Read between the lines. Fingers crossed for that Sunday pump and dump.
Personally I am looking at a spike back up to the trend line , and a possible small break, then continuing back down. Could possibly turn bullish with the break too.
Could be following this fractal from 2019. If we break $9376, we're bullish.
Mainly for my own personal use and reference. Definitely short for now. Lot's of head and shoulders formed, plus other short term bearish activity. Recent movements of Bitcoin have been going along with an older Distribution post of mine I've linked below. $7777 is our last saving grace.
Sorry but not sorry for all the trend lines, in my opinion they are the best indicators. I am reposting an idea I had about a distribution phase we could be in. Previously I drew a pattern for phase C D and E, then drew trend lines that happened to pretty much line up with my idea. So that is what are currently seeing. From the trend lines I made, it looks like we...
Looks like were still on track with with Astrology TA Idea I posted a few days ago. But will we still follow the trend from here? If we do follow the fractal we should have another drop to the trend line below and a push to the $10200 area to retest and possibly break out. We could possibly continue to go up from here as well. I do believe we have been in a...
Looking back at past dates, bitcoin has been mostly bullish on the day of or after a Solar Eclipse. There will be Annular Solar Eclipse today. 2018 Jan 31-Feb 1: Total Lunar Eclipse: +$500 then dump to -$1669 2018 Feb 15-16: Partial Solar Eclipse: -$374, then pump of +$1075 2018 Jul 13-14: Partial Solar Eclipse: Side ways action of +/- $240 2018 Jul 27-28:...
Here's a little astrology information I've been researching as of recent, I've never actually applied these ideas to trading. I've always been an astrology nerd, and I will say there is a lot more to it than most people think. So this will be pretty general. Most of this information is based off the movements of the planet Mercury. Why Mercury? Because Mercury was...
If not distribution, reaccumulation. Two possible scenarios.
Trying to predict the future. Drew the patterns first then the trend lines happened to line up.
Thinking BTC's next moves will be something like this... If we break the current trend line I think we will drop between $8500-$8200 (maybe lower) then back up to re-test to the major resistance line. We have already touched the major resistance line 5 times I believe, which makes it pretty weak and susceptible to be broken completely. If bulls cannot make the...
Redistribution or Accumulation?
I just like to draw lines, most of the time I'm wrong. Bearish signs on multiple time frames. Rsi, Macd and mfi all cooling off. Respecting resistance lines. And the world. Down to maybe $7700?
Bitcoin seems to always drop a little after halving. Also, these white lines are pretty strong resistance. May need more momentum to break through.