SC, as can be plainly seen there was a triangle within a triangle that touched (or nearly so) both sides several times - with the smaller one having the orange colored baseline. According to that measurement, there is a target of about 5000.
When you wrote this post the GXBT was around 8450. As of this morning (November 22 at 4:40 am EST) it has fallen 1000 points since your post and is under 7400 (down around 13% since Monday).
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Took a position in Bitcoin and expect can see $10,000 tested soon.
ReplyDeleteLooks too risky for me
DeleteLooks great actually!
ReplyDeletepost your chart so i could see what your looking at
Deletehttps://www.youtube.com/watch?v=Y3zwQ0EddGM&feature=em-uploademail
Deleteprnt.sc/pz3r4y This would be bullish bias, targets by fibs. What about u?
DeleteW formation idea is from SC, i would go for consolidation under 10k for few months as for bullish bias
DeleteSC: isn't this an ordinary symmetrical triangle - which breaks up 60% of the time (but 40% of the time doesn't!)?
ReplyDeleteIt's not really an example of a triangle as price hasn't touched both sides a few times. But I do like that thought process.
DeleteSC, as can be plainly seen there was a triangle within a triangle that touched (or nearly so) both sides several times - with the smaller one having the orange colored baseline. According to that measurement, there is a target of about 5000.
DeleteWhen you wrote this post the GXBT was around 8450. As of this morning (November 22 at 4:40 am EST) it has fallen 1000 points since your post and is under 7400 (down around 13% since Monday).
SC, do you see bitcoin and alts making New ATHs in coming few years or maybe sooner? Or this was the bubble in ur opinion?
ReplyDeleteBitcoin high 2020, marginally higher 15,000.
DeleteThe Bitcoin market is normalizing as participants enter the market. This means that the days of either Bitcoin crashes or big upsurge are over.
This is a good thing, it's an active market with liquidity and developing well. There's nice action and excellent to trade.
No way
DeleteVery interesting view, thank you!
DeleteBitcoin spiking!! Yeah!!!
ReplyDeleteWhere
DeleteUV XY looks like it's gonna make a mess of move to the upside at some point here All the daily chart it's at the bottom of the channel
DeleteUVXY after Thanksgiving.
DeleteJust doesn't look like UV XY will go to 12 like you said it will I don't think it goes anywhere near $12 on this go round
DeleteI said UVXY $15 Thanksgiving and $11 for New Years Eve.
DeleteSC - UVXY was just around $15...we have record VIX shorts like Jan 2018...we may get a similar move down in SPX into Thanksgiving/December..
DeleteI'm expecting the timing for a bigger move in January. We are getting closer at least.
DeleteSo you gonna buy a 15 and sell where then you gonna bite 11 and sell where
ReplyDeleteYes, well probably just go with TVIX. Will post chart with the December plan.
DeleteWhy?
DeleteTvix will split in january
DeleteBecause this is a tight market. TVIX has better leverage which is a benefit in a slow market.
DeleteWhen the market is fast, which I expect next year, then I will avoid TVIX in favor of UVXY.
There is the dip. SVXY test $62 next.
ReplyDeleteSCNovember 15, 2019 at 5:38 AM
"Today, SVXY will open around the upper fork resistance. A several day dip could occur here."
Are you saying SVXY going back to of 62 from here
ReplyDeleteYes
ReplyDeleteLol, touched my target, lets see if it holds
ReplyDeleteGbtc 8.5
ReplyDeleteGBTC still looks good with higher low from October. Even though Bitcoin obviously didn't hold at 8k.
ReplyDeleteW still in play..
Massive protests are breaking out worldwide. We enter TVIX next week!
ReplyDeleteWhat is your TVIX target to go long And where is it going 15
DeleteTVIX $6.75, target $8.
Deletehttps://finance.yahoo.com/news/credit-suisse-ag-announces-reverse-133000838.html
Deletesplit coming dec2nd 2019 I would stay away
Deletehttps://sixfigureinvesting.com/2013/08/next-vxx-reverse-split/
DeleteThat will be nothing Max. Spx. 3050
ReplyDeleteThat will be nothing Max. Spx. 3050
ReplyDeleteNew chart posted!
ReplyDeleteInvesting online has been a main source of income, that's why knowledge plays a very important role in humanity, you don't need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly, just file a complaint with Mr. Carlos, I had almost given up on everything about binary trading and ever getting my lost funds back, till i met with him, with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: investandearnbinaryfx@gmail.com or whatsApp: +1(424)285-0682 or telegram : @IEBINARYFX
ReplyDelete