elliott77

Is the market preparing for a crash?If your in BTC and your afraid of heights, its probably not the best time to be in unless you can afford to loose the money IMO. I see a large diamond shaping up and next up on deck is a huge drop if this analysis comes to fruition. Be safe. Perhaps you all see something I don't so good luck.Comment: Here is the idea on the 4 hour...I never get dates right so please don't look at the dates but just the general idea. No one can predict the future. This is only an idea I see. Please do your own analysis and come to your own conclusions. Take careComment: Here is a bullish idea, assuming a diamond bottom is in play. Food for thought.Comment: BTC diamond top can go as high as 30k (I just adjusted the lines)...looks like the DOW for example can go a little higher and BTC will follow, but this weekend I suspect will be bloody, but we shall see.Comment: everything is slowing way down ...this weekend may not be bloody after allComment: Call me crazy but I still see this... I have several paths drawn because its BTC and who knows which path it will take. Am I counting on a black swan event for this? ...maybe. Take careComment: I am changing my targets...I think BTC may be super sensitive to the smallest DOW and other index moves ...here is my update. Call me crazy. Its just an idea folks. Take careComment: Will the US gov sell some BTC over the weekend? It seems BTC can make some big moves when the US market isn't in session either up or down. This idea obviously points down but its BTC..anything can happen and we will need to adjust accordingly. Good luckComment: This idea is running out of time...I'll give it a few more days (Wed at 8:30 should be telling). Take careComment: meh this idea seems to have lost its traction, but I'll keep it alive a bit longer...Comment:Comment: It can go higher...let's see.Comment: BTC seems to be struggling to push up higher...look at the OBV arrows I show below. Aug 21' - beginning of Nov 21'. There doesn't look like there will be a push up to me as today's chart looks similar. I think BTC tops out at around 31k at the peak in the next 1-2 weeks and honestly I still see a sharp fall down within the diamond pattern. This is a weekly chart so this will take time to transpire. This is an idea only so please don't take it as gospel or me trying to claim I know the future. Now I do think there could be a black swan event in here and that may sound a little crazy. Perhaps nuclear weapons related events ...who knows and I'm not claiming to. But if this happens the volume would drop sharply and the recovery time will significantly speed up IMO. Otherwise it may just take a lot of time to recover and there is a chance it won't too right? Anything is possible. Lastly, there is a chance that BTC keeps going up if the OBV spikes up from here. I doubt this scenario, but anything is possible. Take CareComment: Just watching and waiting for something to change...Comment: Let's look at the week again...its a little ironic its at the TD6 again...who knows but its interesting to me...take careComment: It looks like its out of gas...will be very interesting to see how this plays out over the next couple of weeks. Good luckComment: Feel free to laugh at this one...its just a thought. I'm not trying to predict the future. Its just an idea and wanted to share. Take careComment: If we go by TD sequential, BTC has been hitting the 9 when heading down recently so that's next Tues-Wed ...let's see. Have a good weekendComment: Next 10 days will tell us the direction. IMO big swings up and down, then very bloody. We shall see. Good luckComment: How it drops I do not claim to know...here is another idea. Good luckComment: BTC going parabolic or a great big dump is coming and distribution is at work...I mentioned many months ago that a lot of big money got in around this price and they want their money back so... we shall see. Good luckComment: Let me be clear about this ...big money is taking the general populations money right now and then they will short it hard so folks are stuck. Its the game they play so unless your familiar be careful OK. Take CareComment: This needs a couple weeks to transpire...just watching. Take Care