BTC SHORTterm-BTC
Bulls are printing and bears getting rekt.
here is my ST view, BTC expandend flat:
we are now in a small wave 3, going for 4->5 ( dark yellow)
after that the bigger wave 3 is finished and we can retrace to 4 then 5 (bright yellow)
When this is finished we make new lows for btc.
*info not in the charts
/we have not hit the real bottem yet/
retail is buying like crazy while the whales keep dumping.
When retail gives up and starts selling + the 10k btc whales start selling then
at this moment the 1k btc whales will start to buy all the btc and then the real bottem is in.
Goodluck hope this helps you!
Bottem
Bottem formation scenario BTCHi @everyone,
In this post we compared the ADA previous bearmarket fractals with the current BTC bearmarket.
Incase BTC has already bottemed out we could trade this scenario.
We shared the acending bottemformation scenario already in a previous post, for more details check this post.
Regards,
Team Quantistic
DYDX vs ADA bottem formation
Wyckoff accumulation
In this chart you see how the previous cycle bottem formation look liked, we compared ADA (previous cycle bottem) VS DYDX (currently)
However previous cycle bottem formation took longer (sideways ) then currently, the pattern is still the same.
If this scenario will play out, we have a bullish Q1 2023.
"The Two Ways I See This Party Poppin Off"I feel what most are likely feeling we are on the edge of this thing goin gang busters. Up or down? Just trust that this thing will be quite the ride. Sooo I guess what I am saying is make sure you pack your lunch. LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
ONE FINAL DUMP FOR BITCOIN! NEXT TO THE MOON?! BTC/USDTHE QUESTION EVERYONE IS ASKING, HAVE WE REACHED THE BOTTOM YES OR NO?
IN MY OPINION THIS IS STILL NOT ACHIEVED. HERE'S WHY;
CME-GAP: ALTHOUGH WE HAVE ALREADY TOUCHED THE CME-GAP, BUT IT IS NOT FILLED YET. IT WILL LIKELY BE FILLED, IN THE NEXT HOURS / DAYS.
DAYLY RSI NOT YET IN OVERSOLD AREA: WHEN WE LOOK AT THE PAST WE CAN NOTICE EVERYTIME WHEN WE HAVE EXTREME DOWNWARD PRICE ACTION THE PRICE BOTTOMED OUT AND TURNED WHEN WE HAVE REACHED THE OVERSOLD AREA ON THE RSI.
SUPPORT ZONE AROUND $10100 TO $10500: WE ARE CURRENTLY MOVING INTO THE MAJOR ZONE FROM $10100 TO $10500. HOWEVER THIS IS NOT BEEN BROKEN YET, IT LOOKS LIKE IT WILL BREAK. SIMPLY BECAUSE WE ARE CONTINUOUSLY TESTING THE BOTTOM LINE OF THE ZONE. AND THE MORE A ZONE IS TESTED, THE GREATER THE CHANCE THAT IT WILL BREAK.
MAJOR TREND LINE: IT LOOKS LIKE WE ARE MOVING TOWARDS THE MAJOR BLUE TREND LINE, THIS TREND LINE IS ALREADY ACTIVE SINCE THE 2019 DUMP. EVER SINCE, IT HAS SHOWN IMPORTANT SUPPORT. AS LONG AS WE STAY ABOVE THIS LINE IT IS STILL BULLISH IN MY OPINION.
We might see a double bottemBTC currently holding on to 9,9k support, which probaly wont hold for long.
A 1000 point correction would be in place.
Will be looking for entry around 8,8k - 9,2k.
Also notice volume has been declining since june 24 on the daily chart and is currently pretty low.
One more leg down to create a double bottem and hopefully alot of volume will come, this could give us strength to continue the upwards rally.