spatss

spatss

Just for fun I tried connecting the two previous cycle peaks. Does 2+2=4?

spatss

Chart should be relatively self-explanatory, but a couple notes: -UTAD (Upthrust after distribution) may not be finished with its upthrusting, so this should not be taken as advice to short (or anything else for that matter) -Some folks may object to the length of time this covers, but here's a nice example I found that spans multiple years:...

spatss Updated 

Alright party people, there's a new coin in town - and it's the hottest, sexiest coin to hit the crypto scene.... possibly ever! Miami's Mayor Francis Suarez, sporting a very professional baseball hat, took to CoinDesk TV yesterday to promote MiamiCoin, saying it has been "mainstreaming significantly faster than Bitcoin", and as for function, while there are no...

spatss Updated 

1D chart shows possible S/R zone; lower time frames have some interesting confluence, see chart below

spatss Updated 

Surely this has been pointed out multiple times recently, right? The resemblance is uncanny. Plus I think it could play out given factors such as sentiment, wider market conditions, and the current social and political context that crypto finds itself in. Not financial advice. Trade safe

spatss Updated 

Gotta wonder how much longer the "money printer go brrrrr" will keep pushing stonks into ever-thinner air. Not financial advice.

spatss

Totally normal and healthy and good. Definitely will do this... indefinitely.

spatss Updated 

Hit the .618 and is looking like it might break below the fork. Visa just bought a punk. Sell the news? Bullish case is ETH is sitting on a minor .5 fib and depending on the exact fork pivots could have some support there. Looking for a possible H&S even. Not financial advice, trade safe.

spatss Updated 

Chart should speak for itself. There are also some mixed messages coming from on-chain data, one metric is suggesting that longer-term hodlers are selling (although the article goes on to say that bitcoin is "more than safe" right now): ambcrypto.com Trade safe, not financial advice.

spatss Updated 

Around a week ago we saw BTC push up through a level that was threatening to become a triple top. We saw a brief push to 48k where sellers reacted. The last few hours have seen a move up from a level of support. However, if we look at where the golden retracement is, as well as the 161% extension of that first wave up from this support, it all coalesces right...

spatss Updated 

Looking at the 4h we can see that BTC has retraced to the golden pocket - as well as the top of the descending Schiff pitchfork from the ATH. Using fib extensions we can also see the mathematical relationship between the move off the June 28.6k low, and each leg of the uptrend that took off in earnest on July 21. To me this suggests a completed 3 or 5-wave...

spatss

Noob EW on my part but I can't see how this is invalid, so if anyone else wants to pick it apart I'd love to hear your feedback. I've seen a lot of disagreement about the count in this section so I understand there's a lot of subjectivity involved no matter what. Thanks for reading - not financial advice

spatss

Just wanted to share some confluence. Not financial advice.

spatss

FYI I'm an EW noob - however a third push here to a little over 47k would take us right to the .618 retrace from ATH to June bottom, and also the 161.8% fib extension of what may have been an A wave up, which could complete an ABC pattern with shortened C wave; Bear targets in this scenario would be in the ~21k-23.5k range. Alternately, we could be in wave 3 of 5...

spatss Updated 

Ok YES, I'm an Elliott noob. This is purely for entertainment purposes and is in no way financial advice. Wondering if there's the possibility that we're in wave 3 still on the (grand?) supercycle, could hit something like 378k, retrace to 126k, then upward to $65M after what I'm told should be civilizational collapse ;)

spatss

BTC is now back below the descending trendline from the ATH, was just rejected off the median from this current uptrend AND the 200MA, reversal in a golden pocket, bearish divergences starting to show up on higher timeframes, regulation and lawsuits incoming, Dow Jones about to fill a gap tomorrow morning, Delta variant fears abound. Algo target is 23.5k, but I'd...

spatss

Noticed a cluster of algo profit targets dating back several months. Should be interesting to see what happens in the next couple weeks. Not financial advice

spatss

Playing around with fibs and forks. Not financial advice