I'm quite surprised that nobody is mentioning that BTC is actually forming a triangle. Everyone is calling this a flag, while remaining quite bullish short term. Now, im not calling this as a trade, im already short since the previous high, but this has the potential to go down hard. Look at 2017 triangle, 2019 triangle. Both tops grinded around an...
XRP is holding stronger than most alts and is still consolidating between .5 - .45 range. It broke down from the wedge on the lower timeframes but is lacking power for a full breakdown. I'm seeing strong odds for a sudden unexpected up move. If it fails, it should proceed down to lower levels. XRPBTC is showing high bottom potential XRP.D is showing high...
I've waited for ages for this matic setup to squeeze, but for some reason its doing the opposite of what i expected. As you can see it had an initial fake out for the bulls, is it going to double fake out and still go bull? This is looking bad so far for MATIC. I'm looking for an entry on a small move up. It's looking like BTC is about to crap its pants and...
I see a very high chance of SUI breaking the ATH, then consolidating a little above it before having a major breakdown. Which also coincides with BTC having another leg down during the halvening. Prepare for an amazing 30x entry on SUI, because this thing it going to hit that 1.618 eventually.
After a new ATH it's likely to have a weekly consolidation before further price discovery. BTC hit a potential 1.618 on the 5th wave and followed up with a fake out B wave. Potential is high for an extended C wave if we reject here again. Incase we do move higher, ill wait for a close below this point for another short entry on the weekly close.
The green box highlights the most likely support zone for atleast a decent bounce if not the reversal. It's the .236 of the normal fib and log fib of wave 3. After the bounce we can calculate if it aims for the 51k region for a full retrace or not. Remember, 30% pullbacks are normal for BTC and we havent had one for a long time. Also, this is only the first...
The true indicator for me of BTC being bullish is always how it performs vs gold. XAUBTC is far clearer than BTCUSD. A true bullish asset is bullish vs the class leader. Aka antifiat, gold. When a H&S fails, it should be expected to fail violently. Meaning XAUBTC is aiming to go higher, and BTC has further downside to go. We are at the edge now, stay tuned....
I can't make it much easier, the primary goal is to short the red line. You can long dips till it reaches that but a bull trend can always stop earlier. Red line = Short entry
BTC about to begin wave 3 of wave 5. If this is true it should take a good 40-50 days of pumpage before it ends. BTC.D will be high, so careful on alts
Two previous completed wave top's from SOL. It's something to keep in mind. Also note that SOL is right at the golden zone. See my previous post for the bull count where it has an extended wave 5. Which will apply if BTC holds this low.
ADASOL is about to have a reversal meaning either ADA outperforms SOL in pumpementals or SOL will dump more than ADA. Opening a position at the same time and same size will enable to you trade ADASOL long.
Be careful on BTC this has all signs of having a rejection at the golden zone to at-least test support at 35k range if not a true reversal. I took both long and short on the weekly open with the ranges for breakouts. May the best position win.
On the left we see 2019, middle current right 2020. All had equal setups, breaking out of a flat top resistance. As you notice in the previous setups this always contained: - A higher high fake out ✅ - Wick buying the bottom support trendline ✅ - Higher lows during the bull flag A lot of people expecting a flush to 32.5k-33k or lower, but it's good to realise...
BTC might be in an ABC with the high already made if the wave 5 is counted as a completed wave 5 of the same scale. Max pain for this pattern would be the 261% which EXACTLY lines up with 161.8% from the A wave. Coincidences coincidences
On a macro view, the direction is a clear for EW bulls. The big questions currently are: - Which degree are we in - Is this a wave 1 of 3 or 5 of 1. Imho this is clearly a wave 1 of 3. Because this is a wave 1 of 3, we should expect deeper prices eventually as a wave 2 normally doesn't retrace to the .382 and we have a lot of imbalance to cover. On the short...
Notes: - Cycle tends to repeat itself with variants, periods extend or shorten. See this chart more as a period of bullishness & period of bearishness. - Some cycles are more volatile, like the first one. - Do not see this as a guarantee, patterns repeat till they don't. - The boxes were put there in 2021 to predict BTC tops and bottom periods based on prior...
Very clean count on LINK, we just broke down from massive support range, if LINK continues to hold below without a quick move back up into the range we should expect a full 5th wave down to finalise the correction. Target $2.5
Very strong pitchfork channel is about to be tested. Could be the buy of the century, could be a massive breakdown. But we are at a crossroad. Long till broken?