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Scamwick

Take CareWe've followed major capitulations/reversals before such as April capitulation of 2013, July reversals for 2013 and 2017, September capitulations in 2013 & 2017, reversals in October of 2013 & 2017. Will the November 9th capitulation be any different? I'm going to say probably not. I expect a 'scam-wick' down to anywhere from 56k to 47k before we finally make a significant move upwards that we've been expecting for November/December. To see the patterns I'm talking about, refer to my related ideas.
INDEX:BTCUSD
by Ungovernable
2
BTCUSD, A new long to 70kQuick update on the previous post that got stopped out ~60k on Oct. 27 We may be on an impulse wave 3 uptrend to 70k, but a breakout is not confirmed given the fact that: Price is still in downward parallel channel Hull MA hasn't crossed over to green Price hasn't crossed over the bearish trend of the Hull MA MACD hasn't crossed over yet Once at least 2 of these indications have been confirmed the likelihood of 70k increases This idea is invalid if we get another scam wick below lows of 58k on Oct. 27th. This may very well happen if we get a rejection at the Hull MA as of this posting. Overall: Support lines: -Monthly R2 at ~59.2k -0.236 fib retracement of minor impulse wave at ~59.1k -Lower parallel trendline support -Downward white trend line -Fixed range Volume profile low at ~58.8k Resistance lines: -Fixed range Volume profile high at ~63.3k -Monthly R3 CPR at 65.8k -Larger parallel channel upper trendline, if placed with the New Moon phase, it targets ~70k -Hull MA as of now -Upper trendline of low timeframe parallel channel Invalidations: -59k for minute impulse wave -0.5 fib retrace of minor impulse wave at ~51.4k
BITFINEX:BTCUSDLong
by linebands