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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. --- 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. ✌
BYBIT:BTCUSD.P
by Eloquent
10
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). --- 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. --- wave 5 target - 30k.
by Eloquent
12
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. ---- 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. 🔨🔨🔨🔨
by Eloquent
5
the final traphope i didn't scare you with that sell-off earlier, just purging some late longs. ----- 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. ----- 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. ----- 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. ----- ~your lips, my lips, apocalypse. 💥 👇
by Eloquent
3
32khello, here to say there's a good chance that bitcorn drops to 32k. ---- 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. ---- 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 👇 ✌
by Eloquent
30
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. --- 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. --- 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. --- 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 🤝. --- 💸
BYBIT:BTCUSD.P
by Eloquent
24
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. ---- talked about it in this post as well via 👇 ---- 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. ✌
by Eloquent
34
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.
by Eloquent
17
𝟒𝟔𝐤good evening, i was observing the order flow all day today, and it's quite apparent that there is a little phase of accumulation taking place in this range. gotta lean with the original case from here, with a slight twist. think we see a move up to about 46k in the next 9 days. max pain on $2,039,677,024.46 worth of premium for the monthly cme expiries this month sits at 46k, coincidentally in confluence with my algo target. ---- bullish invalidation on this swing sits at $41140.0 - stop loss just beneath. wave C target = 46k
Long
by Eloquent
22
$29k-39k $BTC before we head back to $57k?In my most recent analysis, I had laid out the path for us to get to $57k-61k as the next levels of resistance that we need to hit. However, over the past few days, I've changed my view on $BTC going higher from here as it failed to get above the $52k level and hold. Now I think the most likely path from here is for BTC to fall to the $30k range -- either stopping at $39k, or potentially testing the $34k region in the worst case scenario on this next move. Then, I think even if we find support at $39k in January and if BTC bounces higher from there (even up to the mid $50k range or that $57k resistance), there's a decent chance that BTC bounces rolls over, forming a head and shoulders pattern and breaks down further to $29k-34k sometime in February or March before it finds some mid term relief. If this plays out, it means that alts could see substantial drops from here. I'm fully in cash at this point waiting to see how the next few weeks play out. I will update alt charts once BTC finds a bottom. I've drawn a few different scenarios I could see playing out. I don't know exactly the path BTC will take, but I know that these are important levels ($39k,34k,29k) that will likely get hit at some point. I'll update this as I see price action play out. Stay safe out there and keep stop losses tight if you want to take the opposite side of this idea.
INDEX:BTCUSDShort
by benjihyam
13
$BTC bounce to the low/mid 50ks? Then down to the $30ks again?Alright, updated all of my previous analyses w/ thoughts that we're bouncing here rather than seeing further downside. The initial support at $39k was hit, and while I thought we'd see further downside before a move up, it looks like we're bouncing here at $41k and holding support. I think the most likely scenario from here is for a bounce higher to play out and reject at either the $51k resistance or $54k resistance to the upside, reject at either one of those levels-- which would setup the downside move that I was expecting to either $34k or $29k supports. The reason why I'm expecting a bounce here is because we're forming a bottoming pattern on lower timeframes. The indicator that I use to measure momentum/strength is extremely oversold on many timeframes and because we started to see buy volume come in after the stock market closed today and saw an initial bounce. Idea would be invalidated on a break and close below the lows at $39k. Let's see what happens from here.
INDEX:BTCUSDLong
by benjihyam
4
bitcorn to da moon?no, not yet young grasshopper. ----- looking like a classical wxy as of this morning will reject one of the pink levels on my chart - i take profit on my long at every single one \ move my stops up higher into profit as we go. wxy's can take time and are extremely corrective moves, so this last dip could take another 1-2 weeks to play out before we finally begin any kind of move out of this range. downside target is sub 41k - could go low, but not lower than 39651.0. it might be a 1-2 once it's completed, or an a-b; we really won't know until we see the move that follows out of this range. ✌
by Eloquent
5