elshanti

elshanti Updated 

analyzing the two crashes back in 2013 they almost have identical patterns in every aspect..intitial panick dip then a fake breakout (bull trap) spend time sideways along the 50 MA until then final dip and a breakout. it is almost impossible to distinguish the two cases at that time and to decide whether we are in a deep correction or already entered a bear...

elshanti Updated 

This will be an interesting week ..on the daily 50 MA challenged several times and still holding since september 2017..

elshanti Updated 

nearly identical pattern to previous december crash.. just copied the bar patterns between 18-22 december 2017 and pasted startinf from Jan 5 and even the death cross is identical..lets see if the 50 MA will hold or not..otherwise target is around 10k..

elshanti Updated 

follow up to my yesterday idea where the hourly chart acting identical to the 18-22 December Crash.. I copied and pasted the 1h bars from the same area where it tested the 50 MA on the 18 Deceember and so far showing very similar behavior. Targets to watch 1- Old trend line support test ( september and november dips trend line) (11000$-11100$) 2- Fib...

elshanti Updated 

After Charlie Lee Now Vitalik is Cashing Out..with market crash on December 22 it looks like we are entering a new era of bear market where most of the coins will be back to their daily 200 MA (just my idea) www.trustnodes.com Based on their performans in 2014 after 2013 crash it looks like Ripple XRP , Lumen XLM and Dash would do just fine.

elshanti

YOU CAN CHECK AND COMPARE WITH MARKET CAP DOMINANCE IN COINMARKETCAP WEBSITE We see the same spring 2017 cycle over and over again.. first BTC and other alts rally in november then btc dominance and bubble pops in mid december then alts continue to party while XRP bubble happens after that ETH takes the stage for the final scene as it happend in june 2017...

elshanti Updated 

lets see if the 50 day MA will Hold..

elshanti

follow up to a previous idea..here is the 4H chart and the more I compare the more similarities I get !!

elshanti

You will never get challenged and feel the pain and fear in case you buy the breakouts !!

elshanti Updated 

Looking back at the previous parabolic cycles of 2011 and both of 2013 cycles, each run had a descending recovery period on the way to the top. Once the recovery period became longer than the previous one it means the prabolic run is over and a new trend is in progress.

elshanti Updated 

interesting similarity between the current BTC situation and the 2013 December blow off top ..first bouncing off the MA 50 then followed with a fake breakout.

elshanti Updated 

Watch the relationship between channels and how once a channel is broken either way a new game begins or ends !!

elshanti

Something to remember from 2013 ..I dont intend to spread FUD but something to keep an eye on.

elshanti Updated 

You can check previous breakouts and their volumes

elshanti

Considering the low buy volume compared to the massive sell happend on Friday and the short time period I highly doubt we can recover and go back to ATH without a proper recovery like we did in june-july period. However if we go back again this week to ATH and beyond 20K I guess a blow off with double top will be in play.

elshanti Updated 

The ongoing correction now in BTC is very similar to mid Jun-Jul 2017 correction from 3000 $ to 2100$ first then all the way down to 1800$ where it bounced from the 200 WMA to all ATM 4950$ back then.

elshanti Updated 

The ongoing correction now in BTC is very similar to mid Jun-Jul 2017 correction from 3000 $ to 2100$ first then all the way down to 1800$ where it bounced from the 200 WMA to all ATM 4950$ back then in Sep 2nd.