He do good videos, but i think he is weary bull, and when he go pure bear i go bull 
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I honestly donāt know where to beginā¦
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TAās basic foundation is support and resistance linesā¦you donāt seem to use them or factor them at all. Your charts appear to be nothing more than trying to predict the future market based on past market behavior (Iāll tell you why thatās dangerous further down)ā¦and again, the previous ATH is NOT 1221. Itās 3000. Youāve said the previous ATH was 1221 twice now and that is 100% false.
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My sloping lines are based on actual confirmed support and resistance lines based on actual TA rules, the fact you donāt recognize that and asked where they came from re-enforces point 1.
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You are not using any of the indicators correctly. Your Elliot waves appear to be randomly placed using wicks (which is not advised) and your Fibonacci placements seemed to be placed to predict the future instead of using it to predict a retracement which is a flat wrong way to use it. The green and blue corridor screen shotsā¦well, they are pretty but it assumes weāll stay in that corridor, which we most likely will not. If that corridor was a constant from which to predict the future over a long period of time, the 2014 market should have dropped A LOT more to stay in the same corridor of the pre-2014 market. You have to account for tiered growth and those screen shots simply donāt. FYI, there is an EMA ribbon you can use instead of having each one up individually, but I understand that could be a personal preference you like.
With all that said, your TA seems to be based on comparing market cycles. Itās very dangerous to do that and expect the same results. Just because you donāt see a trend reversal doesnāt mean it wonāt happen at any moment. If people could predict reversals, weād never have a cycle in the first place, but I digress. The movements of 2014 and 2018 may be generally similar in nature, but they are still unique market cycles with some key differences;
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A LOT more people are involved now than in 2014 (more people bring more stability which we will realize when this market is in the trillions of dollars)
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Institutions and institutional platforms are about to be launched (Bakkt, Fidelity, ErisX (Nasdaq), ETFs, etc)
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Governments are taking crypto seriously now and actively looking to regulate (this will remove fear from a lot of people and allow them to get in without worry)
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Media coverage has never been higher from large scale productions like CNBC to growing article platforms to countless youtubers these daysā¦crypto is coming out of the shadow of whispers and into the lime light which is only a good thing.
Real TA is about knowing how to place lines and use indicators correctly on actual data to try and form an educated opinion on where the market might go. Iām not going to claim to be an expert, but I know when Iām using tools incorrectly. From what Iām seeing, you are using the tools to fit a narrative of where you think we will go instead of using them on where we have been. Thatās not TA, thatās just guessing and doing it backwards. But ultimately, TA canāt predict anything at all. It can never account for volume, which can happen at any given moment and blow the charts up. Anything can happen and what typically happens is the exact opposite of what the masses think will happen.
Iāll end with this and will stop this line of conversation as it is way off topic. The most important part of TA is not technical at all. It is having situational awareness, understanding whatās actually happening in the world and taking those factors into account. For instance, you show a massive drop on one of your randomly placed Elliot diagrams with āBakt and Fidelity?!?ā label right before your drop. Do you honestly believe that when those go live we are going to drop? Thatās a serious question because those two platforms alone open the door to enough money to blow past our ATHs without blinking. It just doesnāt make sense.
Hopefully Iāve made sense in some way. If not, you can keep posting your charts and Iāll just start ignoring them. Itās not personal, I have nothing against you. But your charts do not follow any TA methodology what so ever and should not be considered as such. But, they are pretty in both color and confusion 
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Yes, I like Karl. He does some good TA. Iāve learned quite a bit watching him over the last 6 months or so
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Last post for me before I head off to bed for the night.
It appears we are seeing a bounce toward 4k as I expected and indicated on my post above at ETN Technical Analysis Society after an attempted bearish push through 3 major lines of support.
With any luck weāll hit 4k and rise above itā¦but considering the time frames this is happening I seriously doubt it and expect a retracement once we get near or at the descending resistance line in the 4k region and weāll assess at that point. I really donāt want to be correct from my post aboveā¦
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I think we are bound for a rise, very soon.
We will bounce from here.
Also i see Btc in the range 4200 area for weekend.
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The bounce was short lived and I see why. I turned the EMA ribbon on and you can see why it came up short. The ribbon has forced a more aggressive confirmed short term downtrend line which is coming to meeting point with the strong support. One of them is going to have to give way very soon. Weāll either bounce through the ribbon resistance or we are falling to possibly test the 3240 support.
My bet is we fall as that is the current trend. But the low RSI gives me hope that it could break upā¦
If you like to gamble, place your bets!
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168 tonight, morningā¦ then rising 19X friday.
If news? 220?
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I love your optimismā¦but there is no reason to believe a rise will come on Friday (at least for BTC). If we do get news, it will have to be big to reverse the trend. I personally do not believe we will see a trend reversal until next month when Bakkt and Fidelity start futures trading. We could see a bump in the last few days of this month as companies (particularly in the US) put their money into crypto to side step tax obligations for the 2018 tax yearā¦but I would not bet on it. We are definitely in a bear market that seems to be coming to a close. Itās a matter of seeing if we have a grand finale drop before the reversal. No one can say for sure. Right now everyone is guessing.
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Well resonated. But listen now. Btc 4200 in weekendā¦
Do i smell a bet?
I can bet on above 4050$
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LOL, no. I do my betting with fiat to crypto conversions. Iām not saying you are wrong. You could be rightā¦and I hope you are. Iām not here to tell anyone what will happen. Iām just pointing out the trends and what could happen. It doesnāt matter to me, Iām pretty much already all in on fiat that Iām willing to lose. I know we are going up long term and that is all I care about. Iām just playing the waiting game now.
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Hehe, okay, just talking a 100etn funbet
. Its HexeTA
Update on ETN TA, we are SEVERLY oversold on the 4 hour chart after breaking down from the 202 range. I have zoomed out to the daily where we have also entered the oversold territory as well. This is not financial advice, but if I had more fiat Iād be buying right now. Itās always possible to go down further, especially with BTC doing what it is doing. But from a pure ETN analysis without any outside consideration, we are at a very nice sat price right now.
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BTC update:
I watched Karlās latest video (The Moon) and he pointed out a possible falling wedge pattern that I had not noticed myself (the white lines). Falling wedge patterns are very bullish, but time will tell if it pans out. We are in very dangerous territory right now under 3600 (on Coinbase) where we do not have a lot of support, BUT the RSI is very low so a bounce of some kind would not be surprising.
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Just a very simple take on ETNās current price. To me, it still looks very similar to the price action in September. We shall see!
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Yes it doesā¦and I did convert some BTC to ETN at 182 sats. We are WAY oversold. The only difference with the prvious price action and this one is the catalyst that propelled us up. We need that catalyst to repeat the previous moonshot. Tomorrow is Friday, so maybe we hear somethingā¦but I wonāt hold my breath. We havenāt heard from Richard in nearly a month so I can only assume heās working on the very things he will announce in the not so distant future.
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okay, I have never seen this before. A stoch RSI at 0. Yes folks, zero. LOL! The only reason to sell now is pure panic because I honestly donāt know if that has ever happened on a coin that wasnāt actually deadā¦
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Howās your btc chart looking?
Have a look at this!
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look 5 posts up from ~40 minutes ago. Itās still the same as that with exception that we have retraced up a little, holding true to the falling wedge pattern
@KarEnTam I like Dan a lot. Iāve learned a lot from him as well. He does great analysis without bias of being bullish or bearish. He is very fair and shows great points of entry in the event certain things happen. Awesome youtuber
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Just bought 180K ETN with the BTC Iāve gotten from selling 151K two weeks ago. Almost 30K for free, I like it
