New: investors-clubAll contenthive-129948hive-196917krzzanhive-183959hive-185836hive-180932steemhive-166405hive-144064hive-150122hive-101145uncommonlabhive-188619hive-183397bitcoinhive-184714hive-145157photographykrsuccesshive-193637hive-180301hive-103599lifehive-139150TrendingNewHotLikersacesontop (71)in investors-club • 6 years agoIdealism In InvestingEver since I entered this crypto world I heard and still keep on hearing all sort of ideas and theories regarding cryptocurrencies and how they're gonna disrupt the banks, on what fundamentals is…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: That jump of yesterday has been good but......obviously still not sufficient. Frankly, I have doubts about if yesterday's rise can be ascribed in any Elliot-wave count actually...but it can, of course... First Option: EXTENDED FIRST WAVE…toofasteddie (70)in bitcoin • 6 years agoBITCOIN may have reached already its bottomThis is the BTC/USD weekly chart (BITSTAMP Exchange) and Relevant Strength Index Oscillator aka RSI indicator. What could extract from this chart? We can see clearly 3 long BEAR MARKETS…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: The Eternal Falling WedgeFor the moment, BITCOIN is keeping a constant volume around 5.4b$, the "Falling Wedge" pattern still seems to be the more adapted to the current chart. RSI oscillator moving inside the "safe" zone…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Bull Flag & Falling WedgeI know, I know... I have been searching and telling you about it many times lately... This is becoming boring...BITCOIN is moving terribly slowly...tracing a downtrend path which does not give us…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Bullish Divergence at the 4h-chartAnother low today, as expected, within the two lines which define the Bull-flag. BITCOIN touched the lower support of the Bull flag and have entered inside the "Oversold" area of the RSI at the…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: another possibility...With such a tiny volume is being really difficult to find any indication that show us the next move of BITCOIN and so, the direction of the Market. The positive view now is that BITCOIN is still…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Price projection using Bars Pattern. Just for Fun... :-)Using BITCOIN Weekly Chart, Log Scale.Applying tool "Bars Pattern" of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017 Assuming End of Previous BEAR Market by…toofasteddie (70)in cryptocurrency • 6 years agoSTEEM: Crossing 200 DMA?After more than a week of amazing performance, STEEM has reached the level of the 200 DMA at the STEEM/BTC pair. Typically, crossing that line would indicate a very good signal of reversal…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: We need some more volume...Finally, BITCOIN has completed the last 5th...and it has been done in a very accelerated way as I wrote yesterday. So high that it all has happened in a matter of 10 minutes. Let me show you the…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Equal Patterns = Equal Results?Another day of tiny volume, drafting what people is starting to call another "Bart" pattern, this time inverted. Actually, if we want to be more rigorous with the TA and Pattern Recognition…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: This is the EW count on play...I have to make reference here to my post published on January 15th, called "BITCOIN: Current Possibilities". There, I planned two scenarios, depending if the 5th wave was already completed or…toofasteddie (70)in bitcoin • 6 years agoAnother illogical sell...Again, another drop equal to last rise and lasting a couple of minutes... Market seems to be anyway stabilized in the current range of prices... Impossible to envisage what is going on and what…toofasteddie (70)in bitcoin • 6 years agoWhen a Bullish Market?...or better said, by when the reversal will be confirmed? Honestly, I do not know with certainty but I can share with you what I think are really good and simple tools to assess this point: The…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Triangular formation...Remember my post yesterday and my main Two Possibilities ... Should I reconsider those scenarios ? Well, you have always to review and control the Plan, however, I have to say that both…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Current PossibilitiesTwo Target supports, two different alternatives... Assumption: Extended 5th still on going Last 5th wave of the down-cycle may be composed by 5 subwaves (Brown). First wave (very long IMO) and…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Two possibilities, same result...As explained yesterday... currently there are a lot of chances that the end of the correction has not been reached, and so, there may be a last move downwards in order to terminate the 5th wave…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Is the correction finished?...and the answer is also difficult. I see two possibilities now at the 4 hour-chart. The first one: with the last drop, BITCOIN has reached the 5th wave bottom, end of the ZIG-ZAG…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Testing and old resistanceEarly yesterday we saw a sudden drop of the BITCOIN price followed by a short and shy consolidation movement upwards... The drop was expected since the Elliot Wave count was alerting about that in…toofasteddie (70)in bitcoin • 6 years agoBITCOIN: Stick to the planBearish Flag, as expected. Ready for the decisive movement? Elliot Waves and volume indicates a lower low... Currently correcting and forming wave 4... it must be already completed... I have…
