paper_value

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My 2 cents and only 2 cents. No more. For entertainment only.

paper_value

Don't quote me but i think this might transpire in the next few hours. For entertainment purposes only.

paper_value Updated 

In the grand picture of the 4 hr timeframe and beyond, everything SEEMS well on track to a FULL (x2) RESET. How much lower? My guess is as good as yours. But this is how i see it will pan out. ** For educational/entertainment purposes only.

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Unfortunately, the BTC market is behaving erratic these few days. It could be consolidating for a bull run or just the 'calm before the storm'. Right now, i see it being forced into an APEX. Up down left right? If any, RSI hints south. Be safe. *for educational purposes only

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Finally $BTC is recovering and it seems to be wanting to breach the double top neck line. If that's successful, 9300 will become the new support. 4hr Stochastic RSI indicates that we should be on our way to breach that level. And if it breaks up with volume and momentum, we should see $btc returning to 11k ranges in the next few days. Otherwise, we might go down...

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If there were only three indicators I was allowed to use to predict the market in the next few days, my thoughts are outlined as follow. Short term: Bearish The last black crow of the 3 black crows just closed on the daily candlestick where the double top formation is now confirmed. Only the Stochastic RSI looks promising but it has yet to hit rock bottom. Once...

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Binance hacked rumors, SEC taxations bla bla bla... might have caused the bitcoin sub-wave (ii) to plunge nearly 1:1 of sub-wave (i). If it goes below sub-wave (i) later, we will have to recount the entire wave structure due to market (in)sentiments. This is the drawback with Elliot theory, subjective. However, remember there's no perfect tool to predict the...

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The long term support line formed since the February low ($6000) has been breached downwards. Now it seems like the line above has turned resistance. This is a no trade zone for me because the 1D Stochastic RSI is still pointing bearish meaning it could target 10,200. However, the 4H RSI though is turning bullish. This indicates a short term revival but I would...

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Where are we heading? The 11,500 is a good support line for now. However as I am writing this, B has fallen to sub 11,300 levels. We should be able to find support at 10,200 levels if it continues to go down. Otherwise this slight dip should find some strength at 11,200. It is just a matter of time before we break out of this ascending triangle upwards. However,...

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We have been hovering above 11,000 for a couple of days now. So this is very likely to be our short term support. The next resistance for B to clear is 11,700 tonight. Signals indicate that we could reach 11,700 before a small correction to somewhere around the 11,000 support. Prices seem to be unable to cross the psychological barrier of 11,500 and it will be...

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Whether it is a bullish pennant or an ascending triangle that's forming, the coming week is going to be an exciting one. There's a rising wedge that's currently forming in the bigger pennant and 4H/1D stochastic RSI is oversold. That means there are more downsides than upsides. We will have to wait patiently for the daily Stochastic RSI to fall below 20 (reset)...

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I might be wrong in my previous elliot sub-wave count because sub-wave 4 went into sub-wave 1 territory. This is forbidden in Elliot Wave concept. If my sub-wave is right for now, my deduction based on the stochastic RSI indicates that we will be trying to hit 11,700 in the next few hours. Let's wait and see. Disclaimer This post and ALL (previous and future)...

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A bullish rectangle is forming at press time. Will we break the pink resistance line at >$11400? My short term goal is that we should see: $11700 should we break the trend line. Then we will see a slight correction down to T1 and/or T2. Stochastic RSI on 60/120/240 seems to indicate that we might break the $11400 trend line to $11700, but it will be short-lived....

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The market is very undecided now. Morning Doji stars and spinning tops can be seen on the 5/30/60 minute charts. As the saying goes, 'the enemy of my enemy is my friend.' Until the NYSE opens, the bulls and bears seem to be sitting on the fence now.

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$ A rising wedge has formed on the 15 min chart and prices are clearly testing the bottom trend line. The 2hr stochastic RSI is pointing downwards. Very likely, $ will break to the low side.