jsm059

jsm059

Would be great if we'd go towards 20k, cuz then all the things that happened since April 14th ATH would be just b wave of running correction, and then it will really give us a chance for tothemoon

jsm059

By closing below the body of the previous candlestick, the 1W red candle confirmed the last hangman. Moreover, we are still experiencing RSI above the 70 level, after reaching its ATH. Historically, it always leads to a pullback toward the 30-70 zone. It is pretty rare, that this candlestick formation is followed by further growth (didn't happen on BTC peaks yet),...

jsm059

4th January BTC pullback was drastic, although followed by a quick, strong rebound. For now, I notice the building of the triangle and head and shoulders pattern. Closing the head and shoulders pattern should be followed by further drops. Is this already the time for some bigger correction?

jsm059

Still, very bullish indeed, but pullback toward the red zone ('17-'18 pullback/4th wave 0.236 range) seems plausible 1st wave - Jul2010 - Jan2011 2nd wave - Jan2011 - Nov2011 3rd wave - Nov2011 - Dec2017 4th wave - Dec2017 - Dec2018 5th wave - Dec2018 - ?

jsm059

This is an alternative scenario to my optimism towards a historical pattern of BTC ATH breakouts (check: "After 16th Dec, 1M BTC is beautiful as fuxk, to the Moon, boi!"). In this scenario, the period from November 2011 until December 2017 interpreted as 3rd, longest wave, 4th lasting until December 2018, and currently we're in 5th one, and it should finish at...

jsm059

On 23 December 2020, the week candle seems pretty weak so far comparing to recent ones. Taking into consideration the new year's cash-out, RSI heating around 90, and weakening trend of the weak so far, I suppose if the 52nd candle of the year will cancel as doji, it seems plausible to be followed by the (sooner or later) inevitable, deeper pullback. Although,...

jsm059

Like, 4 reeeeal