Tylax-Finances

Tylax-Finances Updated 

Important notes before kicking things off: The following content is not trading advice! It´s only my thoughts and feelings about the market. Make sure to be ok with the fact that all actions are based on your own decisions and no one else is forcing you to do so. Always, and especially if you lose money! "Flip Flops - check. Coconut oil - check. Corona...

Tylax-Finances Updated 

Important notes before kicking things off: The following content is not trading advice! It´s only a strategy which would have worked over the last two bull markets. If you decide to give it a try make sure to be ok with the fact that all actions are based on your own decisions and no one else is forcing you to do so. Always, and especially if you lose money...

Tylax-Finances

Before you start telling your momma that "BTC will go down to 1k for sure" take a look at the previous bull market where we had almost the exact same kind of drop before shit really got real. We dropped about 42% and all the way back down to the 100 EMA (blue line). This is still nothing to worry about!! Relax your souls guys! Nobody knows if we are in a bull...

Tylax-Finances Updated 

Right now, Bitcoin is getting squeezed into this Descending Triangle Pattern. Since this pattern can be seen as a continuation pattern, chances are that we see another leg up as the next move. Typical for such a pattern is that the length of the first wave is often almost as long as the length of the break out wave. Thus, the target lies somewhere around 14.4k...

Tylax-Finances Updated 

Hey guys! I was trying to figure out the next move for BTC and I found out that price movement looks very much like it is building a cypher pattern. The entry level of the pattern would also match up almost exactly with .786 Fibonacci level of the entire correction movement. That´s always a good thing :) Anyways, this whole idea looks promising but could be...

Tylax-Finances Updated 

As I have pointed out in my last idea, I´m not too much of a believer of the BTC 4 year cycle theory. Today, I want to show you why. First and foremost, I want to show my honest respect for the well known cycle analyst, Bob Loukas, who initally shared and helped to spread the 4 year cycle theory with a big audience of crypto enthusiasts. I respect your experience...

Tylax-Finances Updated 

Lately, many people were screaming for the beginning of the next BTC bull run. Fear and greed index made a new ATH with 76 out of 100 points as I am writing this text. Bitcoin is crushing resistance levels like they aren´t any and wide spread theories like the golden cross theory or the 4-year-cycle theory got huge attention in media (especially on YouTube). And...

Tylax-Finances Updated 

As you can see in my chart, there are quite some indicators for a bullish move, which could result in BTC´s first higher high since the peak of the bubble-burst. Obviously it´s a high risk scenario and it also can be seen as a failed wave 3 attempt with a hard drop to the downside. I just wanted to share my thoughts and things I´ve seen. Decide for yourself if...

Tylax-Finances Updated 

In this chart you can find the reasons, why I think that Cardano will move soon. We built up a bottom trendline over the last couple of days. If we clone this trendline and put it on top of the last high, we can see, that the resulting channel would meet almost perfectly with a former high trendline (orange upper line) to build a double top. We could also...

Tylax-Finances Updated 

After a very nice bull run I see XRP at it´s top for now. We already see a bearish divergence on RSI and price and a wave 5 which has double topped at 37.4 cents. This means that we will probably head into a small drop down to the 0.5 - .618 level of the overall wave length which is somewhere between 31.5 cents and 30 cents. This would be a nice little profit of...

Tylax-Finances Updated 

I see BTC retracing to the .618 level of the former uptrend, which would be somewhere around 6.9k. After that, I assume that BTC will leave the descending triangle downwards because of a lack of buy volume. Let´s see how it turns out and be cautious on your way. It´s not easy to predict price right now and these are just some thoughts and possible playouts.