We just hit the bottom target (violet line) that I drew on January 5th. Although 200$ lower than expected. Sorry for the unprecision. Soon a second touch should confirm. Next target is 60% higher. Easy and comfortable 15x long. Less comfortable but possible 30x long. Trading is waiting. Crypto market is fine. We should worry about the sp500 and the US...
I haven't shared ideas in a long time. Meanwhile Bitcoin printed a second top which pretty much contradicted my initial plan. Trying to integrate that important event, I am now in favor of a continuation of the upward momentum 75% Drawing a new structure, coiling up and finding support on the bottom line of the logarithmic curve. If it plays that way longing the...
As I called for the imminent drop four days ago with target at 36000, the drop happened and reached much lower levels. Printing a new lower low on the macro. The dumb money is now trapped. That's only the beginning. ** Waking up in the morning ** - My portfolio is -50% - I want my money back. - It's not even worth selling at these prices. - I'm hoping and...
Fourth or fifth successive confirmation since the top... the structure is falling. It's too late to reverse. You can not sustain such a structure with so many weaknesses. It is bound to fall. Experiences market traders sold and left the market one month ago. Only the dumb money is now left in this. And it's one big amount of money. Psychological...
We can expect a rebound right below current price in the 44k area. Structural support (violet line), logarithmic curve (white line). Rebound to 52500. Then short it to the ground. There is a chance we slice through the support directly and fall to 36000 without a bounce. However I'm in favor of the rebound scenario. Expect everything. Be glad to be 3 moves...
As I've set an Initial bottom target in the 25000 area. In my private group. ibb.co As I sniped the top once again. Publicly on TW. As I'm better than 99% of people in this market. Including all the best, most respected analysts. Who showed unfathomable levels of stupidity. Today May 14th 2021, with BTC currently still at 50k, I would like to re affirm my...
The macro BTC Genesis support/resistance line that is being tested and retested since 2011 is right above current price level at 95k. That would be the strongest argument in favor of the bulls from a technical perspective. As this trend line has been the backbone of BTC since 10 years. The last segment of Bitcoin bull markets are typically the most explosive and...
Big structural weakness. The signal can't be clearer... Please take a moment and look at the crowd on Twitter ignoring the dump and looking for the next 100x coin. Some in the crypto market since before 2017. Unforgivable stupidity. Just two of them for the example OTC_Bitcoin : Always wrong on the macro since January 2018. Then will delete compromising tweets...
If you doubt about my flair. Check the only published idea I made before that one. Possibility for a last leg up. However I smell Napalm.
Bitcoin macro is drawing a falling broadening wedge. This pattern illustrate how the bulls resilience gradually weaken and capitulate as panic increase. This is how we could start a race to the bottom. Or not. But the risk isn't trivial. Could be as fast as a couple weeks.