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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
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)
by notoriousbids
14
$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.
BITSTAMP:BTCUSDLong
by benjihyam
5
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. 💰💰
INDEX:BTCUSD
by notoriousbids
25