Bloody day on the 14th. BTC on log view touched the 618 line in 2015, which marked the end of the bear season. The yellow candles are 2014, 2015 overlaid our current price. Even though there are a lot of similarities in 2014 market, I'm really hoping it doesn't play out the same, and if it does we have until Sept 2019 before we start headed up in a strong way. So...
4750ish is the mean bottom with a possible 43-40k probe down and back up to finish the bear season. Consolidation for a while then up we go. I've take every account into this chart. I pulled fibs off 2018, 2014, trend lines, fib channels, applied 2014 total percentage drops to our current with probes and mean line included, ema's. Also had time space of bear...
So far my gann box chart and pitchfork chart has been holding true. Bitcoin has been moving on teh 618's like clock work. On my pitchfork chart bottom 618 is landing between 4750 and 5k, depending if you pulling fibs off probes or not. Gann box is showing the same numbers. Yesterdays candles so far look the same as last bear run drop, so I copy and pasted...
I know TA doesn't mean shit lately, but I have found lots of confluence here on multiple points for both shorts and longs. Weekly indicators still have us going down so, but shorts are higher than ever, and a bull whale could go on a short squeeze.... Who the hell knows. Fib lines, trend lines, gann square, head and shoulder pattern, all coming to one point. ...
Looks like we JUST hit the bottom peak of a right shoulder for INVERSE HS. If the indicators are correct, we should begin headed up to 6800ish for the peak of the huge head and shoulder pattern to drive us down hard. I'll be looking for the bottom around sept 4 at around 4300 to 4750. Plan on stack buys in that area. That will also work out perfect timing for...
Wave 4 invalidated the bull elliot count by breaking the peak of wave one at 6790ish. Bear got the longs on the nice bull trap, and now the bulls are gonna get hammered. Its most likely the last chance the whales have at dropping btc to a ultra low price forever. When institutional money begins coming in, whales won't have the power they use to have. We...
Bitcoin is holding the future inside his handle. hahaha!
BTC update. Currently we are in descending wedge, which mostly likely would bottom out between 7550 and 7600. Daily macd, stoch, and rsi indicators need to cool off, which puts it perfect for the downward direction its going. After the daily indicators cool off in the next couple of days, I think we are ready to rock. Good news is the weekly macd is bottomed...
Check out this insanity! I have found 4 different 618 fib levels coming together to one single point on the chart. I have a pitch fork 618, fib extension from wave 1 and 2 for a 2.618, previous high to 404 low fib 618, and last but not least August 16 backwards is 618!!!! That's when SEC is ruling for ETF! Will this be the break of the bear cycle!?!?!
DENT is showing hidden bullish divergence on stoch, rsi, and macd while dent keeps coming down. (IF) this is dents bottom, we can expect a breakout in the near future from the indicators. Volume is super low currently. These are you support/resistance zones, and profit margin at each target. 191% to the top!
Stoch, RSI, and MACD are all bullish. If you look at the major trend lines the low low is $412. The daily stoch has recently been hitting the bottom every 16 days. So the next bottom crossover will be on the 15, so I think were going to have a break out party on the 14 or 15. On the breakout fib .618 nails the yellow major trend line like a champ. Thats...
Neo personal education playing with fibs
TRX/btc All the indicators showing a break out to 616 at the first stop. 648 and 671 are other sell targets. Macd is bullish on the 4 hr, Stoch has room to grow. Indicators are saying its time to break out of the descending channel now. FIB couldn't have lined up more perfectly with my resistance lines.
3o min chart, with a 4 hr macd charted out to cross down. BTC is gonna get pinched out today for a move and the indicators are bearish. Possible some time around 1400hrs.