I see the super rare Diamond Formation forming on BTC. In order for this formation to complete bearishly it should fall out through the D line. If it breaks out of the B line then it's a bullish breakout and shorts should be closed and longs opened. Let's watch this rare and cool technical formation and see how it develops in real time. If the bearish event...
Oil went down on Friday, and it'll be interesting to see if the Reset managers have agreed to a broader market correction that'll improve the Reset timing. Here's hoping they have. Best, Putrid
We have approached a Systemic decision point that involves choosing one of two Reset timelines: Last night, an actor punched Bitcoin above 50k while the Western hemisphere was in bed, trying to force the Reset. We can also see that the Nikkei broke the 30k psychological barrier, and can now attack the ATH. Oil is the major commodity, and has approached the...
You only make this trade if you fit the following: No Wife No Kids No House No Hope
If BTC goes down to 40k, what's the BTCDOWN target? If BTC goes to 30k, what's the BTCDOWN target? It's not exactly clear if BTCDOWN can recover to 1$, since it seems to be designed for only short term leveraged bets? Seems like it went so low due to "Volatility Drag" ... but can it reverse the losses? Any ideas how this instrument performs if BTC starts...
BTC is in a bearish ascending wedge while BTCDOWN has exited a bullish descending wedge. BTC may still wick up one more time to tag 50k, but if it starts showing weakness I'll be longing BTCDOWN. Lavrov is seeing a similar setup, so I've exited all instruments.
Retest is a high probability outcome. Reset Note: For me, I'm taking my time to stack physical things that can help me enjoy my life. I relocated to my base in Ireland in October, and since then have booked crypto profits into things I think will make my life enjoyable in 2021, 2022: Silver coins from Austria Mountain e-bike with 2 hour battery assist iphone...
Band broke the resistance and is retesting it. Afterwhich, a high probability that ATH will be attacked and broken. I'm thinking 21$s is a reasonable expectation, with 23$s as the upper target. Smart money is moving from Link to Band. The hyperinflation continues.
Hbar has broken the resistance at 9 cents and is presently testing it as support. Amazingly, there's no technical resistance between here and 20 cents, which is at the 1.618 extension. It's a very promising, cutting edge technology, which may play an important role after the Reset.
Full disclosure, Putrid is a novice when it comes to counter coups. So this trading idea is that Trump and his military buddies attempt a counter coup this week which strengthens the dollar temporarily ... we might see something really cool like an emergency broadcast from a bunker where Trump authorizes military force against the forces of the Insurrection....
Crypto retrace continues, it tried o stabilize at 30k but yesterday we printed a bearish candle so a retest of 29k is 99% probability and a test of 23-24k is now above 50% probability. I'll wait for a base to form before buying back into LINK, HBAR, BNB etc. You should stay away from the non-top projects. Bling and silver, and Nasdaq look good.
BTC whales appear to be booking some profits, so test of support is the likely outcome. While BTC retraces, Gold and Silver look great from here. So let's see how digital Gold performs during the next week or so. System picture: Biden is in, Reset proceeds after those scary moments on the 6th :) Reset Note: The Banks are in trouble.
Atom has successfully broken strong resistance, if daily closes above resistance then high probability of big buy orders. Macro picture is that a hyper-inflationary panic is setting in; the USA is in big trouble: the stock market tried to correct at the open but was instantly panic bought.
Wave c should zig-zag, wave b is best trade but BNB often retraces 100% on wave a so look for entry signals before entering.
Price action in multiple instruments are indicating a Dollar Short squeeze is imminent, which should cause extreme volatility within a few days. Perhaps timing in-sync with the US presidential election date of January 6th. I'll be advising exiting all the markets. I don't think this is the top but a sharp 30% one week sell off in all assets is a moderate...
BNB should close above the 40$ resistance line in 2 hours, afterwhich it should pump like crazy to the main historical resistance of 53$ Historically, when BNB breaks resistance it pumps and I don't expect anything different this time. I have used and tested this network; it's cheap, it's stable, and the currency is liquid. It's a good crypto candidate for the...