Short

BTC BEAR plan updated. Whats next? 8K

Updated

So as Emperor would say, "everything is proceeding as i have foreseen". Well atleast in the big picture. I'm currently marking this retracement very weirdly. The so called A wave is still going in my opinion. Yesterday i was sure we were already going up with wave B. Well i don't see that we are even finished with wave A. As a trader you must be always be alert and ready to adjust your plan but always being calm at the same time and evaluate situation. In my markings Wave A is now marked with 5 subwaves WXYXZ but you can picture it as 12345 also. I am marking this like WXY and WXYXZ because it allows me to make fast moves without shooting down the whole theory. Usually WXYXZ happens in so called C-wave(Or Y-wave) but it can also happen in A wave. Practically everything is possible in WXY retracements. Enough for that and to targets:

As you know i am in good shorting position and my first plan was to stay there until we hit 8k BUT there's a slight possibility for a good bounce from 8350-8400 regions to almost 9k. So i will close my short at 8420 and i will NOT go to long position BUT i will wait for a re-entry to short after it reaches levels 8800-9k again. So the 8k is the target for now but what happens before that is uncertain. And i also see that 8k as the end of wave A or in my chart for Wave W. So you can all guess that after 8k we are not done for the retracement even in the bullish scenario. I'll post updates to this chart as i make moves and trade this.

Note

youtu.be/LAf0QnLFS7Q

Note

Current situation and roadmap:
> 9k
> 8k (possibly slightly under)
> 9,2-9,5k
> 7,2-7,4k
> ?

Note

In that above order

Note

Nice i got to close my short !!!!! :). Nice trade. No waiting for 9k to enter short again!

Note

Now not No.

Note

AND if you like the idea push the LIKE!! :) you can also push it if you dont :)

Note

This still stands:

Comment: Current situation and roadmap:
> 9k (4th wave of A)
> 8k (5th wave of A)
> 9,2-9,5k (B)
> 7,2-7,4k (C)
> ?

Note

When we have confirmed bounce will update roadmap. Probaply not much to change if it keeps up above 7800.

Note

UPDATE! As you can see, only minor changes( note that this is binance BTC/USDT and these are my where it should atleast go):

> 8900k (4th wave of A)
> 7900k (5th wave of A)
> 9k(B)
> 7400 (C)
> ?

Note

Ok fine ill visualize it :) so its easier to figure out. That orange triple wave set is WXY but you can also mark it as ABC. That green 5 wave pattarn is just a part of the W-wave (Which is A to most people). So the problem is that many will now either believe that the retracement is over OR some might think that we are in B wave. And when the real B wave (my X) starts people are buying in but what they dont know is that the C is there to come

Note

add: Green X is just a wave 4 of this A. Orange X is the big B and probably it wont start till next week. So is this 100%? Of course not but this is how i trade this at the moment and ill change my plans if new info comes along

Note

> 8900k (4th wave of A)
> 7900k (5th wave of A)
> 9k(B)
> 7400 (C)
> ?

Targets are still there in that order

Note

Update
> 8750k (4th wave of A)
> 7900k (5th wave of A)
> 9k(B)
> 7400 (C)
> ?

Targets are still there in that order

Note

Targets still valid ( Make a note, that this impulse may go to max 8900 but 8750 si safezone). So no updates to them. Still going as i planned. Little adjustments i have to do on the forth comig 5th wave of this huge A-wave (Orange W) but ill have time :).

Make also note that if this now goes over 9k my count is invalidated. But i dont see it is :)

And third note: Keep in mind that it looks like i am the only one going with the count that we havent even finished with wave A (My orange W). There are some finished already with C, some are starting the B and so forth. So that should make you wonder if this count is correct or not. Always cautious. Never follow anyone blindly. Even me ;)

Note

PLZ Give some Likes wheter you hate or like this!!!!!! :D

Note

Targets still apply. Ill update the list when 1st one is hit. It already almost did (8700) but as expected, it bounced from FIB 0.382. I will enter short just before 0.5 which is 8750-8800 region. It should go to 0.618 which is over 8900 but i want to play safe so i'll start my position from there. It will take several hours for us to get to our target. Ill get back to you

Note

Small timeframe snapshot:
This is just as a reminder that there are indefinate amount of subwaves in every wave. We are currently in A-waves 4th waves, C-waves first wave. So subsubsubsub levels :). So this wave as anyother wave retraces like any other wave. This wave will probably retrace back to 8400-8500 levels before it goes up again. So dont get panicked. OTher possibility is that it already retraced :). It wont matter cause we will have our target anyway.

Note

Adding this so it stays as the last update:

Targets in that order

> 8750k (4th wave of A, might go as high as 8900ish)
> 7900k (5th wave of A)
> 9000-9400(B)
> 7400 (C)
> ?

Note

Target update: So first target hit. Im not in short yet. My short target is bit higher around 8800 so i dont have to place my stop loss so low. We should go there in few hours. If not then ill wait for the next train. Before we get there we might retrace a bit and then make one or two decent spikes up to max 8950 levels.

But basically first target is hit and next is in 7900 region for moving to long position

Targets in that order

> XXX TARGET HIT!!!!8750k (4th wave of A, might go as high as 8900ish)
> 7900k (5th wave of A)
> 9000-9400(B)
> 7400 (C)
> ?

Note

Nice! lol

So where are we now. We hit our first target with perception but i am not in short position because i expected it to go a bit higher around 8800-8900ish. And believe it or not i still am. So what i see is that we are still in this GREEN X-wave going up. (4th wave of A). And then when that peak of my GREEN x-wave is reached we can start going down with the last wave which is marked as GREEN Z in this snapshot. Other possibility is that my target was 100% correct and we are already in wave Z. That is confirmed when we are below 8100. Not a second before that. So i keep this updated. Whatever option it is of these 2 i now that my presented the targets still apply and next target in order is the below 8k. In other words. If this now starts to go up near 9k we are still in this green X BUT if it now goes below 8k we are already in green Z.

Note

To clarify this even more. This is the green X opened to ABC subwaves so you see what it still can do. This means that we are not necessary in green Z yet. And i believe we are not.

Note

And still clarify this with other words: We reached target nro 1 as predicted (99,9% accuracy) BUT i see that we will reach it again before target nro 2 (7900). This is unsure but we'll see.

Targets once more:

> XXX TARGET HIT!!!!8750k (4th wave of A, might go as high as 8900ish)
> 7900k (5th wave of A)
> 9000-9400(B)
> 7400 (C)
> ?

Note

Ill make a new chart tonight with clear understandable text :). I wonder how anyone can figure out what the hell im saying. But for my defence, atleast the targets are clear and shown very simple way :)

Note

As i said yesterday and also 4hrs ago. We will hit target 1 once more :). It will go a bit higher to get me in my shorting position. Then i permit it to fall to target 2. Im on fire. Again. :)

Note

Im in short. It may go to 8950 before the real dip starts

Note

Seems that we are making one more push up. It should be to 8960 at most. As you know from previous update im in short position now. Next target for me is round 7900 but i will close my short in slightly above 8k just to play safe.

Note

Link to my newest. Wont update this no more. Now it should be more readable :)

JoppeJoppe

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.