DeeGee84

DeeGee84

Idea 1 - we could see a push up to the 63-68k levels before having our major correction back down to the 21 weekly around the end of March beginning of April with Buy Zones being between 38.5-43.5k before heading higher. Idea 2 - we could see a push up to the 63-68k levels before having a short term market cycle that last anywhere from 5 - 10 months before...

DeeGee84

Looks like BTC is about to make make an explosive move.

DeeGee84

TP Target 1.20 - 1.24 Little divergence has to play out on the hourly then its moon time.

DeeGee84

Thoughts?

DeeGee84

Thoughts?

DeeGee84

Looks like we'll continue down over the next 2 weeks at the very least (possibly 3wks) until we meet the 21 weekly EMA around the 26.5k level which it should reach somewhere between Feb-14 and Feb 22.This should also reset the RSI to 60, after that it should be off to the next leg of the cycle to a 64k target.

DeeGee84

(Using the BraveNewCoin Liquid Index for Bitcoin (BLX) on a Monthly time frame - log scale) Are we in a Massive Macro Elliott Wave that started back during our first bull market in 2010? If so are we seeing an ABC formation and will it be a Flat ABC formation that takes us back down to the bottom of our bear market of 2018? Or A Zig-Zag ABC formation that...

DeeGee84

I had 3 patterns mapped out for each scenario (short, mid and long term) Each of these patterns have now been invalidated because the price action has broken structure on them. All support levels within these patterns are busted as are the trend lines. My previous calls for 8.5k are still valid.

DeeGee84 Updated 

We set a new Higher Low which leads me to believe that my previous published chart comment about the inverse head and shoulder might actually be wrong. If we break 12k and have a candle close above that range then I'll change my short term outlook from bearish to bullish. Until then we're still in what I call a no trade zone between 10.5k and 12k. Breaking either...

DeeGee84 Updated 

Still in my No Trade Zone but BTC is consolidating Bullishly on the lower time frames.

DeeGee84

Disregard the dip below 10.5k if you can and take a look at how many times we've held support along the 10.5k to 10.8k range. Now look at the lower highs we're making. That looks like a classic descending triangle which is a bearish continuation pattern. This is my final scenario of the charts I published today. Take a look at the others and tell my your...

DeeGee84

Here is my bullish case scenario. Weak support between 9.5k-9.8k that if we touch again and bounce we could be looking at a double bottom (W pattern) reversal to retest our previous resistance level. Strong resistance between 11.8k and 12.3k that if broken we would most likely try for a retest of our macro trend high (14k) and possibly higher. PS: Chart 1 of 3...

DeeGee84

To be completely honest, in my opinion I see 3 possible scenarios playing out with 2 being bearish and the 3rd bullish. I'll release a chart for each possibility today with this being the 1st. This chart needs little to no explanation if you've been following my previous published charts. I believe that those charts are still in play down to the 8.5k-ish...

DeeGee84 Updated 

If you draw your trend lines from the breakout at 4k to 5k all the way to our top (14k) you'll see the channel we've created over the past 3 months. Then draw your lines from 14k down and you should see the falling wedge. Now use Elliott Wave and you'll see all analysis cross paths some time between the 5th and 6th of july at around the 9.35k to 8.8k area as your...

DeeGee84

As you can see from both my 2 published charts I believe we will be seeing a sub 9k BTC in the near future some time between July 5th and July 7th. There is a futures gap to fill down at around 8.4k-8.6k and I'm pretty sure we'll fill it. Good entry points for a long imo would be around 8.7k-8.9k depending upon leverage amount. we should break 14k and reach 16.2k...

DeeGee84 Updated 

As you can see using Fib the areas that we can possibly retrace to are also the 2 areas where there are future gaps in the charts. At about a 40% correction from the top takes us back down to the 8.5k-ish area. The other area is more extreme because it implies that we'll be correcting almost 48% all the way back to fill the first Gap on our chart which happens...