CryptoWhisky
1.4K posts


$IBIT AI Forecast update
So we didn't go lower finally but we got a double bottom, and the timing was close.
Now the AI forecast is more bullish than the previous run, and we can see a kind of inverted H&S forming, interesting.
$BTC #bitcoin

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AI engine sees a local bottom (maybe THE bottom ?) for $IBIT around mi-April, back to 35$.
$BTC #bitcoin

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@Shepdog69138782 Hi, I based the beginning of the fractal on the 10x ATR extension from the 50 DMA (yellow dot) but yes visually Nov. 99 looks more similar.
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@Crypto_Whisky Look where it started from. November 1999 is the better comp IMO.
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@CarpeNoctom Who's right?
x.com/mcclellanosc/s…
Tom McClellan@McClellanOsc
In addition to the compound fulcrum structure in Bitcoin, the non-commercial futures traders (who are the smart money in Bitcoin futures) keep adding to their net longs even as prices chop sideways. This is a big bottoming indication for prices.
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"Why should I have the touch in Hong Kong, Calcutta, Saigon and Stockholm, and lose it when I was within half a mile of Wall Street? What was the difference? There was no easy solution to the problem and for a long time I was baffled. Then one day, as I sat in the Plaza Hotel afraid to make a telephone call, I suddenly realized something. When I was abroad, I visited no board rooms, talked to no one, received no telephone calls, watched no ticker. The solution was whispering to me but at first I could not credit it. It was so surprising, so simple and yet so extraordinary that I could hardly believe it. It was: My ears were my enemy. It dawned on me like a revelation that when I was traveling abroad I had been able to assess the market, or rather the few stocks in which I was interested, calmly, neutrally, without interruption or rumor, completely without emotion and ego. I had operated simply on the basis of my daily telegram, which gave me my perspective. It showed me the way my stocks were behaving. There were no other influences, because I did not see or hear anything else. In New York it was nothing like that. There were interruptions, rumors, panics, contradictory information, all floating into my ear. As a result of this my emotions became involved with the stocks — and the cold, clinical approach had gone." - Nicholas Darvas, How I Made $2 Million In The Stock Market
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