mikas_h

16:00

mikas_h

Not financial advice simply my opinion and outlook on the technicals of the BTC market. Please feel free to share your comments, questions, and/or concerns in the comment sections!

10:58

mikas_h

A quickfire analysis of the BTC market from my perspective today! Still learning how this platform works so bear with me, only realized I could look at other tabs when re-watching the VOD, so I will be sure to cover the equities/traditions perspective in the next one. This was also before my morning coffee so I'm sorry if you hear me misspeak at times. Let me...

mikas_h

Prelude: BTC has been on quite the bullish impulse which has been a great ride however on September 7th the market experienced a strong bearish impulse which broke the most immediate bullish market structure. Although PA has been finding support above the Daily 200 SMA until today. Current situation: PA has invalidated both the most immediate level of bullish...

mikas_h

This possible bearish scenario takes into account the bearish divergence many have been mentioning on the HTFs, although when BTC bull markets start popping off taking these counter-trend plays usually act as a trap - but still important to keep in mind if breakdown confirmation comes.

mikas_h

Study looking to investigate the efficacy of using Fibonacci extensions as tools for plotting and predicting support and resistance. Extensions are based on generational impulsive structure. Still working on plotting/defining specific wave structure to make extension tool use more streamlined. Just curious to see how it plays out.

mikas_h Updated 

By no means something I am betting on just yet - just a possible scenario I saw whilst planning a recent lesson. Would be interesting if this broke down due to demand exhaustion since this bull run has been quite rapid. Not trying to insinuate this will be the top of this bull market but could serve as a local macro top with maybe a more macro (25-50%) pullback...

mikas_h

Do these even work?

mikas_h Updated 

Although MS looks like it has been confirmed to be bearish the overwhelming sentiment to the downside can be expected to be squeezed. I am weary of a move to the upside in order to continue building a short position. However, in the consolidation pattern, we have experienced over the past couple of days the bears look quite in control. Therefore, I am ready for a...

mikas_h

I know there is a lot going on in this chart... but it can be broken down into these simple components. PLEASE READ SUMMARY SECTION: Bullish (Green Box): 1. Pattern break: For the past month, it looks like we have been accumulating in a pattern similar to a symmetric triangle. With the recent pump, we broke out of this triangle to the topside and the dump...

mikas_h

Taking a step back and re-assessing the Elliot model I presented a few weeks ago. Looks like the 3 wave corrective pattern has officially been completed and the 4th corrective wave of the greater Elliot wave cycle - confirmed by the recent pump + dump we experienced. Although ideally the C wave would have been placed lower - this is crypto and anything can happen....

mikas_h

This idea is building off the idea that the 4th corrective wave is not complete yet as it is missing a 3rd drive to the downside (the C wave). The peak of the B wave formed perfectly against the Fibonacci extension level target of the 50-61.8% region. Drawing Fibonacci extensions of the most recent waves we can identify 2 potential target areas and potential pivot...

mikas_h

This is the potential bullish scenario. A pullback is expected as oscillators, sentiment, and structure analysis would require it to consider this a healthy uptrend. Using Fibonacci retracements potential pivot points are identified and circled - these are all potential points of reversal all depending on how in control the bulls are. However, taking a measured...

mikas_h

Just an idea curious to see if it plays out.

mikas_h

Bullish Confirmations: - Would need to close above the 21 EMA - Close above volume support - Close above major 0.236 retracement level (thick dotted red line) Bearish Confirmation: - Closing below 21 EMA - Closing below volume support - Strong rejections off the 0.236 levels Target zones can act as pivot points and buy zones are contingent on momentum and...

mikas_h Updated 

Here I present a game of boxes. During indecisive times as these where consolidation is a likely outcome, I like to draw up an overall plan displaying neutral zones of S/R along with possible pivot points using Fib Retracements (and when they align - it makes for an interesting zone of possible entry). During an otherwise normal time period, I would expect price...

mikas_h

After assessing the traditional markets with some analysis pointing towards a possible top coming in with correction expected in the near future I decided to draw up a possible move for BTC in the foreseeable future as the current price level seems to be brushing against a critical Fib Retracement level on a larger timeframe (from the peak of the previous high...

mikas_h Updated 

A possible bullish scenario for today. I am not a financial advisor this is a simple idea for the short-term. Please remember to use appropriate risk management. Buy zone determined by a break above both 0.618 fib levels and above bottom trendline . Targets coincide with 0.236 levels and top trendline . If we break the top trendline on the 3rd wave the target is TP2.

mikas_h

A possible bearish scenario for today. I am not a financial advisor this is a simple idea for the short-term. Please remember to use appropriate risk management. Possible SWP drawing upon the lower time frames along with oscillators on the different hourly timeframes still mostly pointing to the downside as they could use some relief. Also traditional markets...