dragon

dragon Updated 

We have $2,200,000,000,000 still in the system. And we have another $900,000,000,000 (or more) coming again. With 0% interest rates; all the coming dips are Buying opportunities. The correction and pullbacks in mid-late Summer 2021 and Winter 2021 will be quick the sell-off if this things as I envision it. Ironically; those would be Buy opportunities again.

dragon Updated 

No look alley-oops. 1) Too many of your favorite signal sellers and top idea authors are bull'ish. 2) Big institutional names saying they've bought in tens of millions of Bitcoin in the past weeks. Bluff. They don't buy on the way up because it's impossible; they can only buy on the way down. They will begin buying in near the capitulation stage entering into a...

dragon Updated 

Good luck..

dragon Updated 

PRELUDE NOTES: Bitcoin is currently $10,100 , and as of currently 9/8/2020 ... Most of the crypto and investment universe thinks Bitcoin is going to drop hard before it climbs up. That this $10,000 area won't hold. I was one of them. Everybody is calling for $9k or $8k and will completely miss their entry if they don't enter here within the next few days (maybe...

dragon

Lots of things happened between my last post and now. Fed pumped Trillions in, 30M people were having $9,000+ in unemployment lump sums plus $600 a week, innnnflation worries began to grab hold, Bitcoin gained more general traction as a limited asset aka Gold'ish (its first ever real utility although still in infancy to be confirmed proven) as more and more funds...

dragon

2010 to 2020 was our Roaring 20's. Now it's time for Depression.. Unsustainable era of Extreme Wealth Creation where the catalyst that created our industrial boom: The Internet. Innovation has been exhausted and tapped out from the Internet technology. Value creation will stagnant creating over-valuation. Stock & equities market purely on borrowed money (margin,...

dragon

Spent 20+ hours scouring through piles of fundamentals and sentiment reading, and this is what I got. My condolences go out to all those families affected by Coronavirus' deaths,... extremely heart breaking stuff. As it spreads across the world, I wish everyone safety and blessings in staying out of harm's way. See you guys in a few months.. Peace.

dragon Updated 

Note: If you hover over one of the callout boxes, it comes to the front so you can read it. Also, you can expand the chart a bit by holding and scrolling the prices on the right. Note 2: I actually tried to match the overall trends with timing and general price range I think it will move. Fundamentally; I don't see why not. Things lining up just right. 2018 -...

dragon

Same chart from a few posts ago. I was leaning towards the Blue line and failing the 50 weekly MA, however, so far the price action is following the Orange line. If so, then should be a slow trek upwards in December with a really good January. There are a couple stipulations that MUST be met with price action for this to follow through: 1. The weekly candle...

dragon

In addition to my previous idea posted yesterday, this is what I will be eye'ing as possibilities if we do indeed fail the weekly 50 MA as we are retesting the MA from underneath currently. We shall know something once this weekly candle closes on Sunday. I think over a 3 week span, we drop to a possible $5,000 near mid December. This touches the 200 weekly MA...

dragon

There's two routes I think Bitcoin has a strong chance it will take. Blue Line and Orange Line. Both of which eventually reach $8,800 or higher by mid January, but with a prime opportunity and spot (green circle area at the top trend line) to fill the CME $11.7k gap; I am hoping we touch that price instead by mid-January. The two paths depend heavily on if we...

dragon Updated 

Been watching my analysis from yesterday. Here's some more stuff.. 1) Possible Inverse Head & Shoulders (or triple bottom) WITH.... Fuel. Undersold & seller exhausted & lots of sideline fuel via buyers awaiting the $7,700 and below (that looks so far to not happen) will forced to be in or miss the retest to $9k or above. There is a good chance it has enough from...

dragon Updated 

I found a similar fractal on another asset that went through the same sentiment and market cycles that Bitcoin is going through except it is ahead of Bitcoin by about 2 months. It has been working like a Biff's Almanac thus far. Anyways; We could break up from this bottom line here soon to go up and meet the daily Death Cross. Have a major battle at the 200 daily...

dragon

I'm neither bull or bear so much at this point, just observing the market and sentiment. I take a neutral perspective and take a look from both sides of the argument and compare the "intangibles" to each other. Here's some thoughts on possibilities we could be in the Disbelief Stage and are nearing it's end about to exit upwards. The Upside outweighs not being in...

dragon

Huge bull'ish divergence just like XRP on the weekly. Again, if Bitcoin holds $7800 and begins upward to retest $9k.. Watch out for these two. Will it last? Maybe, maybe not.. more than likely not, and will come down big eventually but it's a good possible swing trade.

dragon

Huge bull'ish divergence on XRP on weekly. MACD about to cross over, if Bitcoin can hold $7800 and begin going up to retest the $9k's, then I suspect XRP might get one of those huge pops out of no where. Will it stay? Likely not, just touching the top of another consolidation triangle likely and then come back down big.

dragon

Hmm... I believe this to be a multi-day bull trap aka fake out aka retest of daily 200MA from the bottom failure. 1. Not sure if people are not seeing the Death Cross of 50MA and 200MA on the daily, but I hope traders realize MAs are a lagging indicator, and technically we are IN the Death Cross already, it just hasn't formally done it on the charts. With a sell...

dragon

Yikes.. this is a revised version of my previous prediction where our current point in a strong correction is adjusted to match up higher in the previous fractal aka it will dump harder and faster. In the comments on the previous prediction I wrote some alternatives. And the daily 200MA is looking "not weak" per say, but Definitely "Not Strong".. and "Not Strong"...