Ladies and gentlemen, i'm back again.
PLEASE BEFORE ANYTHING ELSE : CLICK ON THE LIKE BUTTON AND FOLLOW ME. YOUR SUPPORT IS VERY IMPORTANT TO ME.
Now, let's begin with some serious stuff and recap everything in BTC since 2017.
For most of the crypto-space, yesterday was a terrible day. Maybe one of the worst there has ever been. For me, of course it wasn't.
If you follow me since 2017 you know i have recommended to sell BTC holding's since 17-18k$ and to begin the short positions since BTC turned in bear market around 12k$ :
At this time my charts was really ugly but hey, the idea and the price action were relevant.
If you click on the link you will see a exemple of two of the gorgeous trades i shared last year. The first one was just chirurgical :
The other one takes more time to release but was a success too :
Since we hit 3200$ area in november 2018. I recommended to caught the "mid-term" bottom of BTC around 3500$ :
.
AND MOST IMPORTANT for the french community i made 2 educational videos were i explain a potential ABC super cycle correction. On these videos i said the TOP of the B should be around 13500$ (we were around 4000$ at this time) and guess what : it happened !
My last chart should soon be succeed and i can remember when people told me the chart was ridiculous. This is fun :
I have a question. Is there on Trading View any single analyst who did such constant and precise work ?
I'm not here to congratulate myself (well maybe a little bit) but what i want to share is that it seems we are effectively in a Super-Cycle B wave now and so I expect the C wave to break the 1500$ area.
I know, by now, you are literally thinking : IS HE CRAZY ?
And I know, as everyone i'm not perfect so i can be wrong some times (infinitely rare #sarcasmornot).
SO NOW THE UPDATES, because that's why you are here :
Let's talk about some facts. However i look the graph my answer is the same : A CRASH NOT END LIKE THIS. We are still way too high compare to the average price action before the begin of the bubble.
In a technical way :
- We have break down the triangle who was contracting the price since 2 years now and for THE FIRST TIME EVER we broke the weekly 200 MA (and the 200EMA you see on the chart in blue, but for the second time). A weekly close under the 200MA would be an EXTREME BEAR signal. I agree there are 2 more days to go before the close.
Take a look at this chart :
https://charts.cointrader.pro/snapshot/KF5Kf
- Ichimoku shows bear territory in weekly AND MORE IMPORTANT a FLIP in bear territory on MONTHLY
- Monthly RSI is in BEAR territory.
- Monthly MACD crossed again in a continuous bear-market.
- OBV and CMF are a disaster. With all time high sell volume.
- SAR is now break.
I know this post is not very optimistic, but more and more i'm seeing the chart, more and more i feel that the crypto-market is in a MASSIVE trouble. Yes it can only be because of coronavirus, yes the halving is coming, yes maybe BTC is the real revolution. If you follow me you know i'm a BTC supporter. BUT FOR NOW IM STILL BEARISH.
A fall to 1500$ or even lower doesn't mean BTC IS DEAD (but probably most of the altcoins will be).
Trading is a game of patience. Better days are to come.
I'm now making chart for forex and stock too so follow me and say me in the comment section which chart you would love me to see me analyse.
Wish you best luck everyone and remember IM NOT A FINANCIAL ADVISOR, I'M DOING IT FOR MY PERSONAL ENTERTAINMENT ONLY and the pleasure to share my ideas with you !
CHEERS
PLEASE BEFORE ANYTHING ELSE : CLICK ON THE LIKE BUTTON AND FOLLOW ME. YOUR SUPPORT IS VERY IMPORTANT TO ME.
Now, let's begin with some serious stuff and recap everything in BTC since 2017.
For most of the crypto-space, yesterday was a terrible day. Maybe one of the worst there has ever been. For me, of course it wasn't.
If you follow me since 2017 you know i have recommended to sell BTC holding's since 17-18k$ and to begin the short positions since BTC turned in bear market around 12k$ :
At this time my charts was really ugly but hey, the idea and the price action were relevant.
If you click on the link you will see a exemple of two of the gorgeous trades i shared last year. The first one was just chirurgical :
The other one takes more time to release but was a success too :
Since we hit 3200$ area in november 2018. I recommended to caught the "mid-term" bottom of BTC around 3500$ :
AND MOST IMPORTANT for the french community i made 2 educational videos were i explain a potential ABC super cycle correction. On these videos i said the TOP of the B should be around 13500$ (we were around 4000$ at this time) and guess what : it happened !
My last chart should soon be succeed and i can remember when people told me the chart was ridiculous. This is fun :
I have a question. Is there on Trading View any single analyst who did such constant and precise work ?
I'm not here to congratulate myself (well maybe a little bit) but what i want to share is that it seems we are effectively in a Super-Cycle B wave now and so I expect the C wave to break the 1500$ area.
I know, by now, you are literally thinking : IS HE CRAZY ?
And I know, as everyone i'm not perfect so i can be wrong some times (infinitely rare #sarcasmornot).
SO NOW THE UPDATES, because that's why you are here :
Let's talk about some facts. However i look the graph my answer is the same : A CRASH NOT END LIKE THIS. We are still way too high compare to the average price action before the begin of the bubble.
In a technical way :
- We have break down the triangle who was contracting the price since 2 years now and for THE FIRST TIME EVER we broke the weekly 200 MA (and the 200EMA you see on the chart in blue, but for the second time). A weekly close under the 200MA would be an EXTREME BEAR signal. I agree there are 2 more days to go before the close.
Take a look at this chart :
https://charts.cointrader.pro/snapshot/KF5Kf
- Ichimoku shows bear territory in weekly AND MORE IMPORTANT a FLIP in bear territory on MONTHLY
- Monthly RSI is in BEAR territory.
- Monthly MACD crossed again in a continuous bear-market.
- OBV and CMF are a disaster. With all time high sell volume.
- SAR is now break.
I know this post is not very optimistic, but more and more i'm seeing the chart, more and more i feel that the crypto-market is in a MASSIVE trouble. Yes it can only be because of coronavirus, yes the halving is coming, yes maybe BTC is the real revolution. If you follow me you know i'm a BTC supporter. BUT FOR NOW IM STILL BEARISH.
A fall to 1500$ or even lower doesn't mean BTC IS DEAD (but probably most of the altcoins will be).
Trading is a game of patience. Better days are to come.
I'm now making chart for forex and stock too so follow me and say me in the comment section which chart you would love me to see me analyse.
Wish you best luck everyone and remember IM NOT A FINANCIAL ADVISOR, I'M DOING IT FOR MY PERSONAL ENTERTAINMENT ONLY and the pleasure to share my ideas with you !
CHEERS
Commentaire:
Pretty obvious correction, but unlike others i don't think we will be able to go much higher than the 6800-7100 range. After that we should see knew lows.
Commentaire:
Well we exactly hit 7100$ let see how the price act now.
Commentaire:
UPDATE : You can see the massive triangle is rejecting the weekly candle for the second time. Scenario is still in play !
Be ready for lower lows !
Be ready for lower lows !
Commentaire:
I continue to expect lower low on BTC.
For people who had ask me here is my view on SP500 :
Have a nice day !
For people who had ask me here is my view on SP500 :
Have a nice day !
