flyinkiwi10

flyinkiwi10

Hi everyone, This isn't relevant to anything so far in August as we haven't had too much bullishness. I thought I would share this as a general. I was considering a signal service / small hedge fund for BTC almost solely based on this (considering I am getting very annoyed with signal services online that are talking about "cup and saucer" and "head and shoulder...

flyinkiwi10

Hello, I don't have the answers, I admit I am genuinely confused by the steep climb of BTC shorts (and general increase in shorts when the price is lowest vs reduction when prices are at their local peaks). It also seems that the market is in two minds and predicting a decline below support of $6000 to $5755. What I would say is that those in short positions...

flyinkiwi10

Hi all, I will admit that this looks somewhat unlikely, but it is possible and indications are (presently) that it may develop something like this. This post is just to share my preferred entry point for the sizeable down-move that I expect: - It seems that wave 1 and 2 have formed, - Sub-waves i, ii are complete, and iii is underway, - I will wait for the wave...

flyinkiwi10

Hello all, On a previous post predicting a price drop of XLM I got some criticism from some who were using recent advanced in XLM as a reason that the price wouldn't drop. That's fine, I appreciate the few comments that I get on this site. What I said at the time (and I called the price decline accurately but a little early) was that everything corrects and as I...

flyinkiwi10 Updated 

I guess I am a crypto optimist and am gathering my resources to buy in again after BTC retraces into the low $6000s. Summary, BTC showed some impressive strength to move from $5755 to $8500 quickly but has retraced deeply to between the 0.786 and 1.0 fib levels before forming a new impulse wave that rose from $5860 to $6647 over about 36 hours. We are now in wave...

flyinkiwi10

Hi everyone, This sort of where I expect from the GBP / JPY over the next few weeks and months. I am reasonably sure it won't track my waves very closely. If wave 5 of wave 3 isn't extended, I would expect wave 5 to be extended - that is if my count eventuates. I'm not a professional or an experienced FOREX trader so this is one is posted more so I can check in...

flyinkiwi10

Hi all, Thanks for viewing. I am relatively new to TA and am not a professional. I am very new to FOREX and generally don't see it as an investment vehicle of preference. I am not currently in a FOREX trade. I am also not super careful with my wave degrees, only aiming to show smaller and larger degree trends, and avoid some wave degrees because I feel they...

flyinkiwi10

Hi everyone, I just wanted to do one more post before bed. It was interesting to see this chart for BTC shorts and it will be even more interesting to see it over the next little while. This chart tells a tail of lost opportunities and lost funds. If you look back at the recent past, the amount of money in a short position is not very closely correlated with...

flyinkiwi10 Updated 

Hello All, I am still of the general impression that this is an ABC correction before another drop. Saying that, I have included a bulish view as well. If the current wedge fails to reach at least as long as the previous one - then the short view is validated. The second wedge could still breakout upwards for a small distance and still fail to meake the 1:1...

flyinkiwi10 Updated 

Hi all, I am posting this because at some stage you have to pick a side. If you don't you can't lose but you also can't benefit. I will go slightly beyond my technical analysis to paint a possible scenario. In my view there will be a small price drop of between 6% and 10% to the low $6000s to high $5000s to finish wave C down. If price goes below $5755 please...

flyinkiwi10

In a previous post on the 4th of August I put the end of wave 5 at $1171 and it made $1167 so that is pretty close. It just goes to show that there is a big difference between creating a good technical analysis and being able to trade it successfully :) Anyway, I am looking to see what develops now as I believe the 5 waves down have completed. Possible scenarios...

flyinkiwi10 Updated 

I posted a crude oil set-up as one of my first few posts on tradingview as when in the low-$70s Crude was showing significant bearish RSI divergence and was clearly topping out a primary (or whatever scale) wave 3 up and would be correcting to create wave 4 with an ABC. At that time I didn't post using the Nymex light crude CL1! chart (despite my own analysis...

flyinkiwi10 Updated 

Thanks for the views, likes, and the rare comment. I am sharing this for my own education, to enable easy tracking and accountability for whether my targets were near or way off. I'm a fan of gold, but am not willing to buy physical gold in the current environment. At the moment I am looking to enter short (paper trade only) to exit around $1218 then enter long...

flyinkiwi10 Updated 

I published a TA on SC a few weeks ago predicting a 1:1 wave C extension at least. That happened, but as you can see it overshot 1:1 slightly. So that prompted me to search for other support levels. SC is currently doing a small bounce. Time will tell if that is the foundation of more stable growth. But it has reached some key levels: - It bounced right on...

flyinkiwi10 Updated 

I'm not sure about anyone else, but I am a bit tired of seeing questions about "is BTC dead?." People watching closely will have a large advantage when it comes to getting a good entry price for the next bull run. I would ignore the news right now, unless of course Mr Nakamoto starts liquidating his holdings. Normally the bottom is signalled by someone being...

flyinkiwi10 Updated 

Please see my previous post about BTC/USD but this one has the full WXYXZ correction and is in IDR. I expect price to remain above 81juta before finding support. Good luck and time will tell.

flyinkiwi10 Updated 

Hi, I am publishing these 3 possible scenarios for my own education and hopefully to add to the research of others. This is 100% based on technical analysis - but please note that I am not too particular on wave degrees and only aim to show smaller and larger degree waves. Three scenarios, one of which may resemble the actual outcome. Scenario 1: corrective...

flyinkiwi10

This is a very short-term analysis of BTC as I am looking to get into position on some altcoins - mainly XLM if BTC support holds. I don't play such short timeframes in BTC but the price action over the next few days will indicate something very important and hopefully signal to everyone that support has been reached. I am expecting that wave a down has completed...