A public service announcement.
You didn't think things would be simple, did you? PM me if you want access to my private charts.
Everything's laid out on the chart. Add a comment if you have questions or even if you're just a bored trolling bear. Follow my this chart ---> if you'd like continuous updates, and see me make unadvisedly risky trades on the way up. Thanks and Happy Trading!
I've recently had a number of different revelations/realizations about Bitcoin and by extension the cryptocurrency market in general. Insights that I'll be putting to the test with this live blog. In case you were wondering, no, I won't be sharing those insights. This chart is a freebie to prove (to myself and others) that they in fact work (please jebus let...
I have a long position currently open and am planning on closing it at the first price point on the chart. I'll post updates of my trades as I go, if the chart unfolds as shown.
I've plotted out the next 4-5 years, a number of different possibilities, for myself. I'll be posting relevant snippets of the charts as things progress. The drop off to oblivion happens when quantum computing becomes a reality. Until then we can make some money. Like or follow if you agree.
The overlay is just to show the general shape that might emerge, not meant to pinpoint exact prices for entry/exit. The 2 major trend lines shown + the red major resistance line + the green major support line, should give a clearer indication of entry and exit points as the chart develops. I expect the price to test the major trend lines and get rejected,...
I'm testing out a new strategy and doing a little experiment in the process. Using this chart, I will enter positions at or about the price points shown on the chart (a price point may be skipped over if the price action doesn't provide enough of a clear break in the action for entry). Rules: Starting wallet balance = 0.0123, no additional deposits allowed...
Just my 2 cents.
A vertical leap to $8400 (1-2 days), followed by a slower climb to $9600 (a week to 10 days). Followed by a correction (? how far ?). Like or follow if it goes down like this!
I called the Inverse HS failure too soon in comments for my previous charts. The bulls managed to pull the price above the neckline and they're pushing to get to the neckline of an even bigger Inv HS. They'll probably be successful, since that's a reasonable target for the IHS just completed. Once the price hits the neckline of the yellow IHS, it will bounce...
We've hit the high for intra-day price. No where to go but down from here. We'll be bouncing around these two channels until some bad news hits, doesn't really matter what, and makes us drop below the last black line. Once below the line, we free fall until we hit somewhere around $3800.
In one of my previous charts, I mentioned that whether or not we drop back into the triangle we escaped from a few weeks ago will determine whether the rest of this year will be a bull market or if it'll be a continuation of the bear market. Well, unfortunately we not only dropped back inside the triangle but we actually broke through the bottom, at least for a...
Please read the note on the chart. It's very important!
chances are once we're hit the orange line, line will hit back. Possible path shown with the lines, matching fractal on top.