youp (51)in #bitcoin • last yearI gambled and I lostOf course I know that holding leveraged positions is risky and I thought I had a pretty large safety margin. Yeah…youp (51)in #bitcoin • last yearWave ii bottom in sightWe are approaching the weekly parabolic support line which leads to over 100k in September 2021. Also, the…youp (51)in #elliott • last yearTrying to label Elliott wave iiThe wave ii correction started a bit slow, but has been picking up steem lately. On Bitfinex, today, we printed a…youp (51)in #bitcoin • last yearWave 2 target: somewhere between $8k and $9kFinally, wave 1 seems to have topped. Wave v decided to extend itself from 9650 to 10500, almost a 1000$. It's…youp (51)in #bitcoin • last yearAnother try to call the wave 1 topA quick update. I was too early in calling the top and that's not the first time. Maybe now we're there as at least…youp (51)in #bitcoin • last yearWave 1 is complete, corrective wave 2 is nextThe move up is looking very five wave-ish. Not just on bitcoin, but also on the total crypto market and the…youp (51)in #bitcoin • last yearFrontrunning the S2F modelThe breakout out of the correction seems confirmed. Please note that we are above the weekly 21 SMA, 21 EMA and 21…youp (51)in #bitcoin • last yearThe bull market is back!Above a chart of the total crypto market. We've found support on an important level in November and December and have…youp (51)in #bitcoin • last yearLitecoin is movingLitecoin seems to be breaking out! And, looking at the weekly chart, it's about time. Just 4 days ago, there…youp (51)in #bitcoin • last yearI'm moderately bearishYes, we are pushing against the red neckline of a head and shoulders reversed pattern. And yes, if we break this…youp (51)in #bitcoin • last yearNot out of the woods yetWe had a nice move up yesterday, but I don't think we're out of the woods yet. Elliott wave wise this is the third leg…youp (51)in #bitcoin • last yearBitcoin futures & options, some thoughtsThe crypto markets are very quiet this time of year. So, let's take an excursion into exploring bitcoin options &…youp (51)in #bitcoin • last yearA new low in DecemberThis week we've seen another important bottom in December as prices decided to drop just below the November deep. On…youp (51)in #bitcoin • last yearThe On-Balance Volume IndicatorThere are those who believe that volume precedes price. Joseph Granville was one of them and he developed the…youp (51)in #bitcoin • last yearThe December EffectImportant tops and bottoms for bitcoin tend to occur in or around December. In fact, only the 2011 and 2019 tops…youp (51)in #bitcoin • last year"...the price of any commodity tends to gravitate towards the production cost...", Satoshi NakamotoWell, if the purpose of this drop is to scare the bulls, they've succeeded. Some are even questioning if the move up…youp (51)in #bitcoin • last yearWave 3 progressing, part VThis is going down too fast now. I think I need to relabel as above, or something like it. The October impulse has…youp (51)in #bitcoin • last yearWave 3 progressing, part IVSevere pressure by the bears is put on the price of bitcoin. I had expected the 61.8% retracement level to provide…youp (51)in #bitcoin • last yearWave 3 progressing, part IIIThe situation is pretty clear. We have made a impulse up (from the October 23 low to the October 26 top) and are now…youp (51)in #bitcoin • last yearWave 3 progressing, part IIWithin the larger wave 3, we have completed encircled wave i and are about to complete encircled wave ii. Looking…
