Ridiculous
MITH, Super BullishHi everyone,
Long shot on this call - I was more or less playing around with sine waves on the BTC pair for MITH and came up with this (possibly because I happened to want all of the waves to intersect where they do - or - possibly because they actually do signify the changing of trends at this point. I'm not sure).
However, what I really am basing this call off of is the USD pair. It has very significant bullish divergence on it. As well, there is a token burning on the 31st for MITH, so that could be a possible catalyst for the trend change.
Will post the USD pair chart shortly.
Not trading advice. Again this is a super long shot trying to call a bottom like this on a coin I known very little about, besides that it is a competitor to STEEMIT. Most likely this won't play out like I hope.
Super Longshot BTC TopNot sure why I've never posted this before, but potentially we are on Wave-4 on the larger scale for BTC (currently in Wave-B ). I've put the bottom of Wave-4 at the 61.8% retracement of Wave-3, because Wave-2 retraced 38.2% and the rule of alternation suggests that Wave-4 should cover more price range. It's also the top of Wave-1, and Wave-4 should not retrace into Wave-1/2 territory ever to be valid, so this seemed pretty reasonable.
I've put the end of Wave-4 at the time where (assuming Wave-B finishes exactly in the same amount of time as Wave-A) Wave-C = A+B time.
This then gives us an insane upside for BTC Wave-5. It looks like Wave-1 was the extended wave, so Wave-5 won't be massive in vertical size on log scale... however, it still could be HUGE in price as stuff gets silly on log scale very quickly at these levels. Targets for Wave-5 are based on:
-38.2% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
-61.8% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
-100% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
Use the left scale - I had to do a few tricks to get the fib retracements to work correctly and the right scale isn't accurate at all.
Not holding my breath on this idea, but the retracement of Wave-1 in the last correction ( Wave-2 ) is perfect at the 38.2% spot, and my guess at the retracement for Wave-4 lines up super perfectly with the top of Wave-1.
Who knows... maybe we'll all be super rich in a couple years? Hahahaha....
Definitely not financial advice, I'll cry if this happens.
Ignore the indicators.
What is this?What in the world is this nonsense? Looks to me like Google investors are VERY confused! I wouldn't touch this thing with a 10-foot pole.
Just wanted to share my thoughts on this ridiculousness...
Bitcoin BTCUSD Update next buy point Bitcoin: BTCUSD
The new long is going quite well, so far...the measurement
implication of the pennant formation is 8079.
However 7890 is the absolute high and profits should be
realised now. Look to go long again on break above 7900 for
move to 8079. Stops 50 to 200 below
Careful here right on the highs can take profits here if day
trading or raise stop to 7870 in case we stall...up to you as
per risk profile
just now
Trade active: and if you do take profits be ready to go long on
a break above 7900 with stop 50 to 100 below at max.
Measurement implication of the pennant is 8079 once 7900 is
broken
