youp (51)in #bitcoin • 5 years agoI gambled and I lostOf course I know that holding leveraged positions is risky and I thought I had a pretty large safety margin. Yeah…youp (51)in #bitcoin • 5 years agoWave ii bottom in sightWe are approaching the weekly parabolic support line which leads to over 100k in September 2021. Also, the…youp (51)in #elliott • 5 years agoTrying to label Elliott wave iiThe wave ii correction started a bit slow, but has been picking up steem lately. On Bitfinex, today, we printed a…youp (51)in #bitcoin • 5 years agoWave 2 target: somewhere between $8k and $9kFinally, wave 1 seems to have topped. Wave v decided to extend itself from 9650 to 10500, almost a 1000$. It's…youp (51)in #bitcoin • 5 years agoAnother try to call the wave 1 topA quick update. I was too early in calling the top and that's not the first time. Maybe now we're there as at least…youp (51)in #bitcoin • 5 years agoWave 1 is complete, corrective wave 2 is nextThe move up is looking very five wave-ish. Not just on bitcoin, but also on the total crypto market and the…youp (51)in #bitcoin • 5 years agoFrontrunning the S2F modelThe breakout out of the correction seems confirmed. Please note that we are above the weekly 21 SMA, 21 EMA and 21…youp (51)in #bitcoin • 5 years agoThe bull market is back!Above a chart of the total crypto market. We've found support on an important level in November and December and have…youp (51)in #bitcoin • 5 years agoLitecoin is movingLitecoin seems to be breaking out! And, looking at the weekly chart, it's about time. Just 4 days ago, there…youp (51)in #bitcoin • 5 years agoI'm moderately bearishYes, we are pushing against the red neckline of a head and shoulders reversed pattern. And yes, if we break this…youp (51)in #bitcoin • 5 years agoNot out of the woods yetWe had a nice move up yesterday, but I don't think we're out of the woods yet. Elliott wave wise this is the third leg…youp (51)in #bitcoin • 5 years agoBitcoin futures & options, some thoughtsThe crypto markets are very quiet this time of year. So, let's take an excursion into exploring bitcoin options &…youp (51)in #bitcoin • 5 years agoA new low in DecemberThis week we've seen another important bottom in December as prices decided to drop just below the November deep. On…youp (51)in #bitcoin • 5 years agoThe On-Balance Volume IndicatorThere are those who believe that volume precedes price. Joseph Granville was one of them and he developed the…youp (51)in #bitcoin • 5 years agoThe December EffectImportant tops and bottoms for bitcoin tend to occur in or around December. In fact, only the 2011 and 2019 tops…youp (51)in #bitcoin • 5 years ago"...the price of any commodity tends to gravitate towards the production cost...", Satoshi NakamotoWell, if the purpose of this drop is to scare the bulls, they've succeeded. Some are even questioning if the move up…youp (51)in #bitcoin • 5 years agoWave 3 progressing, part VThis is going down too fast now. I think I need to relabel as above, or something like it. The October impulse has…youp (51)in #bitcoin • 5 years agoWave 3 progressing, part IVSevere pressure by the bears is put on the price of bitcoin. I had expected the 61.8% retracement level to provide…youp (51)in #bitcoin • 5 years agoWave 3 progressing, part IIIThe situation is pretty clear. We have made a impulse up (from the October 23 low to the October 26 top) and are now…youp (51)in #bitcoin • 5 years agoWave 3 progressing, part IIWithin the larger wave 3, we have completed encircled wave i and are about to complete encircled wave ii. Looking…
