NoScopeDaddy

NoScopeDaddy

I believe it's coming. It's going to below the last low of $29k, and possibly to $25k before we see the next bull run to 80k+. Always a chance to be wrong, but I'm confident. Why? Read on. Using the current BTC chart, its hitting a diagonal resistance, but otherwise doesn't give us much info. Lets use some other tools to dissect this. The BTC futures chart...

NoScopeDaddy

Crypto has been molasses ever since the drop from $65k (btc), and we’ve been hovering in strong support (as shown from the volume trend line). However, I am still expecting (with hesitancy) one more drop to the 50 WMA at the least (the green line). What is giving me pause on this is the fact that everyone and their brother is expecting the same thing. Over the...

NoScopeDaddy

As you can see from my last post, I see bitcoin possibly topping out and heading for lower lows. I am shorting Ada in proxy for this as I see it having more downside. It is also testing, and failing, the 200 DMA. Sub my free blog at BitDaddy.io for more

NoScopeDaddy

BTC / The tide The market rises and falls based on the tide of bitcoin & ether. And btc is at a fork – either this is going below $24k or it’s going to $70k+. Why? 3 parts: - The contextual map from Elliott is forked at either the Wave 4 being done or is not done and we are simply in a wave B of 4. - The 200 DMA is being tested right now, and if it fails, will...

NoScopeDaddy

The fear index is extreme right now, fintwit and everyone at my coffee shop telling me crypto is going to hell. I like this sentiment. It gives me warm feelings a bottom is near / in. The daily rsi is extremely oversold (btc), the total market cap is in the same position, and the alt market cap is about to be there as well. If you zoom in and manually count,...

NoScopeDaddy

As you can see utilizing Elliott and some indicators, RIOT is getting ready to potentially be a great buy. The RSI is oversold greatly, about to nail support, and the fibs line up great. There is always a potential to be wrong, so manaeg risk appropriately.

NoScopeDaddy

As you can see from the chart, we have finished the intermediate wave (4) and just potentially (with a high probability thanks to our objective indicators) finished the minor 1&2 waves heading to a 3. The RSI says the door should be open for the 3, as well as the volumeRSI. Please remember to research and understand the formulas of these indicators when you use...

NoScopeDaddy Updated 

I am now a buyer of doge/usd between now and $0.45. Below that and things start getting shaky. My stop will be $0.33. As you can see on the chart, it nailed the last low, which on the Elliott count says this wave is valid until my stop. The RSI on the 30 min also states we are getting overextended on the sell side, which means we have a higher probability of...