The Bounce of the Century
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My first published idea....
Big things are coming for BTC. Consensus 2018 just finished, after everybody screaming CONSENSUS PUMP, we got nothing. Bullish crypto news everywhere you look for the long term, I mean even Jamie Dimon just made a personnel shift to look into the use of digital currencies for the bank and we all know his original stance...
Today the WSJ had an article FRONT and CENTER with the title "BUYER BEWARE" regarding cryptocurrency scams. Anyone on the sidelines has either forgotten about BTC or not care because they are being told about all the risks of getting in now and they are afraid. When in fact NOW IS THE TIME TO BUY.
As I'm writing this Bitmex is down and we are dropping. Consensus "pump" let people down. Media is keeping people on the sidelines. Have we reached peak fear on this drop? That's for you to decide.
So here we are nearing the end of the wave 2 about to start wave 3. I'm not an elliot wave expert (I know wave 3 shouldnt go that high but this is BTC and we don't follow rules here) or even a TA expert for that matter, but have a strange feeling wave 3 will come FAST and will be POWERFUL.
Now CBOE futures just expired 5/16 and the next round is set to expire 6/13. That's where I put the end of my wave 3. Once we break through 12k resistance 17.4k level shouldn't be that far behind.
But first look for the bounce right at my support in the 7800 region to start the wave 3. We are very close and Bulls are itching to get their buy level...
Goodluck trading!
-Dimz
Big things are coming for BTC. Consensus 2018 just finished, after everybody screaming CONSENSUS PUMP, we got nothing. Bullish crypto news everywhere you look for the long term, I mean even Jamie Dimon just made a personnel shift to look into the use of digital currencies for the bank and we all know his original stance...
Today the WSJ had an article FRONT and CENTER with the title "BUYER BEWARE" regarding cryptocurrency scams. Anyone on the sidelines has either forgotten about BTC or not care because they are being told about all the risks of getting in now and they are afraid. When in fact NOW IS THE TIME TO BUY.
As I'm writing this Bitmex is down and we are dropping. Consensus "pump" let people down. Media is keeping people on the sidelines. Have we reached peak fear on this drop? That's for you to decide.
So here we are nearing the end of the wave 2 about to start wave 3. I'm not an elliot wave expert (I know wave 3 shouldnt go that high but this is BTC and we don't follow rules here) or even a TA expert for that matter, but have a strange feeling wave 3 will come FAST and will be POWERFUL.
Now CBOE futures just expired 5/16 and the next round is set to expire 6/13. That's where I put the end of my wave 3. Once we break through 12k resistance 17.4k level shouldn't be that far behind.
But first look for the bounce right at my support in the 7800 region to start the wave 3. We are very close and Bulls are itching to get their buy level...
Goodluck trading!
-Dimz
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Down we go
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Bear Trap anyone?
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Something I like to call Bart Wave Theory....Ghi chú
LOL
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tradingview.com/chart/MlTnnmDd/Looking at the hourly, wonder how high this can go
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Oops, here it is
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perfect setup to drop it
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Still inside the falling wedge, looks like BTC is forming and inverse H&S here. Support could break here
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We completed the inverse head and shoulders and broke out to the upside.
Now in a Bull flag with some hidden bullish divergence
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Down down down we go....HAVE WE REACHED PEAK FEAR YET? Since 7800 broke I see more downside, but this is looking more and more like it is prepping for the bounce of the century... my thoughts are a bounce off the green trendline at 6800Ghi chú
Possible inverted bart here???
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Sure looks like one is forming
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Hopefully this will bart up and we are off
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Overall looking like we have just completed the final trap for the inverse Bart. 8.8k incoming
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wow some serious whale fighting going on
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