badbeatnuts

badbeatnuts

Haven't posted in a while, mostly holding and adding, instead of trading. HOWEVER, this is a good bounce off on the logarithmic chart of AMC. I could see this going to $80 fairly soon if it breaks the descending resistance. Still, ABC seems completed, nice bounce from the 1.272 area. If we don't break below but instead go above the black line and retest it, easy x2.

badbeatnuts

Ok, sooo using log chart for this. I see a black trendline that holds since the first movements. An interesting channel forming 2017 top and 2018 bottom which extrapolated coincides with 2021 top. Mid of the channel is close below from here. Black trendline coincides with thhat level as well. Apply a fan and you have also some interesting levels to see. All...

badbeatnuts

I see wave 4 correction with ABC correcting to 0.50 fib. For me, this is a strong long if it bounces successfully.

badbeatnuts

A clean breakout here and retest of that level will allow it to fly 50%. Go xtz, fly with the wind.

badbeatnuts

I could clearly see a 5 wave impulse up, A nice correction of ABC whereas we are in leg C with wave 3 downwards. Support below so we would probably wick below it and then reverse to previous high for wave 4 from where a massive alt season and btc domi going down to 1.618 extension of wave A. From then on, BTC crushes

badbeatnuts

I see an impulse, an ABC correction to 61.8 fib (market with blue horizontal line) and it should bounce up. Resistance above, though, and we are exposed to further downside. Either way, long with SL 1% below previous low at the 61.8 fib.

badbeatnuts Updated 

Maybe doing a triangle, currently sitting at a somewhat support with a larger support zone below at the 52k. Worth to long for a jump to 58k and it may reverse from there to test support again. The 4hr current candle should close above 54k for this to work.

badbeatnuts Updated 

Resting at support level, end of wedge, 200 EMA - we just need a little push for this to happen. I would buy here even though we don't have yet confirmation. Factors affecting this: Stock market / DXY - if we see a drop Monday -> BTC will also go down -> either BTC domi drops as alts bleed or it goes up as money rotates from BTC to alts.

badbeatnuts

Yeaa, got burned several times shorting it, I guess now I will get burned trying to get the almost $800 long. But my boy elliot says so, so I jump, you know. Otherwise, looks like a good place to enter, FOMC was mostly good news yesterday, rotation away from tech could end soon and tesla should get a relief a bit.

badbeatnuts

Would it? Whos got dem alt-lottery tickets ready? Or it just flies to 100k and kills them all?

badbeatnuts Updated 

Yea, when shit goes down, funny stuff happens. If this continues, BTC will go down to sub 50 level. Rotation away from tech / growth sector?

badbeatnuts Updated 

A lot of people screaming buy, a lot of people screaming short. I would want to see it visit the red rectangle area with a strong rejection. That should be your entry. Look for divergences on 1h/ 4h even to enter the short. SL 2% above the high end of the red rectangle, about the same area as previous ath.

badbeatnuts Updated 

About to hit some resistance levels. Might be worth to short within the red zone around the 0.786 fib level with SL 1-1.5% above the high end of the zone. If not - > 54-56k level.

badbeatnuts

Yeah, I am not sure if this is drawn correctly but levels are respected nicely. That said - price is resting at a significant level - should it break down in the next few hours -> bottom of the fan is to be expected. Otherwise - it should go up again from here.

badbeatnuts Updated 

Previous analysis was pretty much spot on - sometimes these anomalies of perfect entries do happen but not so often as one would wish. Current outlook: Volume is decreasing Completed a 5 wave impulse on lower TM (15 min) Resting on 50 EMA / 20EMA cross pending (4hour) Resistance zone above us Pretty tricky to be honest. I would prefer it to visit 0.50 / 0.618...

badbeatnuts Updated 

Divergences are showing up nicely, weekend bearish momentum should end soon and perhaps we should retrace to at least second fib level along the resistance. From there - either bearish continuation to 40k or further move up. The idea is to trap the retail so perhaps a quick wick during the next hours going down but then moving up only to move further down after...

badbeatnuts

So the studio that brought greatest video game of all time is at a double bottom and previous support and fib retracement at 1.618. Just load it and wait, no other analysis.

badbeatnuts Updated 

Resting at not so well tested black trendline but also resting on previous very intensely tested horizontal red support (it was previous resistance and recently support). If the 1h closed below - we go down to previous lows. If it bounces back - it should also break through the previous top. Roll them dices!