BigApeManStrong

BigApeManStrong

The market is approaching resistance. I expect for the local high to be broken in order to suck in the remaining balls, and then we may see the most violent multi-year downtrend move we've seen in our lifetime. Historically, when interest rates are cut after a period of tightening, the market will completely fall apart a la 1929. Obviously, this kind of crash...

BigApeManStrong

It's pretty obvious what's happening here. Relatively low volume and overall negative sentiment in the economy; continued rate hikes and poor earnings performance - just imagine what the earnings will be next quarter when the recession really hits people. The canary in the coal mine is the housing market and the historic levels of consumer credit card debt; who's...

BigApeManStrong

BTC could be on the verge of a huge breakout; DXY is showing signs of slowing down; SPX is showing signs of a reversal after a massive downtrend; the entire market is 'bearish' (put/call premium are 3x higher than ever in history); and of course, a massive falling wedge which has resulted in nearly all of the pumps since 2017 and prior. And most importantly, the...

BigApeManStrong

Ascending wedges have historically resulted in a bearish breakout a MAJORITY of the time, descending wedges have historically resulted in a bullish breakout a MAJORITY of the time. The chart speaks for itself. We are over extended to the downside, expect upside soon if the DXY double tops or struggles to move above the 114 area.

BigApeManStrong Updated 

The chart speaks for itself: a descending wedge and the MACD sell volume is tapering off as price is descending (bullish divergence), Very likely to see a 50%-150% move on RGT soon since there is barely any selling pressure,

BigApeManStrong

The chart speaks for itself. The largest BTC breakouts during the last and previous bull cycles have come from descending wedges. I don't think we will hit 14k, realistically. Too many people are expecting it. I imagine, 15k maximum and then a serious bull run upwards. The other main reason is that the DXY looks like it may hit 114 but after that, there are...

BigApeManStrong

BTC most likely will drop out of this ascending wedge. The chart speaks for itself. Bitcoin loves to fall out of wedges (almost every single pump and drop has been preceded by an ascending wedge (in the case of a drop) and a descending wedge (in the case of a pump). I expect to see a 14k BTC capitulation move if 22K can't be overtaken. We may see it touch 22K...

BigApeManStrong

The chart speaks for itself. Extremely oversold, over a -50% drop from the exuberant ATH just a few days ago. We're in for a huge run back up as the sellers are exhausted. Also, bullish falling wedge.

BigApeManStrong

Looking like a bullish formation. Potentially a drop to 54 but lots of liquidity at 54/55. Expecting 75 or so in the short term.

BigApeManStrong

Classic falling wedge pattern, We haven't had a re-test since our rally. All dependent on whether or not Bitcoin has a relief rally or capitulation to the downside. If Bitcoin can stabilize, QSP has some nice upwards potential.

BigApeManStrong

The truth hurts. The ultimate Bitcoin bear scenario (hopefully this isn't the case).

BigApeManStrong

The chart speaks for itself. It is clearly over extended to the down side and selling pressure is slowing down. Intuitively, everyone is confident about a short given the sell volume overhead, however, that could easily turn into a squeeze.