Albiet a 'weak' bull lol. I spent a couple hours deeply analyzing some things from this sell off. Looking back at my previous prediction before I switched (forehead slap), I still believe in the fundamentals of my last one while also my old bear'ish one as well. So I analyzed and mixed the two at how I think 2019 to 2022 plays out. Now that I truly know the...
Although Bitcoin has freakish'ly followed to the T my last prediction I posted (I will post screenshot of this) about it going completely bonkers and crashing down again; I AM NOW PIVOTING COMPLETELY. I am now bull'ish on Bitcoin, I do not think it will crash anymore. Great investors and traders adapt like water. And in this case, some key fundamentals and mass...
I am mostly fundamentals, but one is mostly going by some nice technicals developing. 1. Selling is exhausted. Lower volume trend along with downward trend. 2. Small bug going around the crypto community of "Ethereum is more than an Alt and should not be considered one, yet it's below Bitcoin" which essentially means Ethereum deserves it's respects. The bug is...
Basic breakdown from my crystal ball. Have fun, and good luck.
BTC hits resistance at $6k for a few days, decides to finally give up. XRP has the gap to begin a slow reverse and starts trending up, possibly previewed by a relief pump or two. BTC begins selling off, XRP moves inversely. Not sure where the target is yet.. Scenario 2: BTC somehow breaks $6k resist and re-tests to stay above it, XRP being severely under-sold...
I wish more traders used fundamentals. Anyways; let's think without brainwash and pure logic: What reasoning in the market would Bitcoin need to stay above $6,000? Because of some line on a chart? Let's reverse to 2014 which is a "bubble crash"; has anyone noticed that they too were trending along a "major trend line" (the red line I drew) and then when they...
Hmm... so a lot of people call Doomsday but give a poor argument as to why. Again; if you've followed me for awhile then you know (or will know shortly from me) why I think $2,500 might be a strong possibility if this certain thing happens in the upcoming weeks. Anywho... chain of events: 1) We range a bit until "certain event" as we slowly approach closer to...
For me personally; it's about 70% back to my original plan of capitulation to $5100 with a big volume candle followed by a ranging trend. And then 30% that we are already inside the ranging U bottom (in my most recent post). The move went higher than expected to $7350 where I expected it to stop around $7200 which made my original plan a failed prediction....
My last prediction on the stage we were inside a bubble cycle was proved wrong once Bitcoin had it's current rally. Although it's very likely Bitcoin drops back to $6800ish maybe since it's obvious the rising wedge is getting weaker with decreasing volume; the big picture is that as long as Bitcoin prints a solid "higher low" than $5900 (maybe in the...
A few more green test candles with low volume.. and eventually; things fume out and the final dumps happen. If everything goes to plan; we should see a HUGE volume candle matched with a V bottom where the big money accumulation orders will appear from no where buying up the final capitulation. Fears of $3k and $4k bottom prices should start appearing in chats and...
Imo; shorts and expectations to dump are a bit much at the moment in general sentiment. Which means we will likely go sideways or even up to test the $6,400 or slightly more. Once there is a bit more of "I told you $5900 was the bottom and we are going bull!" starts happening more is when the gigantic capitulation dump will begin. Sentiment and market determine...
A possibility I will follow until proven otherwise with big picture price action + volume to confirm both true or fail. You can see the area where I have volatility about "dead" for a month before I expect a huge green volume candle spiking out of no where, which will be the official signal that the bull market is ready to begin again. From a sentiment...
Imo; still too much volatility in the market which means 'optimism isn't dead enough yet'. It doesn't have to repeat the exact steps of 2014's bubble, but a bubble is a bubble and bubbles share many of the same sentiment characteristics. I believe this is a relief rally that will be stopped short and then take a dive to go sideways (plays out rest of month) and...
SO..... what do you call a coin that is in the depression stage or the lost hope stage? You probably won't hear Bitcoin get called a Shipcoin too much.. but remember back in the alt days, when frustrated people called different alt coins SHIPCOINS? It's cause they are angry... anger stage. They are angry it doesn't pump and just sits at the bottom doing nothing...
F it. I'm calling bottom now. Bear cycle ended last correction wave, new early stage bull cycle just started. What can you eliminate? 1) Nobody ever calls the bottom correctly. (except me) 2) If they are wrong; then you know what the BOTTOM IS NOT. $5800, $6000, $7000, No. 3) Those following the 2014 bubble crash by over-laying it with the current crash have the...
Guard it. Just like people guard and protect my telegram lol
Back to my original plan. Slightly different time frame as things are accelerated.. but looking more and more validated.
Margin. Long. Soon. Is this all the explanation you're going to write? Yup. p.s. I don't know why that one shoulder is not green; it's green on my charts. Glitchy...