ponzialchemist

ponzialchemist Updated 

Nothing much to say. LTF divergence. Correction over the weekend.

ponzialchemist

It sure looks like this needs some recovery and this charts really well. But, I will not be trading this since it is very risky to long Chinese stocks at the moment.

ponzialchemist

This is a very neat chart. A wave complete and currently in B.

ponzialchemist

Divergence seen and supported by volume bar. Expect 110$ short term.

ponzialchemist

Short term bounce. The bigger picture still is bearish.

ponzialchemist

This will go much lower than what i show here, but this is just for the initial near-term target. As always dead-cats and lousy dogs en route.

ponzialchemist

High beta risk asset, party over. May see a Santa Claus rally with the rest of the market ending the year but I highly doubt it. Arkk 2.0. Nothing more.

ponzialchemist Updated 

We reached a very critical stage for this range and very soon there will be a resolution, but which way? The massive pump on Sunday certainly was very scammy and feels like an exit pump.

ponzialchemist Updated 

31.5 -> 38.7 -> Game Over

ponzialchemist

Elliot wave count for the big move south

ponzialchemist

Shark pattern into 5-0 play should take the price to .5fib of CD and then reverse.

ponzialchemist Updated 

At the moment PA is really weak and seems to be in a potential continuation diamond pattern, but there is a good chance that we do get a slight recovery to take the stops before heading down big. If we do breakout above 32.25 then this could play out. XA had a perfect 1.13 extension which gives this a good potential to reach the targets. Target 1 of...

ponzialchemist Updated 

I expect a bounce to the resistance channel at 33.8/34 area after CME/day close. This can be a very good short opportunity if you are not already short.

ponzialchemist Updated 

Not taking this trade, but I expect this.

ponzialchemist Updated 

Next short stop @ .786 fib if it hits

ponzialchemist

Daily RSI has been spot on until now with the tops, we shouldn't see 36k again until the bottom is seen.

ponzialchemist Updated 

I have every reason to believe we are going to crash after month close today. If my count is right and the fall from 41k to 28 is just wave 1, then we are going to see a massive crash to minimum 19/20k, otherwise if this just a final wave 5 then we could end at 25/24k. I am more lining with the first outcome.

ponzialchemist

I see this as wave 1 of higher degree wave 3 south. There is a slight chance that it could reverse at 31.5 but i would give more weight to BTC crashing into 20's after a small ABC correction.