DropDead_Fed

DropDead_Fed Updated 

Looking at the weekly 50 MA and past 2014 bear market - overall has been playing out almost exactly step by step. If this plays out like 2014, then this latest break below the 50 weekly MA will see a retest of the breakdown at ~8200 and then a fall from grace to say ~4500 before next bounce and a slow decline to settle somewhere between $1100 and $5000 during...

DropDead_Fed Updated 

Litecoin and much of alt coin market along with bitcoin appears to potentially have bottomed and is in classic Wyckoff accumulation pattern. A potential breakout here above 420 would mean a run up to ~$700+ next trading range. So the bull trend is really strong and would expect to see BTC test and break above 11.7k in the coming days/weeks along with alts...

DropDead_Fed

I see bitcoin, Ethereum, and almost all major alts now in similar patterns: 1. Short term Wyckoff distribution (black lines/text) which is bearish 2. Longer term Wyckoff accumulation(blue lines/text). If so, we could go sub-6000 to create a better "spring" in $4500-$6000 range with a capitulation that could touch ~$4500 around 78.6% fib. This would achieve the...

DropDead_Fed

I could see this now as a short term wyckoff distribution and the longer term spring is not in yet and we go back to test below 6000 to create a new better spring. Will post longer term ~$4500-$5000k bottom chart later.

DropDead_Fed

Pending of course no major catastrophes with the technology or displacement with another decentralized currency.

DropDead_Fed

If price closes around $8800 on Sunday, we have a perfect bearish doji forming on the weekly.

DropDead_Fed

Short term bearish with weekly doji about to form if we continue consolidating around $8800

DropDead_Fed

There are many similarities between the 2014 bear market and 2018. Everyone says, "this time it's different" - but BTC is like any other bubble pop and market with exception of its inherent higher volatility and scare resource traits. I think fundamentally it's got incredible strength, but we have all learned that it doesn't follow fundamentals as much in mid...

DropDead_Fed

In using a LINEAR Scale, the following two scenarios have some striking fractal/similarities. As much as I want to see bitcoin quickly tank to $3k bottom of value channel, it seems rather bullish still. I suspect move could take us to ~11.7k+ on either the red or blue channel/bear flag shown before ~20%+ selloff back to trading range.

DropDead_Fed

Bond king says once 10 year rate gets above 2.63% stocks will suffer and they did starting Jan 6, 2018. BTC also is the lead ing consumer/speculator sentiment and you can see SnP following it's lead, both highly correlated and lagging. Only commodities escaped January corrections. youtu.be

DropDead_Fed

if we break this parabolic ascent, I see a bear market, but given the bullish news lately and stopping of FUD, we could just continue this parabolic ascent.

DropDead_Fed

all indicators very bullish

DropDead_Fed

If XRP breaks down here on TDSA 4 buy candle... I see XRP short: risk 1 to make 25

DropDead_Fed

Fundamentals changed to bullish with last week's ECB news of banks potentially holding BTC as well as CNBC going full retard on pumping BTC and platform alts... Let' see how strong BTC can hold after testing 4 HR and daily MAs screenshot:

DropDead_Fed

Low volume area expect bounce here off 200 MA, If we break, we could head to ~$210 RSI oversold CCI momentum turning positive

DropDead_Fed

BTC outlook as predicted back on Feb 4 - can refer to my feb 4 After touching the ascending value channelat $6k, expect BTC to restest ~$10,500 then potential roll over and either: a) set a higher low on trendline or b) drop to new lows and continue bear trend or accumulation period of market cycle