ETHEREUM - SHORT TERM SCENARIO + RANGE PROPOSALEthereum bounced nicely while eth/btc retested downward line of one-year channel which was broke down in May.
Everything points out that we are going towards huge resistance at 1740 usd.
I would rather see retest of 1424 usd area which is very imo very important.
If we success then imo we will tap prices at range high of our huge accumulation range.
I still think its a rilief rally and we will go lower.
Area of 1240 usd seems to be tapped as nice mid range area so our bottom should be around 750 usd.
1-XBTUSD
btc 7-18 update ~good morning my peoples o/
first off, i'd just like to say,
if you caught that long - you da man.
secondly, i moved 100% to cash about 2 hours ago.
thirdly, my upside target was hit from last nights post:
check it out if you haven't:
(if you watched my video update yesterday, you knew about this short squeeze, and you knew exactly how high it was going to go).
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let's talk about the data.
as of me writing this, there was a massive long position opened near the absolute top of this move,
you know how it goes.
fomoers fomo,
then get liquidated -> creating a downward spiral.
- open interest is sky rocketing into this push up (bearish).
- got these 8H dots showing up, signaling significant bearish divergence behind the scenes;
here was the last few times this signal has appeared.
you can be the judge of this picture:
- daily hidden bearish divergence, which is quite prevalent as of now.
it can get over exaggerated, as price pushes into the extremes.
invalidation of the hidden bear sits at 32k - that is also the level of my bearish invalidation.
- we are approaching the daily ichimoku cloud, which has posed as significant resistance in the past.
- most of the shorts have been liquidated, but there are a few stragglers remaining.
- risk is to the downside for mm, but they could prolong this bull trap awhile longer to get as much liquidity as possible on the way down.
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overall, my bias has shifted as of this moment - i do wholeheartedly believe we will see new lows.
the move down will be far more aggressive than the last one, and it's going to come unexpectedly - like a category 5 hurricane.
july 28~30th is the only window you need to know about
that is when the market theoretically will pivot, and can take everything from everyone who does not know.
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ps. this move can easily get over-extended to around 25~26k - that would be the absolute extreme.
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shared on 7-11 (same upside target for now)
btc 7-17 (alternative path)good afternoon, this is the alternative path.
as of this morning, btc has entered into another quartervois - creating a second potential trajectory.
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if this general area up here is held as support, it could be categorized as a flat.
if the flat maintains structure, we could see a short squeeze, as there was quite a bit of shorts opened over night.
could squeeze all the way up to 23k before pivoting down into the anticipated x-wave.
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primary scenario:
IF EINSTEIN WAS A TRADER: BITCOIN MAP THROUGH TO 2032Sorry bros, as crypto becomes mainstream each cycle is elongated.
Good news: Bitcoin is back at $30k by the end of this year.
(you sell here if you need to)
Bad news: It will keep coming back to $20k and crab 2024 to 2026.
(take a holiday)
More bad news: After the crab Bitcoin will "die" and dip under $10k.
(holidays over m8, you're going all in)
Good news: From 2026 to 2028 Bitcoin goes back up to $50k.
(wow Bitcoin isn't dead after all (yet again), you look smart!)
Bad News: Crab market for 4 long years at $50k
(mainstream is more boring than you thought, so get married, have kids, etc)
Good news: the final pump, Bitcoin goes to $500k.
(WWIII, zimbabwe style hyperinflation, social collapse. BUT YOU'RE RICH! 🤑
This is not a prediction, it is a map. History will prove me right.
btc 7-17 update ~good morning,
if you watched my last few videos, you'll know where my minds at.
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i continue to see an increase in price into the end of this month,
to be more precise, into july 30th.
we will likely see a fairly large dip into august.
depending on how it comes down will be the most important.
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market is currently at a significant crossroad, and what comes next will be highly reliant on how we pullback into august.
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check out my two primary projections into the next few months via:
bull-
bear-
10k will be the bottomhi everyone
I am a trend detector and share my ideas rarely so it's been so long since the last time I did.
I expect the bottom of BTC would be at around 10.000 USD and I shared the related analysis more than 1 year ago. just click to check
so you should be patient to be in the market
btc 7-16 update pt.2good afternoon o/
previous idea was invalidated; going to try this one more time.
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as of this moment, the local structure does look like a clean 5 waves up.
i'm going to be looking for 3 waves down after this fifth wave is completed.
likely going to back-test 20k before it attempts to expand higher into the weeks ahead.
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ps. it's possible the fifth wave sees an extension, in which case it can go higher before we get my pull back.
shorts are risky, pullbacks are for buying.
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have a great weekend 💸
btc 7-16 update ~good morning,
little overnight bounce; came a few pips earlier than what i had expected.
this bounce has risen the downside target where btc will likely find a bottom.
20k range is now the 🔑 going into tomorrow, if it holds - upward expansion is to be expected.
can wick deeper into my green box to grab liquidity.
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upside target raised slightly higher as well.
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ps. it's still unknown weather the current move is corrective, or it's the beginning of a much larger move to the upside. will have a better idea before this month is over
btc 7-15 update ~good evening o/
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btc has rejected the area which i had my eyes on yesterday.
it's looking pretty good for continuation to the upside after this local retracement.
watching the local point of control in this general area just beneath 20k for a bottom to be made.
(could take a few days to get there).
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overall, looking for an expansion to 22~24k in the week ahead.
btc 7-14 update ~good afternoon o/
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i get this vibe, that btc wants to raid the lows.
it might not, but if it did it would be a prime long setup for what is to come.
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last night i shared two scenarios, i currently favor the bull.
love it or hate it, but this is my current opinion about the market.
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if we do get this deep raid, it would be the perfect bear trap. we'd also likely see a significant short squeeze out of this range. (20%+ in a single day if all goes as planned)
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"the bull-ish case".i'll be 100% honest with you,
both of these cases are bullish.
once this correction is completed, btc will go into the hundreds of thousands, if not millions into the years ahead.
the real challenge, is figuring out the path it takes to complete the current primary corrective wave.
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this case implies that bitcoin has completed a simple zig-zag (labeled as wave w)
which would mean that we're in a phase of accumulation right now, getting ready for a move up into the x wave.
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the next 2 weeks in the market will give us a very conclusive picture as to what comes next.
by the end of this month i'll be able to eliminate one of these scenarios, and play the one which is remaining.
patience is 🔑.
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the upside target for this x wave sits anywhere between 34~42k, but it would most likely take awhile to get there - in a very corrective \ choppy manner.
the final push down would go to about 6k into late 2023 (which would be my primary target for this particular scenario).
BITCOIN (BTCUSD): Breakout & Bearish Continuation ₿
Bitcoin broke and closed below a solid intraday rising trend line.
The broken trend line turned into a vertical resistance now.
I expect a bearish continuation to 18770.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
"the bear-ish case".good morning my peoples.
i've analyzed this count in twenty different ways, and i've narrowed it down to two.
i wanted to share the two trajectories which currently hold the highest probability in my honest professional opinion.
(view next post for case #2).
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the first case is called "the miner + hashrate capitulation event".
in the recent years, each major low has been greeted with miner + hash-rate capitulation, as displayed down below:
we are currently entering an area in the market which is putting significant pressure on the bitcoin miners.
if the price goes any lower than 17.6k, a lot of miners will be forced to shut down their operations, and potentially begin to liquidate some of their assets to continue being able to pay for their operations.
if i'm not mistaken, it roughly costs 17.6k to mine one btc, so if btc goes below this number - miners would technically be losing money per btc mined (in electricity costs, etc).
most of the cycle lows have challenged the miners, and just about every time, we have seen them capitulate which caused an accelerated move to the downside.
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is this time different?
nope. if anything, this time there's more miners than ever before in history,
so if btc so chooses to go down this path (which i think is inevitable, it's more a matter of when, rather than if) - then i think we're going to see one hell of a capitulation event.
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the target for this particular scenario = 10k.
though, corrections come in three waves - so this would only be the first wave.
i've shared my primary macro outlook in a recent video, this is the count for it:
btc 7-13 update ~morning o/
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might see one more leg down into that middle 18,000 area
the price action from down there will be key.
-if we come up in 5 waves, this will open a door to higher prices
-if we come up in 3 waves, the bounce will be short lived and further sell pressure will be initiated.
swinging the bounce(if i get filled), may hold longer if it feels right.
BITCOIN AND CPI EFFECTFrom november last year after after CPIs announcments we constantly go down, but if we speak about pure price action there were a lot of fake moves before the main one.
So, due to the fact we had fake break down resistance zone yesterday, we can have small pullback first bt then pump towards 22 k where prpbably we will have huge rejection and will leave redistrubution pattern to the south.
Bitcoin | Accumulation Phase & Broadening Wedge..!!
#BTC (Update)
Bitcoin is forming Descending Broadening Wedge in Daily timeframe.
Majority of Traders/Influencers are Talking about 10k-12k-14k But imo, Bitcoin will Remain 18-22k S/R Range for Next Few Weeks & Broke the Broadening Wedge in Mid August & hit the 38-40k Key Resistance in Late August/Early September So Keep Accumulating the #Bitcoin 👊
What'a About #Altcoins Sir??
Altcoins Look Good & Ready to Fly 🔥🚀
If #Bitcoin Remains CALM Between 18-22k Range for 3-4 Weeks, We Could See Altcoins 30-40% Rally..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
majority is always what?majority is always wrong m8,
remember that.
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good morning my peoples,
i talked to you about the bull, the bear, and the ugly.
today i wanna talk to you about how i'm playing this current move, and my reasoning behind it.
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i'm bullish into the next 2 weeks; specifically until july 30th.
i don't care about cpi data, nor the us dolla, or what the media says - don't come here talking about any of that lol.
my strategy, is to inverse the majority - and if you're coming here talking about anything related to what i have mentioned above - then you are the one i am inversing 😈
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bitcorn upside target = 25k.
BITCOIN - POSSIBLE ONE MORE LEG UPBitcoin on critical level. So far we tested trend line from april for five times alredy and every time we got rejection. Also most of the corectove moves were five waves with three legs up which we miss now. So if 19.7 will hold we can have one more small fake pump to touch trend line for the sixth time.
"that wasn't love, that was just hope".as you all know, the cpi report is coming out in 2 days.
if that data fails to beat the current market expectations, i do wholeheartedly believe the markets will see an accelerated move to the downside.
it will be lead by long liquidations, miner capitulation, and extreme panic.
IF this happens, my target sits in a window between 12\13k.
it doesn't have to happen right now, so this is not me saying that it will,
but if it did, be ready for it.
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ps. 24k is still on the table if the cpi data beats expectations :].
cash is 👑
btc 7-10 update pt.2good evening,
been thinking a bit more about this local count, and i've come up with one more potential trajectory.
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if we see a weak three wave bounce from my original downside target (view my last post for more context)
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then we'll likely see a slightly deeper retracement to 19.3k.
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both scenarios lead to the same upside target of roughly 24k.
just need to focus on how it moves up after bouncing in the days ahead.
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will throw an update when either of these outcomes are confirmed.