BLX
btc 11-30 update ~today was a very interesting day, full of much needed volatility owo
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still targeting around 63k, but it's possible that we break at about 61~62k; will see what the wave structure looks like closer to that zone.
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enjoy this mini alt season while it lasts, for what comes next will rock your world.
👇
11-30 bitcorn update :^)wise man once said
sell when everyone is greedy
buy when everyone is fearful
little expanded flat playing out here into what i'm thinking might be a 1-2, but it could very well be an a-b as well.
if it's an a-b, look out below once wave c is in :, )
i prefer the simple zig-zag scenario for maximum pain + maximum opportunity for those who're ready for it;
but i'll take the 1-2 as well.
btc 11-29 update~morning,
this little impulse here looks like a bull trap,
was observing the volume profile, and flow & it looked a bit shady.
good potential we raid the lows one last time before making a move up.
if you took any of the longs i shared yesterday, move stops up into profit, or to breakeven.
expect this if it comes, but know that it doesn't have to happen.
we might just fill the cme gap & continue moving up.
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in my opinion, it's going to take a few attempts to break downtrend.
BTC/USD (Daily Fib 0.5 Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous trading range
-Also, the descending channel is still following the price action
-If we can see a strong bullish breakout plus a good retest
-Bitcoin short term correction might be over and a potential upside move is likely
-I only took 1 trade recently but got stopped out which is part of the game
-Due to bad market conditions, I'm not going heavy on any swing trade yet
-But once the market shows a clear path, I'll start scaling in more position
-I hope most is are following proper risk management recently
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
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if you know you know pt.2welcome to the dark side, where the media scares you out of your positions; where the same people writing these stories, are the same people that take your positions.
we're anticipating a move up on btc to at the bare minimum of 72k into this new year.
took a lot of digging to figure this out, but we finally got it.
the final shake out of the weak handed sheeple, before the real wolves feast on their last meal.
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Long btc closer to $53,000
Sub-wave 5 target = $75,000
a cautionary tale ⛔consider this post somewhat of a warning, a scenario the majority would dread, but a scenario that has a 50% chance of playing out.
i have discussed this scenario in very much detail in the past, and i'm going to do a very comprehensive video about it tomorrow morning.
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here's the thing.
we still have a valid case for the short term bearish scenario to play out, which would take btc down into the low 30k range to complete a larger degree wave 4 correction through an expanded flat.
we simply cannot jump to this conclusion without seeing a confirmation first - so consider this a heads up just in case we have to resort to this outcome.
we'll get confirmation for this when we see what the bounce looks like on btc in the week ahead.
if it moves up in 3 waves as i have displayed on my chart here, and we reach the 0.618 near the end of the move -> then there's a 75% chance this plays out.
i'm not bullish or bearish during this time, but i will be upon receiving further confirmation.
which ever way it goes, we'll have a very high probability trade setup to ride the waves in either direction.
best of luck to you all, stay vigilant in this market, expect the unexpected, and be ready for anything that may come our way.
💸
btc 11-27 update~i notice that btc's price is contracting, while btcusdlongs are starting to rise.
this divergence between btc & whale longs is very bullish.
we also have some really nice money flow \ rsi divergence on the larger frames.
i also noticed that a lot of btc miners look primed for a big run. will share my few setups after i see what the usa market looks like on monday.
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i think we dance around this lower region for a few more days before taking off.
expect the unexpected though, anything is possible in the world of crypto, especially during these wicked times.
$BTC Short term bias = downside: $53-54k first, $46-48k nextSentiment at extreme highs and the chart not looking great. One thing that has been bothering me about this run since October is how we've never tested $48k or $52k as support on the way up.
Today we had all markets show weakness, TLT showing strength (as seen on my recent analysis), and $DXY completing an inverse head and shoulders breakout... all the signs are there that the market should correct from here. I went short on the $NDX on Monday from the chart showing weakness-- so far it's been playing out well-- and now all the signs are aligning that we should see follow through (TLT and dollar rallying). I don't think crypto will escape a corrective move, should the market continue to show weakness.
From here, I think we're likely to rally into the weekend trying to make people believe that the market is going higher from here, and then early next week (either the 15th or 17th pivot), start dumping down to $53k. I think we'll get a bounce higher there, but eventually roll over again, completing the corrective move of $48k sometime in early December. That should be a great area to buy $BTC.
From there, there are scenarios I'm weighing, but let's see how this idea plays out first.
I'm selling out of my alts and getting back into cash here to buy this dip (should it play out).
Next possible Bottom for BTCHi,
I had done a analysis on Weekly time frame, on BLX BTC index few months ago.
Here is an update on it.
I was thinking after the move up from 29k (in end of jully 2021) to 69k (in midle november 2021) than this analysis was NOT relevant anymore, but who knows.
Maybe it is still correct...
NOTES :
For the Fib Level, I have checked the option bellow :
Fib levels based on log scale
I have leave the last Fib. retracement I had draw.
btc 11-26 updategood morning,
here's a quick update on bitcorn.
we moved down pretty impulsively for our final fifth wave, so i'm counting this overnight move down as a sub-wave 3 impulse
i'm looking for around 52k for the local bottom on btc, before a move up to about 62k.
running a video on a few alt setups that i found, too many to post here, as i really don't want to spam the page lol.
best of luck!
btc 11-25 updatemorning, happy thanksgiving to you all 🦃
btc looks to be in a flat here for this sub-wave 4 of the move going down.
i think we're going to be putting in wave 5 in the next day or two.
posted a video update talking about just this, in more detail.
targeting 54~52k as the bottom for the final shake out before the next move to the upside.
have a great day!
the final raid? 💣shorts keep building:
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check out this july fractal:
i think we're going to see a similar scenario play out in the next 48~72 hours.
if this truly does play out & we start ranging down there, that is the time to get into some leverage longs
best of luck to both bears & bulls on this one!
💸
Bitcorn impulse completed? 💥💥💥💥taking another look at the charts, and it's clear as day that we've completed 5 waves up.
i'm counting these 5 waves up as a wave (1)
wave 2 target sits somewhere in the 40k region.
0.618 sits at 40k.
Max pain on December 31st sits at 46k for cme futures.
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i think we'll see price move down into my green box for another phase of wyckoff accumulation.
once accumulation has been completed, we can begin our wave 3 impulse.
will talk more about this scenario later ^^.
💸
BTC/USD (Sign of Strength?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin may have found support near Fib 0.5 level
-We can see the price reacted to this region and a bounce is happening
-If we plot a descending channel, the price could test the resistance at 60k dollars
-And if a bullish breakout of this channel, we could expect much higher price targets
-If we see a good move above, I'm expecting a recovery for the Altcoin too
-I am now preparing my watchlist for new swing trades in the coming days
-Still, I will not go heavy because BTC still not out of the blue
-Good luck and happy thanksgiving!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
11-24-21 btc update - breakout incomingi did a little video update this morning talking about two potential scenarios,
continuing to observe price action, and it looks like btc is poised for a breakout or a break down.
which one is it going to be?
breakout would take us to about 60k
break down would be at about 53k
btc long swing ~good evening, i think btc has begun a mean retracement after the completion of a 5 wave move.
during this time, i dont expect any parabolic moves for btc, just a slow grind up before further downside.
alts can perform very well during this time, but be careful with them.
i do think we've entered into a larger bearish phase just based of everything that i've been seeing today.
will post little swings periodically, but ultimately i am mostly sitting in cash until this correction is resolved.
Wave C target = $58,400
BTC/USDT (55k Area Potential Support?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect the uptrend is not yet over
-And the altcoins will also rally up again considering the BTC Dominance value is decreasing
-For now, I have not opened any swing position as I'm waiting for a better market condition
-Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad
-I hope you guys are also taking this oppurtunity to study and relax a bit
-The market always moves in circles so there is unlimited opportunity
-So we just have to sit back and enjoy the process
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
btc 11-23 updategood morning ~
I have a feeling btc isn't quite done correcting yet.
The overnight spike in shorts, and the multiple touches of our local support, I'm not sure that it can hold much longer.
We'll either have to start moving up right now, or we see another leg down.
potential targets =
100% extension = 54,155
123.60% extension = 52,853
trade safe!
btc 11\22 updatemorning,
looking at btc miners, and the current wave setup + taking into account the cme futures max pain on december 31st which sits at 46k, i'm going to conclude my theory of this expanded flat scenario into the primary wave 4 going down to the low 30k's into jan \ february to fill the cme gap before we see any new highs on btc.
i'm bearish until we get there, and will short every single pop.
100% bullish after we complete this expanded flat.
i could very well be wrong about this, but i have to stick to my intuition on this one.
ps. i made a video going over this scenario last week on my youtube channel, feel free to check it out if this theory catches your interest.
🥂
Will History repeat?When will the top come, 2021 or 2022?
This is a copy of the previous chart called "Is the Bitcoin top in?" I have added the HTF LOG CURVES OSCILLATOR to it as another confirmation of top is still yet to be found. I do think we are in for a ride the next couple months.
Give me your thoughts bellow!!
Is the Bitcoin top in?
So here we have what is essentially a naked chart of the BLX on the weekly with only the BEAM BANDS & STEVES HEATWORM for indicators. I'm not sure if the Bitcoin will hit the top of the beam bands but I don't think the top is in. I will add the longer the bull run lasts, the better the chance for the top of the beam bands to be hit. If you notice a sell signal has yet to be printed, but where will it print?
What do you think is a likely scenario? Please comment below.