w0tisl1fe

w0tisl1fe

Forecast For Ya.

w0tisl1fe Updated 

Seeing any similarities? I am looking for a retest followed by hard rejection. And I believe this pattern may continue (200 retest then rejection) for some time. Know your support levels, long when we touch them. When we hit the 200 MA, that would indicate a good time to be longing. *** Not Financial Advice, Please Do Your Own Due Diligence In Your Trades ***

w0tisl1fe

Just how I trade... I like to wait for a full breakout above the 200 MA. Now, sometimes while in a bear market we may see us come back to test the 200 MA, but as you should know we usually get quickly rejected. If not that, then we will usually see a few days above it before a full on crash back down. To me... times like this are a great opportunity to be...

w0tisl1fe

Yesterday I was blindsided. Didn't expect this at all... So for now Im patiently waiting and watching to see how things go from here.

w0tisl1fe

RSI on the weekly is my main point in this. Until we break past our middle levels (past 65) I will continue to be bearish. Feel free to give any thoughtful arguements. Happy Trading!

w0tisl1fe

Huge resistance at 8200. We broke through on the day of our big pump, but after that we have been rejected hard. I would expect that to play a huge role in if we are going to continue to move up.

w0tisl1fe

Our Old Resistance in the 7600-7700 area is now support. We could Possibly continue to use it as support and finish off the triangle we have created and break out to the up side... Or dip below it and fall back to our old levels in the 7k - 7.7k level, which could potentially bring us even lower than we were before, making the 5.5k-6.6k levels our new resistance...

w0tisl1fe

Looking to play out one more quick leg up... Also, looks as though the candles on four hour are getting weak so a turn around soon seems very possible. Then, one more leg down before a new cycle begins.

w0tisl1fe

Just a pattern i've been noticing... Up.. consolidation... Another big move up. Then Back Down.

w0tisl1fe

According to my elliot ananlysis it looks as though we have one more wave up that looks to be coming sooner than later... Next 4-8 hours. Then a bigger wave down to finish off the correction.

w0tisl1fe

Correction waves starting now. Expecting us to possibly dip below 7k, and if we do and downward movement starts to pick up more than usual we will have a very strong support at 6500. If we fall that low... Welll... LOONGGG IT BOYS!!!

w0tisl1fe

Beautiful indications as we speak pointing to the upside. Analyzing the charts gives me a lot of confidence for all longs today. Buy that Dip :)

w0tisl1fe

When applying the Elliot Wave Theory to where we are as of now I can see us moving with one more wave up... And then a dip to the downside... Also looking at our past bear trends it seems as though we should almost definitely see more bearish movement before our next pump. And yes of course I know the past shall not always represent the present or future movement....

w0tisl1fe

Chart says it all. My last chart predicted the rise that we are having now. Please... If you enjoy my charts make sure to follow me and stay updated. I use simple candle formation strategies on mid to high timeframes (Usually 4 hour) that are almost always on the dot. Happy trading fellas!

w0tisl1fe

Looks as though candles on the 4 hour are getting weak. Looking for some upward movement by tonight/Christmas. Oh yeah... and HAPPY HOLIDAYS!

w0tisl1fe

In addition to my last post i also think we may be forming h&s if consolidate here or around here.

w0tisl1fe

4 hour lookout. Next candle to give you clear direction. It looks likee we may be finding a temporary bottom. If not I expect a dump coming.

w0tisl1fe

As the market gets more and more saturated with new coins, and many more with new uses; I see bitcoins longevity maybe not lasting as long as some would hope. Looking at the chart reminds me of the DotCom Bubble. And, yes... I know they are two totally different things. But the concept is the same. The internet got dilluted with tons and tons of new things until...