btc 4-2 update good afternoon,
got a little update to the original projection from a few days ago.
bit of a change to the count in this lower range, check it out 👇
potentially playing out a complex wxy of a higher degree (same as the original idea, but with a twist).
it's possible we've got a 3(abcde)3 on our hands .
which would imply more complexion before it completes.
but would also imply a higher upside target than originally projected.
potentially as high as 55k.
---
i've got three projections on my chart here.
path #1 (green) {primary} plays out as an expanded flat, coming up to 48.5k---> dipping down to the low 40k range, before the big move to 53~55k
----
path #2 (yellow)
----
path #3 (red)
BLX
$BTC bounce to $51-$56k to confirm resistance, then lower?Pretty much the same chart as I posted last time, just updating thoughts and timing a little bit now that price action has played out more.
I'm fairly confident that this move down right here will mark the short term bottom. I'm thinking that we could get a strong bounce up to the low to mid $50k range ($51k-56k) as the next move to confirm resistance, which would then setup a fall lower. The question then would be how low we go?
I could see us just going back to retest the $32k-$34k bottom of this structure, which would setup a larger bounce higher after (this is my bias right now). Or, I could see us breaking through the structure and testing $23k. In either way, stay cautious in the coming weeks/months, as a rejection in that $50k range would setup a sharp decline lower.
I've just gone fully long and am targeting to exit crypto again sometime in March/April. Then should the move lower play out, reenter towards the end of May.
Let's see how price action plays out from here.
Btc 3-27 update 🐻Good evening ladies, gentlemen, moon bois & girls.
I've got a special one tonight.
---
A few days ago I talked about 47,777 being a local top - and we saw a pretty decent rejection from this level-
though, i don't think it's the top quite yet.
i think we've got 1 more leg to the upside before the next phase of the bear cycle begins.
I'm watching for a local retracement to back-test the recent highs( for sub-wave 4 ), before the final move up to around 51~53k( to put in sub-wave 5 of wave y of wave X of the higher degree. )
53k should in theory mark a significant top in the current market + give us a strong reversal to roughly 22k by July.
July 25th to be more precise.
Once this larger correction is completed, I do believe Bitcoin makes a run to 130k to complete the larger count.
98% of this market is bullish right now, but the wave structure does not fit the narrative of anything more than a bull trap.
watch for the final flush, before the real bullish move comes.
---
Wave X Target = 51~53k
Wave Y Target = 22k.
Wave 5 target = 130k.
💰💰
btc 3-25 update ~good afternoon, happy friday o/
have a little update.
based on the price action from this week leading into today, i have to toss my triangle idea out the window.
we've come quite close to invalidating it anyways, and i have a very strong feeling it's gonna get cut.
----
what i'm proposing here, is a very complex b wave which takes the form of a bunch of smaller threes.
good chance it makes it all the way up to 53k (0.65% retracement of the entire drop from the 68k top)
but there's a high probability we either sweep the lows of this general area, or come real close to doing so before it launches.
count is in a rough draft for now, will update it when we begin the descension.
BTCUSDT for scalping traders - 1H ANALYSISHello Traders!
As we see on the chart we have a yellow triangle, we have two scenario:
1 - if the price breaking the triangle upward we buy and take profit at green zone
2 - if the price breaking the triangle downward we sell and take profit at red zone
This Analysis is for The possible scenario for BTCUSDT
NB: The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching
Have a nice trading
Dow Jones Vs SPX500We can notice that Price movement between these two is very correlated. What I want to point out is the M pattern that bitcoin has also recently printed the last year. Could BTC follow this very pattern and go into a blow off top over the next several months? Personally I think it's a strong possibility that only time will reveal to us.
With more and more wall street and institutional investors now in the crypto space, could this be the road to 200k bitcoin?
This Is not financial advice.
btc 3-21 update ~good afternoon peoples ~
i got a feeling we're going to see a continuation of the mini alt season that's currently at play,
alts should in theory continue to run until around april 1st.
april 1-2, i think we see a significant pivot to the downside,
and i think crypto bottoms out by mid june in the 19~24k range.
this area is in confluence with the 55monthly ema \\ 200 weekly ma.
historically speaking, btc has tested these two moving averages in every single cycle before the next bull run begun.
---
ps. not going to share a chart on this one, but watch ape\usdt, i think it runs 100% from current levels.
keep a decent sized stop if you play, and don't forget to take profit ;).
💰
btc 3-17 update~good afternoon,
been on the sidelines last week or so just observing price action, and allowing the market to show me what it actually wants.
i think i've got a pretty solid case to make from here.
so long as btc stays below 42698.0, a 20% drop is expected
if it breaks above 42698.0, a short squeeze will be triggered, and will invalidate my idea entirely.
i think btc stays flat for the most part, until around sunday evening
on sunday we see 1 final spike up, and this move will be for shorting with a hard stop $1 above $42698.0.
alts might run through the weekend while btc stalls out \ btc.d declines.
downside target sits at 31k before anymore longs can be safely taken.
✌
20k.good morning,
after further observing price action over these last few days, something doesn't feel right.
----
was browsing through a ton of peoples ideas, and everyone seems to have arrows pointing upwards.
people are under the impression that we're in a phase of accumulation, similar to last summer - so i have to make a bearish argument against the majority.
i believe btc is playing out a massive wyckoff distribution phase
i think we're in phase D right now, which marks a massive sign of weakness in the market.
----
btc continues to backtest the 21 monthly ema for the third month in a row, with no real signs of strength.
the last time this happened was in 2018, and we all know what followed after.
a support can only hold for so long before it breaks,
and the next support sits in the low 20k range.
----
to conclude, i think btc will see a sharp 50% decline over the next few months to flush out the last of the moonbois.
only then will we run to 200k.
i remain to be:
short term bearish
midterm bearish
long term very bullish.
ps. if it comes back up to the top of my local triangle, i'll short it.
cash till then.
✌
btc 3-14 update ~good evening,
crypto has been in quite the funk lately,
my only explanation for this sort of price action is we're in a triangle.
technically a triangle within a triangle.
double the chop, double the accumulation.
---
i do believe the local abcde has been completed into wave B or wave X,
and now we're in the midst of the early stages of beginning wave C\Y.
bullish invalidation is quite tight, right at 37.1k
a break below this level will put us into something a tad more complex; will talk more about it if it was to happen.
C\Y target = 52k.
BITCOIN - Be preparedThe first correction that happened in May 2021 marked the first ABC of this correction sequence.
Intermediate Wave (W) consists of a subwave WXY. Wave Y consists of another WXY pattern (which explains the insane choppiness of price action from May 19,2021 - July 20, 2021)
Intermediate Wave (X) is pretty straight forward and consist of a ZigZag ABC pattern
Intermediate Wave (Y) is where it gets scary. We have an impulse wave (12345) followed by an abc followed by another impulse wave down.... not done yet
This could have marked the final corrective wave BUT the nature of recent price action makes me think otherwise.
As shown in what may be a possible triangle, this may be the wave x out of (wxy) - meaning we may see one more leg down to finalize this correction
Currently, I have the bottom projected at around 26-29K. Sounds insane but thats what this markets been. Insanity.
Expect the unexpected.
BTC 2 Scenarios before Breaking 37k 33kHey guys
If u were following us - u would know that we has 2 scenarios for btc to break 33k
1st:
2nd:
in the first one u can see the date of next bottom
its around 20th 21th Marth
Or it can happen before this dates
Which means - we are gonna have the next bottom in the next coming week
and i think the major Bottom can be around May - Maybe 10th to 20th of May - Exactly it could be 14th according to 1st analysis and this old one:
Then we can think about Buying and holding the BTC & Altcoins for longer terms before the next dump
Anyway we can discuss about that later
Have a Nice Week
btc 3-10 update ~good afternoon ~
after further observation of the price action we've had for weeks, and a deeper look into dozens of other charts - i have to lean extremely bullish going forward.
I think btc is in somewhat of an accumulation phase down here.
I'm going to make a little video later today to discuss this in more detail, but overall - i think once this little triangle is completed, we're going to run to around 60k; potentially into april\may.
"The wicked triangle" - update.Hello o/
here's a bullish proposition.
back in november i turned bearish
via:
and we've come a really long way since then.
so i'm going to go ahead and make my bullish prediction as of right now.
-----
this is an update to the wicked triangle case that i shared awhile back
via:
basically implying that we're in a larger accumulation phase on a weekly timeframe, which had begun way back in april of 2021.
this scenario basically suggests that once this larger abcde is completed, it will put a larger wave 4 in place
followed by a parabolic move to the upside which takes us well over 100k to finish that larger wave 5 we've all been waiting on so eagerly.
-----
it isn't going to happen overnight, triangles are slow and boring, and make people lose hope
but i'm here to say
don't give up right before the move.
🥂
BLX / BTC ComparisonAs price hits the middle of the channel, this analysis shows how price still has the potential to extend from here to the top, as it has done in the past (indicated with green)
We are in a massive channel, right now as price is close to the major lower trend line , an entry point arises
Some of my older posts, below
Show a large parabola, this line is currently being tested if it hodls and bounces strongly continuation up is likely
Here are some more analyses
BTC close short and long itIn this Areas - we can try to long BTC
we shorted BTC from 44K To 40k (as u saw the last analysis)
I just closed my short - i think i m going for a long to 53k which was my 3rd Scenario in this Analysis
but if 33k breaks - then we are probably in terminal - otherwise we are in Triangle
I m Also Longing CELO + ETH
If we are in Triangle (BTC) - then Altcoins like celo will pump very well (the pump already started from 2$ for CELO)
Market is Dynamic - so thats why we need to update our scenarios - 1 Candle in 1 min Timeframe can always change the whole story - so we go step by step
btc 3-9 update ~good evening,
i mentioned in my last update that we'd see a short squeeze if the previous high was breached
and a short squeeze we got.
despite the little squeeze, 'm still looking for 35k in the week ahead.
watch the local golden zone for a potential entry tomorrow.
----
there's an alternative path as well, which takes us up to 50k.
it is a lot less probable than the bear projection, but keep it in mind just in case.
stop losses, always.
✌
btc 3-8 updategood afternoon,
btc seems to be playing out an expanding diagonal as of right now
currently in a wave e (in theory)
wave E invalidation sits at 39536.0, if this level is breached - we will see a short squeeze to the upside.
so long as this level is not breached, we should see follow through to the downside from here to anywhere between 35~34k.
btc 3-7 update ~morning,
the idea i shared last night seems to be at play.
looks like we're playing out a wave b of that D wave right now through an expanded flat.
might go as high as 40k, before dropping further into wave c to about 34k.
once this move is completed, i do expect a move up to complete the triangle into wave E before a deeper draw down.
btc 3-6 update 🔻good evening,
coming through with some bad news here.
btc does not look so hot breaching the local golden zone as i type this.
there was no absorption \ no demand in one of the highest areas of liquidity, which is not a very good sign for the bulls.
-----
i've to deviate from my bullish approach towards the market as of this moment, and lean towards this idea which i shared last week via:
I call this scenario, the wave triangle.
------
i've noticed over these last couple of weeks as btc continued to range sideways, that there was no real momentum behind any of these moves.
we've continued to build bearish divergence on the larger timeframes, and we are currently about to backtest the monthly 21ema yet again.
it isn't going to hold forever, so i do expect a breakdown eventually which will take us to about 24~20k.
this is not something many people would ever think of happening, and it will surely catch a ton of humans off-guard.
as of me typing this, 97.1% of the cumulative market is net long.
2.79% of the market is short.
think about that for a moment.
✌