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Top TradingView Educator and full time educator of risk management strategies /technical analysis.
My trading strategy is based immensely on market psychology & EW.
I help people find certainty during uncertain times.
📲 Premium Membership: @ericology
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The latest Messages 151
2021-07-10 09:24:27
$NEWS
DEVELOPING
Legendary development from MicroStrategy, as they plan to start building deeper into their Bitcoin holdings by selling their own stock for $1 Billion to buy more Bitcoin.
MicroStrategy’s stock and investors are nearly 100% tied to Bitcoin’s success or failure.
Trade Safe.
X Force
391 viewsedited 06:24
2021-07-10 08:00:02
$NEWS
DEVELOPING
"Bitcoin is a miracle and better than gold," says Apple co-founder Wozniak. Incredible news from the side of institutional opinion.
As he is now on record, Apple co-founder Steve Wozniak has reportedly reiterated his positive stance on Bitcoin (BTC) despite not being a Bitcoin investor himself.
A vocal proponent of Bitcoin who once called it the “only digital gold,” Wozniak reportedly referred to Bitcoin as a “miracle of technology” and a “unique mathematical formula.."
“Gold is limited and you have to look for it. Bitcoin is the most amazing mathematical miracle. I do not invest in Bitcoin, but I believe it’s here to stay.”
This is not only bullish news, but the inevitable of Bitcoin going back into bullish territory forever as a store of value is set in stone.
Trade Safe.
X Force
https://cointelegraph.com/news/bitcoin-is-a-miracle-and-better-than-gold-says-apple-co-founder-wozniak
415 views05:00
2021-07-10 05:00:02
$BTC
A preposterous amount of stablecoin is currently on the sidelines according to the SSR indicator (Stablecoin Supply Ratio).
As prices continue to stay within the zone of the unknown, the breakout situation is inbound and inevitable. We are likely to have some major breakout either way, and XForceGlobal is going to be making sure you get the full-on macro updates.
Make sure to pin my channel to get the latest information.
Trade Safe.
X Force
392 views02:00
2021-07-10 04:36:01
$ETH
Jul 10, 2021
4H Update
ETH has completed the micro 5 wave correction that was followed by the immediate abc.
Technicals:
1) Shorter timeframe abc (purple count) looks completed after the 5 wave up (red count).
2) The c wave was constituted by a ①-⑤ count (in blue) for the ⓑ wave (purple).
3) Ⓒ wave can end anywhere near the price levels of $2,900 - 3,300 (.618 fib level as our ultimate target)
Invalidation should be around the $1940 range; however, hard to believe for now.
Trade Safe.
X Force
https://twitter.com/XForceGlobal/status/1413672483639627777?s=20
428 viewsedited 01:36
2021-07-09 18:05:25
$BTC
Jul 10, 2021
4H Update
Should see the definitive breakout within the next 9 hours when the 1D candle opens. Both scenarios are equally valid. If we break above the pennant, 1st scenario. If not, 2nd scenario to finish the micro TF 5th wave down. Good luck.
Two scenarios are still pending and we had that perfect bounce and now currently pending for the 4th wave completion, or a continuation for the 2nd scenario as suggested in the red:
Red = ⓐ ⓑ ⓒ is either completed, getting ready for the 3rd impulse up (wave iii in the red), or,
Blue = ⓐ ⓑ ⓒ is not completed and pending for the 5th wave down on the micro timeframe. We now have just reached the zone for the 4th wave for this scenario as shown in the blue. ⓒ will end near 27-28K.
We are currently being pressured by the pennant we broke down from yesterday (July 8-9) as shown by the dotted white lines. If we break back above, the 1st scenario is almost immediately confirmed unless a black swan event occurs.
Trade Safe.
X Force
https://twitter.com/XForceGlobal/status/1413514154581708804
536 viewsedited 15:05
2021-07-09 10:21:22
$NEWS
BREAKING NEWS
A new stablecoin is on the rise - Circle. This is a stable coin that is now backed officially by Goldman Sachs that can set a new ground for the adoption of cryptocurrencies in terms of institutional backing.
Backing does not mean support, it means that it’s entirely backed by a functional deal to have the funds secured by the institution itself.
Trade Safe.
X Force
367 viewsedited 07:21
2021-07-09 07:14:06
$ETH
July 9, 2021
Micro Timeframe Update
Scenario 2
There is the argument that the ⓐ ⓑ ⓒ is also already finished as shown here. If this is the case, we just continue up.
We are always making sure to adjust to the scenario in the most non bias way as possible. I will be updating the market frequently - so please make sure to pin my channel to the top.
Trade Safe.
X Forcehttps://twitter.com/XForceGlobal/status/1413348751058472961
65 viewsedited 04:14
2021-07-09 07:10:46
$ETH
July 9, 2021
Micro Timeframe Update
Scenario 1
I still think that we need an ⓐ ⓑ ⓒ correction to the upside. No major impulse on the opening candle today. I'm still making sure I to stick to my own plan. Until then, constant adjustment until invalidated.
This shows that the ⓐ ⓑ ⓒ still in the making, rather than it already being completed as we can see in the second scenario.https://twitter.com/XForceGlobal/status/1413348503045083139?s=20
75 viewsedited 04:10
2021-07-08 21:11:11
$EDUCATION
Back in 2020 of December, I have not only called for the bull market major top via the parabolic theory, but have also structured in the major bases via EW and fibs. We are now returning to the mean.
Enjoy & Press the play button in the article below! For premium, make sure to contact @ericology or via the premium button below.
Trade Safe.
X Force
https://twitter.com/XForceGlobal/status/1413192125366243337?s=20
290 views18:11
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