Hopium
Bitcoin Elliot Wave Technical Analysis. Hey there everyone,
Here is an extensive short term technical analysis chart analyzing a possible move up before we see more of a Red October/November. I published an analysis a few days ago but I realized that I drew the "X,Y,Z" labels in the wrong place.
This new analysis is based off of "Figure 1-47" in the Robert Preacher, and A.J. Frost Elliot Wave Theory book, in which they illustrate how possbile X,Y,Z double three combos can play out.
Long story short, there is a possibility that we could test the 6850 region again before dropping; A Fibonnaci 1:1 extension target from there would put us in the 5500-5600 region, but I would hope that 5750 would hold.
Let me know what you think! All critiques are welcome. I want to learn!
When Moon?
Ripple bullish long term they say...Make me laugh.
Monthly
3D chart
Oh maybe I should predict the long term trend looking at daily & 4HR chart?
Daily
4HR
According to this 30 minutes chart, the price did not go up because of the shorts closing, it was real buying.
Wow this is huge I am very excited. Something big is happening. The revolution has started.
Bagholders, rejoice, the hardship is behind you. You survived the bear market and now will be rewarded immensly.
Amidoingthisrite?
Oh ye but seriously, buying selling waves and all that stuff
I am not saying where the top will be, don't know, don't care. I got better things to do.
2018/08 - BTCUSD - A Fanciful AnalysisThis is a pure fanciful analysis. Fingers crossed! ((: #hopium
Some #Bitcoin Hopium in this bear marketPosted pretty much the same idea yesterday. Am I bullish? Nope! There can be no discussion we are in a bear market, but I still like looking at all different scenarios and this one stood out to me.
Notice everytime the RSI has hit the oversold area we have seen a rally up. Also notice the double bottom of the RSI in the most recent area. Yesterday I also wrote a bit about this and the link explaining the RSI double bottom is below.
Now as I am new to this, you should most definitely not be taking this as any type of financial advise. I just enjoy running these different scenarios.
pforex.com
Maximum Hopium? Adam & Eve Bottom + Inverted Head & Shoulders!If you're looking for bullish signals, look no further.
If completed, this adam and eve double bottom + inverted head and shoulders would signal a bottom has been found surging the volume and price skyrocketing upwards.
Hopium levels in overdrive here.
Tread the chop carefully and be patient.
My prediction based on nothing but boredom.My predictions based on hopium and gut feeling. Don't take it to serious.
FCT delusional moon dreams. I prey to Satoshi
Shakespeare is Satoshi reincarnated. not many people realize the relevance of his prose in the crypto sphere.
To go long on margin or to not long on margin, that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous rekt on margin,
Or to take Arms against a Sea of whales
And by hodling end them
What is Shakespeare intimating you might ask? Well of course he is implying that we must all be aware of the margin gains goblin. Wicked whales whip saw the wild wondering market. Sometimes its simpler and easier on the soul to buy on the spot market rather than with margin. And although shitcoins perhaps lack long term viability and reliable growth in their btc pairs, we can revel in the shitty shittyness of the shitcoin like a fat pig wallows in the mud and debris of its pen before its ends up slaughtered by the farmer. But you see we are no ordinary pig. As traders we will take the whale bait and get as fat and ferocious as we can; wring out as much food and financial sustenance as we can and escape before the whale farmer slaughters us. ‘You see a shitcoin by any other name would smell just as shitty.’ What is Shakespeare intimating with this quote? I believe he is implying that only insentient crypto clowns perceive the adjective ‘shitcoin’ as a negative appraisal of crypto worth when in fact it is actually a compliment. Shitcoins are the fecal glue that bond the heroic autism of greedy computer scientists trying to cash in on the crypto fad, with the purported altruism and viability of so many shitcoins as the seemingly ever growing masses exercise their right as a shitcoin soundboard to drown out any criticism of their beloved digital tulip.
FCT, like LTC LSK BTS BTC XLM are among my HODLs. Ive analysed my chart using elliot wave meme lines and in addition to technical analysis id like to think this hodl is supported fundamentally. Unlike many useless shitcoins, FCT seems to have decent fundamentals. It has a fairly small market cap of 342 million, small coin circulation of 8,745,102, clear whitepaper and active development towards perhaps a more realistic goal of recording keeping on the blockchain which is a far cry from the often inviable goals of other cryptocurrencies. Devs have decent funding raising around 1.5 million in 2015 and 8 million in 2017. The coin is listed on poloniex as a margin coin and and has been in active development for 3-4 years meaning it has market support as a coin that has weathered bear markets. There is a possibility that FCT breaks out of its long term sideways structure but I may also be consumed by delusional unrealistic moon dreams. Ive identified possible meme line support levels as possible stop loss points and cost average points. We could also face a head and shoulders which could mean more down for the right shoulder around 0.002. Trade with your own due diligence and only trade with what you can afford to lose. Im a virgin with no friends who gets rekt in crypto. idk what im doing.
