Bearish 5 Drives as megastructure. on the downtrending leg, we have our supposed reversal presenting as a Bullish 5 drives. If this all happens near textbook expected then we should retrace to around 7400, which will be our 6/1/18 launch pad for our next mini lunar mission.
Jokes aside, should be interesting to see what happens. Not going to lie, the mega Bearish 5 Drives patter has me a bit leery as to whether or not this will be a lunar mission and actually a deeper descent.
Excited to see how it plays out. :)
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ahh forgot to put the bearish scenario of the greater bearish 5 drives pattern.
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allllright, let's go
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Just to add the trend lines for the wedge we're forming. If this plays out as a Bearish 5-drives then we would be rejected off the upper wedge/resistance.
Of course, there's the significance of things reversing bullish/bearishness according to the 6th of each month. But I'm reading and trading off of what harmonics are presented.
our support is 7550, please learn support levels before being a bear troll.
TreeTruffle
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@sputnikent, I wouldn't say that I'm being a bear troll. I'm just reading and interpreting harmonics as they play out. I originally thought we were in a Crab harmonic that would bring us to 6900ish. We had a reversal at ~7100 and the bullish crab is turning into a Bearish 5 Drives. If we break through 8500 then I'm open to re-interpreting bitcoin but unfortunately I'm a bit bearish in the medium term. Bullish on short term ;)
sputnikent
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@TreeTruffle, do you even understand what you are saying? midterm? short term? bitcoin is still in it's short term life cycle. stock markets are barely out of the baby markets, you seriously need to look into FA and BA bud.
TreeTruffle
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@sputnikent, 1st off, I understand if you're upset about something unrelated to this post and are triggered by my bearish harmonic. Secondly, you know I'm looking at harmonic patterns here, right? If you have no experience with harmonics in the markets in general then your opinion doesn't carry much weight with me in what I'm focusing on gaining more experience with.
TreeTruffle
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@sputnikent, Lastly, show me some TA. No one has time for an ego with nothing to show behind it.
sputnikent
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@TreeTruffle, you understand that you cannot look at TA when it comes to crypto atm, hence the importance of BA and FA, if you do not understand that, you will fail at crypto 99% of the time. I am not upset, I made enough money in crypto that I would not have to work for the next 1,0000 years so please come again. You made no comment about FA and BA which indicates you are just drawing pictures with crayons but keep being salty though while we laugh :)
TreeTruffle
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@sputnikent, ok, well let's see how things pan out.
NewYork888
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@TreeTruffle, This fellow goes around knocking EVERY short call he can find that have been 100% correct such as yours and he's left some very nasty comments on our posts as well. Your call here was 100% correct.
TreeTruffle
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@london55555, thanks! appreciate it. I'm still learning, still believe we're going down in that direction. Don't get me wrong, I used to be hyper-perma bullish... but there are greater forces moving the market and ya just gotta reading them as they play out.