Jump to content



Photo

THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low


  • Please log in to reply
2512 replies to this topic

#1171 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 08:19 PM

Cramer told everyone to sell their Gold and Buy Buy Buy Bitcoin in late March....

 

Good to see some things never change.....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1172 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 08:21 PM

Unfortunately, the ratio is exploding due to Bitcoin getting pasted, rather than Gold exploding.

 

Hopefully soon we get both!


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1173 CHAx

CHAx

    Member

  • Traders-Talk User
  • 1,614 posts

Posted 12 May 2021 - 08:23 PM

Gold / BTC...we have liftoff....

 

xaubtc.png

 

My hourly stuff gave me a sell signal on /BTC at 4pm eastern.  picked up 6k points already out.  Now my 8 hour is on sell for /BTC......  not sure if I should take it.  Kinda spooky risk/reward.  Should be good for like 10k points on that time frame, but Id have to risk 3-4k points.  I might hit hit again at like 52k-53k with like 3k stop loss (talking points not $$).



#1174 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 08:28 PM

And just a heads up....

 

CME has now opened up the Micro Bitcoin contract 1/10th Bitcoin, instead of 5 BTC

 

So margin is now only around $2k per contract instead of a whopping 100K

 

Should see a lot more action now I would think.....

 

https://www.cmegroup...ME&pageNumber=1


Edited by K Wave, 12 May 2021 - 08:29 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1175 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 08:37 PM



 



Gold / BTC...we have liftoff....

 

 

 

My hourly stuff gave me a sell signal on /BTC at 4pm eastern.  picked up 6k points already out.  Now my 8 hour is on sell for /BTC......  not sure if I should take it.  Kinda spooky risk/reward.  Should be good for like 10k points on that time frame, but Id have to risk 3-4k points.  I might hit hit again at like 52k-53k with like 3k stop loss (talking points not $$).

 

I think 52k+ could be a prime re-entry...just bounced at 4 hour 900, but 2 hour now in full rollover mode.

I think 4 hour will get blown out after this bounce, as I think crash  mode is starting after the 3 Drive Top.. and if not, it should at least get re-tested.

 

Once 4 hour busted, BIG air gaps below.....

 

2 hour

 

3h.png

 

4 hour

 

4h.png

 

Daily

 

bd.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1176 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 08:50 PM

Tesla suspends BTC payment due to "concerns about the environment" ...wink wink

 

https://www.zerohedg...onmental-impact


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1177 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 08:52 PM

And if this isn't a sign  of a top...........

 

Guy gives 1.2 BIllion away in likely soon to be mostly worthless coins....

 

https://www.zerohedg...ia-covid-relief


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1178 CHAx

CHAx

    Member

  • Traders-Talk User
  • 1,614 posts

Posted 12 May 2021 - 08:59 PM

Who taught you the 900 MA support/crash line?   For like a year, I've seen you post it and across multiple trading instruments and I can see why you value it so highly.



#1179 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 09:15 PM

Who taught you the 900 MA support/crash line?   For like a year, I've seen you post it and across multiple trading instruments and I can see why you value it so highly.

My own discovery...was playing around with all sorts of different MAs

 

When I ran the 900, a whole new world opened up.....multiple time frame looks are key as well.

 

It is not 100% accurate, nothing is, but it is uncanny how often it nails turning points.

 

And often times if it overshoots the 900 on one time frame, the next time frame higher or lower often reveals why, and it then makes the turn there.


Edited by K Wave, 12 May 2021 - 09:18 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1180 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 12 May 2021 - 09:21 PM

Here's wild one for ya...look at that run on AAPL over a decade...

 

aapl.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy