate in (The CASH Markets were closed). The ABC wave down completed last night at S6, an extended level I watch using CD_Camarilla_All Levels Indicator. We should have a huge rally today. BTCUSD has...
On the blue C wave targets on the lower right. This is meant to teach EWT elliot wave theory, to give not give trading advice. There is a corresponding Video Idea that goes into more detail. I will update the idea during the day tomorrow. I''m planning on buying with both hands if BITX /BITC go down on a 28" C wave. any rally will be over by the 1 AM...
Many retail traders wander around in a fog asking others "are we going up or down, short or long?". If you don't have a trading plan for the day, much less know the direction fo the market.... Traders who know will take your money... Don't come to an automatic machine gun fight with a butter knife. Compare this set of 5 waves up followed by an ABC down) to...
we are in an EWT Diamon d Top formation in every indices, every stock, bitcoin , and gold have all had similar diamond tops i feel the recession is finally here, FED be damned. They always cause the problems. all the FOMC does is screw up the market everything has had a diamond top, prepare for the bear blizzard This crazy rally reminds me of Custers last stand
on the left hand side we see a series of days UP, 5 waves up and an ABC down, day after day, this is how the market moves up. We had 5 waves up, from the diamond bottom, (red 5). to a 4th wave down, that turned into 5 waves down, and on the ABC up, it reversed again and fell, now reversing off the wave 3 down, close to the lower edge of...
This is not a simple buy/short situation... there will be buyable lows and sellable highs. I think a 5h wave up is possible. but ultimately a big selloff after that. time to go to cash or put your shorts on long term just my opinion. Please form your own opinion on each trade and understand why you are taking it and only by taking responsibilities for our...
Back in 2000 everyone rushed into gold, price $260 the ideal hedge against a stock market crash 2000-2003, true BEAR market. Since then it has inflated to $2500, not priced as an ideal hedge anymore... Trades mor elike the Other indices SPY, QQQ, etc. If you study this you can ignore all the prices obscured my the PP Indicator, just look at the ideal buy and...
Forget Elliot Wave Theory for a minute, think only pivot points. I call buying S5 and selling R5 as the ultimate buy and sell zones. It sounds too easy. n Lets examine4 trades, easily spotted. 1. BUY May 22 2024, below S5-S6 2. SELL July 11 2024 R5 3. BUY August 05 2024 S5 4. Sell August 22, R3.5 5 BUY S5 , August 28 6. September 03-04 2024.. SELL...
This is the same idea as my post about the ES, but for the Q's. I have included a textbook diamond pattern from a medium turn ATH, series... We can learn from history or burry our head in the sand. This pattern is NOT a inverted, V shape recovery", it is a series of complex elliot waves, creating a intermediate term top. We may see a new ATH on Tuesday when...