johnmslee

johnmslee Updated 

The Bitcoin Baby Bear is dead. The Bull got pissed off and killed it. All kidding aside, I've seen a TON of bearish posts about Bitcoin. I think they all forgot that Bitcoin tends to correct like this, during a bull run. I know, I know, we closed below the 21-week MA, but relax. The Bitcoin Boom has just begun. I'll stop just short of me saying that everyone is...

johnmslee Updated 

I'll publish another chart in the update that includes the daily or weekly chart showing the full 5 waves. The correction has taken us to the 38.2% retracement level. I believe the bottom is in. There is a small chance we go down to the 50% level, but based on the RSI & MACD on the 4 hour chart above, I believe that is a 1% or lower possibility. Lower lows on...

johnmslee

5 waves have already completed on the uptrend. This is going to be a corrective wave, with possible capitulation. It won't last long, and that's a good thing. Uptrend should continue in December/January. Be careful. Big drop coming soon. We can see that the subwaves for A have completed. Wave B is almost done. This is the FOMO wave. Don't get caught. Wave C is...

johnmslee

This is a fundamental projection, and this has little to no technical analysis. I believe BTC to be a logarithmic asset. You will notice that my estimation follows the regression line of many popular projections based on BTC's logarithmic chart. I believe the total crypto market will reach at least 45% of gold's market cap, due to the influx of institutional...