My previous idea brought you the now famous downtrend line you're now seeing all over TV lol:
Now im bringin the fire with this update.
Weve been filling gaps in the VPVR and completing a VERY HEALTHY retracement. Consensus 2018 is here, errbody bullish. People are catching knives and feeling real confident...
But on the other side of the Bitcoin you have Mt Gox selling again, and NYSE Bitcoin Futures ( bad )
So now where do we go from here, 7300-7100 is where.
Look at the tasty gap we need to fill, as my boy Thanos would say:
"Dread It, Run from it, Destiny still Arrives"
I do believe this has a very high chance of being THE bottom.
Weve got a nice 365DMA coming in around this level:
Along with the .786 retrace, and a nice big support right underneath.
This would also be a very bullish retest of the broken downtrend line:
Everyone will be calling for double bottoms, new lows, blah blah - but you, the select few BeetCorn Tribe will be ready.
Steel Hands Boyos, Steel Hands
Now im bringin the fire with this update.
Weve been filling gaps in the VPVR and completing a VERY HEALTHY retracement. Consensus 2018 is here, errbody bullish. People are catching knives and feeling real confident...
But on the other side of the Bitcoin you have Mt Gox selling again, and NYSE Bitcoin Futures ( bad )
So now where do we go from here, 7300-7100 is where.
Look at the tasty gap we need to fill, as my boy Thanos would say:
"Dread It, Run from it, Destiny still Arrives"
I do believe this has a very high chance of being THE bottom.
Weve got a nice 365DMA coming in around this level:
Along with the .786 retrace, and a nice big support right underneath.
This would also be a very bullish retest of the broken downtrend line:
Everyone will be calling for double bottoms, new lows, blah blah - but you, the select few BeetCorn Tribe will be ready.
Steel Hands Boyos, Steel Hands
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Lower TF showing a symetrical triangle after the falling wedge from hell lol - pretty likely this continues, although they can break either way
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Rising Wedge**
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Upside break - but stalling a bit here
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Previous support turning resistance + 200MA Failure ( 4H )
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Anybody notice the gap fill?
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4HR and New Daily opening right underneath resistance - bulls better shoot their shot, and quick
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Right back to the bottom of the pennant.
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8100 comin in hot
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Huge move up - a little quick for my tastes but bulls are fighting, still stuck under 200MA and our pennant has become more of a flag - not out of the woods yet, if we push higher i believe a 9k retest is very likely
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8100 as predicted - gonna finish off this bear flag around 7800
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Likely we consolidate around here for a while first - probably a retest of 8500
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No retest - the corn is weak right now, 8k going to break soon. Short term target 7800 to finish the bear flag, but i would suspect a slide to the first real target of 7600
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Anyone currently short - please check out the Bull Case i just posted:
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Make your own decisions, ive decided to close my short and wait and see what happens here, our break of 8k did not result in the landslide i had anticipated - seller/short interest is very low - so ive had to switch gears