HorseyTim

HorseyTim

NOT TA - just for learning how EW works in conjunction with RSI and pivots

HorseyTim Updated 

I'm charting for a friend. and for my own learning. You can't short Link i think. There's no exchanges that do it. So when market goes down its bear divs not shorting bears. - RSI Is heavy bearish. - 5 wave of elliot completed.

HorseyTim Updated 

Just testing fib strat for chat pls no hat.

HorseyTim

I'm just comparing with what happened before and the possibility that it can happen again. Reason : People do not learn from the past.

HorseyTim

I've laid out the points on chart - RSI suggest bullish divergence - Volume is swelling - Price point must break falling resistance to go up even more (and incite fomo) Fomo'd in @ 0.27 let's see how this goes.

HorseyTim

Okay. Imagine BTC and LTC swapped places. Also imagine the 4hr is a representation of daily. The current atmosphere feels that BTC under 6k is impossible. its an indestructible support that's full of demand. (its probably not) And there's plenty of charts from "top traders" that show : Long term uptrend with enormous prices at 80k eoy. Compound fulcrums? (Fancy...

HorseyTim

It's never a great idea to buy the top of a channel... until a massive green candle somehow pieces through it. It's also not a good idea to short the bottom of a channel. Still won't be too surprised to see LTC back at $3 one day.

HorseyTim Updated 

Let's see if ETH can even come close up towards that target. I'm not necessarily saying buy here. But if you are holding bags of ETH maybe you might want to unload there. TO THE BOTTOM OF THE WEDGE WE'LL GO.

HorseyTim Updated 

Seems like the whole market on ethereum is in a rut. There's no telling how far we'll fall but once we get weekly divs maybe we can find a reversal on this. Until then there's really no telling how fall we'll fall.

HorseyTim Updated 

How to buy resistance Step one : Don't actually do it Wait for someone else to buy it and see it if breaks upwards cleanly. Then consider the possibility of a follow through. How to buy support Open one eye if we touch 40 cents. Open both eyes if we go under. So the best setup to do here is WAIT or SHORT.

HorseyTim

No moons and no dooms. Just really boring ranging price action. In fact don't even think of it as a bear market. Think of it as a range with slightly lower highs and lower lows. Until we go under the mean that is. I drew the mean there cuz i believe that's the only time when bitcoin is sober.

HorseyTim Updated 

Now's a DECENT time. much better than shorting on the way up. Most cryptos will probably have a much lower bottom but XRP might have a Quadruple one. Also depends on Bitcoins mood to be a bear.

HorseyTim

Just for fun. Seriously tho LTC. Go to zero.

HorseyTim Updated 

Buy Support. Sell resistance. Everything in between I don't even know. PRAISE THE WEDGE. RESPECT IT.

HorseyTim Updated 

Here's a suggestion : ADD SHORTS AFTER A BULL TREND. DOUBLE TOPS GRAVESTONE DOJIS BEAR DIVERGENCES USE THEM PLEASE. Yours sincerely, a dirty bagholder since 30 cents.

HorseyTim Updated 

Got my gameplan laid out. You can try the same thing on the IOTAUSD chart when IOTA doubled from 40 to 81 cents with the fib chart. Its the exact same story.

HorseyTim Updated 

Accumulating 420 to 395. A wise man once said "Bitcoin cash is the real Bitcoin". And thus it pumped. Exit 650ish. Descending wedge breakout. If this support breaks its very bad.

HorseyTim Updated 

Big scary daily bear divs. Massive volume missing. From a TA perspective this coin is ded.