W-TOP
Is Bitcoin Top In?!? 2017 is telling us some secretsThis is a possible scenario.
I enjoy seeing patterns play out over time. I think that the top might be in and we can compare our current position to the same spot in 2018.
I used the bars pattern tool to copy the exact price action from the first wave down after the 2017 top, then pasted it to our current position.
I find it interesting that it even lines up well with my fib retracements of this local swing.
What do you think?
Is the top in?
Seller Re Entry at Fresh Top Candle Zone?Current seller makes Bearish Pinbar. And seems like this is the first seller trial, showing signal of possible seller getting more supply to make downtrend. Sign of H1 Bearish Pinbar and fresh Top candle supply zone, more likely I will sell entry starting from High price of Bearish Pinbar. For this pattern on H1, I will safe exit at starting of demand zone of bottom candle.
"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!""
P2T (Price To Time) Model - Published 8th January 2021My P2T Model was adjusted on the 24th January 2021 from $200k to $283k because of recent onchain analysis on scarcity and demand. The timing base philosophy remains the same: equal rectangle width on rectangles of the same halving (pre and post halving).
Why btc dump isn't over yetVolatility on the weekly has expanded considerably, which coupled with a red week(which we currently have) marks local tops, I expect further downside to 30k, and if it doesn't double bottom, expecting the previous orderblock at 22 to 24k to hit. Btc also tends to backtest the last weekly ath after breaking it, which currently is at 19-20k.
If it indeed plays out like this the dump will probably be over by january 20-25, and expect the uptrend to resume and gradually pump to 41k and then an explosive move up.
If instead it consolidates at 30-36k for the next few days it will probably not dump. The safe play is to wait out the storm. But current market conditions offer great day trades. This idea is invalidated if there's continued movement above 38k.
Tesla : Closing in on the topWave 5 got much higher than i expected but remains in a final push higher. Going down to the 15 min chart, price seems ready to top this week. Looking at the fibonacci levels starting at the end of the triangle, wave III was around 261.8% of wave I. wave V will most likely be around 161.8% of wave I which would put the top around 960 but can't rule out a touch of the round number 1000.
Good luck to all !