civil_worker

civil_worker Updated 

I just did my EW analysis on gold in free time from 2018 till now and the charts look like a mess.. After that I check some professional trader predict gold will go down as low as 1839 something. I have no idea, maybe price action works better than this Eddiot wave.. Or maybe i dont know how to use this method.. From this perspective gold can make new ATH within...

civil_worker

Just draw some random lines and luckily it looks nice to me. probably continue downtrend after touching resistant line?

civil_worker

Maybe, just maybe if the same thing happen, BTC will drop to 19-20k -ish like it did in 201x?? Please dont long or short this, this just a simple analysis for entertainment purpose only

civil_worker

EW just to fit the narrative, look at the trend we know it would go down

civil_worker

This chart looks funny because it looks both like can be up and down. You can see a head and shoulder pattern forming quite clearly. But on the other hand I see there is still 1 more EW leg that push price follow the green path. If price doesn't break the support line there probably be a reversal to higher high. let see

civil_worker

looks like this shit f is in accumulating phase and will rise again or is it just my delusion?? just do TA for fun i'm broke :))

civil_worker

it looks like some sperm whale(largest of the toothed whales and the largest toothed predator- wiki) is accumulating btc @ 28-29k. Be careful if you short btc at this time.

civil_worker

it looks like we have a strong support and AUDCAD will bounce back within channel?

civil_worker

Combine with previous trend analysis, this is a larger picture about bitcoin price based on trend and fundamental analysis. I quit trading this market anyway since I no longer feel like I fit this community.

civil_worker

I see BTC is forming bear flag pattern in 1H . i dont know, looks like a short?

civil_worker

A bull market and a bear market are two of the most commonly misused concepts in cryptocurrency trading. Many people see a price drop of xx% or a couple of weeks and think that the market is in a bear market. In fact, the price decrease or increase is only the result, and the cause of the price decrease, in my opinion, is the deciding factor for bulls or bears....

civil_worker

Typically financial products like stocks or currencies move in non-linear trajectories, and IMO it can be seen as moving in higher dimensional space (X). The price we see in the chart is nothing but a projection of this one. Most of the technical analysts were trying to linearize using some transform/mapping function (indicators), or by drawing some trend-line....

civil_worker

Not sure if it makes sense when combine random events such as Bitcoin halving into DXY, bc EW without event in reality is just 'self fulfilling prophecy'. If this chart and wave count are correct then DXY probably target higher high at least till end of this year

civil_worker Updated 

Till now bitcoin price movement is exactly the same as my previous analysis using Elliott wave with WXY correction pattern zigzag,double three, zig zag. The picture is crystal clear arm. But at the Sam time a wyckoff accumulation is forming in the red box..? If there is no bounce back it probably the weirdest thing in crypto

civil_worker Updated 

Solana is at an important key support level, if it breaks below probably 47-50 is the next target. But I think Peter Schiff has a good point. It seems like BTC is accumulating to prepare for some pullback? Most people agree that we're in bear market months ago but i believe this is the pull back

civil_worker

I dont know, but maybe a short with SL at green line?

civil_worker

Mount Nasdaq is Earth's highest mountain above sea level, located in the US. just for fun

civil_worker

place your bet and choose your route wisely haha. Just post here to have a look in the future.