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Foreseeable scenario #2Compare & contrast 2017's final capitulation to our current capitulation. 1: One last attempt for 33.5k 2: Once it drops from the failed push & the RSI's bottom trendline I've marked is hit, capitulation begins 3: A rounded-recovery instead of a V-recovery would help validate this scenario -- if it makes it that far 4: This may or may not reset the accumulation phase again until we have a supply shock (i.e. big V-bottom crash or far prolonged accumulation phase trigger) Unlikely that we follow it verbatim, but it gives us some targets. Still longing as I think we're near a bottom - obviously not suggested if you're leveraging... See scenario #1 in related ideas.
INDEX:BTCUSDLong
by Ungovernable
1
No one actually understands how bullish this isFirst - for the more obvious bullish divergences on OBV, RSI, & MFI. I had a hell of a time trying to find anywhere with a similar divergence But the places that I did find them had a massive pump following Additionally, you're probably confused about the TLT chart. These are 20 yr bonds that fluctuate more or less with the strength of the dollar, interest rates, and yields. These values are very telling when it comes to determining the 'health of the economy'. Knowing that, I was able to give data to the health of the economy and put it against the market cycles of Bitcoin to see what kind of environment it needed to grow. I noticed a pattern and certain conditions that must be met for Bitcoin to surge. Take out one of these characteristics, and you don't have a green light for a full blow bull market. Condition #1: Massive sell-off of the TLT bonds followed by a relaxed recovery . This lights the fuse. Condition #2: Volatility of these bonds must be in check. Any massive fluctuation after the fuse is lit will put it out. These are represented by the little dots from an indicator called a VSTOP . The Inception of Bitcoin followed the 2008 crisis, so the switch in VSTOP is backwards, but still relatively illustrates correctly. Condition #3: The underlying data responsible for the TLT price action must follow a particular pattern. I've measured this with a moving average and smoothed moving average crossing of the TLT's RSI Similar to a death cross or golden cross. Green above red signals this 1 of 3 conditions true. So, to determine the start and end of a Bitcoin bull-market, the green must be above the red, and the VSTOP must be in the gold . With all of this, it appears Bitcoin is far from done pumping. Thanks :)
INDEX:BTCUSDLong
by Ungovernable
Possible 2x On The Way For BAL/BTCBINANCE:BALBTC COINBASE:BALBTC COINBASE:BALUSD BINANCE:BALUSDT BAL has a fairly nice setup with a likely bullish outcome on the BTC pair, with the price ranging between a massive descending wedge & looking ready for a macro breakout which would lead to a 2x in BTC price (likely higher) Expecting a breakout towards that .369 retracement as the likely target for the first wave on the breakout! The USD pair is also looking bullish on the macro scale too! Watch this one over the next days & weeks!
B
by RandomOracle
16
Bitcoin Meets Elliott Fibonacci: The Definitive CountBitcoin’s run thus far has been wild. The future will only get wilder. Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit. Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually take the time and count the waves. Also, just to put it out there, if Wave 2 and 4 are both zig zags within an impulse, I consider the count likely invalid. This is what I’m seeing in most predictions that predict we are in a primary Wave 5 cycle. It sort of irks me but to each their own. All forms of analysis is subjective after all. Watch out for the huge drop near $110-$120K. This rollercoaster ride will not be free.
BNC:BLXLong
by DigitalSurfTrading
1
Pfizer here we go! Holding while price is green. 🚀🚀🚀Stocks trend. A lot. Much more than Forex. Pfizer is going parabolic while breaking all time high and $50, this could be the start of a big trend, or it might not. Let's look at a few examples starting with Pfizer. Clearly we see how with stocks we can make big multiples of our risk. Like 25R in stocks versus 10R in Forex (for example, reality is probably close to that) Zooming in the little impulses: I don't know how many "casuals" are interested in Pfizer, but it is a word billions of people know. We can look at Tesla & PonziStop: How about another one just to illustrate? So the question is, how to hold on but without giving back all profits? 1 solution is sell half once a stop is reached keep half with a much wider stop. Smooths out the PnL. And this is probably what I'll do. On a longer TF I'd look to add, here this is all a short term play, expecting the stock to go parabolic. I am at exactly 5 times my risk (counting spreads) as of writting this. Hasn't even been 2 weeks yet. Talk about a monster. This risk a monster correction too. Hopefully it warns before.
NYSE:PFELong
by MrRenev
4
Covalent is a small cap gem! Potential 10x in the coming months.Covalent (CQT) was a hyped project on CoinList with an ICO a few months ago. It has similar functionality as The Graph (GRT) and could eat it into its market cap. Covalent has gone up 300% in the last month but has a lot more room to run - I could see this as the potential next Solana. Coinlist ICO with hype, nothing for a little bit before raging its way into the top 100 or even top 50 within a years time. It has moved from about 560 to currently 342 on CoinGecko. GRTs current market cap is $3.8 billion. CQT is only $112 million. That's 1 /33 of the market cap. Not saying CQT will take over GRT and its technology. However, the project has great fundamentals and tokenomics. Whereas GRT has struggled with price action since its ATH in February (still down 75%), CQT is back already to its listing price on Kraken and other exchanges. I see a bright future ahead and the 300% gains for the past few weeks are just a start. As it is a small cap, do not put a great amount of your portfolio - i.e. no more than 5%. However, it could be a great long term hold that will continue to fly as the bull market continues through to next year. I could foresee Solana or Avalanche like gains to come (new projects that have shown they have great tech and will stand the test of time).
KRAKEN:CQTUSDLong
by ffara