BullWick

BullWick Updated 

The red lines show top of current range BTC is in and where many sellers reside and the green lines show where the buyers are strong. Many think we will fall but I think bottom was 8350 a few days ago and the whales are accumulating big positiions for the next run up. The blue arrows show some key FUTURES dates, the first is when they were announced so obv a...

BullWick Updated 

The 8350-8400 level proved to be very strong support as the expected 8200 support was never even reached. The chart above shows a possible count underway in which the 8350 takeoff to 9500 was wave 1, we just retraced nearly fully for wave 2 and have started wave 3 with a bang as 3of3 just shot straight up. We are now looking to retrace to maybe 9050 or 8750 at...

BullWick

Just looking for input on what some of your plans are trading this market. On the chart you see nice bounces on retraces during downtrend. We are in a small one now which could end up quite a bit bigger as 10400 is not out of the question just yet and then 11300 or so before an almost sure turnaround. But even on a run of 8300 to 9500 there was a bunch of...

BullWick Updated 

A possible scenario is this ascending right triangle where 1of3 forms the upcoming D wave, 2of3 forms the E wave in the triangle and 3of3 breaks out and makes all the bulls' dreams come true. This would jive well with the series of flash crashes and long wicks being bought up near the bottom of this formation where some are definitely increasing their positions...

BullWick Updated 

Tron just broke the bottom support of the ascending right triangle formation it was in for weeks now and this can only mean one of two things... 1. BTC will continue to head lower and take alts with it OR 2. WHALES ARE ACCUMULATING AT THIS LEVEL. I have a bullish bias atm so I think that while BTC is ranging here at 200EMA support on the 4hr, Whale bots are...

BullWick

Hey again all, If we take a look at the symmetry between July/Aug pump and correction and DEC-FEB, we can see that NEM is following same script and has just dipped below the level of last summer's breakout which occured at the 61.8 retracement. We are now approaching the 78.6 retracement now and have pierced the bottom line of the falling wedge. I'm expecting a...

BullWick Updated 

Hey all, looking at NEM/BTC we see that RSI is massively oversold here and price is resting on bottom support of falling wedge. Last few times it was this oversold we saw a big 20%+ pop vs BTC. NEM is due here imo. However I'm not convinced this is bottom and we will continue on up, just a quick reverse of current downtrend and perhaps more correction to follow...

BullWick Updated 

We are entering choppy waters around downtrend line but this is just a wave 4 down. Completed the A, on B now and then C should take us down to around the EMA 200 in the 10100 to 9800 range so if you want to add or buy back what you sold/shorted, that would be the range I'd be looking at. Then it's wave 5 time. Don't freak out when subwave 1of5 bounces off the...

BullWick

XVG on the hourly looks a lot like BTC on daily....and like every other correction off of a parabolic run. Just moving up now from the steep C wave. So is it going to moon again right away putting in another 5 impulse waves? ... hope so but doubt it. Besides BTC may not be quite done with its 4 wave just yet so that'll drag it down a bit too.

BullWick Updated 

I think XRP is on its way to 1.50 soon and should reach about $1.20 again tonight as BTC makes another run at 9K. Buyin: 0.95-93 S/L: 0.919 (invalidates subwaves count) Targets: whatever floats your boat. I will likely be out by 1.20 and reassess.