DEJA VU #bitcoin $btcTimescale Fibonacci helps you not only map by and see levels on the y axis, but also on the x-axis. Time cannot be ignored.
The similarities so far are uncanny. 0.382 fib was the approximate top, previous cycle and this.
This cycle BTC topped first on the 0.25 fib. Then the final higher-high of ~69,000$ on the 0.382 ..
Bitcoin also bottomed out around the 0.618 level..
The price action is rather similar to the previous cycle..
Breakdown, to accumulation, to fast fomo rally, into an ascending channel (not a flag), before another push higer, aka, the "echo bubble"...,
Dejavu
Did you see that?A déjà vu is usually a glitch in the flow.
It happens when they change something.
Oh My God
Let's Go
They cut the Sell Side, it's a trap, get out!
Oh No...
** Short seller margin calls ring **
Oh, That's what they changed.
We're trapped short, there's no way out!
Be calm, give me your crypto key.
They'll be able to track it.
We have no choice
== Operator (Zero Hedge) ==
ZeroHedge, Find a crisis, find it fast.
Got it.
SI is collapsing, bitcoin is down hard. Should sell tech..
== Dealers ==
SPX. 4015. They are short 4015s
Bring TLT with you, 50% retracement, squeeze em out.
✨ The Dejavu Effect ✨What is Dejavu?
Dejavu is a term used to describe a feeling that one has lived through the present situation before.
How does this tie in with the markets?
Technical analysis is based on patterns repeating itself over and over again. Technical analysts believe past trading activity and price action can be valuable indicators to future price movement.
How can we prepare ourselves?
Some of the ways we can prepare ourselves is by doing the following:
- Learning patterns that reoccur over and over again such as bull flags, wedges etc.
- Identifying candlestick formations and understand what they mean e.g. shooting star candles means there’s a possible trend reversal from bullish to bearish
- Learning to identify structure levels where price can react in the future
- Understanding fibonacci and learning how to use it effectively.
[Once we’ve identified a possible market dejavu moment, what next?
Following identification, the next step is confirming whether this is in fact a similar move to historic price movements. The types of confirmations that can be used are the following:
- Trendline breakout
- Fibonacci rejection
- Lower timeframe patterns
- Moving average strategies
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EURUSD - The Dejavu Effect
1. Bullish Correction. We identified a falling wedge which resulted in price moving higher.
2. Bear Correction. The bullish move was short lived with a bearish correction which resulted in…
3. Three Wave Falling Wedge. This falling wedge pushed price up to the double top region.
4. Ascending Correction. The move up to the double top could be monitored using an ascending trend line to monitor the correction.
5. Minor drop. Once price broke down, we had a minor drop.
6. Major drop. After another small correction we had a major drop.
Notice how we didn’t specify whether we were talking about the Blue phase or Red red phase… Dejavu.
A Deja-Vu Move for BTC!It has been a long time since my last post here and today I have decided to share this BTC idea with all of you.
Before you jump to conclusion, I will like to point out that these moves are not an ABC nor Elliot Wave.
I just wanted to point out the BTC moves so far, and for me it looks something like : BTC in a mirror in slow mottion or like I mention in the tittle : BTC Deja-Vu !!!
I can't wait to see how this is going to play out for BTC!
Buy, Sell or Wait it's up to you and only you!! Stay safe and happy trading!