Why I add drawings to my TA - mostly as I have time and enjoy entertaining on serious topics. Brighten up the world of @TradingView for you guys.
In the recent months since the Rocket call - (BTC Drop to 30k from 60k+) its been a slow steady burn on the weekly 3-4 move in terms of Elliott Wave. I have spent the time putting together some educational content as well as some of the defined logic for the drop itself, the moves down and of course the current situation.
If you haven't been following the post, here are a few to help you along.
1) Elliott Roadmap (click the image for a link to the post)
This is how it's playing out;
2) Wyckoff Distribution - during the move down, many people turned to "Wyckoff" as it was widely publicised by the media and the usual crypto GURU. The irony was, back in March they all had it as Re-Accumulation.
(Click image for link to post)
Taken this further and into stage 2 of the basics; (Click link)
------------------------------------------------------------------------------------------------------------------------------------------- 3) I have written on the topic of assessment of alt coins, crypto in general and buying the dips. (click on the links again for posts)
4) Streams; Myself or @Paul_Varcoe put out daily streams, Paul usually does the 10:30 AM (UK Time) and myself the 3:30 PM (UK Time) Recently we have been talking about the length of time, expectations and logic supporting the moves and dynamics.
Paul's stream are done as a viewers request series, so go ask him what you want.
If you dedicate the time to read through these articles above and watch the couple of streams posted here. It will all make sense, feel calm like Yoda. Enjoy your trading!
Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
So you're saying we're going up now after a period of re-accumulation or? The next leg is #4?
Mayfair_Ventures
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@apsnt, This post is only education rather than a call. The logic was from the rocket post back in March as to why this move. Then the Elliott, Why the Weis waves paint the time periods etc.
VIDAL01MX
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@Mayfair_Ventures, One question, I read you on a site that you commented that you had sold BTC in the 60k range and you were expecting to buy back at 26.5k, question, have you not bought BTC again? thanks for sharing
Christiano07
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We are going to 21k
Mayfair_Ventures
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@Christiano07, it could for sure, now it's about eliminating the possibilities or justifying each swing.
VIDAL01MX
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@Mayfair_Ventures, Thanks for sharing. I understand that they are not financial advice. Excuse me, I don't understand what the next move is, is it going to go up to 80,000?
VIDAL01MX
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Master Yoda was wrong this time, many waiting for the fall missed this great climb, no way, because they were afraid
CHARTING-CHIMP
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I beat you to this chart 3 day's ago;) hahaha Im a fan man, love what you do. Keep it up!