Ezlife
Which way do we go George, which way do we go?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 divergence showing in the MACD and the RSI.
"A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend."
www.investopedia.com
What I believe we are seeing here is the relief rally a lot of people have been talking about.
However, I feel like a lot of traders are not keeping in mind the fact that a full-on reversal is due.
I believe we may see some more downside to test support, but I personally do not see us going down to/past $7k quite yet.
The blue trend line that price is acting on is a yearly trend line from June/July of last year. I *highly* doubt it fully breaks. If it does, I believe we will catch support around $7k. I have $6,425 as a worst case scenario.
In a prior idea of mine, I also listed $7,185-$6,800 as nearly unbreakable support, which so far has held phenominally. See here:
In all, I believe short term we're bear, but not super bear.
Mid-term, within the next week or two, bull. Targets are on the chart on the right hand side.
Long-term, $500k+ EOY. Laugh at me now if you want. ;)
This isn't financial advice, I am just an amateur.
But.. FeelsGood to post a chart again.
More updates to come, stay tuned! :)
This one's for the bulls.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 just completed an inverse head and shoulders on a very large time frame.
We wicked perfectly into my buy zone. If hypothetically you listened to the Amateur, you'd have made $400/BTC. So far. ;)
Current wave structure with RSI:
Strong, consistent volume:
MACD on the 4H
15M Timeframe
RSI is trending up but recently tested/weakened support.
MACD is about to possibly make a bullish crossover.
Support test at $7,900 bounced REALLY high so far.
IF we continue bullish momentum, $8,330+ is our first short-term target. $9k is our mid-term.
TLDR We are potentially creating a short-term stairway to heaven.
For right now, it seems we are bear long-term but momentum is slowly and steadily turning bullish over short to medium term.
KEEP IN MIND, the fall from $9,990 was violent and FAST and can come out of ANYWHERE.
The fall we JUST had today, and subsequent upwards correction, OUT OF NOWHERE.
This is not financial advice, DO YOUR OWN HOMEWORK.
PM ME for my telegram and twitch links.
I go live Mon/Wed/Fri and am gaining quite the following.
My telegram is F R E E and I post there instantaneously if danger/opportunity strikes.
This has been your not-so-favorite Amateur giving you as much info at once as possible, and it'll continue just like it always does and always will.
My name is MC_Peewee,
but you can call me teh Salesman.
Medium-term direction for BTC from the amateur!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 the process of an ABC correction. I have looked around a bit and I'm not the only trader believing that is what we are seeing.
IF an ABC is what we are seeing, we should soon expect a bounce if we are to produce a higher low. A higher low would be ideal in this situation as it gives us another CHANCE to break 10k and beyond.
IF we cannot break $10k+ we will fall again much lower than the initial $7,930 or so we wicked from, and I will cover that if/when we get to it.
IF we go super-bear from here and break past my rising trend line, I will post updates to this thread.
The lowest grey box indicates massive support.
We could and should experience a bounce from somewhere inside of it.
The low of this bounce depends on the strength of the bears, which seems weak.
The high of this bounce depends on the strength of the bulls, which seems strong.
Indicated on the chart with blue price tags are areas of interest which could prove to be support/resistance targets.
The RSI is nearing oversold status.
We experienced a bounce in RSI and price from a recent low of about $8,130.
There is some very strong bullish divergence being produced over the past week.
IF we produce another higher low here, I suspect the following impulse waves will be more powerful than the last.
See here:
RSI has been continually printing lower lows:
Price has been continually printing lower highs:
This indicates strong HIDDEN Bullish Divergence, something I have been touching base on for the past month.
MACD is trying to signal a bullish crossover.
See here:
For longer-term MACD, see here:
For a larger perspective of the above idea chart:
I still think this idea is in play:
TLDR
For now, we're technically bear. If we are in ABC, we should be wrapping it up any time now. The RSI and price action are showing strong bull presence. MACD is trying to signal bullish crossover. Longer-term higher low possibly being printed. Short-term, bear. Medium term, bear-bull. Longer term, VERY bull.
PM me for my personal telegram.
It's FREE unlike most on here.
I am an amateur, this is not financial advice, and as always
DO YOUR OWN RESEARCH.
teh Salesman
The Bearish-Bull MegathreadThis 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 a VERY big way, for the past month. There has been Hidden Bullish Divergence that I feel a lot of people are either just not talking about, or don't see.
I see it.
We are on the verge of an epic price war between the bears and the bulls. For over a month, the price has been getting higher and higher, and the RSI has been getting lower and lower. So low, in fact, that we hit completely oversold status a few days ago, AND WE ARE STILL GOING DOWN. The bulls have barely been showing presence. Up until now, I didn't quite understand why if the bulls were around, they'd let it get this low.
I'll tell you why.
BOTH the bears and the bulls have decided that the $8xxx range is a lot more tasty to snack and feast on, than $10k+. It's a win win for either side. Bears get to destroy BTC in a matter of seconds, and the bulls get much cheaper BTC. In a perfect world, the bears and bulls wouldn't try to fight each other. In OUR world, the bulls have allowed the bears to do basically whatever they want. Why? Because they're training you.
The whales in BTC have literally trained every single one of you to see this as normal. The past month, the Hidden Bullish Divergence has gotten stronger, and stronger, and stronger.
As a matter of fact, both bulls AND bears are trained. So much so in fact, that if you saw BTC right now go up to $9k almost instantly, you'd probably think "It's gonna come back down anyway." Right?
WRONG.
One of these times, you're gonna see the price spike.
Then because you 'know' it won't remain there for long, you'll sell, or worse, open up a short.
Then suddenly out of nowhere BAM the price spikes again.
So you open another short, and so on. Next thing you know, shorts start to liquidate because the price won't come down.
I believe the reason we are seeing Bitcoin go down during Consensus is for the simple fact that it's a fakeout. Look at the front page. Magic, Botje, and others think we will see low 7's.
There are some on the front page even calling for less than that!
I want to make something very clear to you people, the whales do NOT want you buying for cheap.
They want to make you sell your BTC, then buy it back for a higher price than you sold it for.
This is how they make their money.
That being said, the chart is pretty self explanitory. I believe we will see a drop to the $8k region. Worst case, $7,500. It's going to likely go down hard and fast, to trick you into thinking it's going to continue.
Imagine. Imagine if we create a higher low, then go down to my reversal zone. Imagine how many shorts will open up thinking we may ACTUALLY SEE a $7,200 BTC?
Until we see $10k+ I will be posting ALL updates in this thread, because I want to see how accurate I am.
Please remember people, I called a PERFECT reversal almost exactly a month ago. When we hit $6,753.40 and SKYROCKETED.
Unfortunately, I was naughty too, and I broke the rules so the idea got hidden.
My followers remember that call.
Will this one follow suit?
I will be live-streaming TA on Twitch today. I plan to do it pretty much all day.
I also have a telegram channel. I cannot advertise either of them here yet, so please PM me for the links.
I'd love to see you there :D
-teh Salesman
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
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
The ultimate fakeout? Or are the bulls here to play?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 manufactured.
What was their motive? A bear trap? Doubtful. We held on to
$8,300 support really, really well the past 15+ hours.
A bull trap? Possible! Let's see how many FOMO back in.
I did, I won't lie. I had $300.00 profit staring me in the face
yesterday, but I waited and slept on it to see what it would do.
(Bad idea) Woke up, took a shower and by the time I was at my PC,
Bitcoin pumped OUT OF NOWHERE.
OUT OF NOWHERE.
Just like that people, that's how fast you can get tricked, just like me.
This being said, where can we go from here?
Technically we are still in the bear flag. $8,800 resistance is the top of it.
I would prefer a candle closing ABOVE $8,875 or so to prove we're bullish.
If not? We could see as low as $6700 or so. The length of the flag pole on
the bear flag extends down deep into $7,200 support. If we end up going
south from here, a $6,421 double bottom becomes a real possibility.
Zoomed out:
Zoomed in:
Who will win this war?
We basically either go back to $9,500+ or $6xxx
Bitcoin has to go one way or another, my money is on the bulls.
The CrossroadsIf 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 WANT you to think it'll break down.
Then it doesn't.
Scenario 1: Bear
The bear momentum comes back and we drop below the wedge. This would be BAD.
If we break down I believe our first solid support would be $8,440 to $8,482.
If this breaks down past $8,350, you can safely assume we will see $8k or worse.
Where are currently will be hard for the bears to break
as it is a very long term trend line.
The chances of that though in my opinion, are very small.
We will cross that bridge if we come to it.
The RSI is close to meeting resistance, price has reflected this.
The MACD shows a buy but the divergence is too small to be reliable.
Scenario 2: Bull
We need a breakout with some good volume, desperately. In order to consider
going full bullish again, we need a breakout above $9k. Ideally $9,400.
RSI needs to break it's resistance which will allow us further room to the upside.
We can go as low as about $8k while still being in a bullish trend.
We have gotten all good news for the past few weeks.
Wall-Street is telling you not to buy in the news. (Gee I wonder why)
The Consensus meeting is taking place on the 14th.
There is Hidden Bullish Divergence that has taken place for the past 2 weeks,
as well as the longer term Hidden Bullish Divergence from the 12th of April.
So long as we hold here, this will provide even STRONGER Hidden Bullish than what
we have seen for over 2 weeks.
The above 2 resistances will be strong, and hard to break. This is where we need
the most momentum.
If my count is right, we are starting sub-wave 2 of the larger series 2nd wave.
IF my count is right. Within the next day or two we should start wave 3/3/3, a
very, very powerful Elliott Wave sequence. This means an epic green dildo is coming.
I do believe we still need to go down a bit to test the support formed around $8,337.
Ideally, a higher low would be perfect in this instance.
It would allow us to stay bullish and add to the building Bullish Divergence.
Potential Cup & HandleTechnically 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 suggests it's buy time. While I do agree, how long do
you want to hold your BTC for before it hits the profit area you
want? If it's a Million dollars, I'd buy as much BTC as possible.
If it's 10 grand, you might be waiting a few days to a couple weeks.
Either way it goes, in my opinion buying ANY BTC at this level is solid if you
are looking to hold for a 2 month+ timeframe. Noone will tell you
that though because nobody can predict the future. It's all about
the right now right this second culture that I am not a fan of.
If you're looking to make quick profit on BTC, you might have to wait.
It looks to me like it is forming an ascending bearish wedge.
This being said, look to my prior idea for price targets. I believe we
will hold this time overall, but time is running out if BTC is to grow.
From here on out we would need a pretty massive breakout or a few
smaller size ones to go Bullish again. Only a break above around
$9,200 is a bullish sign at this point.
The most likely prices for reversal.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 the weak hands. I don't think this was about price much more
than it was a final shakeout.
For almost 2 weeks now I have been calling huge price points, $14k, $20k, $22k. I still think we will see these.
Why?
Same reason we just dropped from $9,300 in one day to almost a thousand dollars lower.
I am pretty positive you've probably heard of Bart Simpson. Guess what? He just showed up,
and like usual, brought us down HARD. People, I believe this is very likely your last chance
to ever see BTC at this price region again. This drop happened to let the ones who do their
research know that they have one last chance to accumulate for cheap. When Bart revvs up
his engine and gets going, even the jets you see can't catch him.
"Consensus will run from May 14th to the 17th in New York City. The price of Bitcoin has traditionally rallied during the event."
"Fundstrat’s Tom Lee believes that an annual cryptocurrency conference being held next week could see the price of Bitcoin test its all-time highs again."
www.newsbtc.com
trends.google.com
It's quiet. Too quiet.
Imagine a sound wave(Bitcoin) And a sound analyzer (the market)
When are you most likely to see a huge sporadic move?
When the sound (Bitcoin) is loud and noisy? (Aka moving up and down dramatically)
Or when it's peaceful and quiet, and Bitcoin just dumped. Hard?
DYOR - Do your own research people. BIG money has been accumulating for 2 weeks.
Hidden Bullish Divergence is everywhere.
We have a HUGE meeting coming up.
We just had a HUGE dump.
We are sitting on the brink of price disaster.
Wall Street is telling you not to buy Bitcoin at this price. (lol)
We have held incredibly strong support for over 1.5 weeks.
It's quiet in the market. Everything is tanking for good reason.
Bart Simpson just made his third leg down.
What does all this mean? Again as posted yesterday, short term we are
VERY bearish. More so than even I'd thought originally.
The harder we fall.......................
Let's put it this way. There are only 2 buy zones on my chart.
There's a reason for that. I don't think we will go much farther.
The boxes are being held on VERY long term trends.
PM me for my Twitch link as I will be going live today for a short period.
PM me for my telegram channel which is free.
PS
There is only one idea linked below. There's a reason why. ;)
Bear or bull? The amateur perspective.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 try to break. Currently we are 'finding support' on the 1st.
A very bearish outlook suggests we break out of the wedge the bulls are currently forming.
The second we break the wedge, I will update this with more bearish scenarios.
However, I think we will have a short term bull target of around $9,500 or so, possibly even $9,750.
The MACD on the 4hr is still showing a buy. Data for the moment suggest the MACD
could cross into a sell signal - something we really do not want if we are to remain bull.
Notice, however, the MACD is sitting on the edge of a rising support, with an apex forming
around the 23rd of May. Right now, we're at the bottom of support and showing a technical
buy signal, however, this isn't the smartest idea considering the price is falling.
Don't catch a falling knife. Don't be greedy, and don't listen to me. DYOR
The RSI shows a similar story.
Here you will see that we have regular bearish divergence,
but fairly strong medium-term Hidden bullish divergence. The hidden bullish divergence
comes into play during a reversal, because we are currently in downtrend. So this means
that the bulls are still very much so present. I believe we would of fallen a lot farther down
if there were no buyers around, but there are A LOT of buyers.
Notice the regular divergence but also notice the lower lows in RSI yet price lows are getting
higher. This means continuation of trend, or bear, BUT, the bulls are still around so a reversal
is becoming more and more likely as time goes on. When it happens, don't blink or you might
miss $300.
What does all of this information mean? Currently, we are in a short-term downtrend.
The bears are not fully in control as there are buyers present pretty much everywhere.
A reversal is due, a REAL one. The bulls are making their presence very known in the RSI.
Short term I believe we may be bearish.
Mid term I believe we are very bullish.
Long term? Enjoy your $400K-$1M dollar BTC by the end of the year ;)
If we get a STRONG impulse up from bear zone 1 or 2, I'd personally recommend
a 10% buy only for the fact that you'd be buying support, or the bottom of this price range.
$9,500 is take profit 1, $9,750 is take profit 2.
I'd recommend taking 33% or 1/3rd of what you bought immediately.
REMEMBER.
I still personally think something huge is brewing. This hidden bullish divergence has been
building and building and building and building and building.
FOR ALMOST 2 WEEKS.
INV H&S 15M. The trend is your friend. <3People. 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 buy? When to sell?
This being said. I've done my research.
I am not a pro, I am just an average guy like you.
I like to help people, even though I'm an amateur.
I am trying to succeed no matter how many hours
I have to put in.
Look, I don't want money. I really don't. I despise it.
I just need it.
I love people. I use to be a good person until greed.
greed.
took my Sister from me.
The war.
This isn't no feel bad fest. I just want people to know that I stand for something,
JUST like Bitcoin.
Don't listen to comments.
Don't listen to anyone else.
Do your OWN research.
OR you get manipulated.
Your choice.
Take a look at how horribly inaccurate this average Joe has been.
BIG money has been accumulating for over a week.
Bulls haven't needed to use basically any uumph
To keep the price right where they want.
Ladies and gentleman, this is an inverse Head and Shoulders. A normal Head and Shoulders pattern is VERY bearish.
An inverse one, is .. well, inverse. BULL.
The trend is your friend
Sooooooooo you make up your own mind ye?
-teh Salesman
This is dedicated to my late Sister, CPL. Rachael L Hugo.
BTC's TRUE double top!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 barely even trying, and are waiting for something to really move the price.
Aka what I like to call, 'Candy Mountain'.
We are still technically bullish in price even though we are outside the uptrend channel, as anything above $8,500 is still valid uptrend. Not to mention we have some SERIOUS support underneath us. We would have to break the 50 MA, then break 3 supports, then break the 250 MA, then break one last strong support before even considering another downtrend.
I like to think of Cryptos like water - they almost always take the path of least resistance.
$10K+ resistance might seem rough, but what lies below is WAY harder to break, all things considered.
I leave you with a bit of information as to why I see this move happening.
www.cnbc.com
"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? Let's prove it wasn't!
We are all aware of Goldman BALLsachs right? What do you think the first thing they'll do is?
www.newsbtc.com
What do you think this is gonna do to the price?
The last time I proclaimed a move like this, I hit a perfect bottom. The idea is hidden, but I called the $6,753.00 reversal. Some of you may remember that particular idea. Still to this day I get followers that bring it up. On that particular call, I was only off by less than it would take you to buy 2 cheeseburgers.
FROM MCDONALDS.
People, there is a reason us traders tell you to do your own research. Just like I did.
WE SEE things that you don't.
*******************IF we do not break into $20k, $19,803 should be the reversal point. Otherwise, each price tag on the right hand side is a take profit/resistance/support area.
This idea becomes VALID after a HUGE momentum past $10k.
DO NOT BUY until around $10,100 with HIGH volume and HIGH RSI.************************
PM me for my Twitch link, I will be streaming on Mondays, Wednesdays, Fridays and Saturdays. (I'm currently streaming now actually)
PM me for my telegram, I post free signals on BTC and alts! ALL my info is free!
-Your favorite amateur,
teh Salesman.
PS- Watch the comments closely. I will get a LOT of hate for this call.
It's meant to make you doubt this idea. I bet it'll work, too.
The Symmetrical candy mountain of LoveThis 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 it's the $20k resistance that we are going to struggle to get ahead of next? Whales are inside your head making you doubt your gut feeling. My gut feeling is that when we finally get back up to $11.7k again, we aren't going to stop there. What does yours say?
Feel free to leave a comment!
If you pay close attention to what the Hourly, Bi-hourly, 4HR, 6HR, and the 12H are painting in the RSI, you will see icredibly strong Hidden Bullish Divergence, as shown here:
1HR
2HR
4HR
6HR
12HR
Notice the higher lows in price, while the RSI makes lower lows?
This is basically indicating that the bulls are barely even trying,
and are waiting for something. The bears are trying their furry little
hearts out and getting almost nowhere.
I strongly believe,
BTC has one last trick up it's sleeve.
THEN we go bear.
To see how horribly inaccurate I am, I present evidence A, B, and C.
I'm not right all the time. But what if I am right this time?
This is a HUGE move, and I'm far from the only one calling it.
I just decided to re-design the chart without Elliott Waves,
and with evidence that this move could happen.
Speaking of evidence, make sure to hit the play button
on the above ideas. I'm an amatuer, but I'm getting better.
ANYTHING below $10k is a range and is not suited to be traded.
A BREAKOUT with MOMENTUM above $10k is a buy.
$19,308 is for now the final target.
We break that resistance somehow, and it's $21k.
My name is MC_Peewee,
but you can call me teh Salesman.
PM me for my twitch link. I will be going live on Monday, or if this idea plays out sooner than expected.
Join my free telegram! I post BTC/Alt signals daily. PM me for either link.
Bitcoins path of least resistanceOkay, 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 been waiting for something. It
COULD be a better buy opportunity. Whales are setting up
for something big. I use to be very bearish, but once I started
seeing Hidden Divergence in basically every time frame but the
daily, I went Bull. That isn't the only indicator I have seen that
establishes Bull presence, but it is a very strong hint towards
what could happen next.
I am still Bullish despite all the bearish charts being produced.
Why?
Again, there is Hidden Bullish Divergence on all time frames
if you look for it. We are still technically bullish in price even
though we are outside the uptrend channel. Not to mention
we have some SERIOUS support underneath us. We would have
to break the 50 MA, then break 3 supports, then break the 250 MA,
then break one last strong support before even considering freefall.
I like to think of Cryptos like water - they almost always take the
path of least resistance. $10K resistance might seem rough, but
what lies below is even harder to break, all things considered.
Any price above $8,700 I believe, is still technically bull territory.
When we dumped, we didn't dump that far. By my own standards,
we are sitting right outside the uptrend channel and waiting for an
opening back in.
So we are not far off from Candy mountain, we just need a huge push.
A break above $10k with serious momentum is one last chance to buy.
THEN MOM AND POPS MITE LAMBO US TO DA MEWN
Maybe.
xD
Not financial advice. Just my 0.02 Satoshi's painted on a chart.
Good luck and happy trading!
Current price action indicates a breakout is needed!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 as well.
So, as for BTC.
Right now it is currently in an ascending channel looking to form support
at the $9,950 region. Problem is, there is very low volume indicated.
RSI has spiked, but with volume being low we need something fast or the
bears are going to take back control. Outlined in the above chart are two
very key supports. We are quite literally knocking on $10k's door, to see if
anyone is home. There is a HUGE resistance at this level, so bulls need to
break it in order to validate a buy opportunity.
OR
Bounce with serious momentum off of either 3 supports.
I do truly believe we will surpass $10k, and I believe we will have a final
profit target of somewhere near $11.5k-$12k. HOWEVER. We have been
going up up and up, without testing supports to make sure they are going
to hold. This is a problem. Bears need to knock us down to test at least one
of the supports, to confirm there are still buyers in those regions. Right now,
I believe we do not have the needed momentum to break $10k. That being
said, I believe we will fall temporarily to a support.
I am live streaming on Twitch. I also now have a public telegram.
If you would like to learn something new about Technical Analysis,
Crypto in general, want a coin TA'd, or whatever, feel free to PM me.
My telegram is now public so anyone can join. PM me as well if you would
like the link to that as I cannot advertise either sources here.
This is not financial advice, just an amateur's thoughts, painted on a chart.
Always remember. Pigs get fed, hogs get slaughtered.
Good luck and happy trading!
PS- Feel free to take a look at my previous ideas listed below to get an
idea of the type of amateur you are dealing with. ;)
The Bullish BOMBSHELLWell well well, here we have the self proclaimed professional amateur
MC_Peewee - AKA teh Salesman, with a blockbuster bombshell.
No, not a Blonde, Blue eyed gorgeous lady walking down the street.
I'm talking about M O N E Y. Big BIG money.
Remember folks, I'm just an amateur. This could be way off.
I just have reasons to believe it will play out, due to the fact
the bulls are barely even trying at all. Meanwhile, all the bears
are going hard in the paint just trying to bring us down by like
what, 100 bucks? There is something big brewing.
Hidden Bullish Divergence has been spotted in the charts for
O V E R A W E E K.
Yet we're sideways?
The last time I proclaimed a move like this, I hit a perfect bottom.
The idea is hidden, but I called the $6,753.00 drop. Some of you
may remember that particular idea. Still to this day I get followers
that bring it up. On this particular call, I was only off
by less than it would take you to buy 2 cheeseburgers.
FROM MCDONALDS.
I am willing to risk my reputation, to see this happen. If it doesn't?
No guts no glory. I'm riskin it for the biscuit.
Yes, I know it doesn't look right count-wise. Never said I was good
at Elliott Wave Theory. I just use them as trend-lines cause it's easier. xD
I believe. Do you?
Feel free to take a look around my ideas if you want to see how horribly inaccurate I am.
I will be streaming on Twitch 3 days a week. Monday/Wed/Fri.
I now have a public telegram - where you get calls like this for FREE. Where else could you
get free trading advice, etc, etc?
PM me for the links.
Remember. Pigs get fed, hogs get slaughtered.
Good luck and Happy trading!
The latest Hidden Bullish DivergenceCome one come all, get your Bitcoin for a low low psychological resistance of $9,850!
Sikeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
Anything below $10k is a range. Yes, we broke out, but it
doesn't mean jack crap all if it's not gonna keep going.
People, for DAYS I have been calling Hidden Bullish Divergence
pretty much everywhere. Go ahead, check my previous charts.
I'll wait.
.
..
...
....
.....
......
.........................................................................................
Yeah, so anyway. Above we have a gorgeous chart of recent price action.
Notice the price action going up, while the RSI goes down? This is basically
indicating that the bulls are having to exhaust way less momentum, as time
goes on. If you pay close attention to what the 15M, hourly, Bi-hourly,
4HR, 6HR, 12HR, and daily are painting in the RSI...
You have the strongest buy signal even possible given current circumstances.
Again, search my latest ideas.
I'll wa...
Yeah. You get the idea.
Ever wonder why I consistently hit front page?
I'm just some amateur that did his research. Will you?
This isn't trading advice. This is a warning for those that do their homework.
Good luck and happy trading!
BTC Has one last trick up it's sleeve.The current price action has been frustrating, to say the least.
It doesn't LOOK good for BTC..
BUT.
Dig deeper. There's a special little thing in store for the bears.
It's called Hidden Bullish Divergence, and
it.
is.
STRONG.
The bulls are waiting for just the right time to show their hand.
What better time to do it, than the 'death cross' that is looming?
Currently, the 20, 50, and 200 day MA's are converging.
What happens when they finally meet? An EXPLOSION. A BIG one.
Bulls have one last push coming that they have been comfortably waiting for.
Longer-term picture shows an explosion is imminent. Likely today or tomorrow.
The RSI has been falling, but the lows are getting higher. This indicates that the
bears are beginning to lose their power over BTCUSD, at least temporarily.
There has been a LOT of consolidation aka sideways movement recently.
Also. Don't you think we should be going lower considering the strength of the bears?
We should of hit sub $8k levels by now if the bears had any strength left. So guess what?
We gotta go find the REAL sellers. The REAL profit takers. Where do we find them?
The best place of course, is the $11.5k+ region.
I keep trying to tell people that if you believe in BTC, right now at any price is a good buy
considering you could make a very nice profit in coming days. That being said, moving forward (literally)
I suspect we will hit the $11,795 resistance, and brick HARD off of it, because we still don't have enough power to break it.
THIS is when my previous idea linked below comes into play.
Please leave a like, follow, and let me know if this idea helped you out.
I stream live TA on Twitch - I am unable to advertise my link here so if you'd like to learn more,
would like one of your favorite coins TA'd, or just a place to chill, drop me a PM and I'll send the link.
BE CAREFUL if you are short. Have a very tight stop loss.
Good luck and happy trading!
Longer-term buy opportunity.HELLO fellow TV'ers. Here we are, showing signs of some extreme bullish momentum.
My previous buy zone was successful, so I am here to offer another medium term opportunity.
IF we bounce with momentum from the $9,185 support region, that is also a buy signal.
The RSI is showing some extreme momentum.
The MACD has some strong divergence.
I have been calling a bullish run up, for the simple fact that there is Hidden Bullish Divergence on basically every time frame.
Hidden Bullish Divergence means the lows in price are getting higher, while the RSI is going lower.
Greed is something that is very powerful, it grips me sometimes, but I'm attempting to change that.
Pigs get fed. Hogs get slaughtered. So be careful and make sure to take profit when it presents itself.
$10.4k or so should be the final target.
I am live streaming on Twitch, and would love it if anyone wants to pop on by.
My community is small, but we are good people just trying to help teach others not to be afraid of the market.
If you have any questions, or would like a coin TA'd, PM me for my twitch link.
I will update this when I receive above 20 likes.
There once was a bear who now turned bullThere has been some serious Hidden Bullish Divergence in BTC.
Right when everyone thinks it's about to collapse, it prints this pattern.
Will we actually validate the pattern? Doubtful.
I believe the fall from the neckline after completing the head will stir up mass FOMO selling.
Then we go visit $1k support since we've never tested it.
Then we visit $1.00 because the FOMO panic selling is 2powerful5me.
Then because we hit a dollar, every person and their mother and brother buy BTC.
Then because mom and pops finally got in,
The Bull run begins.
This is just an idea. Not to be taken as trading advice.
Just curious to see how it plays out.
WE NEED MOM AND POPS TO LAMBO US TO THE MOON
