bmrm98

bmrm98 Updated 

charts say it all, we have been rejected by the top of the trend line for the third time. ifykyk.

bmrm98

we had a fake breakout, followed by a rejection of the top of the trendline. i think all markets will crash even more than showed here.

bmrm98

the entire market is green today, although nothing major in outlook has changed. price could retest the top of the overall channel drawn from the ATH and wave 2, which wave 4 has not done yet, that would only be at around 23000, but i expect the price to get rejected and being the move down again. macd is at the top of its wedge, and stoch is maxed out,...

bmrm98 Updated 

perfect time to enter a short, price and indicators all look like wave 4 has mustered out all the energy is has and wave 5 is imminent.

bmrm98

i have been reiterating all month that we were in bitcoins wave 4 and to look for any red candles to enter a short, as we see now the bearish wedge has finally broken below and is beginning its decent for wave 5. my guess is the price will land around 8k by mid/end of September. congrats to those who shorted.

bmrm98

as i called before, we have officially broken below the bearish wedge. i, personally, expect the price to move below the old channel, but there is a small possibility for bulls to take tower at rest (though unlikely. could short now until it retest, close, then enter a long or a short of the break below, could wait for retest to enter a position, or could short...

bmrm98

i believe this false breakout is a bull trap, all indicators still point to a large price decrease in the coming week. price expected to land around 8/9k

bmrm98

still short, though the price technically broke the top of the channel, it is in part due to a short term bearish wedge and not a change in volume or expectations. once the wedge breaks down price is expected to start the decline to 9k. look at my charts on bitcoin as well, we are seeing it near the end of wave 4 of its 5 wave correction and is also looking to...

bmrm98

we were rejected from the top of the channel despite multiple attempts to break out, short now before we are down 40%

bmrm98 Updated 

this is nothing but speculation, but looking at the current state of the world and market i figured it would be appropiate to being looking at other economic crashes in our history. i think we are the end of a nearly century long bull run. this may just be a schizo post, but things truly do not look good when you are peering at the ocean from 400m high.

bmrm98 Updated 

pattern has been followed quite close, this could be a bear trap.

bmrm98 Updated 

whole market looks to be going down, looks like nasdaq will be going down around the time btc's wave 4 finishes. could this be the timing of the recession?

bmrm98

price could still rise to 27k, i circles two possible spots to enter shorts. i believe all indicators and price trends have been playing out exactly as predicted, wave 5 will possibly land around 11-5k

bmrm98

the charts say it all, stoch is in a bearish wedge , price and macd are at top of channels, price will go to $8/9k range

bmrm98

the charts say it all, stoch is in a bearish wedge, price and macd are at top of channels, price will go to $8/9k range

bmrm98

bearish wedge on rsi, believe price will land around 8500.

bmrm98

it is possible to trade this wave 4 ascending channel by longing the bottom and shorting the top, but once we near the end of wave 4 know that a flash crash will be immenent and you should either be shorting or holding stablecoins. watch for false breakouts. there was a false breakout in the ascending channel the price is currrently moving in. a real breakout...

bmrm98 Updated 

just speculation, dont really know much of what im doing.