Time For Our Final Push Downward - Then BULL NATION

29 de ago. de 2018

I'm going to keep this short and sweet today everyone.

We are in a downward channel.

We are finishing up a rising wedge. Leg-E has broken above the top of the rising wedge, which is a typical bull trap in a rising wedge.

The downward target for this wedge is $4800-$5000, which will occur around September 11th. Then... up up and away!

I wish you all the best of luck. As usual, you are responsible for your own trading and investment decisions. Take care!

- SecludedJ

29 de ago. de 2018

Nota

Here is a potentially modified downtrend channel, still arriving at our 5k target on September 13th.

We will have a much better timeframe once the wedge breaks down. We might still be spending a few days floating in this zone to get the shorts to close, turning them from bearish to bullish, then pulling the rug out from under them.

10 de set. de 2018

Nota

Just figured I'd provide an update here. All seems fine on this trade. Still looking for 4.7k-5k. Will have a better idea once we really start falling. Expecting to arrive at our target within the next 72 hours.

If 5.9k support holds, I will reasses the situation. I do have alternative scenarios if it does hold, however, the 4.8k scenario seems the most likely at this time, still.

14 de set. de 2018

Nota

This scenario has likely been invalidated. I will provide updates in the coming days, but at this point, I believe it is no longer viable.

I am watching the alt coin market very closely, and believe we are incredibly close to a bottom. We should see a double bottom with them, or slightly lower. But either way, big moves are to come for alt coins. I will provide a chart for that in the coming days / week.

As for Bitcoin, it is still a watch and see. I think re-testing $6,000 is certainly in the cards. Breaking below that is the big question. We will see. I'll update later.