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#100k

Point Of No Return!Alright people, are you ready to meet my bull face? I never actually removed my laser eyes anyways :))) There's a bull inside of every bear and vice versa! Let's start with, the bad news: Redistribution is invalidated, no more 20k in the horizon. The rally from 30k has set the end of redistribution scenario which has always been the possibility and this also means the whole time we were in accumulation, just like i first started the analysis of this series. Look at my very first wyckoff accumulation analysis: I didn't even know about redistribution back then and even called this incorrectly as reaccumulation, see how far we come :) Good news is that the structure is now much clear. Especially by the help of my infamous indicator TOTT, which has printed the first buy signal since selling on April 24th. I trust it, because i have been backtesting it for 6 months, maybe more. This is the wake up call for me and I'm pretty confident that we are going up soon. (Last words LOL :) The primary accumulation is ended with the streak leg up and now, we are in a smaller reaccumulation which will take us to the demand side of the newly forming uptrend channel. It will take us till late August to break above 40k and start a new leg up all the way to 60k levels and another reaccumulation to resume the trend towards 80k where the distribution starts playing with the preliminary supply event up until 100k. Let's look at the p&f chart for the accumulation count and price objective Copy this Open4Profit! (The guy who copied my previous p&f analysis and presented as his own. Glad that idea went bust :) To sum up, we are going to 100k in 4 easy steps: Step 1 / 35-41k Reaccumulation / 41-59k Markup Step 2 / 59-65k Reaccumulation / 65-77k Markup Step 3 / 77-83k Reaccumulation / 83-89k Final Markup Step 4 / 89-100k Distribution & Blow Off Top And then you'll have a very big problem on how to spend your money till the next bull cycle :))) It's ofcourse too early to set the boundaries of channel as it has yet to make the down move, but this is the opportunity right now for us to buy the last point of support. THIS WILL BE THE POINT OF NO RETURN! My target entry points are split between these support levels with different asset allocation. 37.300 - Monthly support (May Close) 36.500 - Bottom support of new trading range 35.800 - Additional step between spring and support 35.200 - if a spring type action occurs I see sub 35k highly gone forever Laura. Starts are aligned, limit orders are set, waiting to get filled. If, we don't go down to these levels, i'll buy the breakout anyway. My previous target, the breakout above 41.330 is still valid, BUT if it happens today or too soon before going down first, it would most probably be a trap to shakeout the weak hands. So, if you already bought here, you need to hold on tight and move your stop loss lower around 30k if you don't want to get liquidated. If you want to buy the breakout, wait until this consolidation ends, in the meantime enjoy lower prices whenever you can. That's what i will be doing. I wish we went down further and took the chance, but this bull cycle seems to be a double top scenario like 2013. So here you are, going to the moon :) Best.
Long
by BitcoinMillio18
115
#BTC lets see if this worksFinally, we broke out of the triangle!!! we caught the bottom perfectly in the channel!!! also caught the #ETH move as well!!! #BTC - #ETH - gonna hold both 50% sizes for the moon!!!! alright so fresh update, I mentioned a new setup for #BTC yesterday & I said if we broke out of 36k it will be invalid now charted fresh on daily charts & triangle breakout looks extremely solid, one of the best part about this move IMHO is that it happened on WEEKDAY, not the weekend, however usually if we start week green we start to turn red by the end of it, let's see what we get this week, for now, this are 2 setups I am looking at ( I don't have short & long orders placed yet, this are just my interested levels I wish to enter in position) ( I will check LTF price action then will enter) 1st is the Short - s3.tradingview.com 2nd is the Long - s3.tradingview.com now my entry is way too low for the long, & one more test of the support??? yeah that will be the 5th touch & that 30k support is now super weak so it's possible that well we just breakdown for my max pain scenario whatever happens, the goal is to catch % move as we are trading on leverage, whether it's 30k or 60k all you should care about is catching 10% move :) will update this idea as we start forming some new candles moving forward, we don't know IF the local top is in yet so will update fibs as well have an awesome week ahead people!! Keep #Hustling!!!!
FTX:BTCPERP
by Bromadic
Choose your Destiny Bitcoin is at a crossroad, but which path will it take? This will depend on you. Which will we see first, 10k? Or 100k? I know I know, we want 10k so we can enter with minuscule risk and 10x our bags when we cross 100k, but that would be too easy.zzzz. Or would it? Would you buy a bloody Bitcoin that just crashed 50% from 32k to 16k? Easy yes you say? 50% discount easy to buy you say? Then I suppose you would jump at the opportunity to buy a bloody Bitcoin that just crashed 50% from 64k to 32k? I suppose you already have. Gold path is Wyckoff accumulation pattern, which seems is being followed pretty picturesque for now. green extended time frame, blue is most bearish sideways possibility All paths lead to the same outcome, which is Bitcoin souring beyond 100k, only question is when. We seem to have finished wave 5 down of the bearish impulse from 64k, but could still be in for an extended 5 (in blue on the chart) It seems unlikely that we will go lower as this area has held for two months now with all the short pressure, but it’s possible we see an extended 5 wave down as far as 18k, I was looking at the 12k area a few months ago, but 30k, and especially under, has been bought aggressively so I’m leaning cautiously bullish towards 55k before a pullback that would likely bottom around 43k, which will have become our new support once we cross that magic number again. Choose your destiny Let me know in the comments; which path will you choose? Professional entertainer, private investment management. DYOR, NFA. (If you don't know what those acronyms stand for, refer to the first acronym) -Dharma Cat Pro
COINBASE:BTCUSD
by DharmaCat_Pro