I remember when XRP was a babyI remember when getting some XRP at 0.0065 cents.
Those were the wild west days for ALT coins.
Back in 2016 I had no fundamentals besides just having a mindset to buy some at the end of each the year.
I got lucky and can't leave it up to chance. Stick to your TA or whatever floats your yacht.
Long story short. I have passion for TA and my older brother is all about the fundamentals.
TA is my favourite past time since 2017. It took some years to find my craft and I'll keep on learning new styles.
I like to keep things simple.
give credit where credit is due
Quick Shutout to Tone Vays and Steve, I highly recommend Tone's workshops and OPTICALARTdotCOM tutorials.
Just because you or I miss out on a trade
"There will always be another trade" Tone Vays
Tonevays
Forward Industries & what it doThe top of the funnel is $67 if drawn straight up from today’s candle. When I entered the trade at $1.03 on Jan 4th 2020, my target was $50, but a year and change has passed, and we’re in a different area now, aren’t we? So, I raise my target from $50 to whatever the price is when it finally reaches the top of the funnel. Maybe I’ll peel some off at $50, or maybe I’ll let it all ride to $100
Bitcoin TOP may happen in Mar 2023 target 320000 ?I'm using MRI indicator provided by Tone Vays. And Heikin Ashi chart of BLX on 1M. Since MRI indicator works very well on this chart. As you can see, MRI picked every top and bottom beautifully in every cycle. The second cycle did not show the 2nd MRI top because of some data mistake, if you open MtGox trading data, you will see the 2nd MRI top happened in Nov 2013.
Notice each cycle we added one more MRI top. And this time it may take 4 MRI tops to finish, which is 36 months, and we are going to finish the first MRI top now.
The price jump percentage could be tricky. I'm being conservative here, even if we only got half the percent of the last cycle, and one-sixth percent of the cycle before the last, we still have 320K as the top. And if Bitcoin really wants to moon, sky is the limit. 750K or even more than 1 million won't surprise me in this chart.
And according to previous cycles, the bear market bottom always higher than the second-last MRI top. For example, in 2019, we bottomed around 3000, the second-last MRI top in 2017 is 1320. In 2015, we bottomed at 228, the second-last MRI top in 2013 is 34 dollars. So I don't expect we will ever visit 20000 in 2023/2024 bear market. Maybe not even visit 100K in the next bear market based on how high we can go after 3 MRI tops inside this cycle.
THIS CHART LOOKS SHITY ! DOWN TRENDI AM BTC STANDARD GUY . AS UGLYOLDGOAT AND TYLER JENKS ( R.I.P GRANDPA THAT I NEVER HAD) DESCRIBED IT
I THINK THERE IS A PLACE TO BITCOIN IN PPLS DAY LIFE AND THE LAST THING I WANT TO LOSE MORE THAN I LOST ALREADY.
I MADE A CHOICE FIRST IM A CHARTIST - A NEW ONE, MATURE AND MESSY. VERY VERY MESSY. AND IM LEARNING EVERY DAY TO CHART.
THIS IS WERE ALL THE Q&A R EXIST
ALL DESIGIONS, FEARS, HAPPINESS, TEARS, MACRO CROWD DESIGIONS, BIG PLAYERS AND MARKET MOVERS
ALSO THE PPL THAT R NOT PARTICIPATE IN TRADING ALSO HERE BCAUSE SITTING ON THE BORDER OR NOT KNOWING ABOUT THE GAME
IS ALSO PART OF THE MACRO GAME. IN ANY MARKET NOT ONLY CRYPTO.
AFTER THIS PROLOG - PLZ ANSWER, DO YOU C THIS CHART BULL ?
IF YOU LOOK ON THE TREND - YES IT IS IT IS BULLISH AS FUCKING SHTRONGOL
BUT WHAT KEEPS IT UP ?
THIS IS WEEKLY CHART AND THERE IS NO VOLUME AND I CARE LESS ABOUT VOLUME ON CANDLES ( THAT ALSO DECLINES AND LOOSING FUEL)
BUT IT DOESN'T TELLS YOU HOW STRONG IS THE TREND.
VPRV IS TELLING YOU THIS. AND - WHERE IS IT? GREEN BOX ON THE VPRV IS A FIFTH OR LESS THAN PREVIOUS YEARS
ALSO FOUND NEW ( TO ME ) DOWN TREND CHANNEL THAT REJECTED ALREADY 5 TIMES - ORANGE ARROWS.
USUALLY IF PRICE HITTING SAME RESISTANCE SEVERAL TIMES IT TEND TO BROKE - BUT 5 TIMES ALREADY IN 3 YEARS...? AND IN DECLINING ANGLE?
THE YELLOW CIRCLE TELLS ME THAT THE TREND CHANNEL IS LEGIT- SO THE NEXT LOW IS WHAT ? 2500-2000$??
TONE VAYS GONNA GET 2 STEAKS FOR HIS BET ?
LOOK AT RSI BREAKING UNDER 50, MACD - SAME.
THE GREEN BOX IS THE PLACE WHERE WAS THE LAST SIGNIFICANT VPRV FROM WEEKLY PERSPECTIVE
RIGHT NOW WE SITTING ON 50 EMASMA AND ORIGINAL S.A.R( LUCID S.A.R IF YOU SEARCH IN INDICATORS)
MOVE TO 8200 PROBABLY WILL FLIP THE S.A.R AND BREAK THE EMASMA- AND THEY R USUALLY NOT CHAPPY INDICATORS ON BIG TF AS WEEKLY
THE CHART JUST A CREATE ANOTHER LOWER LOW ...
IT LOOKS LIKE FROM 08.2016 LESS AND LESS NEW MONEY COMING IN OR MABY THERE IS MORE MONEY COMING BUT NOT ENOUGH IN AMOUNT THAT NEEDED.
ENOUGH TO OPEN "BITCOINS WALLET CHART " SOME HUGE SLEEPING WHALES, SOME HUGE DEAD WALLETS WITHOUT KEYS
SOME CRYPTO EXCHANGE WALLETS THAT MOVES IN AND OUT OUR BITCOIN THAT WE TRADE . AND HUGE NUMBER OF WALLETS WITH MICRO AMOUNT OF SATOSHIS.
ADOPTION AMONG SIMPLE PPL DECLINING WITH MULTIPLY ALTCOINS- ITS CONFUSING - "BITCOIN.COM" / "BITCOINSV" AND ALTS
AND SOME HARD BITCOIN PERSONS THAT STARTS EYEING TO "ANOTHER GREAT UNDERGROUND FARYTALE MONEY"
THATS WHY TETHER PROBABLY WILL B THE CRYPTO TREASURY DEPARTMENT ...THEY GONNA PRINT TETHER AS MUCH AS THE ENVIRONMENT NEEDED TO KEEP IN NOT
ONLY HUGE AD/PROMO CHARITY FUND CAN HELP SPREAD THE IMPORTANCE OF BITCOIN- IM WATCHING THIS MARKET SINCE END 2017
UNCONDITIONALLY UNBITCOINERS HAVE MUCH HIGHER VOICE THAN BITCOIN STANDARD PPL
SO THIS IS MY 50+ CENTS
HOPE PPL THAT I TAGGED WILL NOT BAN ME FOR MY MATURE SHIT
SORRY FOR MY ENG- LEARNED IT IN LAST 1.5 YEARS
SINCERELY ME
Bitcoin HyperElliotsWave caseHi boyz
Here's my latest set of deep analysis. Went through extensive reviews of counts, rules, rules that justify broken rules and other awkward meme invalidations AND all possible "IF" or "MIGHT" or "COULD" or "POSSIBLE" hindsight scenarios and came up with this remarkable work.
Hope it clarifies any doubt were we heading.
Trade safe.
Peace
vsh
$MCK - Inverse Head & Shoulder Setup with daily TD 9 I'm very bullish on $MCK and their 2020 plan. The drug distribution company is selling off due to FDA issuing warnings to all distribution companies for shipping "illegitimate" opioid products. I encourage you all to look at the software side of $MCK's business and the McKesson 2020 plan.
As for the charts, Daily TD 9 from Tone Vay's TD indicator + an inverse head and should forming.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
P.S: America Will Never Be a Socialist Country.
Timing the BTC bottom with Murad, Vinzen & Tone V.MustStopMurad had this analysis where he suggested that the next BTC bottom would be around the 300 MA.
Tone Vays has for a long time compared MA crosses from 2014 with todays MA crosses for estimating how far into the bear market we currently are.
Yesterday when watching Tone Vays video with Vinzent and Willy Woo (first of the recent Thailand videos) Vinzen suggested with the Fib Time Zone (I believe) that the bottom would be between 2020-22. Combining the above two analysis’ which I attempted in the chart actually suggests the same a bottom around 2021 which I found interesting. Estimations of moving averages is drawn by hand so not sure how accurate this will be (and obviously these estimations are also just a predictions so could be completely inaccurate). Would still be very interesting to hear peoples thoughts on this anyways.
Best regards.
This is it: Descending Triangle building up for Bitcoin (BTC)This is it: Descending Triangle building up for Bitcoin (BTC)
Hey guys, my last scenario is still playing out but it is critical that we hold this 7800-7700 level. Otherwise the odds will highly shift in favor of the bulls in a perfect descending triangle pattern that has been building up for the past 2 to 3 months.
This also reflects to be a mirror image of Bitcoin from December 2013 to May 2014.
This pattern makes sense, if you think about it. A lot of people are talking about locking in profits now where last year it was all about 'hodling.' What that psychology is doing to the market is getting bounces of known levels and then selling faster and faster every time. The ONLY way we can break this psychology is by crashing through 9k and all those people locking in profits will get left behind. When this keeps happening again and again, the buy and hold culture will come back thus taking us on a third wave to 11.8k.
There is NO WAY to ignore this descending triangle pattern. I hate to admit it, I've been looking for other patterns but that is me trying to not be objective. Thus, I'm giving this chance a lot more probability at this point.
This will also prove Tone Vays right about going down to 5k (or below). HOWEVER, I am still bullish in that we will recover from this quickly. Like McAfee said on an interview:
'It doesn't matter how low Bitcoin gets, it will come back with a viciousness you've never seen before EVERY TIME'
And I believe that as well :)
That is because I think people FEAR most missing out than loosing profits.
What are your thoughts? What day or year/month are you reading this now? Comment below...