Hello traders and enthusiasts ! I am "The Real Johny Button", legendary trader from wall street and Goldmans Sack here to express my opinion today ! Lets dive into the scenarios lining up for BTC:
I dont usually publish anything for BTC but the top publishers shity predictions are to much to read... someone needs to help people trying to learn. I ONLY follow 1 guy on here @goldbug1 as he is LEGIT a proper trader, and he is a great publisher
.... So (from my ada post today) this sums up the market:
''Well it has been nice to be shooting some elephants recently. Everyone I hope got some of that last run a month ago, and made more profit on investment than any financial firm could offer over a 5 yr period.
So we could be in the correction period. I always look at the chart for the entire market cap to see overall what the hell is going on. On that chart we formed a low bowl shape (CUP) and have come up in 3 waves to complete this pattern...Next would be the Handle if chart patterns exist, and we correct a little.''
Now to study BTC we need to look at a large chart (thats how it analysis starts). I am watching for a reversal at this point to line up a trade, and an elephant at that.
The 1day chart shows us what the population has been behaving like this year. MACD has recently gone up...it made 3 pumps in its up move if you look hard, and now crossing over...thats a reversal sign.
RSI is sitting pretty, but could say hit a tiny dbl top on the last up move in the chart last month, i would call anyway a lower move from here anyway.
The chart now has made 3 moves up in that last month run, from the low support to the possible top resistance, making a consolidation. That was an attempt at an 12345 Elliott wave, with the 3rd wave up (wave 5) running outta steam!... is it a reversal!... DO I SPOT AN ELEPHANT!!
So we could have a reversal, which falls the chart back down into the consolidation wedge created this year...if this is all comes tgether i think it will be our last move down in that consolidation before we fly home in the second half of this year 2018 !...because I know 3 is a magic number, and this would make it the 3rd time down there.
So how low will we go IF this is the case. Here are the scenarios shown on the visual above: SCENARIO 1; we go bull style now, blow this shit apart and order the hookers...well i wont be involved in this party because that is not where i will have my buy orders. To sudden, to crazy, it would have dirty manipulation all over it, and profit projections would be a nightmare. SCENARIO 2; we pull back, hit a correction level of 38% on our fib levels pulled over last months up run, and are set to shoot an elephant...ready to go up, break 10K, break consolidation, and land on the MOON SCENARIO 3; we correct way back, tag the lower support, and CHIC CHIC BOOM! Nice profit here, emptying out my crypto kitty bank, fully LOCK STOCK AND LOADED. Next stop MARS
Thats it guys, thats how you should start your study before reading the other fools on here and buying into their shit. USE BIG CHARTS. Dont get FOMO, if you miss because the market didnt play the game properly, than so be it. These buy moves happen in crypto every 2 months...1 month pumping, 1 month dumping.
Regards, Johny Button
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NOTE: i cross analyse all my study across all majors. You want to know when money is entering the crypto market and when it is going out.
This in general moves together up and down....the market doesn't lose 50b dollars, and all coins still pump...that would be not worth the gamble even if one did pump, it is for a specific reason if it did not because of a H&S, or a Cup & Handle
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Someone asked me if I hold in these down times in USD... Tether.
The sad answer is yes even though it has a sketchy reputation. I even agree with the reputation, and see exactly what ppl are saying... But it is simply needed to pull this all off. How else would I be able to sit aside and watch, picking my entry time.
I won't get into this, but thats what I use... Hence why I like Binance listing more pairs against usdt, it must be across the board. Just wish they would hurry up a xmr pairing!
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We have confirmed a drop into the correction area...how far?....i dont know i like to use scenarios with a exit level if it keeps going the other way i want so i can close out and play again another day.
It could hit 2k-3k according to a wise member in the first row, lets keep an eye on it. For now i am just calling levels...and i am calling the next step in the spiral to be at that 61.8% level in pink when i am zooming into the 4hr
Time will tell...time to have a beer i think
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Market cap is under 400b, my actual target is under 330b-280b... but thats good as it is now for this to now make a good pull back across the entire market.
Apparently my grammar is good not...the goldmans sack is a touchy area for some, they might make his coffee or something...sorry to all ppl in the sacks mail room.
Look at the 1 year timeframe (easy to see whats been going on in patterns)...i just cant help seeing a nice movement in the entire market.
Now that could be 2 patterns that could make an upward move later...a H&S formation if this hits the potential left shoulder / or a cup and handle...this market as a whole could even make them both very easy, which is actually the likely scenario if this all goes to plan...or it could fail, never count that out. Always use protection people!
wrong. true d4rkenergy poop botje and many top authors here are amatuers and clearly they are wrong like 95% of the time. however, you are also wrong.
mark my words. BTC hasn’t hit a bottom, nowhere near it in fact. It will nosedive all the way down to 2k-3k area. in market cycle in terms of psychological perspective, capitualation must take place in order for the market to fresh start. we haven’t seen that, hence you are wrong 100%.
johny_button
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@leorio, ohhh kkkk, we will call it 100% wrong if it happens...until than you are 50% wrong
Alkyona_
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Idiot, with your grammar no one would take you to Goldman Sachs, you even cant write it right : "... Goldmans Sack..."
johny_button
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@AlekseiLukashevich, O..... M.... G
Metaball
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Joint the words "theter, SEC, Binance" and you will see the next deep winter on Criptos and leorio's 2k-3k. Somebody is going to be shot and it is not going to be an elephant......I prefer to trade and kraken ( real usd and euros..... I hope....).
Anyway I want to tell you something, my suspicious that there are millions of fake bitcoins tokens in the exchanges thanks to tokenitations of criptos inside the exchanges. We don't trade on real Bitcoins intead of fake and unreal Bitcoins. It is the same in the others criptos. Have you seen how you suddently start to trade in for example ADA when a new market-exchange are open. It is not logical, you start from less volumen to more. How this exchanges get such of k. of numbers of coins? sudently.....
An idea, big drop on price and sudently everybody run onto the real Bitcoins out of the exchanges , ..... explosions on the price of Bitcoins
A last cripto-winter is going to happen. Be care.
Thanks johny_button, love your TA and thoughts
johny_button
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@Metaball, interesting thoughts Metaball. We are swimming with wild whales, and there are no rules in this pool...it could be an ocean in the future or a puddle...BUT! time will tell a wicked story about these days we are playing inn
Snacks
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While I appreciate anyone with the gift of understanding the market, where you loose credibility with me is slamming others while pumping yourself. I have been following several authors on TV for the past 9 months and I can tell you that Botje11 is the real McCoy..with very good profitable TA's. Botje11 has the good reputation that he does because he earned it....Just saying maybe you should "button it up" and earn your way up. With that said, I appreciate the time and effort you make in posting TA's....I look forward to hearing where you think the market is headed.
johny_button
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@Snacks, I just seen him for the first time, a post showed up on my feed about btc h&s. I have never seen a more wishful h&s in my life by a "top author"... He made the list in my eyes
johny_button
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@Snacks, that is where it's heading... Down, than up. How far down, we use scenarios. You can dollar cost average on these levels so you want cheese in the sandwich... if your trading.
leorio
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@Snacks, i do exaclty the opposite as to whatever botje has to say and i make tons and tons of profits ;)
mark my words. BTC hasn’t hit a bottom, nowhere near it in fact. It will nosedive all the way down to 2k-3k area. in market cycle in terms of psychological perspective, capitualation must take place in order for the market to fresh start. we haven’t seen that, hence you are wrong 100%.