continue downwards. lmao.
Currently, the bears are still in control. We are meeting resistance around $7,675. This is our 8th attempt to break above. The MACD is still signaling a buy on the 4h but is curling down. RSI is meeting the same resistance as price and is now trending down. CMF indicator shows accumulation is in progress and has been, especially in the dips. There is bullish...
Teh Amateur is here to give his opinion. Teh guy that was a Bull, went bear, annow I'm bull again. Why? See examples below. Hit play. We broke out of an ascending wedge, to a very strong support at $7,900. Near instant retrace. This support was crucial after a massive fall from $9,990.00. It provided ample support as the buy volume here is E N O R M O U S. We...
My apologies for taking so long to update, everyone. Took a much needed few days off to refresh my mind so I can give you hopefully the most accurate information on TV. Since the $8,600 high BTC has been following a very tight descending channel. For now, if my count is anywhere near accurate, (Again, I am an Elliott noobiest of the noob) then I believe we are in...
This years consensus is filled with a lot of confusion. Bitcoin hasn't been behaving. It's been naughty. Here's the deal. A lot of people are saying Bitcoin may go south, to the early $7k or worse range. As I write this, the bears have already taken it down to $8,500. Is that the lowest it'll go? Probably not. The ultimate fakeout. Something has been brewing, in...
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,...
I'm sure half the planet already knows what just happened in BTC. In the event, you somehow do not know what just transpired, Bitcoin pumped from $8,326 to $8,750 in a matter of 5 minutes. Do you truly think a ton of random people just suddenly decided, "HEY! I have an idea! Let's all buy BTC. AT THE SAME TIME!' No. So, we've established this pump was...
If you are looking to make a quick profit on BTC, be very careful. Right now it is on the verge of a breakout up/down. I am still very Bullish on BTC, but we need to keep the bears in mind. As of right now, we are consolidating in a textbook bear flag. Here's the problem. It seems too textbook. Do you understand what that means? Reverse psychology 101: The whales...
Technically speaking, the indicators are saying BTC is a buy. Technically, we are still fairly oversold on larger time frames. Still, we have to be very cautious as it seems BTC has run out of steam. BTC just barely forges ahead, showing clear proof the bulls are still around. The RSI is very neutral on the 4H with lots of room to go either way. The MACD...
Below I am showing 2 boxes and 2 boxes only. If we somehow surpass both of them, I do feel like Bitcoin would have a LOT farther to go down. Sub $8k to $7k levels possible. However, I do not see that happening for quite a few reasons. For one thing, we are massively oversold in just about every important time frame. I suspect the reason for this drop was to shake...
As we have seen the past few days, the bulls are clearly not ready to surrender. In fact, I believe they are purposely exhausting the bears momentum at certain price ranges. In the above chart, I have defined 2 bull levels, as well as 3 bear. Lord knows the bears love to break supports, so I have labeled 2 absolute worst case scenario supports that the bears may...
People. Please, pay attention to at least the words in this idea. I have been monitoring a lot of different movements throughout the market. Analyzing certain times where ideas suddenly go crazy. Figuring out the general sentiment, checking 20 ideas in a row sometimes. Where do a lot of people have their supports? Where do they have their resistances? When to...
BIG. B I G money has been accumulating, as shown in an indicator recently introduced to me called the CMF. If you pay close attention to the RSI, (Relative STRENGTH Index) you will see icredibly strong Hidden Bullish Divergence, as shown here: 4HR 6HR 12HR Notice the higher lows in price, while the RSI makes lower lows? This is indicating that the bulls are...
This is one of my riskiest calls yet, but I have reason to believe we are going to see $20k, and SOON. 9 times out of 10, what does the market do when you least expect it to? THE EXACT OPPOSITE. Everyone and their mom is thinking BTC is about to crash and burn because of the $10k resistance. What if I told you that $10k resistance is absurdly easy to break, and...
Okay, so. Today, we are at a major turning point in BTC. What happens in the next couple of hours will basically determine whether or not we ride Candy Mountain. As we speak, the RSI is Neutral while the MACD is signaling bearish divergence. Both of which are nearing an apex. All week, as I have stated, there has been Hidden Bullish Divergence. The bulls have...
Hello everyone. All of my previous buy signals have so far been a success. I am determined to continue giving this information away, so that I can continue to challenge everything I have been learning. I recently decided to start a public telegram, which gives this type of live information away for free. I post BTC signals, and am now starting to post alt signals...