Short

Bitcoin retrace to $35k then $15k once Apex of Triangle breaks

Updated

Based on 2 series of elliott waves I've calculated. I have listed the Daily and the Weekly. We are currently selling down on the C wave of the Daily Elliott Wave. There is a hidden Bearish cypher pattern, that initially bounced off of B leg, but we are showing a Triangle and its holding. The failed breakout will result in a retrace back below B leg and break $50, which leads us to my 1st target of 35k,,,

More updates will follow once we retrace to the 35k level

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2 Bearish Cypher Patterns Bitcoin selling off C wave to $35k tgt

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another c wave sell off, this is the right side of the bearish cypher pattern...

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I like to trade between multiple time frames, after viewing the long term trend. I also trade heavily off the money flow, and Accumulation/Distribution. I trust nothing but the MONEY. The rest is noise imho....

I also measure the money flow w/ fibs, and looking back on smaller time frames to confirm the larger trend.

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And I always focus on Triangles and make sure I look for the APEX OF THE TRIANGLE

THESE ARE INFLECTIONS POINTS, and the trend tends to more so heavily favor the CURRENT trend of the Apex

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apex breached on 30min time frame

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The Short position was close, I will revisit the 3rd wave around 69k

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Trade closed manually

possible

bitcoin code crack w/ wave theory cup/handle pattern forming

Trade closed manually

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back on the short position

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possible

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the picture gets more clearer

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4th wave up on the elliot wave, now basing

moneyflow_trader

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