My X Constitution Going Forward:
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• Jesus Christ is my Lord & Savior. He will get proclaimed here from time to time. Don’t like it, oh well. He Still Loves YOU!
• Money is a tool used to live, not something to love & value above what truly matters. You
Regardless how this all shakes out, if you got through the last two days in $XRP & didn’t sell, you have my utmost respect
As someone who has traded for 2 decades, the last shakeout was 1 for the record books & will go down as one of the most intense I’ve ever had to buy into
🚨 A bearish thread, please do not read if your squeamish about an alternate perspective🚨
Regarding my sudden bearishness, I need to explain why.
Let’s break this down:
Legacy Markets
Evergrande
Commercial Paper
Tether
Confluence of indicators
The fallacy of cycle theory👇
Who’s ready to go!?
Sorry I deleted my CT, but none of you knew that my Dad passed unexpectedly. It’s been BAD! One day I’ll discuss it. For now just know, I’ve been hurtin’, & needed the time to regroup
I bury him Wednesday, so I’ll be silent until then. But, I am coming back!
While most screamed for 100K $BTC @ $69K. The RSI was the giveaway it was a double top (Fools top).
Smart💰faded the $65K top as we got a MONTHLY Bearish RSI/MA cross.
Most still won’t see that the bottom’s BEEN IN until we’re over $50K+ w/our current monthly BULL CROSS
$BTC
$XRP is going to $10
But we do have some resistance around $1.74
If that breaks, we will make new ATH’s
If we fail here, just be patient
It’s mere consolidation
One more for the road, before I’m offline for a bit.
$XRP is nearing an explosive move SOON!
Many other coins are in a similar set up. But prices are being squeezed into the apex of a multi month triangle, and once we break, expect the move to be LARGE!
$XRP 😎👇
Forget waiting for this afternoon, lol 😝
Here’s your TECHNICAL reason we rally then collapse.
Please note, I’ll share the economic/fundamental reasons in addition to the technical reasons in a later post.
First, what have we been screaming since the bottom?
For Months on
Serious question
Why do “Certain Whales” on CT have a quarter million followers, when that same influencer had been calling for a $BTC crash since $9K? And was short since that said point.
Be careful who you take advice from friends. Not hating on anyone, just warning
Its almost as though it was prophetic, as the $BTC Price has now fallen into our small white box we’ve discussed for weeks.
While no one ever knows “the news” that will drive price into the direction it wants to go, the charts showed the news before it was even announced.
As
$BTC hits a new all time high
When:
Q1-Q2 2024
Then:
Then it collapses. It ALL collapses…
The $10K-$12K folks can have their fun then…
Have a good weekend…
Guys if $LINK really does go to $1000, it will mean more to me than the money
$LINK is the sole reason I even started this twitter crap
I’ve grown to love you all, and regardless of the price, it’s been a hell of a ride
❤️ $LINK ❤️
When this run is over. I’m going to start a YouTube channel, & retire from my day job. I’m a people person, & I love those who’ve been here. I owe you something more than a chart. Let’s be patient for now, but soon.
PS—I will help us all to make some scratch on the way down 😉
Friends I hope you’re having a great start to your week! 😊
Today I wanted to post our weekly inverted $BTC chart.
I know I’ve posted many inverted charts, but I want to remind you where we’re heading.
Textbook Head & Shoulder Top, w/backtest to trend line.
Crash it! 🙃💥 🙃
Let me make this ABUNDANTLY CLEAR
CRYPTO, specifically $BTC, MAKES A NEW ALL TIME THIS YEAR.
After this year, ALL RISK ASSETS COLLAPSE. Period
I don’t know if that is clear enough, but I tried
$XRP
$LTC
$BCH
$DASH
$ZEC
$XLM
$EOS
The above coins have NOT made their ATH’s ($LTC tagged it). Quit chasing crap that’s up 1000’s of percent and risk losing BIG, and understand to make money you BUY LOW, SELL HIGH
Focus, HODL, and profit
$BTC Monthly close analysis 🧐
Two items to discuss:
1) Vortex Indicator, &
2) MACD
Tonight I’m leaving them the SAME Color to illustrate a point.
For the Vortex Indicator
👇
Red (Bear) line on top = Sell
Blue (Bull) line on top = Buy
We got a Blue (Bull) line cross.
As
My name is Josh (or, Joshua if you please)
I’m actually a nice guy, & helluva a chartist.
I work in an Industry I don’t like.
I have 6 Kids.
I play piano. 🎹
I play guitar. 🎸
I play drums. 🪘
Happy to be here. Happy to help 1.
I want to thank you for the follow!
🙏
$BTC MONTHLY MACD Update
While it might be only barely visible, we have a MACD Bull Cross.
I will redraw this same chart again upon todays Monthly close.
We will get the official monthly MACD print in less than 6 hours.
Tick tock… ⌛️
‼️ AND REMEMBER: KEEP IT SIMPLE! ‼️
$BTC Weekly Close Analysis 🧐
*Candle Grade = A-
*(it was an A- only because of the slight upper wick, otherwise it would have been a solid “A”)
So, let’s break it down a bit more, shall we?
While we closed over our key level of $30,348, we are overbought on the DAILY
When I called the $28.8K to the exact PENNY. People called me out.
Now that we are here at this moment, I DARE you to call me out!
Either we bottomed or we wick to $37.3K. Either way, I am telling you the bottom is in!
If I’m wrong, and I’m not, you can troll me all you want
$BTC WEEKLY CLOSE ANALYSIS 🧐
This week candle was a spinning top doji, which is a candle that indicates indecision.
What’s quite remarkable though is that the past three weekly closes have closed within $400 of each other! Talk about boring and flat price action!
The good
Few understand what is about to transpire with $Alts (especially laggards). But to those who are ready, brace yourself for the G force!
Have a Wonderful weekend Friends! 😎
When the crypto Bull turns Bear, & Homer comes down, I’ll probably still stick around. While I hate social media, I know I can still help many w/other markets to trade & share how to make money on the way down. And boy, can you! I’ll also want to stay to shine a light on evil!
🚨This is My last tweet 🚨
The Bible isn’t some fairy tale you might think by it is. It is the unadulterated WORD of God
I don’t care what I post about charts
(Although they are completely right!)
I care about your SOUL.
Get right w/Him, 🙏
It’s been real
Many thanks 🙏
The bottom is almost in friend, if for some reason we lost the Weekly 50EMA, I don’t believe we drop below $46.5K (Key Fib)
I am working overtime here for you all, including myself.
I understand how important this is to you and me both
We win! 💪
$BTC will clear $100K within 9 months
$SPX will clear 6000 within 9 months
Cash will be considered trash w/in 9 mo.
Then, move to cash 💰
When it all goes, it ALL GOES!
Both to the upside and to the downside
I give it away
You should do the same
I was thinking about opening a discord for traders for $9.99/monthly
Then I realized I have as much💰 as I need. But what I don’t have is some true followers & friends
I chart, & I charge an unbelievable, & consistent rate of $0.00 a day
You wanna criticize me, say it to my🤚
Just a heads up, going private doesn’t mean your not coming along.
It simply gives me greater control over who can’t come in.
Just know that if I do, 99% of you will be in. 😊
Probability of $28.2K being hit = 80%
Probability of $27.8K being hit = 60%
Probability of $25.5K being hit = 50%
Probability of $24K being hit = 20%
Probability of ATH in 2023 = 99%
The $BTC liquidity grab is now underway, grab your shopping list friend! 🛒
$BTC Weekly
👇
So friends, we have to chat 💬
It has been a wonderful week with you all. And happy it has been a week where I could be more available at such a critical juncture in markets.
That said, next week I start my new gig.
This time I am going Independent!
It’s a bit of an
I believe $LTC goes north of $1K
I believe $XRP hits $8+
I believe $BCH hits $4K minimum
I believe $DASH hits $2K
Just a few I believe will do what I SAY
I don’t care if you like or loathe $XRP, but as a crypto community you best all be pulling for $XRP.
High Time to drop the tribalism and unite as a crypto family! 💪
I rarely talk about my wealth,
Well today I need to
I am worth a lot of money…
Does it make me better than anyone else? Absolutely NOT!!!
I am just SCREAMING at you to hang with me. I am 99% sure we have a new ATH. If, for some reason, I change my mind, I’ll let you know. K?
Its my HUMBLE opinion that the $BTC correction is over.
Why?
Stochastic has bottomed (see ⭕️)
Add to that we’re close to a bullish curl.
Lastly, we tested, with pinpoint precision the 50SMA & HELD! 💪
(Blue line, black arrow)
Have a lovely Sunday you beautiful people! 😊
$XRP
Love it or hate it, something BIG is going to happen with $XRP before November.
One of the longest running triangles in the crypto market is approaching a date with destiny @ its apex. That apex happens to end in November (white line).
If the MACD can to turn up, Boom💥
Some $Alts will make new ATH’s
Some won’t…
Take a Fib and drag it over your favorite coins, sell if they stall at the .5, .618, or .786 Fibonacci level.
I hope this level headed logic resonates.
$BTC WEEKLY CLOSING ANALYSIS 🧐
This is the week Bulls definitively took control! 😎
♦️$31.8K snapped like a twig, and has now become support from a technical standpoint
♦️Weekly RSI > 70 = Bullish strength (top ⭕️)
♦️The weekly price channel, that many bears thought would
$BTC MONTHLY
Just for Fun!!!
What if what we have just formed, is simply the LARGEST BITCOIN BULL FLAG in History?!
Hmm...
PS--I am logging off now. Have a GREAT WEEKEND!!!
Check out my
#BTCUSD
analysis on
@TradingView
:
Remember, $BTC has completed a Grand Elliot Wave cycle from its inception to 2021. What people define as 4-year cycles & lengthening cycles are coincidental at best
Below is the chart that should be pinned to your own computer as it focuses on the BIG PICTURE.
To those who are new, I’m the RVP for the largest Broker/Dealer in the US. I’ve been trading for over 20 years. I’ve brought in over $3B is total assets to the firm I serve. I’ll never speak of this again as it has to many “I’s”. Just letting you know I know what I’m doing 😉
$BTC Bat Gartley Harmonic
Few understand Gartley harmonic patterns, but this one is a short term bearish, longer term bullish set up for $BTC.
Best part about this setup, it would wrong foot most.
Hence, why I like it!
Remember, Mr. Market doesn’t like for most to win. 😉