Bitcoin/usdt binance.

Jul 31, 2018

BTC update. Currently we are in descending wedge, which mostly likely would bottom out between 7550 and 7600. Daily macd, stoch, and rsi indicators need to cool off, which puts it perfect for the downward direction its going. After the daily indicators cool off in the next couple of days, I think we are ready to rock. Good news is the weekly macd is bottomed out and about to cross line in a bull direction. Also the monthly momentum is bottomed out starting to turn up also. Not for nothing, its looks to me the long term indicators are turning bull, thus marking the end of the bear season and already started the bull season....but we all know how the whales play...

Jul 31, 2018

Note

Daily indicators

Aug 4, 2018

Note

Full update on bitcoin. This scenario is showing both the bull and bears POV. For the bear view, its a possibility, we have a double top and pretty big h/s forming. Right now, the right should is mimicking the left shoulder. If so, this drop is spot on, and now we should pump to 76-7700, then back down to 7500. I measured the left shoulder, and if we are going to drop off, it should happen around aug 6'th in 2 days. If we do, we don't want to break that big red dotted line down there at 6780-6800. If we do, btc will probably free fall to the 4k's and land somewhere between 4200 and 4750. I think 4750 is the bottom of the channel from charting BLX in log view. The bull view is, we just hit our target and are in our buy zone for maximum profits, to head up from here. Good chance we could consolidate down here too before going up. Indicators. 4hr MACD and RSI are looking very bull, with stochastics chilling in the middle, but looks to be getting pinched down for a move. Daily stochastic look very bull, while the RSI has a h/s and is continuing to go down with more room to travel. The macd is over bought, recently crossed down and looking bearish. The monthly stochastic are headed up with still more room to travel up, but approaching over bought territory. The RSI that was coming down, made a pretty good turn half way down, and could possibly uturn and go back up, or turn down again. The macd is looking very bull. Its over sold, and trying to cross upward, but is meeting a little resistance on the cross. Its not 100% it wants to cross at the moment, but its super close.

Aug 4, 2018

Note

Looks like bear scenario played out. So heres a update.

6950 is 2.618 pitch fork line. not much support but stop at least. 6850 would be major support. and trend line.

Aug 8, 2018

Trade closed manually

BTC bear claws are out! Wave 4 invalidated the bull elliot count by breaking the peak of wave one at 6790ish. Bear got the longs on the nice bull trap, and now the bulls are gonna get hammered. Its most likely the last chance the whales have at dropping btc -3.23% to a ultra low price forever. When institutional money begins coming in, whales won't have the power they use to have. We probably gonna make a HS with a bounce off 6120, to work on the right shoulder, then the bears will cut the bulls neck for all out bleed out. :frowning: Sad day today. Weekly Stochastics very recently crossed down from overbought. So plan to bleed for entire month straight now.