ronfkingswanson
Mua

Correction waves complete, upcoming rally

BITFINEX:BTCUSD   Bitcoin / Đô la
Some folks think I don't make my charts and explanations simple enough to understand. So here's a plain one ;)

Looking to top out 15-16K, probably about the same time the next round of futures contracts close...

(check out my related charts below if you want to read more details, there really is more to the analysis than a wave count and falling wedge )

If this plays out, it's a 100% rise for those who bought at 8K ;) Tips appreciated, PM me for addresses
Giao dịch bắt đầu: (E) wave dug a little deeper to 6K. Doesn't change the bigger picture at all. Wedge gets a little wider at the bottom, and now we're looking (based on volume and RSI, not shown here) like we've got a solid local bottom in place. Targets still apply. Obviously we have to break out the wedge top first, you'd think I wouldn't have to explain that, but some folks here are really crabby about a lack of disclaimers on my scribbles ;)
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Giao dịch bắt đầu: buckle up...
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Giao dịch bắt đầu: bulls didn't take a single rest stop. no retraces, just straight shot for the 100MA and upper bear shoulder line. We could just keep cruising -- or we could finally get a small pullback before breaching
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@ronfkingswanson
i dont think we should expect uptrends.
We were waiting for consolidation which did not happend.
Price was pushed to 11,7.
Now we are experiencing reversal to 10050 (aprox).
12-16h, then heading toward 8,2-8.4k.



Regards
Phản hồi
Thanks for the updates on your two charts. Awesome work!
Phản hồi
@ronfkingswanson & @milanjelic You have a match on the idea/chart @ about 8.8K ;-)
Phản hồi
Thanks Ron! Always looking forward to your ideas. You have helped me a lot. Please never stop! :)
Phản hồi
Ron what's happened to you dude? You really should forget that pride thing and come and join us. Still think you're 'worth it". Be lucky
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Phản hồi
Nice charts sir.
Phản hồi
Hey Ron You're still welcome to join us ...
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Phản hồi
buckle up... for 9400? or what?
Phản hồi
Finally we ghave resolution. Bulls have won the battle for 9k. Massive bear engulfing candles and a reverse head and shoulders with 3200 points of upside. You gonna be right here dude! And after a couple of days of tussling with you ...your OVERview looks good...levels on lows not good - but the overview is very good. Hats off, Ronnie
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Phản hồi
It's interesting things vary from exchange to exchange ....the Bitfinex trend line picking up points B and D was breached on Bitstamp back on the 10th and again on the 12th.
Phản hồi
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