dad-bit

dad-bit

Uptrend was broken in August on weekly chart when we broke the support in the name of “yen carry trade”.. news follow technicals in my mind, so that move was in charts already. Since then Bitcoin has attempted to go back above resistance and now meeting double resistance zone, a strong uptrend will start ONLY if we are able to close weekly above 71-73 zone. In a...

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Everything is on chart but it seem we progressing this 4HR bearish wave nicely. Upper channel sits at 61200-61700 range. Monday is no major event day, Wednesday is D DAY (interest decision) - I don’t think major change in price or direction before decision - move will likely come after the news

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Is it possible ??? Correction: IT IS possible !!! We may correct all the way to 45-50 before we go up to 150k

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Sorry I am traveling so don’t have access to laptop to get better chart, let’s do this from phone This is continuing our last “delusional bulls” idea - finally the 4HR wave broke down - target remain under 55k - that’s deep and sound impossible but this is 3rd time this wave pulled the price down and broke See how the price never stayed above the upper channel...

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Delusional Bulls Will Say 100k Coming, I Will Say Good Luck As we step into another week in the crypto market, it's essential to remain grounded and analytical, rather than getting swept up in the bullish hype. Over the weekend, we've seen a perfect bearish Wolfe Wave pattern emerging, and this is something that savvy traders should pay close attention to. The...

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BITSTAMP:BTCUSD Whats going on party people, things are getting interesting. Every fund manager reporting their Q1 ETF positions, which was at the ATH of Bitcoin, and they claiming they got 100-300M invested in Bitcoin which is less than 1% of their entire folio. All meme stocks are popping, meme tokens/coins popping too.. Bitcoin itself showing some strength to...

dad-bit

We have seen this chart many times, a classic wolfewave bearish pattern which appears to be all harmless bullish reversal but infact it’s a strong sign of weakness- stay safe as target is roughly 20% from current levels

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As shared previously, we were tracking a Bullish Wolfewave into making and then took a bold move to short while we wait for wave to complete Here is that trade, which we completed within a week's time Now this time we are looking to enter the trade and ride or die. Upside is huge, all the way to 70, while downside risk is 2-5k depending upon your risk. Play...

dad-bit

Following 3 black crows, we had the 50% retracement and a big red day on Friday… current weekend action is class bear flag to trap bag holders. Current target will be fully back to April lows near 56k when the next course will be decided among bulls and bear. It won’t be easy win but a great fight for the fittest player May you all have great weekend and happy...

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This is going to be fun one and set the imbalance in markets with people sell with FUD. We shall go test under 58-55k, in worst case even down near 52k only to explode back to near ATH of 73k by late May

dad-bit

This appear to be final wave before collapse and completing wave 5, we should see a slump below under 64k soon

dad-bit

BITSTAMP:BTCUSD I would likely get dislikes for even saying this, but I will be keeping an eye on this if this actually become wave 5 down once again under 60k.. then we may have a possibility of 55-50 range as bears wants. Disclosure: 4HR wave still points 68k though which will invalidate this pattern anyhow

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Bullish wolfewave alert in NASDAQ:ARM , keep stop at 105-100, and ride till 140

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Everything that goes up, must come back.. even NASDAQ:NVDA & NASDAQ:ARM ARM in particular looking for another 15-20% decline. They have been distributing for last few weeks, now is time to break it. SELL under 125, target 90-100

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Last bearish wave was completed right at target now it’s time to buy again

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The larger timescale (4HR) has a bullish wave reaching up to 68000 but the bearish WW in smaller timeframe goes back to 62k before going up.. Well given all the negativity, I would go short first

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BITSTAMP:BTCUSD lets be "Neutral" for a second and look at whats going on in the 10H chart. There has been 2 breakout attempts, one almost made it with a resistance turned support retest and bounce near 69k but then failed miserably. On the bearish side we had, 4 bounce off the support BUT it seem that its possible the 5th time will be the charm. The trading...

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Let’s short this thing now and let’s ride down. From technical perspective it’s very simple, but mostly it’s around fundamentals and political pressure and uncertainty