"the bear case"hello there, thought i'd share the bear case - just in case there was any bears out there hoping for lower prices (lol)
i'm not on either side, just a guy who plays a violin on the titanic. make money going up, down and sideways - so wherever it goes, is where you will find me.
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firstly, we must break above 43806.53 to invalidate the bear case.
if we don't break above this region, you can anticipate more trickery in the days ahead.
this particular case takes into consideration the potential of a fifth wave which has yet to play out
it would basically be an expanded fifth wave, and has a lot less probability of taking place than the current bull case.
downside target for the fifth wave would be closer to 36k, and it could take another month+ to play out \\ what you see drawn on my chart is just a road map of algo targets - time is not accounted into this particular case.
ps. i'm long from the bottom of the range, and short from the top of the range - stops at either invalidation point. whichever way it goes, i win regardless.
✌
Xbtusdt
a slight deviation ~good evening -
looks like we are taking a slight turn to the expected scenario, and are playing out what i had originally anticipated via 👇
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the pull back that follows in the days ahead will determine the outcome of the next big move.
if it moves down in 3 waves to the bottom of the local range, then it's an easy long
if it takes out the lows in a 5 wave impulse, then watch out ;).
i'm open to any outcome; out here scalping longs and shorts all day - just happy this thing started moving again.
january 17th is a significant night in the markets, and i feel it rhymes well with what i have shown here.
best of luck!
weekly algo buy triggered.hello hello,
just wanted to share something on this fine day
btc is flashing a weekly algorithmic buy signal today
for the 4th time in history
i outlined the last 3 times it flashed (not counting the covid crash, as that was a unique scenario).
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what does this mean?
well, it just means the weekly algos are ready to start marking up the price again.
can we see more downside?
yes.
how high are we going to go?
time will tell.
ps. if you are a bear, don't be a bear.
long liquidations pending ⏳⏲good evening ~
little update to my l.d post (find it near the bottom of this text)
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i think we're playing out an expanded flat for this wave 2
have a feeling we're going to raid the local highs, as well as the local lows before beginning the ascension to 50k+
ps. this is only an idea, nothing is certain in these markets; trade with much caution.
ps2. a lot of longs will likely get liquidated if this scenario plays out, so do expect a face ripping dip in the days ahead (so long as it doesn't take out the lows of this range at 39651.0, we are game for a pretty big move up once the liquidation event is completed).
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"the bearish death cross"@Memetocene just pointed out something very important on the chart that i completely overlooked - big thanks.
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we have confirmed a bearish death cross between the 55\200ema on the daily today.
here's a couple other times it happened ~
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so here's my take on this.
if you're taking longs - make sure you have a strategic exit plan. while the short term trend might be up, it could break at any given moment, and send bitcorn back into the depths.
personally, i'm a short term trader; most of my trades are scalps, and i'm almost always sitting in cash.
ps. i do think we're going to at the minimum backtest the 200ema on the daily before the next big leg down - and i have a very valid count that takes us up there via my recent updates- and videos.
1 more leggood evening,
looks like we've got one more leg to go in this five wave impulse.
at first glance it looked like a leading diagonal that completed this morning, but after further examination of the wave structure it looks like we've got one more higher high to be made before we see a larger dip into wave (2) of a higher degree.
this move up will confirm a bullish reversal in my eyes, at least in the short term, and i do think after that wave (2) dip we make our way back up to 50k at the bare minimum - possibly a lot higher.
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targeting 45k for the fifth wave to complete wave (1) of a higher degree.
💸
it's not that i'm bearish...it's just that if the market shows to me that it wants lower prices, then i simply trade in the corresponding direction.
i have 0 bias towards this market, and absolutely no emotion toward it either.
when it trends up, i'm happily longer than most
and when it trend down, i'm that guy cheering it on to go deeper.
the lower it goes
the better prices we get
the bigger the bounce we will see
the more smiles on the people around us there shall be.
looking for 31k as the absolute bottom, before we begin a larger ascension.
no hard feelings toward the bull bros.
✌
bitcorn is close to a bottom ~good evening peoples -
thought i'd share my primary micro-wave count tonight.
i do think we are nearing a local bottom (closer to the 17~18th of january)
what happens from there is absolutely up for debate, but i do think we'll see a larger bounce once 37k algo target is met.
most likely it'll be a move up to 48~50k before further capitulation to the downside, but anything is possible.
there's a lot of very nice scenarios that exist out there, both bearish and bullish - and nobody knows which is "the one".
i'll be taking a full sized long closer to the night of the full moon, and i'll ride it up until bitcorn decides to break.
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"to da moon and never back"Good morning,
I have waited awhile to make this post, and i'm finally ready to release it.
This is an update to my previous prediction when we were near the peak of the November move via 👇
Have done a video on this exact count awhile back nicknamed "The Genesis Count" talking about my reasoning behind all of these targets in very much depth.
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In this idea, I am portraying what is called a "running flat".
-A running flat is a very bullish move in the market which generally appears in a wave 4, but could appear in other moves as well (it is counted as a 3-3-5, and never anything else).
What we've been playing out since February of 2022 has been some sort of flat corrective phase of a higher degree, and it wasn't until earlier this week that we've confirmed it was a running flat.
This is also why Bitcoins moves haven't been clean, but rather very choppy\corrective and low volume by nature.
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I am projecting a bottom closer to 37.5k by 1\17\22, which will mark the day of the "Wolves Full Moon" ; it happens once a year and is a very bullish signal in our markets.
The bottom could very well have been put in yesterday, but something tells me we are going to see one final capitulatory event before beginning 𝑻𝒉𝒆 𝑨𝒆𝒔𝒄𝒆𝒏𝒔𝒊𝒐𝒏.
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Wave 4 target = $37,500
Wave 5 target = $151,000
are you scared?cause i'm not.
super long from here.
this is an update to 👇
my target remains the same
so long as we hold the local low until morning time, i do think we see a massive spring in the days ahead.
if it breaks, i do expect 37~38k to be the bottom.
this isn't financial advice, just the words of a guy who plays a violin on the titanic.
✌
btc 12-27 update~ (🐂 trap)good evening humans,
i didn't plan on doing anymore updates in 2021, but i felt like bringing you one more potential scenario.
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i do still think that we're in a fairly large correction that is going to take many more months to play out,
we will most likely see a lot more chop in both directions,
and i do believe we'll make it down to the low 30k range overtime (within the next 6 months).
though, predicting the path we take to get down there will be the real challenge.
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i'm going to do a video on this tomorrow morning, but long story short -
if btc doesn't take out the local lows on this next drop, then i do think we're just playing out an even more complex corrective phase that could potentially take a year to play out (maybe even longer).
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for this particular scenario, i'm looking for a rejection from 51.3~51.5
followed by a little drop to anywhere between 45~42k.
depending on the wave structure, we'll be able to have a more definitive downside target once it begins.
once that downside target is realized, if this is indeed the path we're destined to take, then i think we make an impulsive move to about 57~60k for yet again another bull trap.
🎯
btc scenario #2in this scenario i look at the market from the perspective of a bunch of 3's
(i have talked about this perspective extensively in my videos, and i'm not going to get too deep into it here. feel free to check out the videos if this is something that interests you.)
basically a complex corrective phase which would last another year or so
it would look and feel very much like the last few months, where we range - chop around - fake out to both sides, then dump it. (complex distribution phase)
this scenario seems less likely than the first, but i thought i'd post it just in case.
you can view the primary scenario via here 👇
btc scenario #1in this scenario i look at this wave count from the perspective of 5 waves from the very peak of 68k
talked about this in depth via 👇
this scenario basically portays a larger running flat playing out which had begun way back in march of 2021.
wave 5 target would sit nicely at 37k, and the would mark the very bottom of this larger wave (4) corrective phase.
from there we should in theory begin the ascension to 130~200k.
"Finish him" 💥"Fatality is the name given to a gameplay feature in the Mortal Kombat series of fighting video games, in which the victor of the final round in a match inflicts a brutal and gruesome finishing move onto their defeated opponent."
A lot of longs are trapped in this local area after the recent events which led us to this day.
Market maker might give them one last chance to get out before the finishing move.
There's also a chance they won't, so expect the unexpected.
The last drop usually inflicts the most amount of damage toward unexpected participants.
From where I'm come from,
we call this last move
a fatality.
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My down side target sits at 38k by 1\17\22.
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Be safe out there peoples o/
btc 12-31 update 💸good morning,
this will be my last public (daily) update on btc. i'll no longer be posting my daily analysis on here.
if you are interested in seeing my hour-to-hour \\ day-to-day analysis on btc, you can join our trading room.
ps. going forward i'll only post bi-weekly updates on btc publicly.
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i did a video last night talking about the scenario where we drop 23% from current levels to complete the fifth wave of the larger impulse - expect it if it comes.
possible the dip stops anywhere between 43~44k for this final leg before the mean retracement comes.
i still believe we're in a larger correction which will take a few more months to play out, and there will be volatility in both directions.
if you're ready for it though, you can easily capitalize on all of these moves ;).
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it's been a beautiful journey in 2021,
best of luck in this new year peoples
wish you all eternal prosperity, peace, health & love ♥
✌
Bitcoin Analyze (Road Map_Short Term)!!!🗺️ (Update)Hi, what is the next movement of Bitcoin ? If you want to know about it, please read this post.
I don't know that did you read my previous posts about Bitcoin analysis or not !? if YES , please read this post, if NO , first please read my post with the topic '' Bitcoin Analyze (Road Map)!!! 🗺️''.
Bitcoin Analyze ( BTCUSDT) Timeframe 4h ⏰ ( Log Scale )
Location 🌊: Bitcoin is playing on a double three corrections = The structure of microwave 2 of the main wave C .
The structure of waves of double three corrections : wave W = Zigzag , wave X = Triangle , wave Y = Ending Diagonal
Live : Bitcoin is running in Ending Diagonal ( Wave Y of double three corrections ).
The end of wave Y 🎯Target🎯:
🎯 Target 1 🎯: 53000$_51920$
🎯 Target 2 🎯: 57080$_55620$
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 12-29 update (critical point) 💥good evening,
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btc is at a critical point here,
and a decision will be made within the next 12 hours.
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>if our local golden zone holds (at 44.6k)
>then i'm expecting another retest of 52k,
>which will catch all of these silly pema bears off guard.
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>failure to hold the local golden zone,
>and the grim reaper comes to town.
i talked about the grim reaper scenario via 👇
both scenarios are equally possible,
expect the unexpected,
and be smart in either direction.
✌
"Market Makers Footprint".Market maker always leaves a footprint in the markets,
this is one of the most classical ones
I call this one "The Wyckoff".
Dow Jones fractal from 2011.
Almost identical to the one we're dealing with for Bitcoin today.
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On this day, based on on-chain data analysis,
retail investors have lost complete interest in bitcoin.
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"When the last guy sells, is when we start to move up".
>don't be the last guy.
"99% of the market is wrong 99% of the time".
>don't be the 99%
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There's a story from the 1930's that goes a little like:
During one of the biggest bull runs in history; a rich man goes to get his shoes shined,
the poor man shining his shoes looks up to him and says "wow i am finally making so much money in the stock market".
later that day the rich man goes home and sells all of his shares - causing the biggest stock market crash in history.
-The moral of this story is, retail investors have always been the leading indicator in our markets.
>When retail is euphoric and think things will go up forever, that is when the wealthy sell.
>When retail finally gives up, are all about doom and gloom, and think the markets will never go back up - that is when the wealthy buy.
👇
We're just about at that turning point.
btc 12-28 update (🐻 trap?)good morning ~
got a slightly different angle today.
i'm feeling kinda bullish with this overnight price action
could very well be wrong about it, but there's something i'm seeing this morning that just makes me want to take a really big long, and not look back.
july-kinda vibe.
i've been talking about 30k for awhile now, and i'm just about ready to retire that idea just based on the chart formation across everything in the crypto eco-system, especially the total crypto market cap.
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in this local area, it looks like we've formed somewhat of a leading diagonal \ an expanded flat to create an unorthodox top yesterday.
if i'm right about this ld, then my upside target from here sits at 60k.
conservatively, look for 55k.
the reaction from 55k will dictate where we go next,
so that's when my next update comes.
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i'm very long here.
💸
"Don't shoot the messenger".My last post in 2021.
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I've discussed this flat scenario in depth for quite awhile now (view my genesis video for more context).
Believe me, or don't - this is my primary, and the one i've been trading ever since we topped out at the local peak in the upper 60k region recently.
If you've been following along, you've seen my call outs - day after day.
This one is no different.
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>December 24~25th, Bitcoin will top out in the mid 52k region.
>It will then fall to $36k to complete this larger Wave 4 correction.
>This will satisfy a time balance between the Primary Wave 2 which played out as a Simple Zig-Zag , as well as this primary Wave 4 which is playing out as a Running Flat .
>Once this time balance has been met, we can then begin the final ascension to complete an even larger Wave (3) which will have taken just over 11 years to complete (if it tops out near the end of 2022).
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Primary Wave 4 target = $36k.
Primary Wave 5 target = $151k.
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Ps. The majority of the world are going to give back all of the profits they've made over the last few years between now and the beginning of January. They will then be too afraid to buy back into crypto as it'll feel like the end of the world.
>that is when market maker and i become buyers.
Consider this chart my gift to you all,
Happy holidays ♥.