Mrbigman

Mrbigman

btc is at a critical stage .i believe we will retrace to support if we dont get a break out. all i see is a lot of sideways action and a lot of stop loss hunting .until people loose complete faith will the market turnaround and we have a lot of people believing we will moon soon,with so called predictions.i will remain bearish until i see conformation otherwise.a...

Mrbigman

btc still looks bearish as you can see we did a abc correction,but i believe we will get a deeper correction as we could be in wave c that would bring us to 65k so dont panic if we get another correction.i will be bullish as i said in other updates only if we see a break out in any coin to new highs.

Mrbigman

i see ABC down to c-wave and to support will most likely bounce of support and start a rally off the 0.786

Mrbigman

looking like we will see c wave soon if we dont see a pull back

Mrbigman

we are in a triangle with a triple bottom witch is a very bullish sign im calling 500 if we brake out of this wedge

Mrbigman

we will see if tel is going to brake down or will we rally i can see a potential for a sub- wave abc correction.

Mrbigman

if i see a clear break thru the support line of primary C-Wave this will be invalidated and would be long,however if we fail to break thru support i can see a lower low to the bottom of the primary C-Wave.

Mrbigman

ltc forming a inverted h&d and this is the only coin to stay profitable when everything is going down, now is the time to buy imo 200-500 per ltc

Mrbigman

looking real bearish on btc i will see if we brake resistance green line we will most likely go to 85-65k. I SEE NEGATIVE DIVERGENCE on the 3 day so , this is a real possibility simply due to the fact that all exchanges and apps like(coin), (hood) are seeing record breaking profit on fees ,and especially stop loss hunts,that is why i believe we see no momentum...

Mrbigman

update on another possibility on the charts we can see a lot more pain to come if btc doesn't hold support. if we fail lower support we can be looking at 60k-50k btc this pattern would set us up for a inverted head and shoulder if we fail support.

Mrbigman

look at all the sideways swinging with exchanges making massive profits the longer it swings,but unfortunately this is a bearish pattern and as i said before i will remain bear until i see any coin brake out .unfortunately this looks like a slow grind down to 50k if we dont see any break out relatively soon i will believe the bull run is over and already toped out

Mrbigman

doge is in a downward channel looks like we are in a sub wave-c of a bigger picture C-wave my short term target would be around support at 0.30 then we should recover short term and if this pattern plays out it would be very bearish taking you to 0.15-0.20 only if pattern stays verified until i see a strong reversal i will remain bearish

Mrbigman

not a good look on the entire market. if im right we have have hit the top or we may test for one more high for btc before starting to see a retrenchment to wave-c in the big picture. as of now i will remain bearish until i see a clear break-out on any coin. we may see a slow grind down,and a lot of volatility with crazy swings that dont seem to make any sense...

Mrbigman

please be aware of a possible correction incoming banana top formation is a very bad sign

Mrbigman

looking bearish on weekly and daily ,and we are starting to form a banana structure which if plays out we will start to descend and can could see a flash correction.

Mrbigman

bearish divergence on the weekly this doesn't look good for the short term. i personally will be taking profit. on lower time frame looking bad.

Mrbigman

Seriously, this has been a crazy whipping and rocking around here, Making it impossible to determine what direction the markets going into. If it makes any sense, we hit this point 0.618 retracement and are on our way back down. How far we are going? I am short on the short term.

Mrbigman

we now have enough data to support an ABC correction if this stays valid we will see 0.22 per doge. this will take some time to be revealed if we are in a c-wave down