cryptokatana

cryptokatana

If the S&P closes below it's 50 WMA ($3000) on Friday, May 29th, we could be in for a LARGE correction down to the ~$1520 region. Why? So much confluence at that level: 1) Last two major recessions (2001 & 2008) had market tops in that range (High monthly candles for both recessions closed around $1520) 2) In each of those recessions, price fell below and the...

cryptokatana Updated 

At the moment, I'm short with a target at the green box, which has confluences galore: - golden pocket retrace of the move up from $6.4k to $10.5k - back test of channel that BTC broke out of on the move up - channel that had held since June 2019 - support of the uptrend line from $3k levels adding to this.. if inverse head and shoulders plays out (left...

cryptokatana

VERY similar setup on the 1W Heikin Ashi chart from mid 2018 bunch of red candles followed by green, red, and 3 more greens. MACD crossed to positive territory but not very bullishly in '18 just like it's doing now led to a large descending triangle that finally broke the vaunted $6k level back in the day if history were to repeat itself, we could expect BTC to...

cryptokatana Updated 

- Look for wave ii bounce to $9k before heading lower - Wave iii should get back to the ~$7400 region which was resistance before - Wave iv bounce back up to ~$8000 (which is resistance now) - Wave v destroys all bull hope as we head to $6000, potentially down to $5000 confluences: - this would get us a 78.6% retracement from the larger $3k - $14k move - this...

cryptokatana

Potential growth timeline for BTC based on previous 4-year cycles: Each cycle consists of: - ~150 weeks of uptrend, followed by ~50 weeks of downtrend - Uptrend decreased by 75% compared to previous uptrend - Downtrend tends to be about ~80% from uptrend's high - Uptrends tend to go parabolic once the 26 week MA has been reclaimed, which also seems to...