Option B would look like this. Since I do believe we need a big move up from here we could simply drop down from here double bottom because there wouldn't be enough momentum to drive us lower then bounce back up with some pretty solid force and go for the golden pocket that way. So keep your eyes on the chart but some big moves look like they are about to be in play here.
I think the MM has come back to take out late longs the way the RSI and stochastic are building it looks like the MM has come back to play. A typical Elliot wave pattern don't be late on the Moves the MM is not showing any mercy in their moves. they need to break 20.5k I think when/if they do they will do it with force and push to the next level. Ideally I think...
Nothing to crazy here but I found this very interesting BTC.D has called the top now 3 times in the same zone we are currently in. I am curious to see if this plays out!
With all of the negative world news I would say combined with fear BTC should continue on this bearish downtrend I've shown the direction I think BTC will take before hitting the bottom of market potential price. It looks like 26ish k in addition it appears the MM is pushing the market to think bearish while the current bear ceiling is still holding VERY strong. I...
Hi after some careful consideration I think max fear is in. I do also think there is a good possibility of another pull back with the FED meeting and or a short term pull back on some random news. But as long as we hold the current Zone level 3 there is a possibility for more upside. Will this upside stay to the upside only time will tell but current price action...
We are currently evaluating ranges for BTC. Top of range to confirm break out would be a Break out and full body close above the 53K range would be Bullish I would then wait for a retest of support and breakout before entering for further upside. Bottom of range to confirm a hard down trend we would be looking for a break through the 40k Support and full body...
Currently BTC seems to be trending above Previous resistance as indicated on the chart and using it as a form of support. Feel free to add your own input. Outside of the obvious we are holding pretty stable in the current support resistance zone I have indicated those zones also on the chart. We may take off any moment it feels as these low volume days tend to...
I have laid out the Distribution accumulation Zones just as the previous impulse move for BTC. I am expecting BTC to range here until it breaks out to the upside to complete the 5th portion of the Elliot Impulse. We are currently sitting in wave 4 just above major support if we break 52k this thing could get ugly fast and that would invalidate the Elliot Impulse...
BTC still Ranging in the accumulation zone I am expecting a Thanksgiving breakout or something within days for the breakout. We have yet to breakout out of the accumulation zone but we are holding support strong. Remember path of least resistance as stated many times. The path of least resistance at this point for the market is up. Next Price Target is anticipated...
My thoughts on BTC currently I think we still have good potential to see 80 all the way to 135k based on My analysis. running the charts including diminishing returns I think this is a ideal position to take. If we are on the wave 5 of the market I expect price to follow the ABC pattern shown if not I expect another bounce on the current channel and this could...
It looks like BTC Descending wedge is now getting close to blowing up which will result in Alts taking a back seat. We should then see BTC take off for a potential higher high this should be the 55 to 60k BTC we should then see rejection within the dominance on the previous CME GAP area. this should crush BTC to the downside while alts blow up sky high. A...
Double top on the daily under bullish divergence expect pull back with a possible real correction incoming.
Here is the Current movement I am looking at. This also outlines/Shows how the Bearish Divergence will play a factor on the Market Ceiling. Keep in mind with each market there is diminishing returns so to say we "HAVE" to blow off top is really not a valid statement. Crypto as a whole has seen a significant amount of economic money even in these mini markets. If...
Here is a better scenario of potential price movement for BTC in it's current position. I do believe BTC.D will play a heavy factor in the way this plays out but I think these are the more likely scenarios. Option 1 being the more likely option here. Option 2 would leave MM with some good shakeout potential so don't put it past the Market Mover to play option 2 first.
Option 1 up then down per the pattern. Option 2 down then up per the pattern. Run up before a shakeout or shakeout before a runup.
BTC current Trajectory from basing this off of past behavior and current market. If you have followed my past scenarios I have posted I've not deviated at all from my path of direction but I did adjust it a bit from previous post to be happening sooner than later do to the time of year. Based on the RSI we should see a similar bounce to what we saw at the top to a...
Currently BTC is climbing a now much bigger time frame incline Wedge. This was only showing on smaller time frames but is not rippling out to much bigger time frames. Current top Price range I am looking for is 51k to 55k before a retrace. If BTC continues to see rejection on this ceiling and is unable to break out we are looking at some HUGE bearish divergence If...
On the daily the Dollar is currently showing bearish divergence on the daily while BTC is showing bullish on the daily. This could be to early to call due to the fact that all lower time frames show the opposite for both. so if the daily has not caught up yet this would mean we are looking at things going the other way. Historically if the dollar does well crypto...