yomofoV

yomofoV

vol gap in visible range has POC (point of control) at 226 for yesterdays pump from the bottom of 214 to 240, the POC is also 225. you can see the high level support rejection from the horizontal green lines. gonna be tough getting much lower than 221 imo. unless it does what it did last weekend. close shorts around the POC, go long at POC or just under. note...

yomofoV

elliot wave projections for the top are in the red boxes. targets of $61 to $72. I wouldn't even think about shorting this until it hits $61. After that I'd look at lower time frames weekly and daily for bear divs. the bears will make a lot of money shorting this once it tops out.

yomofoV

bitcoin will die in 64 hrs. fractals are drawn below the price bars. note how similar the price structure is between april 13th to present and from march 24th to april 5th. previously we hit local bottom on march 24th, consolidated sideways for 7days, then pumped. the same thing happened this week. it's logical to assume this final bulltrap will be similar in...

yomofoV

4h rsi has not been this high since the $300 (1900cny) and $262 (1600 cny) tops. rising wedge on stoch. lower time frame of 1h has regular bear div.

yomofoV

testing time/price target before more up

yomofoV

we're heading down for some form of wave B or THE wave B. ill close my short hedge there in the green box. those are time/price target zones. Maybe wait for indicators to align and go long for a scalp. my major play is to look for shorts once we start bouncing up. another 12-36hrs of sideways/down for now.

yomofoV

strap in your seat belts.

yomofoV

compare the moves in june 2014 and our latest leg up. (yellow fractal) the moves preceding it are very similar as well. same hidden bull div. rsi levels were similar. compare the action in the red fractals. so if our local bottom at $249 bitstamp holds, then we know what is likely to happen. should look at weekly chart as well. after changing the scale...

yomofoV

hidden bullish div forming on daily but is not confirmed yet. we currently have higher low in price and lower low in rsi/macd. the measured move provides a price target of $318. which fits in line with one of my longer time frame weekly log charts. price projection/fractal in red. we can also backtest the support at $233 to $240 without violating the hidden...

yomofoV

just monitoring my short from earlier. interesting how bull divs turn into hidden bear divs. it probably means that the resistance is too tough to break. once the 1h macd histo and rsi is fully recharged. we will drop it like it's hot.

yomofoV

price/time targets in yellow box on chart to go long. id close shorts in the green box area based on shorter time frame indicators. expect dumps into settlement

yomofoV

testing an elliot wave pattern for a short entry. the light red box is the time target of 50-100% of wave a for completion of wave b. price is ote short in 50-78% retracement in price. i have the optimal time zone just in the solid red box but it can be larger red box as well. i wont begin shorting until we've entered the solid red box in time and price. once...

yomofoV

weekly hidden bear div in green. i expect there to be lower high in price and higher high in rsi. these are very powerful. the only way it can be canceled is if we can sustainably break $453. i wont be betting on that. also keep an eye on weekly rsi if it can close above 50, which is very bullish. i also dont think that will happen. confluence of resistance...

yomofoV

the yellow box is where a lot of ppl went long/short. volume profile shows it. IF this goes up, it can squeeze the shorters into a margin call around $300 to $303. after that the "bullish" momentum should be completely gone so we can resume the correction sideways or down. probvalby down. back into the 270s area. my play is stay hedged, and if it fomo spikes...

yomofoV

testing a price and time target looks like a corrective wave up before down.

yomofoV

this is the first time we've had 3day rsi cross over 50 since may of 2014. the next 3day candle prints in about 6 hours from this post. in may we had 5 3day candles of pumping and we are currenly only in the 2nd candle. last time during may 2014 we went from $440 to 680. we started this move around $235. extrapolating i get 2273 cny or $360ish. just a...

yomofoV

fractal of valentines, but indicators confirm similar structure. no bear div on 1h rsi. also we closed above upper daily bollinger band today and have bounced off of it once at 1703cny. we have not closed above upper daily bb since the november $475 pump. its possible this may actually go parabolic on the final leg and shoot vertical above the top of the channel.

yomofoV

description on chart. wait to short in red box, take profit at maybe bottom purple line