BTCUSD in the Bitmain Board Bomb: Bitcoin Bulls BatteredBitmain Board Bomb
this is Speculation Utter not Accusation.
this is Disclaimer Replete any Assertion.
this is Analysis of Events as Causation.
Nothing More.
Bitmain was Born with Bitcoin, it thrived in the Bubble.
Bitmain has Lost much Money, it conspired in some Rubble.
Bitmain has Lost its very Head, it has acquired Trouble.
the Board is moving People and Powers.
the Board is closing Mines and Miners.
the Board is losing Faith and Followers.
it was to be the Apple of all Crypto.
it was to be the I P O of the Decade.
it was to be the King of all Kings.
Jihan was the Man, the man with the Plan.
Jihan met Ver, other man with other Plan.
Jihan bet BCH, other coin with new Plan.
Jihan lost his Job, Ver lost his Bet.
now they say Bitmain has much Debt.
now they say Bitmain cant pay Bills.
now they say Bitmain might not IPO.
the Bomb was surely Inevitable.
the Bomb hit during Unstable.
the Bomb will be Memorable.
so some Investors pulled their Fare.
so some Traders pulled their Hair.
so some Brokers pulled their Tear.
the News made the Impulse.
the Splash made the Ripples.
the Time made the Waves.
we can see the 123 and 4
we can expect soon the 5
we have a Last Line of Hope.
but we need a New Reason for Return.
cuz we know Those Bulls cant Return.
thus we wait the Return of the King.
Long Live the King
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Ordered Chaos
every Move is born with an Impulse, like a Pebble into water.
every Pebble bears its own Ripples, guided by a Golden Ratio.
every Ripple behaves like the one previous, setting the Pulse.
each Line adds to Gravity.
each Line must be Tested.
each Line has some Aspect.
2 line conjunction is Dependable.
3 line conjunction is Respectable.
4 line conjunction is Worshipable.
every Asset Class behaves this way.
every Time Frame shows these ripples.
every Brain Chord vibrates the same.
He who Understands will be Humble.
He who Embraces will observe Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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Fibs
ARK/BTC DAILY VIEW-Support/resistance flip, could take off soon!Looking at the daily, the price seems to be making higher lows and the level that was continuously tested as resistance for a whole month should now act as support for at least some bounce.
If it takes off for real, it could very well go for one of those resistance levels.
AST/BTC Broke the previous high, waiting for a retraceSince we've seen those recent highs broken, maybe a good retrace for a BUY would be around the 1635 level which falls within the 1H orderblock between .62 and .705 fib levels, plus that's near the level of the previous high that we have broken with this impulse. This idea comes with a stop below that 1453 recent low.
NEO/BTC small reversal coming?This current retracement lines up well with the fibs (just under .705), successfully tested 4H(red) and 1H(gray) bullish orderblocks for support, and seems like it wants to make some higher lows.
All somewhat good indications of a possible move upwards.
Next step would be breaking the yellow pivot line and establishing support on top of it beofre attempting to break further resistances.
Upon successful bullish momentum I'd expect the final target for this short term(few days/1-2 weeks) movement to reach that tiny gap that it has left unfilled around my TARGET area.
Of course I may be completely wrong which should be obvious if it breaks that previous low and keeps attacking the bullish orderblocks.
If you're looking to enter right now just keep proper risk management in mind and all will be well. A more conservative entry would be when it tests yellow level as support AFTER breaking it.
Ruh Ruh, Spag-hetti-oThis is same fib I warned we would get throw from at 8500 when everyone got excited about that other "downtrend" over in my Discord and Facebook group. Its the same fib we have been fighting all year.
Hitting that fib is again this time is another 'fake break' of a sloping trend that 90% of people are watching.
The trend is nothing. That fib controls the game.
Trend breaks. FOMO buy in. You REKT.
Remember whales eat plankton and bears eat small fish.
BTC Fib StrategyAs I have pointed out before, BTC likes to bounce at the .886-1.13 and the .618 retracement.
Every retraced run has resulted in 100% accuracy of the predicted move within roughly 100pts
of the retracement mark. The retracement for 2 runs ago gave a nice bottom pattern within 100pts,
and now this leg up has come within 100pts of the .618.
The strategy is to project the fibs at the swing points and take a position
within 100pts.
BTC is also in a triangle. If I had to guess I would say it will proly result like the last one
(bull trap breakout and eventually breakdown).
SPY Fib Analysis 9-24-18We touched heavy fib resistance 3 days ago and have received 2 red days since.
Retracements plus projections.
I am projecting that this is a heavy resistance level.
If we can rally through this zone I expect to see prints near the 1.618 retracement level
of the first major pullback.
At these levels I am remaining delta #neutral.
BIDULook like Chinese names are improving since the news that talks will continue between US and China. I'd be looking for the test of the 38.2% resistance on the fib retracement before it pulls back again, longer term the chart is looking dangerous. It seems to have broke its uptrend from last earnings with a gap down back at the beginning of August. will be watching support around 210 if that breaks will see further weakness.
Potential Reversal Zone For BTCOnly posting this because somebody asked.
I don't trade crypto anymore.
May still chart it because it's fun.
My potential reversal zone is between the .886 and 1.13
retracement of its last run.
This has proven to be an effective pattern for BTC.
Put it in prices so you can have an official PT.
Why and when trends failHere, using gold I demonstrated the importance of time analysis. Most of traders analyze only price action in relation to price and most of indicators can do only that.
However price need to be analyzed also in relation to time, as price moves in Fibonacci sequences not only in price scale but also in time as you see. And when it hits an important Fibonacci TIME extension, a trend will change direction for hours, months or years depending on timeframe.
With these tools you can analyze time action:
Fibonacci time extensions
Fibonacci time zones
Fibonacci arcs
Fibonacci circles
Fibonacci fans
Pitchfork fan
Gann fan, Gann angles (to place Gann fan you have to LOCK scale. Then put 45 degree angles. Angle 1-1 has to run by 45 degrees).
Gann boxes
Cyclical oscillators, CG Oscillators (Center of Gravity as Fisher, Ehler's CG)
How to draw Fibonacci Time extensions - traditonally, time cycles are measures from LOWEST LOW to LOWEST LOW. You find 2 lowest lows and drag Fibonacci time extension tool between them and then drag back the third line to the first low where you started. Then you have Fib time extensions from the second lowest low that you connected, into the future. Its important, it has to be absolute lowest low. If you do it on weekly, zoom to daily and place the end on absolute daily low.
Fibonacci Time zones. You place 1 on lowest low wig, 2 has to fall on the next candle. Best to do it on daily. 1 candle -1 time zone unit.
BTC Fib ZonesMore detailed chart. I enter the fib values manually to ensure theyre precise. BTC likes to bounce in this .886 - 1.13 zone. 1.27 lining up with trendline is likely target if 1.13 fails to hold. Secondary fibs lining up with 1.27 and 1.41. Notice the price action how the candle wick slap the fib on the first day of contact almost every time. This is where i have my orders at.