btc 4-5 update ~good afternoon o/
someone brought up this idea to me last night, and after further looking into it there's a compelling case to be made.
triangles are very prevalent in wave 4 corrections, and that's precisely what we're in on a lesser degree.
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the bullish invalidation on this triangle sits at yesterdays low of (45050.0).
can't go below this level, not even by a penny if this is going to play out as projected on my chart.
the textbook upside target sits at $51,113.50, but an expansion to 53k is expected.
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Wave 5 target = $51,113.50
Xbtusdt
btc 4-4 update ~good afternoon o/
i think we're in a complex corrective phase up here,
shaking out some longs before it launches :^).
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got a feeling this local b wave is playing out as an expanded flat
once the expanded flat is completed, we will raid the lows one more time before the spring phase comes.
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bullish invalidation = 44,202 (can't break this level)
target = 51~53k
Bitcoin Macro Count.Good afternoon ladies and gentlemen.
As per a special request, I've decided to share my updated macro count on Bitcoin.
This dates back a few years, and I've tried to include all of the details into one picture, without over-saturating the chart.
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This is my primary outlook, the one that I give the highest level of probability to.
Similar to what the Spx500 is currently doing, I think they're both going to pivot to the downside around the same time \ Bottom out mid summer (near the end of July).
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Wave X target = $53~59k
Wave Y target = $24~20k
Wave 5 target = $136~200k.
btc 4-2 update good afternoon,
got a little update to the original projection from a few days ago.
bit of a change to the count in this lower range, check it out 👇
potentially playing out a complex wxy of a higher degree (same as the original idea, but with a twist).
it's possible we've got a 3(abcde)3 on our hands .
which would imply more complexion before it completes.
but would also imply a higher upside target than originally projected.
potentially as high as 55k.
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i've got three projections on my chart here.
path #1 (green) {primary} plays out as an expanded flat, coming up to 48.5k---> dipping down to the low 40k range, before the big move to 53~55k
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path #2 (yellow)
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path #3 (red)
Bitcoin (BTC) - March 31Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Primary resistance: around 54825.02
Secondary resistance: 60383.36-63162.53
1st support: around 38150.02
Strong support section: 27033.35-29812.52
(1D Chart) - Short-Term and Swing Perspectives
Primary resistance: around 49266.69
Secondary resistance: around 54825.02
1st support: 45135.66-46827.76
Second support: around 42373.73
The 46487.52-49266.69 interval is the interval that determines the trend.
So, which direction you deviate from is important.
As the highs (46827.76, 49152.47) are included, support and resistance are expected to be strong as they move out of this range.
The keypoints are 45135.66, 49152.47.
(buying)
- After confirming the support at the 46487.52 point
- After confirming the support at the 49266.69 point
(Stop Loss)
- When it falls below 45135.66 and receives resistance
- When it falls below 42373.73 and receives resistance
(Sell)
- 54825.02 is a psychological resistance section when receiving resistance
- When receiving resistance in the section 60383.36-63162.53
In the wRSI_SR indicator, when the RS line starts to fall below 80, it is necessary to check where the price is supported.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Btc 3-27 update 🐻Good evening ladies, gentlemen, moon bois & girls.
I've got a special one tonight.
---
A few days ago I talked about 47,777 being a local top - and we saw a pretty decent rejection from this level-
though, i don't think it's the top quite yet.
i think we've got 1 more leg to the upside before the next phase of the bear cycle begins.
I'm watching for a local retracement to back-test the recent highs( for sub-wave 4 ), before the final move up to around 51~53k( to put in sub-wave 5 of wave y of wave X of the higher degree. )
53k should in theory mark a significant top in the current market + give us a strong reversal to roughly 22k by July.
July 25th to be more precise.
Once this larger correction is completed, I do believe Bitcoin makes a run to 130k to complete the larger count.
98% of this market is bullish right now, but the wave structure does not fit the narrative of anything more than a bull trap.
watch for the final flush, before the real bullish move comes.
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Wave X Target = 51~53k
Wave Y Target = 22k.
Wave 5 target = 130k.
💰💰
btc 3-25 update ~good afternoon, happy friday o/
have a little update.
based on the price action from this week leading into today, i have to toss my triangle idea out the window.
we've come quite close to invalidating it anyways, and i have a very strong feeling it's gonna get cut.
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what i'm proposing here, is a very complex b wave which takes the form of a bunch of smaller threes.
good chance it makes it all the way up to 53k (0.65% retracement of the entire drop from the 68k top)
but there's a high probability we either sweep the lows of this general area, or come real close to doing so before it launches.
count is in a rough draft for now, will update it when we begin the descension.
btc 3-21 update ~good afternoon peoples ~
i got a feeling we're going to see a continuation of the mini alt season that's currently at play,
alts should in theory continue to run until around april 1st.
april 1-2, i think we see a significant pivot to the downside,
and i think crypto bottoms out by mid june in the 19~24k range.
this area is in confluence with the 55monthly ema \\ 200 weekly ma.
historically speaking, btc has tested these two moving averages in every single cycle before the next bull run begun.
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ps. not going to share a chart on this one, but watch ape\usdt, i think it runs 100% from current levels.
keep a decent sized stop if you play, and don't forget to take profit ;).
💰
Bitcoin Analyze (Short Term, Timeframe 15min)!!!Bitcoin is completing its Double Three Correction by Expanding Triangle, the target of Point E of the triangle can :
🎯Target 1🎯: 41580$ until 41130$
🎯Target 2🎯: 45270$ until 43360$
Bitcoin Analyze ( BTCUSDT ) Timeframe 15min⏰
🟢Support Zone: 37000$ until 36600$ = Cluster of Fibs + Important Support Line
🔴Heavy Resistance Zone: 45270$ until 43360 = Resistance Lines + Cluster of Fibs
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
btc 3-17 update~good afternoon,
been on the sidelines last week or so just observing price action, and allowing the market to show me what it actually wants.
i think i've got a pretty solid case to make from here.
so long as btc stays below 42698.0, a 20% drop is expected
if it breaks above 42698.0, a short squeeze will be triggered, and will invalidate my idea entirely.
i think btc stays flat for the most part, until around sunday evening
on sunday we see 1 final spike up, and this move will be for shorting with a hard stop $1 above $42698.0.
alts might run through the weekend while btc stalls out \ btc.d declines.
downside target sits at 31k before anymore longs can be safely taken.
✌
Bitcoin Analyze (Short Term, Timeframe 15min)!!!Bitcoin was able to complete its Double Three Correction in about 4 days , while this Correction made the microwave B of the main Correction.
Since Triple Threes are very rare compared to Double Threes , I believe that Bitcoin has started the microwave C .
Bitcoin Analyze ( BTCUSDT ) Timeframe 15min ⏰
🟢 Support Zone : 37000 $ until 36600$ = Cluster of Fibs + Important Support Line
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
20k.good morning,
after further observing price action over these last few days, something doesn't feel right.
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was browsing through a ton of peoples ideas, and everyone seems to have arrows pointing upwards.
people are under the impression that we're in a phase of accumulation, similar to last summer - so i have to make a bearish argument against the majority.
i believe btc is playing out a massive wyckoff distribution phase
i think we're in phase D right now, which marks a massive sign of weakness in the market.
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btc continues to backtest the 21 monthly ema for the third month in a row, with no real signs of strength.
the last time this happened was in 2018, and we all know what followed after.
a support can only hold for so long before it breaks,
and the next support sits in the low 20k range.
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to conclude, i think btc will see a sharp 50% decline over the next few months to flush out the last of the moonbois.
only then will we run to 200k.
i remain to be:
short term bearish
midterm bearish
long term very bullish.
ps. if it comes back up to the top of my local triangle, i'll short it.
cash till then.
✌
btc 3-14 update ~good evening,
crypto has been in quite the funk lately,
my only explanation for this sort of price action is we're in a triangle.
technically a triangle within a triangle.
double the chop, double the accumulation.
---
i do believe the local abcde has been completed into wave B or wave X,
and now we're in the midst of the early stages of beginning wave C\Y.
bullish invalidation is quite tight, right at 37.1k
a break below this level will put us into something a tad more complex; will talk more about it if it was to happen.
C\Y target = 52k.
BITCOIN - Be preparedThe first correction that happened in May 2021 marked the first ABC of this correction sequence.
Intermediate Wave (W) consists of a subwave WXY. Wave Y consists of another WXY pattern (which explains the insane choppiness of price action from May 19,2021 - July 20, 2021)
Intermediate Wave (X) is pretty straight forward and consist of a ZigZag ABC pattern
Intermediate Wave (Y) is where it gets scary. We have an impulse wave (12345) followed by an abc followed by another impulse wave down.... not done yet
This could have marked the final corrective wave BUT the nature of recent price action makes me think otherwise.
As shown in what may be a possible triangle, this may be the wave x out of (wxy) - meaning we may see one more leg down to finalize this correction
Currently, I have the bottom projected at around 26-29K. Sounds insane but thats what this markets been. Insanity.
Expect the unexpected.
Bitcoin Analyze (Similar Movements ❗️❓)⚖️In this post, I tried to use from Pi Cycle Top Indicator for finding similar movements between two cycles, First cycle:2013-2014-2015 , Second cycle : 2020_2021_2022 .
🔅 Indicator Overview 🔅
The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days.
It uses the 111-day moving average (111DMA) and a newly created multiple of the 350-day moving average, the 350DMA x 2.
Note: The multiple is of the price values of the 350DMA not the number of days.
For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.
It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.
🔴I was able to find 5 similar movements between two periods and according to my counting waves (My previous posts), I think that the sixth movement at cycle 2 will happen like cycle 1 .
What is your idea about these movements ❗️❓
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze (Symmetrical Triangle)❗️❓🧐It seems Bitcoin wants to make a Symmetrical Triangle . Also, it was able to find the points A-B-C of the triangle.
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰ (Log Scale)
Point D of the Triangle can be around 35000$ , and if Bitcoin breaks the Important Support Line , my scenario will be changing. Still, I expect that Bitcoin will go up again from 35000$ , and then the Point E of Triangle will be a critical point for us.
🔴 Resistance Zones 🔴 & 🟢 Support Zones 🟢 that we have in front of Bitcoin.
🔴 Resistance zone on Bitcoin's way:
🔴 Resistance zone : 50830$ until 49400$ (Resistance + Cluster of Fibs+ SMA200 (TF Daily))
🔴 Heavy Resistance zone : 46020$ until 43100$ (Resistance + Cluster of Fibs + SMA100 (TF Daily))
🔴 Resistance zone : 40220$ until 39400$ (Resistance + Cluster of Fibs+ SMA50 (TF Daily))
🟢 Support zone on Bitcoin's way:
🟢 Support zone : Around 35000$ (Support+ Important Support Line,)
🟢 Heavy Support zone : 30650$ until 29200$ (Support + Cluster of Fibs)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
btc 3-10 update ~good afternoon ~
after further observation of the price action we've had for weeks, and a deeper look into dozens of other charts - i have to lean extremely bullish going forward.
I think btc is in somewhat of an accumulation phase down here.
I'm going to make a little video later today to discuss this in more detail, but overall - i think once this little triangle is completed, we're going to run to around 60k; potentially into april\may.
"The wicked triangle" - update.Hello o/
here's a bullish proposition.
back in november i turned bearish
via:
and we've come a really long way since then.
so i'm going to go ahead and make my bullish prediction as of right now.
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this is an update to the wicked triangle case that i shared awhile back
via:
basically implying that we're in a larger accumulation phase on a weekly timeframe, which had begun way back in april of 2021.
this scenario basically suggests that once this larger abcde is completed, it will put a larger wave 4 in place
followed by a parabolic move to the upside which takes us well over 100k to finish that larger wave 5 we've all been waiting on so eagerly.
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it isn't going to happen overnight, triangles are slow and boring, and make people lose hope
but i'm here to say
don't give up right before the move.
🥂
A new cycle has been born for bitcoin and 100k-120k coming soonWe have new cycle in 5th mar 2022 that will made the price fly high to make the top in 100-120k and i think we will make the top in jul 2022 so we have 4 month from here to make a nice bull wave with nice profit.
Don’t forget keep your eyes on the top 50 coins in the market it will make 1000-2000% from here in a short time.
btc 3-9 update ~good evening,
i mentioned in my last update that we'd see a short squeeze if the previous high was breached
and a short squeeze we got.
despite the little squeeze, 'm still looking for 35k in the week ahead.
watch the local golden zone for a potential entry tomorrow.
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there's an alternative path as well, which takes us up to 50k.
it is a lot less probable than the bear projection, but keep it in mind just in case.
stop losses, always.
✌
btc 3-8 updategood afternoon,
btc seems to be playing out an expanding diagonal as of right now
currently in a wave e (in theory)
wave E invalidation sits at 39536.0, if this level is breached - we will see a short squeeze to the upside.
so long as this level is not breached, we should see follow through to the downside from here to anywhere between 35~34k.
btc 3-7 update ~morning,
the idea i shared last night seems to be at play.
looks like we're playing out a wave b of that D wave right now through an expanded flat.
might go as high as 40k, before dropping further into wave c to about 34k.
once this move is completed, i do expect a move up to complete the triangle into wave E before a deeper draw down.