Making & publishing this mental plan on when to buy Ford stock. Which means I'm starting now, slow & steady.
Drew this bear scenario at end of the 2021 bull cycle to keep me grounded to all possible outcomes. Have to say, didn't listen to my own logic. Now despite there being weeks of bears retreating we will keep going down until May '23 - the measured length of the last recession in 2008-2009 which lasted aroun 510 days. That being said I could be longer and much...
Strong bullish case with a huge inflow of retail & institutional investors still happening. The mainstream indicator "should I buy bitcoin?" from your quasi-trader friends is significantly slower due to COVID-19 social restrictions. RSI & Stoch indicators have taken a bit of a breather with the black monday of 11/1/2021. On this date 325k bitcoin exhanged hands...
Something in line with Novogratz predictions with some TA to support the idea down to $9,300-$6,000 before we get a healthy bounce up to new highs. Short entry on a convincing break down of the $11,300 support - at least a completed 4hr candle. The first serious support from four different sources is at $9,300: +We have the pitchfork anchored in May 2017, +Fib...
Measured target: 14682 USD - Looks like a relevant resistance level. It might not go this low since people have been very anxious to buy the dip this entire rally but its plausible. Wait on trendline break at 16400 USD for entry. The volume for this pattern is there but missing here on this chart because well not willing to pay for tradingview pro access, sorry...
Two different scenarios based on this analysis of trend lines. Pretty simple and straightforward - laymans analysis, sort of 80/20 for the time-poor. I'm neutral, not convinced by the CME news rally, waiting for the TA to possibly kick in but maybe not, this could get irrational.
This is a very long-term TA in terms of bitcoin. Have seen this discussed here and there and just wanted to make one public so 18 months from now I can come back and see how lucky I was. The handle was about a 50% retrace against the bottom of the Cup but I don't believe that voids it. If there is a moon that we are in fact headed towards, the last top was base...
This FOMO Bounce was successfully predicted by @IamSatoshi (Twitter: @CarpeNoctom) at @690. Bitcoin continues to be bullish over the long term although there is a possibility for a retrace on the daily timeframes to the $600 per BTC area. I'd give it a 25% chance of this retrace occurring. 1. Bounce on the retrace was successful, bids were executed on Bitstamp...