Using time fibs for inflection points. Hindsight is 20/20
New ichimoku settings offer some hope. Trying to build the path to the future. Wait till SPX hits the .618 before yolo entry
Denial.
Wild prediction if the bull keeps running
A cleaner macro perspective. Long May 2020. Target: 190K.
Using Time Fibonacci sequence, and adjusting numbers based on the previous wave to find approximate entries/exits and points of interest, I have the following: 0,1, 1.555, 1.845, and 3; low, high, knife catching, end of bear, and next high. The magenta line is a "bars pattern" of the previous 2014-2015 bear market, elongated to match my time frame. I'm kicking...
ICOs to be evaluated on Monday May 7th. Any decision the SEC makes will be critical in determining the future of bitcoin and other cryptocurrencies. The printed fractals are both from 2013. The RED means we're in the April bubble. the BLUE means we're in the November bubble. I'm bearish @ 13-14K until proven otherwise. Stay neutral until we determine sentiment...
Sell in May and go away. Be wary of the chance for a repeat 2013: retest critical resistance and fail in early May here. Move to cash between 11.5K & 13.1K (yes your alts too), wait for breakout on volume and double-check RSI for divergence. Buy like a madman @ 3K and below. Good luck. EDIT: oops my text on the left panel got mixed up :( but I think you get...
Hitting major resistance here at 8K. Target 2.4 - 2.9K. Fundamentals strong, but bearish until 8.2K broken with conviction.
Monthly pivot is at 9300, but we're still far below the yearly @ 11500. Weak rally here to 9850-9900 before the true pain begins. Target yearly S1 @ $3100.
Yearly pivot bounce. Will need to break up from triangle to avoid next yearly pivot @3100. White support lines represent monthly pivots for month of February.
Bitcoin is retracing to the 50% fib line at break-neck pace, and has the potential to break through the 12800 level to new ATHs. Tone Vays daily 9 occurring tomorrowish (Wed & Thurs.) so look for 1-3 days of decision. I'm betting on more down, simply because futures don't close until mid-March, but if we can hold above 12800 for 3 days I'll be bullish as ever. A...