Mikhiavelli

Mikhiavelli Updated 

Here we have the beginnings of a momentum shift on the 3 hr Here we are on the daily. In breakdown territory (rotation zone), while there is hope it bullish breaks on the daily, it could also, breakdown in a bad way. I call these inflection points. Signaled by momentum shifts. So there are a combination of mometnum shifts that create an inflection...

Mikhiavelli Updated 

Here we continue the saga of the FTX fallout. Another dominoe in the collapse is falling. Bitcoin has broken a 4 hour momentum channel which appears to be the next leg to lower lows. This is the Daily version, since the 1 hour chart will not play for very long. 4 Hour Channel:

Mikhiavelli Updated 

As you can see bitcoin is in a dire situation. There maybe a relief bounce to 33k to close a gap produced on the bearish push down. However I doubt that it will amount to anything, if it were to hold there is a chance for a new bullish cycle to start, but no signs yet. Instead we're developing momentum downward and will start to really grind if we don't get that...

Mikhiavelli Updated 

We're at a crucial spot on the daily. We've rejected numerous times from the 50% retracement of ~68k-~27k, a crucial level to confirm the double top. Some people think a 30k drop is a correction in bitcoin. In reality that is just a little noise compaired to the 90% 5th wave corrections we've seen in the past, you must view bitcoin logarithmically, and the real...

Mikhiavelli Updated 

Bitcoin at a critical juncture in our lives. A tiny dominoe is about to collapse the house of cards. Was it all by design? Is the math sound? Does a fiat collapse in the woods make a depression? Come with me down to the depths of sound insanity. The 1 hour had shifted. The recovery is over. In the next 6 months you will begin to understand The...

Mikhiavelli Updated 

Indicators are signaling a breakdown for some time, and now momentum is building, fate has been decided. 20K target was reached from my dec 2021 analysis. Every target hit this year. Next up is domino contagion now that everyone has realised the crypto sphere is built on lies. F The X We have reserves, against 9x liabilities, in order to profit and extract...

Mikhiavelli Updated 

Bitcoin has just about hit the last transient zone, 25k area and has consolidated some 2 months. It didn't quite reach my first target, but it did consolidate in this zone hitting important price levels leaving new targets. the 10k-5k zone is an ideal area for the next wave to hit and consolidate in, and because we hadn't hit the 15-10k zone yet, bullish moves...

Mikhiavelli Updated 

Bitcoin is about to collapse in price, my feelings are either it will quickly dump to 10k or stop at 15k then consolidate between that and 25k. After that it may continue the bearish cycle or start a new bullish leg. If it were to continue the bearish cycle targets are 1-3k, however if bitcoin can consolidate above 10k and hold then the bull isn't over and 120k is...

Mikhiavelli Updated 

Now pay close attention, did you catch it? It's not that difficult to see. Look closer. We're right at the breaking point. On the edge, so is it time? Oh it's time! Previous Analysis: Daily 1 Hour 15 Minute So the 1 Hour is right near an inflection point, either it will breakout here and do some serious bearish action; or it'll reverse. The problem with...

Mikhiavelli

Another gap to fill Short Term Target 48k Next Target 54k Long Term Target 20k Need to break ATH before considering bullish option, short term trades are better for now. Bullish outlook next 6 weeks to 54-64k If we stay under ATH for more than another quarter, then bulls have failed and 20k is probable. Need to check wave counts.

Mikhiavelli

Looks like bitcoin wants to head lower before hitting 54k maybe its a good thing, a move a little lower has a good chance to reverse and go to 64k. Been watching a few possible wave structures play out. I'll make a post tonight with a detailed EW count. Thanks... also can't post links or talk in chat yet... need some likes.