UnknownUnicorn1968121

UnknownUnicorn1968121

We have never broke below this historical support curve... EVER. If we do break it expect $1000 dollar BTC prices and then a freefall down to the hundreds, and eventually to one dollar. It is unlikely that we will ever have the strength to get back in this historical support zone without the aid of institutional involvement, economic collapse, dollar crisis, etc.

UnknownUnicorn1968121

' A few weeks ago I warned you guys about the green and red moving average crossing indicating a possible bear trend (in this stage of the bubble, capitulation). What happened today was exactly what I predicted. As you see on the daily view, the 200 day and 500 day moving averages just about crossed and its not over yet. As you see we broke down of...

UnknownUnicorn1968121 Updated 

October first, 2013. What happened on that day? Lets take a look: 2013: Now: www.tradingview.com That was the day the correction of 2013 ended with an upwards move in December creating a head and shoulders pattern. Some people are calling this year a "correction. All though exactly 5 years before a simmilar setup is emerging, we are in a bear market...

UnknownUnicorn1968121

I will keep this short, just like my trades. Right now we are trapped between the yellow short term and blue long term moving averages. It is a battle of breaking out of the blue resistance AND holding the yellow support. I think both will fail at the same time next week. Secondly, we have out long term red moving average and our (since inception) green 500...

UnknownUnicorn1968121

The 196 day moving average on 3 day chart appears to be an uptrend support line since the beginning of the last bullrun. If we break below (EG. visit 5800 again or anything less than 6000) expect us to slide all the way through to $4300.

UnknownUnicorn1968121

Looking at these two rising wedge patterns right before the July Squeeze, they both have a very common similarity... They are the same pattern, but almost twice the price scale. Measuring from the support, in early July we had about 18% upside movement to the highest point, in 11 days and 4 hours. In August, we had about 30% up movement from the market...

UnknownUnicorn1968121

Double top on weekly view for the 20 day MA.

UnknownUnicorn1968121

Wait for the golden cross on the daily (when the 50 day crosses the 200 day MA) to go long. Don't fomo at this current level.

UnknownUnicorn1968121

Bitcoin broke through the 500 day MA resistance but as you see from 2014 it was later rejected and formed the consolidation cycle which broke market structure (the $5800 support) There are several factors why bitcoin will not be breaking out past $7200. (1) RSI is overbought (2) Price is still below the 200 day MA (3) We have not made the golden cross (when...

UnknownUnicorn1968121

Look at those lines I drew Im a professional

UnknownUnicorn1968121

The whales have pumped the alt coins to trap buyers in alts while bitcoin prepares to retest the $5900 support line again. I am betting it will fail and we will see a flash dump like in 2014 with $5400 as a conservative figure. The 20 and 50 day moving average have crossed with the short term heading downwards. I have liquidated my alts that I purchased a few...

UnknownUnicorn1968121

Basing this off of basic indicators. The first circle is after the first death cross between the EMA 50 and 100 day moving average at the beginning of the 2015 Bull run that peaked in 2018. The second circle marks the second death cross where the 50 and 100 day moving averages cross indicating a possible end to this 2 year bull run and going bearish. I...

UnknownUnicorn1968121

What are your thoughts? Looking at the big picture it looks like the NasDaq chart