6 replies to this topic

[CLK]

This is a big day for Bitcoin and crypto, 7k is broken, now just needs to close today at or above

and the daily will turn up. The weekly is looking bullish here, I believe we are on the verge of a

multi-month rally.

[CLK]

Daily buy print New York close. Maybe a little back fill now, maybe none.

[CLK]

Anyone that followed the Trader Boss setups will recognize this falling wedge....rallies out, comes back and tests then

tests highs again.

 

 

[NAV]

CLK,

 

So are you holding bitcoin for long term ?

 

The chart of bitcoin is exactly like the one of 1929-30 so far. We are now in the final painful decline which should look like 1930-32. Series of lower lows. You can keep drawing wedges and they will  keep failing. The bubble has burst.

[AChartist]

Just a hypothesis for now, see if two up cycles 1st of Oct manifest a thrust, there is one more low cycle late

 

Nov. Everything is up powerfully except this Nov low cycle and then everything really up. Clif said it will be recognized

 

as a huge btc volume initiation day see if that is early Oct with these two cycles, maybe ok to react and chase that after the

 

fact but I am probably committing late Sep. These are from weekly log detrended to help normalize the effects of the parabolic.

 

For now daily high Sep 7.

[CLK]

CLK,

 

So are you holding bitcoin for long term ?

 

The chart of bitcoin is exactly like the one of 1929-30 so far. We are now in the final painful decline which should look like 1930-32. Series of lower lows. You can keep drawing wedges and they will  keep failing. The bubble has burst.

 

 

NAV,

 

No, I will only hold until the daily turns down, right now the daily just turned up so I will wait and see what happens.

I have seen this pattern over and over resolve higher in crypto, just like I've seen the 5th wave triangle top in many.

As long as 5900 holds there is no reason to believe it's going lower, but if that happens then I will just trade what daily

bullish reversals are left.

[AChartist]

posted this in the gold board thread.

 

the weekly cycles are turning now or up to about mid Oct turning. daily cycle is up a few days if there is one more low cycle

in daily should be about Oct 17 low. Theoretically the low already hit when I said before but still turning action that is some issues

starting to differentiate themselves.

 

the main point I want to make is all cycles are aligned up explosively next. Cliff said you'll know it by a bitcoin up volume thrust day.

 

it really is time to isolate relative strength if there are any more weakness before the initiation launch about Oct 17, the

items that have already turned that dont participate in any more low should be leaders to start scooping.

Clif says in his data the ones that seem to persist long term are OMG and PPT and still likes DGB.

I will review relative strength for new ones before Oct 17 and have made some observations, to see one more period of

relative strength in a fake low should be conclusive I think that might be leading up to Oct 17 not saying that is a low price

but should be a low cycle turn.

 

cycles are no guarantee I know, often is some up and some down and no predictive value. but is a good chance this one is real

with so many aligned up vertically. Ok to wait for that volume initiation to respond too where it going paying for a little confirmation wont hurt either,

look for it around Oct 17.