IS BITCOIN HISTORY ABOUT TO REPEAT?

26 ก.ย. 2019

Hey Everyone,

I HAVE JUST DUSTED MY CRAYONS OFF.. and it is time for a new chart, as the last one invalidated with the last drop.

We broke down through the SUPER DUPER SUPPORT, the pattern was extremely profitable until this point :)

Right now I am looking at this pattern (SHOWN), and a similar pattern and situations we saw in November 2017 just before the major BULL RUN to the All Time High.

On September 23rd, 2019 just a few days ago we saw a mysterious 40% drop in BTC HASHRATE, just 5 days earlier Bitcoin’s hash rate passed a record 102 quintillion hashes in a historic milestone. We saw a sudden decline in BTC Price.
Why is this significant?
In November 2017, BTC HASHRATE suddenly dropped 50%, followed by a slowing of transaction processing times throttling the network increasing demand with slow supply.
Prior to the hahrate drop, BTC price climbed to the low 8000s and at the hashrate drop we saw a sudden price decline to the high 5000s.

IS HISTORY ABOUT TO REPEAT?

We are likely in a WXY corrective pattern which is taking the form of a falling wedge, which we know to be usually a BULLISH corrective pattern. The 3rd wave in any direction is usually the strongest and most powerful. In this case it took out all the stops waiting under the neutral triangle, creating a domino effect.
I see 20K double top is in the realm of possibilities and I see 30K as possible Christmas run with a healthy does of FOMO thrown in.
Many exchange CEOs and FOUNDERS are very BULLISH on BITCOIN and other than some social media sites, the industry is taking off and BITCOIN is now a household name - and if you are not in the 'COOL CROWD' unless you own some :)

"Reach for the moon! Even if you miss, you will land among the stars!"

Short term, we are oversold and should see a relief bounce if we can get some volume entering the markets after mass liquidations on many exchanges. Over the next few weeks we will see movement within the wedge pattern, before we turn for our annual Christmas run.

If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.

So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

26 ก.ย. 2019

บันทึก

FULL EW COUNT