tadailyyt

tadailyyt

It's not magic it's just a different way of using a pitchfork. Previous invalidation range is the range where 20k (previous top was rejected it actually couldn't even reach that range). You have an invalidation range now trade safely.

tadailyyt

Measured move of every way. Red line denotes W2 and W4 targets and green line denotes W1, W3 and W5 targets. Invalidation level is when any wave enters the price territory of W1.

tadailyyt

If you ain't using pitchfork, then you are missing out. BTC just liquidated some longs and also some shorts. But how would you know if the wick would go to 69200 or 69500? You use a pitchfork and draw a parallel line joining deviations. @upadhyayaman30 hit me up on twitter to know more about pitchforks.

tadailyyt

Elliot's wave combined with Fibonacci are pretty accurate. This doesn't mean that we cannot see another 5 wave pattern after the current 5 waves pattern is completed.

tadailyyt

3 Rules which are always followed in impulsive waves- a. W2 cannot retrace more than 100% of W1 b. W3 has to be the biggest wave. c. W4 can not go beyond W3 at anytime. You can calculate the waves using fib ratios. Currently I expect W3 to close around 90k. WHITE LINE- W3 TARGET. RED LINE- EXPECTED WAVE 4 TARGETS. (14.6%, 23.6% OR 38.2 % OF W3) GREEN...

tadailyyt

Don't expect a breakout on the up side without a little scare the longs wick on the downward side. I've already posted 3 different possible scenarios let BTC do something now. Don't try to trade inside a triangle/range if you aren't experienced enough.

tadailyyt

In the last post 12h chart was not looking very good. But currently we are in an uptrend with a symmetrical triangle breakout (currently retesting). We are probably seeing BTC come down to it's fair value (Anchored VWAP mean reversion). Always have two scenarios in place.

tadailyyt

Descending Triangles not usually playout for bitcoin just like head and shoulders but there is always a risk.

tadailyyt

Mean Reversion happening. A breakout from the falling wedge would take us above the local ATH.

tadailyyt

Believe it or not, i think this is the BTC bottom for now.

tadailyyt

RSI is showing some weak bearish divergence exactly like it did somedays back. Funding rate show a short squeeze can be seen (it can go a little lower but nothing to worry about) we are just seeing a mean reversion don't worry.

tadailyyt

Time to be a little cautious. I expect a move reversion 58-59k range. We are going to the moon in the future but the rocket isn't here yet.

tadailyyt

The momentum is still there, 20MA can still save BTC. This short term reversal was expected, BTC has been getting resistance from this trend line. The pitchfork levels are still relevant.

tadailyyt

Two different pitchforks showing the exact same thing. BTC needs to break above this or this could be the top for maybe a week.

tadailyyt

We saw shib pump, we saw floki pump sooner rather than later we'll see doge pump too. This is a possible setup. Trade wisely.

tadailyyt

Very rarely we see, RSI, price action and volume indicators backing the same movement. This time if the breakout happens it will be backed by a good amount of volume.

tadailyyt

The pitchfork model is accurate as always, the curve shows a similarity which, nobody want's to see, not making predictions here, but definitely not ignoring the fact the we could see something similar.

tadailyyt

I'll be slowly laddering in into alts and BTC on these levels, while still having 50% of my capital in cash, I'm 30% in now will start buying once we break this support and BTC gets to 42500-43k. This is my bearish scenario. Even if a bear market starts from here, it won't matter as I'm still cash heavy and I'm looking to HODL.