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Bitcoin & it's historical patterns.I made it color coded so it's easy to understand as the chart is kind of busy. Are we still waiting for the final parabola that is the finale part (blow off top) of the 2nd cycle. Lets see if this theory holds true. If it does, another obvious thing is the the cycles are lengthening and the gains are diminishing. So in this analysis I am theorizing we are in the cool off phase before the final top. It's just a theory and not financial advice, don't take it as such . Just shows patients wins in this game.
BNC:BLX
by WeAreSat0shi
this one's for the bulls (111k) 💰in my latest post, i briefly discussed the possibility of a very bullish formation taking place; here's that post as promised. --- there are many ways of interpreting the weekly wave count, in fact there are too many for me to even begin to get into right now. though, as the days and weeks have went by, i've slowly been able to eliminate the ones which got invalidated - leaving us with fewer scenarios to work with. --- what i'm proposing here today, is the potential completion of a weekly triangle (aka bull flag) which had begun last february. if i'm right about this, Bitcoin cannot under no circumstances fall below $32918.7 - and i mean not even by a single penny. for this case to play out, that pivot must hold. a triangle of this scale is a massive phase of re-accumulation for some of the largest players in this world. if they genuinely want this, they will get it. --- in my last big prediction, i called out the top near 65k, and my projected downside target was hit perfectly. feel free to backtrack to that post for more context 👇 --- ps. to that one keyboard here who likes to talk smack in the comments - i hope you know that the market moves in two directions, up and down. we have made So much money shorting btc, as well as many other alts, that at this point it's almost silly to expect lower prices. when the whole world turns bearish, we the wolves turn bullish. ps.2. just because i am bullish, does not mean that i am going long right here right now, but you'll know when i do. --- Wave 5 target = 111k.
Long
by notoriousbids
26
btc 4-18 update o/ often times when an asset nears the very bottom of a move, liquidity hunts begin to take place. a liquidity hunt is basically a large player hunting for stop losses to increase their own exposure to the market. meaning; when you get stopped out, someone else is buying your position for their own benefit. --- at times there just simply isn't enough liquidity for some of these larger players to satisfy their own taste, so they'll create liquidity by setting traps for the participants of the market. one of the most common, and devious of these traps is called an expanded flat. 👇 w5 target = $37,430.
by notoriousbids
24
btc 4-17 update ~good evening o/ i think i've got some good news for the bulls today. ------ been observing a very bullish formation across many alt charts, and there's a good chance we see something pretty unexpected in the second portion of this year. a lot of people are starting to lose hope, most are turning bearish, talking about bitcorn dropping to 30,20,10k (myself included) but... i'm here to say, that there's hope for the bull bros 😎 ------ keep an eye out for a pretty big bullish update in the days ahead, as well as a pretty in depth video going deep into what i'm briefly discussing here. have a beautiful week 💸
by notoriousbids
6
something sinister.the downward move seems to be picking up momentum as of this morning, there's a good chance this spirals down for the remainder of this week. long liquidations could fuel the accelerated downward move. if this does indeed play out, which i'm not saying it will, then i'd be very interested in getting back into the market closer to 36k. this would be another back-test of the monthly 21ema; something that in my opinion is required for another upswing. overall i'm quite bullish on the market, but as of this morning i'm sitting in cash until things settles down. i don't really care about catching the exact bottom of this move, i just want to do it safely.
by notoriousbids
17
btc 4-11 update ~good morning ladies and gentlemen ~ overnight price action was exactly what i had expected, played out perfectly + hit the downside target i was looking for. from here, i'm eyeing a move up to 43,277; this level is most important in what comes next. reject it = btc gets sent tumbling down to the next algorithmic level at 39,435 break above it, and there's a case to be made for upward expansion (will talk more about this outcome if it actually happens). nasdaq looks primed for a move up this week, don't let it scare you folks; and when nq moves up, so does bitcorn 💰.
by notoriousbids
11
53k?that's right, as the title says; i think we're going to 53k. before you say "but elo, wave 1 and 4 can't overlap" read the rules of an ending diagonal 👇 --- so Wave C is playing out as an ending diagonal which gives us the final fifth leg closer to 53k, completing a near perfect mean retracement. once this 53k target is met, bitcorn will drop 50%+ (keep this in mind). refer to my macro count for more context 🔻 ------ wave 4 of wave c = 41k wave 5 of wave c = 53k
Long
by notoriousbids
24
btc 4-10 update ~good afternoon o/ bitcorn looks like it wants to expand again, but not in a bullish manner. this is the other interpretation i've shared over the last few weeks via my videos, and posts - and as of this morning it's looking like the one. here's the micro count of the leg from the local high good chance this pokes up to retest the highs from friday before making the final descension to around 41k; from there i am 90% certain it'll launch. the local bottom might be put in around the time of the full moon (within the next 7 days). 💸
by notoriousbids
16
btc 4-6 update pt.2as of this moment, btc does not look so hot. the reaction i expected from the key level from my last post found 0 demand, which means we go lower. what i had as a level for bullish invalidation has now become the downside target of this move. i've got a way to interpret it, which still manages to give us one final leg up, but i don't think it's going to go as high as i had originally anticipated. a break of the trendline on my chart, and btc drops into the crypto abyss.
by notoriousbids
9
btc \\ alternative scenario wanted to share one more idea, this one here is quite simple. 👇 >btc gives us one more fake out to the upside, >a fake out to the downside, >then it squeezes up to 53k to complete the larger mean retracement. ---- -this scenario is a lot less probable than the few i've shared over the last few days. -i'm calling it an alternative scenario as it is the one that would shake out both the bulls & the bears + provide a ton of liquidity to mm. ---- Wave 4 target = $43,796 wave 5 target = $53,317 🥂
by notoriousbids
6
btc 4-5 update ~good afternoon o/ someone brought up this idea to me last night, and after further looking into it there's a compelling case to be made. triangles are very prevalent in wave 4 corrections, and that's precisely what we're in on a lesser degree. ---- the bullish invalidation on this triangle sits at yesterdays low of (45050.0). can't go below this level, not even by a penny if this is going to play out as projected on my chart. the textbook upside target sits at $51,113.50, but an expansion to 53k is expected. ---- Wave 5 target = $51,113.50
by notoriousbids
6
Bitcoin Macro Count.Good afternoon ladies and gentlemen. As per a special request, I've decided to share my updated macro count on Bitcoin. This dates back a few years, and I've tried to include all of the details into one picture, without over-saturating the chart. ---- This is my primary outlook, the one that I give the highest level of probability to. Similar to what the Spx500 is currently doing, I think they're both going to pivot to the downside around the same time \ Bottom out mid summer (near the end of July). ---- Wave X target = $53~59k Wave Y target = $24~20k Wave 5 target = $136~200k.
BITSTAMP:BTCUSD
by notoriousbids
17