theemk13

theemk13

We are sandwiched between important trendlines and about to test the weekly RSI bearish control zone. If you wanted to see sign of strength out of Bitcoin would be a monumentous pump out of this zone. It is more than likely that the market maker fills his hedge or short positions here, whilst the retail investor loads up on Bitcoin and Bitcoin perps on 'the bear...

theemk13 Updated 

.... of the entire market in a bearish rising wedge/ ending diagonal The January growth of BTC has been aggressive and beginning to look unsustainable. We must be cautious of short squeezes happening especially in key moments of the year. We have just experienced a shorts funded rally right before major earnings and an fomc meeting where the fed is likely to...

theemk13

please read my previous publications where i breakdown and zoom in on these views we expect a return to the mean of 3275 and followed by a short squeeze and emerging markets rally to pursue the new highs that have been made in the uk stock markets and others, before plummeting into liquidity and demand territories below 3000. Who knows? We could even reach below...

theemk13

View my other publications, horndogs.... We are in a larger A-B-C corrective move to end in 2025. The overthrow of bear trendline in oversold and negative divergence territories will create turbulence. The fed will raise by 50bpts + 25 + 25 + pause for 6-8 months. Job losses and negative gdp are not present for the fed to confirm their work is done. You will all...

theemk13

... hear me out there are multiple reasons that the markets may capitulate starting next week onwards view my other publications for my directional flow to market Here I use elliot wave theory to attest to my fundamentals I use elliot wave theory as a bookmark or 'stamp' to where i assume we are in the price action What the technical indicators show and price...

theemk13

We have seen a great rally in January out of risk off and emerging markets Huge options expiries in the skew of puts and start of year rebalancing has driven markets to the upside But I send you some caution to the wind The FED is not bluffing. The pause is not here and the pivot is many moons away. One Fed official, Bullard, suggested on January 18th, that a...

theemk13 Updated 

Per my previous post, here is my other Elliot Wave Count in which factors in a bullish halving. It was extremely difficult to factor in a cycle A-B-C correction but the covid black swan correction does help in this case. We must all keep an open mind, there is no crystal ball or 100% in the markets. There are probabilities, likelihoods and unlikelihoods.

theemk13

Elliot wave theory dictates markets move in 5 Waves followed by a corrective 3 wave move. Here it is marked for you with divergences and correct ruling, using logarithmic growth for confluence. So if you have been sick of hearing 'But this time it's different' well, because it truly could be. The elliot wave theory projects itself at our time of need where we...

theemk13 Updated 

the entire market in a bearish rising wedge/ ending diagonal The January growth of BTC has been aggressive and beginning to look unsustainable. We must be cautious of short squeezes happening especially in key moments of the year. We have just experienced a shorts funded rally right before major earnings and an fomc meeting where the fed is likely to surprise...

theemk13

If you have seen my previous publications on $BTC you may have noticed some key similarities as marked here - An inverse head and shoulders pattern forming - A 3 drives to a low pattern forming - RSI reaching bearish control zone - ema and ma resistance clusters - At/ deviation at bear market trendline Again, max pain is derived from: overthrowing bear market...

theemk13

Comparing fractals between Total 2 and Bitcoin 2018 Significant market share has been taken by altcoins so comparing fractals is best to with TOTAL and not BTC vs BTC. Market symmetry leans towards 50/50 or 40/60 BTC to altcoins