My Bottom is in thesis.(btc, Alts need a bit more downside).
4 screenshots:
Bitcoin: bottom of wedge e rarely makes it to Bottom again.
Ada: allmost at the perfect level for the expanded flat.
BTC.D nearly at the top of the triangle correction
Total2: close to the 1.618
#Bitcoin
2/2 If i hold the faith of unknown ppl in my hand i get worried about money again. As i don't want ppl to lose money cause of me. If you have Worry about money, you are a shite trader. You trade cause of odds not cause of feelings.
1/2 A small explanation on why i don't post anymore.
My results started going backward, without me changing strategies. After 7 months of this i started Investigating why. Couldn't Find An answer at first, but after all this time I proved it.
@CryptoTony__ As An Elliot wave user i say, it is not needed for trading.
Hard to Learn, alot of work to update your charts, ...
Just Learn normal ta, and only Learn Elliot wave afterwards if u have a true Passion for market structures.
SPX allmost at an important zone with confluence, Either decent correction upward coming in(also for crypto). Or totally bottomed out and up from there(green box). If another drop comes in that goes deeper, that yellow line is the place i'm eyeing.
#Bitcoin#SPX
@leonymets @jontalotta@APompliano wrong mentality you have there. Thinking like that brings you nowhere. In 2012 i was of very average riches is 2016 i was middle class, now i'm very upper middle class.
Trading does not make you rich fast. Trading is about consistency and steadily going up.
Getting rich fast is only Done by investing in low caps you believe in. And hittimg it!
Trading however is a good way to have a 'steady' monthly income and thus live from it.
So update on Bitcoin as @Gagankv18 asked some legit good questions.
I van explain all of Them in 1 chart. The Bitcoin 4h.
Yellow Line: the(no wicks included channel)
Green Line: the no wicks included trendline.
Don't trade Before a break and retest, But IT looks mildly bearish
Where do we go from here? As said i don't think we will instantly rocket to new ATHs. A date to watch is the night of the 15th as it is a full eclipsed full moon. I reckon we get a decent correction again there. The multi-year channel is also getting closer(white) #Bitcoin