SABoikie

SABoikie Updated 

What do bearflags normally do? :) We should see that final ABC correction play out until next year this time. A macro bearish pattern that will come to an end. C leg is in motion. Don't ask me what will happen with crypto once we hit that green bottom zone next year! LOL. If, and if we break this macro pattern and we land at the bottom of this macro pattern...at...

SABoikie

So we have a 8 year bearish consolidation pattern that is likely to break to the downside... The bear flag just broke on the weekly. So how bearish can we be on crypto?

SABoikie

Just love it when people get bearish on crypto when a graph looks like this! Lets delete all nonsense indicator, chart pattern, wave analysis crap for one minute... just look at this graph and tell me how bearish can we be? LOL

SABoikie

I just don't see the bearishness on BTC? We have not broken any support structure on the weekly... bullflag breaking out at the moment. Currently just testing the breakout. RSI have broken bear structure weeks ago. Clear continuation of trend. If you bearish on a 5min TF... thats ok, but daily and weekly bearishness might get hammered. Close of weeklycandle below...

SABoikie

I have shared a possibility earlier today with a $200 target... but I have revised it to this setup... that is more plausible. The reason is that we work with diminishing returns on each cycle... The $120 target is more plausible with the help of the fib pitchfork channel. A break into the top part of the channel, with result in a $400 target. Highly unlikely for...

SABoikie

See monthly XRP chart. We should see a move within Sept towards the upside. I have included the red lines to show the BTC tops correlation with XRP. A top of $200 is possible with a top date between June and July 2025. Lets see what happens

SABoikie

If we can get a nice pump above the midline of my channel... possibility is there to hit the $200 target. The midline shows some good respect on price action and gives a good indication of the validity of my channel. Getting above it might give us a good return. We are close to moving up. All little pullbacks are buy opportunities.

SABoikie

Im longterm still bearish on this pair... but me might see a move back up to mitigate that zone at the top in order to move lower.

SABoikie

Nice distribution on gold in the making. Have been a long time since I have seen such a picture perfect setup comparison. Wait for the break of major support before shorting on higher TF.

SABoikie

The 4h swing is done in my opinion. We have broken upward trend support. Next move will have a short-lived move back up to create the lower high. Width of the channel breakout should bring us back to major support down under... to the tee. That should serve as good support... but long-term we have lower levels to go.

SABoikie

Doing macro TA on this pair... we can see that we are in a downtrend and should move towards the downside in the weeks to come. The harmonic pattern we in should guide us down towards that bottom of the macro wedge. This trade will be a nice longterm setup to add on pullbacks until we reach the bottom. Key is to enter small amounts if we go up in the next few days...

SABoikie

Nice place to short at the moment. See the price movement to come for the next few months. Keep on adding shorts on the pullbacks... and you will smile later on

SABoikie

Get ready to short the king of England down for a 1000 pip trade. Get rejected at a mitigated zone. Entering little shorts here, can be a great trade as you add on the pullbacks to short it to the ground

SABoikie

See my TA on BTC for the next few months. Nice opportunities coming if you trade correctly.

SABoikie

Just beautiful how price is moving since we created the HL in January this year. We should be retracing a bit...giving BTC and Gold and equities a bit of a relief. But make no mistake... pain is coming. A position in a USD long pair should be the trade of 2024 if the DXY continue its uptrend.

SABoikie Updated 

Wait for reversal in the un-mitigated zone. Bullish Bat setting up here. Potential 10% trade

SABoikie

Opportunity for a 80pip bounce. Looks like we have the reversal on the 15min TF. Enjoy

SABoikie

Break of structure and resistance on the daily. Wait for pb to the green zone for long with SL below swing point