Regresioned EW BNC Index technical analysisNothing special here, just calculated regression (Not manually drawed one of red and green line)
+ some EW´s + MA´s application which seems to be strong to use from long term analysis and mid/long term smart spot trading with reduced risks and still big profits
www.tradingview.com
The best is in my opinion yet to come
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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BLX
🌽good evening ~
been pretty much on the sidelines with crypto these last few days - made a few scalps here and there, but nothing more than that.
as the pattern continues to unravel, it looks a bit more clear as to what is happening here.
possibly working on a larger abc\wxy in this local region.
how it fits into the larger count is beyond me, but it's probably some kind of larger wave 4.
also possible it could be turning into a massive leading diagonal (which would be interesting as well).
time will tell as to what this move becomes.
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though, what i do have to say is, i think we find a local bottom around 36k, and make our way up to 42k in the week(s) ahead.
could take awhile, or maybe it moves fast; give it time, and let patience take the wheel.
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wave b target = 36
wave c target = 42
✌
cashmeoutside how bout that?good evening
lot of bulls in this market right now
i can sense the euphoric moon bois creeping back in over these last few days
love it when this happens.
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been hanging out in cash since yesterday, and decided its time for a little short swing.
my target on this trade will be closer to 30k - and i also get this feeling that 30k is not going to be the bottom quite yet.
feel like we have a few more months of pain before any kind of life comes back into these markets.
✌
BLX Log Chart AnalysisJust my opinion of what the macro trend is for the BLX chart.
Over time, we will continue to see the "floor" move up and "ceiling" increase as well.
Making some assumptions here, of course, as to the length of these bull and bear cycles based on the last 2 cycles.
No one truly knows, but this is what I am seeing so far.
30k by end of weekgood evening ~
so i was really hoping to see 40k get hit before this next phase begun, but it seems a lot less likely after this little drop over the last couple hours.
after breaking structure earlier, i do believe we have begun the final fifth sub-wave of the final fifth wave of wave (c) of a larger wave W (try saying that five times lol).
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i'm predicting we hit 30k by the end of this week, and that will mark a significant bottom in the crypto space.
how high we go after will be discussed in a future post (if you saw my recent video, you know exactly what i'm anticipating).
be careful this week.
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wave 5 target - 30k.
40ozgood afternoon,
btc is currently in a pretty tight squeeze
the order books are packed out with large buy \ sell orders in this local range.
one side is going to lose, and a big move is going to take place.
my bias is a move up to 40~40.5k
might stay in this squeeze until tonight before it pops.
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it could very well break down as well, so a tight stop is in place near the bottom of yesterdays daily low.
ps. if you have followed along for awhile, you'll know what the hammers on my chart indicate.
🔨🔨🔨🔨
distribution vibes.as btc approaches the local area of distribution, i could see signs of weakness appearing.
overnight move up doesn't look impulsive anymore
volume is decreasing
resembles wave b, x, or 2
if this is wave b or x, then we likely see 40k in the days ahead after a little dip down to 34~35k
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if its a wave 2, then we drop to 32~28k from here.
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i don't know what the market wants to do, all i know is i'm ready for either outcome.
are you?
✌
the final traphope i didn't scare you with that sell-off earlier,
just purging some late longs.
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anyways -
let's talk about:
>the decreasing volume into this push down
>funding is negative as of right now -
>the moonbois have scattered,
>fear is back in the markets
>>seems extremely bullish from my perspective.
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as we approach the 0.50% retracement, we are also back-testing the 1h ichimoku cloud -
if both of these levels could hold, i expect btc to make its way up to around 40k by friday.
this will minimize the potential loss mm could have from the billions of $$ in options expiring eom \ give retail the final bull trap before an apocalypse begins for the new moon on the first of February.
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if you caught a short at the top of my range earlier,
could easily cover some profits here \ use it as a hedge for a long from the bottom of this new range.
-- not financial advice, this is all just art.
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~your lips,
my lips,
apocalypse.
💥
👇
32khello,
here to say
there's a good chance
that bitcorn
drops to
32k.
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i don't think that'll be the bottom quite yet, but it's a step in the right direction.
stop just above yesterdays high ~
-not financial advice btw.
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as for what this structure is,
it's the most superior bull trap in todays markets.
>called an expanded flat.
>designed to trap bulls \ give beginner traders the wrong impression about which way the market is headed.
>learn the expanded flat, become a master of this market.
also - if you know, you know 👇
✌
How deep does the rabbit hole go?“You take the blue pill, the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in wonderland, and I show you just how deep the rabbit hole goes.”
-Morpheus.
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I have talked about this scenario in so much detail since around July, have done many videos discussing my entire count from the beginning of time, wave by wave leading up where we stand today. Warned everyone, but most never believed me.
Would just like to say, i'm not here to convince you, nor am i here to be right or wrong. I merely share what i see on the charts and nothing more.
When I'm wrong, I learn - when I'm right, well that's nice too.
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March\April of 2022 will be the time we go long, and it'll be a time many of us will remember for the rest of our lives.
Might even be the last trade I take before going ghost.
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Ps. the path we take to get down to my target is unknown(since the market is never linear).
Expect infinite bull\bear traps along the way,
but if you are patient enough to withstand what is to come,
then you deserve eternal prosperity 🤝.
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💸
BLX.ASX_Retracement Trade_LongENTRY: 3.02
SL: 2.47
TP: 3.39
- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI -ve. But turning positive.
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Retracement to 50% fib. level and rebounded today with high volume green candle.
- Possible buyers coming back in today.
- Above HVN currently as well.
- Buyers-in-control actions on 11 Nov 2021 and 10 Dec 2021
one more leg 💰good evening humans,
so we saw that flush which i discussed in last nights post via 👇
but i don't think it's over yet.
this move came down with far too much force, and hit a very important level (the 2.618) wave 3 extension
which brings me back to my point -i think we have one more leg down to go - to about 33.8k
this will complete something big, and we will wiithout a doubt in my mind see a massive reversal from this level 💰
Wave 5 target = 33,743
btc 1-20 update.good evening yall.
in my last video update i discussed this exact scenario in extreme detail. go check it out if you haven't yet to get a better understanding of what just happened.
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talked about it in this post as well via 👇
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i share tons of scenarios, as i anticipate every possible outcome, every single time.
have always said this, the market isn't linear, it doesn't care about us, nor our ideas. if i could think of 5 outcomes, i share them all, and i await for one to start playing out - once it does, i simply trade in that direction.
i caught a trade at that 1.618 w3 target, and am currently up close to 100% on my 77x leveraged position - if i had not anticipated this scenario, i would not have caught that trade.
this morning when i exited all my positions, people told me i excited prematurely, some guy even laughed and called me silly - but something felt wrong about the market, and my intuition told me to get out. i will always listen to my inner voice, as it is what got me here in the first place.
>i rather exit prematurely, than too late.
let that be a lesson to you.
best of luck peoples, i really hope you had a stop loss if you were long from this morning.
✌
alternate btc case ~good morning,
seeing an alternative path right now.
it's a lot less likely to the first one i shared yesterday, but it's very much possible.
a lot of people are excited right now, expecting higher prices after this little move up - but we're in a complex correction here, and complex corrections are known to trick the majority.
it's very possible we raid the low 40's before making the highly anticipated move up to 45~46k.
not saying this is what's going to happen, but it's certainly in the realm of possibilities.
-expect the unexpected, and have a nice weekend.
Admiral Ackbar's warning!*This all for fun and is not financial advice*
I believe we will break out and confirm the break out with a fall on the resistance line making it support.
That should be the last flush out and it will cause max pain in the markets which will set up the next bull run.
Have fun, trade at own risk or just hodl.
Far out prediction 189k November 2022