This signifies that BTC is in an incredibly bear-bull market. Based on my predictions and from all of the TA I've seen on this site, there's a 50% chance its going to go up and a 50% chance it'll go down.
I've found that the longer you spend trying to analyze the charts, and the more lines/names you put onto your chart, the more time you waste. Which is...
You just need to be open and willing to accept a bear market when you see one.
This isn't even surprising. What goes up, comes down. This will be a healthy price correction, the last one being $20k to around $4k before getting to where we are now.
Get ready to buy the big dip. :)
With the current overhead resistance at $3995, we should see the price hover around $3985-3995 for the next (hourly) candle or two depending on where the first one closes. After that, should the current down trend continue, we can expect the next target to be around $3915-3930. This will occur over the next several hours unless a large, unexpected shift in volume occurs.
Let me preface this post by saying that I am NOT a professional trader by any means and I won't ever claim to be. I'm just a young man that seems to get things right 50/50 at a rate of 36.9%. For example, I turned $1000 into $21,000...And then into $6500 a few weeks later. Take what I say with a grain of salt.
This post will not be riddled with guess and check...
As you can see on the day chart, BTC has accepted the markets offer for an Elysian Spirit Shield pattern, but will it really absorb 15% of the damage like we've seen throughout history?
The day chart shows something different. This is merely a quick rally above the CRL (crystallized resistance line) that it sure to shatter under the pressure the bears are putting...
Hey, everyone. Just wanted to share a graph that my boss plotted a few days ago about halfway down to (A). It appears LTC is currently in an ABCDE corrective triangle pattern, or at least we've been right thus far. We've made quite a bit of money from the swing trades and wanted to share our idea with you guys so you can possibly think we are right and possibly...
