Long

Updated

The TRUTH.

Everyone wants to know, wtf is Bitcoin up to?
Ladies and Gentleman, let the amateur guide you.

For the past 6 days and 12 hours, we have been in a very big range between $8,765 and $8,122. A lot of profit potential for scalps due to bounces, but not much else. Where do we go from here?

A good friend of mine pointed out, that today on The Wall Street Journal, there was a section about
"BUYER BEWARE, SOME CRYPTOS ARE FRAUD"
What do you think any Average Joe who doesn't know better is going to do when he sees the price dump today or tomorrow?

EVERYONE.
E V E R Y O N E who KNOWS what's up with Crypto wants BTC to fall just a leeeeeeetle more before the big move up, because they KNOW there is a big move up coming.
A BIG move.
Little does Average Joe know he just sold, or will sell at the worst time possible.

People, in the longer term picture, we are finishing Corrective Wave 2, and are about to start Wave 3 of the full 8-wave Elliott Wave Theory.
"Waves 1,3 and 5 are impulse waves because they move with the trend. Waves 2 and 4 are corrective waves because they move against this bigger trend."
stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory

Wave 3 of the Elliott Wave Theory is the most violent yet not shortest of all 9 waves. We are finishing corrective wave 2 long term, so what do you think is next? Hint, it's something CLOSE to this:

Let's get down to technicals.

On the 4h chart we can clearly see that we are falling. Yet we caught support at $8,120 for what is now the THIRD TIME in a very short time frame.
Remember, every time you bounce from a support or resistance, you weaken it.
Considering we barely even bounced $80 from this support so far tells me there is further downside to come.
MACD has flatlined into a sell.
RSI is now at support yet again and trending down.

I believe that we will reverse in the box shown on the chart. IF NOT, there will be updates to this thread. I have personally found each and every support we could fall to, labeled in blue on the chart. The further we go down the stronger the support. I have very good reason to believe, that after the fall we are about to have a MASSIVE wave up. Check my past ideas for why. There is a LOT to read but I assure you, once you see that I was right, it's information you WANT to know.

Feel free to poke around my ideas from the past month to see just how inaccurate this amateur really is. I linked a few below in the related ideas section.

The range we have been in the past week, is going to be future support for when we come down FROM the MASSIVE wave up.
There has been mostly good news the past few weeks until today.
The yearly Consensus just ended.
Yet we're down? There is a reason for it. Here's why.

People, Wall Street didn't get as rich as they are because they were nice and showed people (like me) how to make money in their market. They USED, ABUSED, and DESTROYED everything in their path to do what they needed to make money. What do you think they're doing to CRYPTO AS WE SPEAK?

Further information is below as an update. Too much to write xD

Note

Along with the WSJ front page article on Crypto, I leave you with this:
cnbc.com/2018/05/09/wall-streets-first-analyst-to-cover-bitcoin-urges-caution.html

"It has come down quite a long way, and we're getting a lot of people asking ***is now the right time to buy,"*** he told CNBC's "Trading Nation" in a recent interview.
He added: "The short answer is no."
Yeah, the longer answer is that the best time to buy was at $6,753.00, a price we probably will never see again, but THEY don't want YOU to know that, because they're GREEDY.

"It was absolutely a bubble based around the futures launch in December, and a lot of enthusiasm for the asset," said Colas.
A bubble that's going to hit about half a million dollars this year. Then it'll get called a bigger bubble. Then they'll run out of things to call it because BITCOIN IS THE TRUTH. Truth always prevails.
ALWAYS.

We are quite literally PRIMED AND READY for something that will catch a LOT of the uneducated world off guard. Something that within the year I believe, will make financial history. You heard it here first, FROM AN AMATEUR THAT DID HIS RESEARCH.

-------------------------------------------------------
DO.
YOUR.
OWN.
F***IN
RESEARCH.
-------------------------------------------------------
WE tell you this for a reason.
WE want you to know *THE TRUTH*.
YOU won't know the TRUTH, until YOU do YOUR own research.
WE are just kind enough to share our own.
MAKE UP YOUR *OWN* MIND, or YOU ***WILL*** LOSE.

Truth is, you're scared.
Truth is, they want you to sell.
THEY.
Remember that.
-------------------------------------------------------

I am just an amateur. An Average Joe, just like you.
I just happen to be a very good manipulator.
Know the phrase "You can't play a playa?"

I'm warning you.

Note

I live-stream on Twitch Mondays, Wednesdays, and Fridays.

During these live streams, I will answer any questions, help you learn charting, help you with just about anything. If I don't know the answer, we can both learn right there on the stream.

I also have a telegram channel, which I update CONSTANTLY with FREE information.

Due to the rules enforced on this site I am unable to advertise, so PM me for the links.

And remember.
DO YOUR OWN RESEARCH. DON'T listen to me.
Listen to yourself.
Listen to your gut.

BELIEVE.

-teh Salesman

Note

So far, we bounced, but not by much. MACD on the 15m is about to signal a sell.
RSI is trending down yet again.
Volume indicates the bounce was very insignificant.
Get ready for the buy zone, coming up some time soon!

Note

BY THE WAY!
I just realized I never mentioned.

The chart posted, is a 4HR chart.
We're creating a potential inverse head and shoulders.
This is a VERY bullish sign.

Considering we are dumping right now, I expect it to play out.
STAY ON YOUR TOES.
When this sh** goes down, it's gonna happen so fast you'll barely have time to fart before $300 has come and gone.

Note

DUMPY DUMPY

This is amazing. Wow.

Note

A very good friend of mine pointed this out to me.

steemit.com/economy/@ajain/the-economist-magazine-cover-of-1988-decoded

I STRONGLY RECOMMEND EVERYONE READS THIS.

Note

Close up view of the inverse head and shoulders that COULD form:

Note

A chart posted by someone I consider to be a close friend here on TV:

Note

As per the usual, holding support and failing at resistance.

Note

LADIES AND MORE LADIES.

Take a look see at what the amateur just found.

Completion of this manipulated as F*** head and shoulders would be $7,946. We cannot go below this point, or we fall. HARD.

Guess where my buy zone is? ;)

Note

Correction. Completion of the head and shoulders is $7,925.
A break below $7,800 with MOMENTUM is a sell, as the nearest support from there forms at around $7,400.

Note

SCRATCH EVERYTHING I JUST SAID.

A break below $7,800 with MOMENTUM is a sell, and nearest support is $7,400.
Neckline completes at $7,860.

Note

Breakdown of the mini bear flag has completed.
Remember. Target of the neckline is $7,860. I highly doubt we breach it before reversing. To $10k we go?

Note

We are OFFICIALLY IN MY BUY ZONE.
I have already closed my trade. My buy was set at $7,965.

I believe the yellow line will hold.
I believe this is reversal territory.
I believe when we reverse, it. will. be. FAST.
HAVE YOUR BUYS SET.

DO NOT FALL for the BS being spewed all over TV right now, it's meant to scare you. Unless we break that neckline, we're going up.

Neckline $7,860

Note

According to my trendline, we are very, very close to reversal.
If it's only a bounce, it's only a bounce. But I HIGHLY HIGHLY doubt it.

Note

In the extremely unlikely event we continue to fall past the neckline of $7,860, I have picked every single support zone we could reverse at.

REMEMBER.
We are finishing wave 2 as we speak. Wave 3 can start at any time which means the second we reverse it is going to be a sight to behold.

$7,860
$7,620
$7,390
$7,190
$6,900
$6,420-$6,450.

HIGHLY doubt we see these prices again.

Note

I am an Elliott noob but, does this not look right?!
Wave 3/1 anyone? :D

Note

A person in the comment section did the Elliott math. Figured out that not only is this chart possible scarily accurate, but my double top linked, is very very accurate as far as Elliott counts are concerned. Proper Fib retracements and all. At least, that's the way it sounds anyway. He decided to create a chart based on my information and came up with this:

For reference, mine:

I think we begin Wave 3 at $7,800.
FINGERS CROSSED

teh SALESMAN

Note

"Totally. The funny part around this stuff is that the solid intuition you have around charts, lines and structures is the emotional, gut check version of the mathematics around fibonacci. The reason elliott even works has to do with timelines, trajectory, support/resistance and RSI's on multiple timeframes (5 min, 1 hour, 4 hour, etc.) Doing the math is awesome, but overtime you can feel it. See it without the fib lines. But heck, if you can also do the math why not.
The best part is you do not need a PH.D in econometrics to pull off the mathematics. If you are drawing charts as accurate as you are using your gut, Fib and Elliott will come very easily."

I'd like to point out, that the user who checked out my True top idea, is the user that sent this to me.

I'm just an amateur.
Imagine what YOU can do.
BELIEVE>

Note

People.
This is the single most humbling journey of my life.

Front page every BTC idea.
My telegram blew up over 100% in users within the past 3 days.
My Twitch channel is gaining concurrent viewers.
My charts are becoming a lot more pretty to look at (lol)
And best of all, I am keeping it

FREE.

Why would I keep this free?
Because the best way to succeed in this industry is to GIVE PEOPLE WHAT THEY WANT.

Freedom.

B E L I E V E
in yourself.
Not me.
Yourself.

-teh Salesman

Note

The amount of whales showing up at this price point is ...

Well, if you have the resources like I do, and did your research like I did...

Things are about to get weird.
DON'T
listen to me.
DO YOUR OWN RESEARCH.

Note

Say hi to mister trendline!
This is indicating we are STUPIDLY close to something massive.
As in, like, not just big.
MASS
I
V
E.

Oh, mister bullish divergence you say!?

HMMMMM. I wonder what happens to this RSI resistance soon?

anyways..

Trade active

Show this man some love.
FRONT PAGE THIS MAN.

Note

RSI has broken resistance temporarily.

MACD showing a *potential* bottom

Doubt it.

Volume:

Just a small bounce. Nothing to talk about here.
Still aint TRULY oversold. But we're very close ;)

Things are looking good. So long as we don't have another SUPERDUMP, we could potentially be seeing the start of long-term Wave 3. Long term wave 3 doesn't mean 45M wave 3. Or 6 Hr wave 3. It means

DAILY

Wave 3.
Ready?

Note

This candle is telling you a story.

Dumpy dumpy.

Note

RSI shows bearish divergence.
Price shows bearish divergence.
Volume is low.
MACD is a buy, but next to no divergence.

As per the usual, holding support failing resistance.
If we keep failing at resistance we're going down again, deeper into the buy zone.
Deeper into the buy zone means high chance of reversal.
Have buy ladders set, be ready.
Don't go all in or all out.
BE. READY.

IF this thing reverses like I think it will, it's going to be at a time that catches EVERYONE off guard.

teh Salesman

Note

Just had a small pump.

DONT WORRY LIKE USUAL FOLKS ITS A FALSE ALARMMM

Note

BY
THE
WAY

I'd like to mention that if you were a member of my FREE telegram group, you'd know the second a trade opportunity, a REAL ONE, presents itself. Sell or buy.
I can't post the link here, but PM me for that and my twitch link and I assure you, you will not get this accurate, this up-to-date, and this FREE information on any other signal group.

I educate.
I don't manipulate.

teh Salesman

Note

"Tonight, for all the people in this Telegram and for all who have supported me, and all who will. I will be up ALL NIGHT to make sure if something happens, YOU know first. I have been very good to myself since I came out of the hospital, and I intend to treat myself to an all nighter, maybe another 48 hour encounter depending what happens. I'm so dedicated to this, that I am going to sleep on the couch once I finally go to sleep. RIGHT next to my computer, which will remain on. With FAT STUPID alerts, that will SCARE THE SHEEP OUT OF ME to wake me up, so I can be RIGHT here, RIGHT when the action hits. People, when it hits, don't be caught on the sidelines. I'll make sure of it so long as you have your alerts set. BE READY, it can happen at ANY TIME, usually at night."

Love you.
teh Salesman

Sent to all the people in my telegram. PM ME for the link.
Peace and love <3

Note

We have an indecisive doji forming on the 45.

At the TOP of a fairly decent pump.

TECHNICALS indicate
Flatlined RSI
MACD 'attempting' to cross bullish.
Volume is low.

Dumpy dumpy?

Note

A good friend of mine, Domenigoni, pointed this out to me.

The 1D RSI.
tight than a moooooooooooooooooooooooooooooooooooooo

Note

Things to remember.

HUGE head and shoulders. IF it completes, we go down.
BUT.

Huge INVERSE head and shoulders.
WHICH ONE WINS!?

Note

Uh oh. DUMPY DUMPY?

PM ME FOR MY TELEGRAM.
it's FREE unlike most.

Note

You know why I give away information for free?
Because good people want to help me.
Good people ARE helping me.

A LOT of people with a LOT more knowledge on this scene than I have stepped forward and offered any advice I can possibly ask questions for.
I'm making progress.
This is amazing.
People, do your research and post ideas.
TRY, that's all you have to do.

IT WILL ALL
come to you.

Just like it is, for me.
That's Crypto.
TRY.
BELIEVE.
DO.

Still range-bound. No superdumpy yet, but it's comin..

Note

The MA's are converging. We are sitting up reaaaaally high considering everything.
Yet again, 'holding support' and failing resistance.
RSI trending down.
Red candle.
Low volume.

Expect a dump soon.

Note

According to my chart, we have 2, 45M candles, or 1.5 hours TOPS until dumpy dumpy. That IS of course, if it follows the trend of the right shoulder. Right shoulders typically have low volume to indicate a drop is likely.

RSI not even at a resistance

MACD barely showing a bullish crossover
but next to no divergence.

Dumping as we speak:

PM ME for my Twitch and Telegram channel.
Both are FREE. Unlike most.

Note

Just had an alert go off, and immediately posted to all my followers. I am just now letting the rest of you know we may be dumping. PM ME!

Low volume. VERY low volume.
RSI is trending WAY down.
Dump came. Will it last? Or will it go?

Note

4 minutes. It took me 4 minutes to alert people refreshing my thread or seeing my idea updated.

In telegram, they knew about 15 seconds after.
FREE.

I don't manipulate. I educate.

Note

A wild, HUGE random DILDO APPEARS!
From $8,028 to $8,161.00.
I highly doubt we're going up, this would of continued a LOT higher.
HOWEVER.
Be on your guard and be ready. This was a POWERFUL sign of what is to come, and SOON.

Note

Still fluctuating.

We are lacking RSI strength even though we did break the prior resistance.
This is our high, more than likely.

Note

So we had a pump.
Technically we're in a bull flag.
We are technically consolidating.
Volume spiked.
RSI spiked.

Here's the problem.
It was a mini-bart. What if what happened a few days ago happens again? See here.

I don't think we're done yet. Not that fast. We need capitulation.

Note

Buy when there is blood in the streets..

Note

RSI is sitting high but is starting to curl downwards.
MACD has diverged significantly but has lacked making anymore forward progress.
Volume shows it dropped off during the 2nd to last candle.
Current candle shows indecision.
Dumpy dumpy? I'd say 45 minutes tops until a decision one way or the other.
10 minutes until candle close at the time of writing this post.

REMEMBER PEOPLE.
My telegram is free. Ask me for it.
I live stream in about 12 hours. Ask me for it.
Get ready for a big one.

Note

First thing I would like to point out. On the daily, we have already wicked into my buy zone.
Secondly, my buy zone happens to land perfectly on the 618 Fib Retrace.
See for yourself:

Note

We are consolidating in the start of a bull flag.
I have noticed something. The most explosive price action usually happens on the 45's of the hour. Let's see what happens in about 30-45 minutes.

Note

$8,120.

Here comes the 45..

Note

Momentum has slowed to a crawl.
We are getting serious wicking here, in bearish territory.
Yet again, holding support failing resistance.
MA's are beginning to converge.
RSI is flatlining.
MACD is a sell.
We're producing numerous bullish hammers on short timeframes.

Note

Spotted what could possibly be in inverse HS on the 5m.

Note

MAYBE.

Note

HOLY MOTHER.
THERE IS SOME BIG VOLUME ACCUMULATING HERE.

Note

This is a potential bounce buy. Where it may land is anyone's guess, but up above you have mine.

Note

It's happening?
INVERSE HEAD AND SHOULDERS.

Note

Fakeout. Got me, too xD
Thankfully I didn't invest much.

Note

Been up to some things.
This is what is happening.

On the 6H charts, an inverse head and shoulders is forming in the RSI and on the chart.

RSI

CHART

The Bullish falling wedge we are in:

On the daily

Technically.....
TECHNICALLY.
We have 3 days left for the surprise.
However, considering the past 3 days straight have been red, we COULD get another surprise MUCH faster. Whales love to surprise us don't they?

This is why you have your buys set.
Today's bounce if we get one, will be $8,400 tops or a pass of that means we're bullish again. (lol)

Todays low has technically already been set. I suspect however, we're only getting started.

We are holding STUPIDLY good support at every region we visit, yet we continue to decline because we fail at resistance with low volume. This means that this region is becoming future support for an EPIC retrace. Hmmm...maybe from $16k.............

Will update fairly regularly, especially if I get an alert.
My telegram subscribers
FREE, by the way. (Noone elses are that are this accurate)
Get the signals that are important?
INSTANTLY.
PM me for my Telegram.
I also stream today in about 5 hours.
PM me for that, too.

Catch the stream, listen to some dope tunes, ask questions about TA, learn to chart, whatever. I do it every Monday Wednesday and Friday.

Note

BTC just poopin around really.
Not much to see here folks.
Lord knows I'll make this update then BAM.
BART SIMPSON SAYS WADDAMMMAGGONNADOOOOOOOOOOOO

I go live in about 2 and a half hours, for the world to watch me do free live TA, answer questions about charting, support, resistances, risk management, anything. I promise to give you as accurate information as I can and know.

I will be posting updates when there is something noteworthy. As of right now, we have a bull flag showing up on the 5.
RSI is trending up.
Short term, we could bart.
Longer term still looks bear.

We'd have to basically insta-dildo to $8,400 for bullish market to be confirmed at this point or there is further downside. Aka my buy target that I am patiently waiting on. ;)

Note

xD Not even a minute to two, tops, after posting this.

DILDO! BINGO!

Note

Blue lines are showing the strength of the price range.
This being said. We could go bullish for a bit upwards of $8,165 or so. Possibly test $8,200 one last time. Then dumpy dumpy.

People I go live on Twitch in 2 hours.
You get free TA, up-to-the-second coverage on literally whatever you want, come learn how to chart, listen to some dope Eazy-E and gang. Come to support my vision of keeping this information free, help others if you know how, spread your ideas, whatever! For noobs and pros alike.

I also have a telegram, where I post IMPORTANT information mostly about current price action only.
AKA a 'signal group'.
Only difference is, mine is free.
For now.

Eventually, I will be charging people $5 or $10 for this information since I quite literally no-life it. I BREATHE these charts. That being said.

PM me for my twitch link.
PM me for my telegram.
I cannot post them here.

HOWEVER.
Very soon, I hope to be able to upgrade to the higher-tier plan on here, and have my twitch and telegram below my ideas. Once I am able to do that, WE WILL BE HUGE.

TRUTH

will be huge.

Hit me up. I'm free.

teh Salesman

Note

It's a mess, but it looks like money.

Note

20 minutes tops until something goes.
Up or down.
We go up, $8,171 is the short-term target.
We down down, $8,015 or worse.

Momentum either way and it's to the boom boom room.

Note

The last time I was about to take a break....BART? ARE YOU THERE?

I'm about to get ready for my stream. I strongly advise you to catch it, it'll be fun :)
HOPEFULLY I can cook food right now without dildo.
We'll see.

Talk soon.

Note

Wasn't any type of suuuuuper huge momentum but we made progress.

Will be streaming live on Twitch soon. ASK ME for my link!
See you all soon :)

LOVE YOU ALL

Note

Update.
MASSIVE pumperino. Temporary though, MAYBE?
Testing resistance.
EXTREME resistance.
The RSI is trending down tho :(
Volume is high but falling.
We either consolidate into a bull flag/pennant, or we go down.

Note

We may soon experience either a powerful bounce, or dumpy dumpy.
RSI is flatlining.
Volume? Let's not talk about that.
My suspicion is down for a retest.

Note

RSI trending down.
Trend is falling.
Convergence of the MA's acting as tough support. A break below could be BAD.

Note

RSI has broken temporarily out of the longer term support on the 5m.
Be careful here.

Note

RSI is continuing to trend DOWN.
We are dumping, just like I thought.
Be ready, have buy ladders set.
We could dump here so BEWARE.
IF we dump pretty hard we should bounce back up a bit. How big is anyone's guess. I'd say $8,250 or so.

I have 50 viewers watching me live TA.
PM me for the links.
I appreciate the support everyone.
What a crazy crazy day.

Note

PM me for my twitch link. I'm LIVE and FREE.
I also have a telegram. TODAY we break 100 subscribers to it. <3

RSI is trying to spike. Trending down while wedged between support and resistance.

Volume. Fake as usual. LOW.

Support close up

Zoomed out a bit.

Note

We are holding very well at support right now. COULD bounce, or mini bart.

Note

Holding support but failing resistance like always. Be prepared, the candles are getting very tight at the top of a very big pump.

Be ready at all times.

Note

BE READY this *could* be a possible dump.

Note

MANIPULATED HEAD AND SHOULDERS. BE AWARE.
This is very bearish pattern by the way.
Here is the problem.

IT'S FAKE.
LOW VOLUME.
RSI Sitting high but trending down.
MACD signaling a potential bearish crossover for dumpy dumpy.
This is VERY key support/resistance

We could super moon here, or super dump.
My money is on dumping for a bit.
BE READY.

Note

Zoomed outttttttttttt

Note

Beartrap? Or dumpy dumpy?

deactivatedaccount123

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deactivatedaccount123

The TRUTH.

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