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1-XBTUSD

"that wasn't love, that was just hope".as you all know, the cpi report is coming out in 2 days. if that data fails to beat the current market expectations, i do wholeheartedly believe the markets will see an accelerated move to the downside. it will be lead by long liquidations, miner capitulation, and extreme panic. IF this happens, my target sits in a window between 12\13k. it doesn't have to happen right now, so this is not me saying that it will, but if it did, be ready for it. 👇 ps. 24k is still on the table if the cpi data beats expectations :]. cash is 👑
by notoriousbids
1
btc 7-10 update pt.2good evening, been thinking a bit more about this local count, and i've come up with one more potential trajectory. --- if we see a weak three wave bounce from my original downside target (view my last post for more context) 👇 then we'll likely see a slightly deeper retracement to 19.3k. --- both scenarios lead to the same upside target of roughly 24k. just need to focus on how it moves up after bouncing in the days ahead. --- will throw an update when either of these outcomes are confirmed.
by notoriousbids
1
btc 7-10 update ~good afternoon my peoples, in my last few posts, i talked about the possibility of seeing 23~24k before seeing a big pivot downwards. here's how i think we can potentially get there. --- as of this moment, shorts are out-weighing the longs. 1h hidden bullish divergence is present 1\3h stochastics have entered into oversold. btc has come down in what looks to be 3 waves: demand wicks are present, and there is an 11k long block acting as support. --- cpi data in 3 days is a total wild card. if that data beats expectations, we will see a significant short squeeze in the days ahead. the full moon will too support a significant rally - potentially higher than my current expectations. if that data fails to beat expectations, then i don't think we will see the local highs taken out, and btc along with the rest of the market will move straight down to the targets i have been discussing recently. --- ps. i am still looking for lower prices after this push up 👇
by notoriousbids
1
"hope".each dip in a bear market tends to get larger over time. reason being: >humans buy in thinking a bottom is created. >bots drive the price goes lower. >humans panic sell. ---- eventually, the larger players begin to sell off their balance sheets. -btc miners capitulate below 17.6k, as it is not profitable for them to mine btc anymore. -hash-rate declines at a very rapid pace. -massive long positions begin getting liquidated. -margin calls are created. -media headlines say "bitcoin is done forever". -retail loses all hope. 𝑜𝑛𝑙𝑦 𝑡ℎ𝑒𝑛, 𝑖𝑠 𝑎 𝑏𝑜𝑡𝑡𝑜𝑚 𝑐𝑟𝑒𝑎𝑡𝑒𝑑. ---- for now, while majority of the market remains hopeful - i will remain to be bearish. once a majority of the market loses all hope, i will flip 100% bullish. no offense to anyone, it's just part of my strategy. ---- downside target = $12,400. ✌
by notoriousbids
14
btc 7-9 update ~good evening folks --- our indicator is crossing bearish up here, indicating downside pressure in the days ahead. it's possible we see one more scam pump to about 23k before the downtrend begins. --- my downside target is between 12~13k for the time being, but there is significant support between 14~15k, so it may stop there. --- ps. that downside target will be a big one; btc could move back up to 40~50k after poking it followed by another soul crushing capitulation phase. 💰
by notoriousbids
3
full moon ritualsconsider this post completely theoretical, and don't use it as financial advice lol. --- just about every full moon over the last few years has marked a local bottom for bitcoin. as we near july 13th, all of my indicators are pointing to a long liquidation event. it's very possible that we don't get it this time around, but if we did i reckon it would look something along these lines: >raid the 17.6k lows for liquidity. >a grind up which doesn't take out the local high into the end of july. >drop to 13~14k into august before a very sharp reversal. 💰
by notoriousbids
5
btc 7-8 update ~ good afternoon o/ ---- bitcorn looks to be breaking through various barriers. lot of sell signals popping off, but it just keeps going. ----- looking for more upside into the days ahead, as talked about in yesterdays post. little change to the count, aside from that it all looks pretty good to me. there might be another 1-2 in there, but i can't confirm it until i see a reaction from one of my upside targets. will update it when i could confirm it. --- ps. i'm cash up here, as i don't trust this move in the slightest lol.
by notoriousbids
BTC in a diagonal?The current trend of BTC is very weird. What was once a possible wave 2 pullback is now invalidated and where is we going now? The structure of Wave C to me looks weird to be a regular impulse and could be a potential diagonal. If this is the case, the final target of w5 of diagonal matches nicely with the 50% retracement of the last major impulse to the downside before this ABC correction. Just an idea and we must see an overlap of w1 and w4 before we consider this as a promising alternative & subwaves matches the bigger structure
by anthonysom
2
btc 7-7 update ~good afternoon o/ ~ and just like that, with the flick of a switch, bitty invalidated my short term bear count. ~ as of me writing this, i am anticipating higher prices. anywhere between 23.8~25.7 is the target. theoretically, a very sharp rejection will take place in between those two levels which can take btc down over 50%. ~ if you aren't already in, don't be that guy who fomo's at the top. i'm no financial advisor, but i tell you with confidence - that the market will always come back.
by notoriousbids
7
BTCUSD H1: 20% correction warning distribution(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! BTCUSD H1: 20% correction warning distribution(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BTCUSD 1hours chart review ::: updated/revised outlook ::: distribution in range / weak chart ::: cycle low later July/August 2022 ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: not a great looking chart ::: rejected/booted from 20 000 usd ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible 17/18 000 usd ::: also noteworthy sequence of lower highs ::: recommended strat: SHORT from 21 / 22 000 USD ::: final TP BEARS is 17 / 18 000 USD ::: 20%+ correction possible next ::: 4-8 weeks in July 2022 ::: right now limited upside in this market ::: position traders should wait for ::: better entry prices later after ::: BULLS higher risk BUY near 17/18 000 USD ::: not a great setup for BULLS though ::: recommended strategy: SHORT SELL RIPS/ RALLIES ::: TP BEARS is +20% gains - near 17 000 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: RANGE/MIXED RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDShort
by ProjectSyndicate
39
btc 7-4 update ~good evening, taking a peak at the alt charts, and a lot of the alts look to be setting up for a little pop in the days ahead. this would also rhyme with the idea of btc stopping out all the bears who were late to the party over this 3 day weekend. a push up to 21.2k, followed by a flush just beyond the range low is my plan. anywhere between 17,400~16,195 is the expanded flat pocket for that b-wave. --- since we came up in 3 waves from the range low, i'm theorizing we will come down in 3 waves to create an expanded flat. b-wave should bottom on july 13th (+\-1 a day). --- july 13th is an important day in the market. we have the full moon - which is a historical indicator for a pivot to the upside. more importantly though, we have the highly anticipated inflation data being released on this day. --- for btc to see a clean rally out of this range (as portrayed down below), that inflation data must beat the current expectations. --- failure to beat expectations, and we will see an accelerated decline fueled by long liquidations.
by notoriousbids
2
btc 7-2 update ~good afternoon o/ --- applying all the factors i have mentioned over my last few posts, and taking a look at this local area from a psychological perspective - i've come up with this particular trajectory for btc. --- i bet there is a ton of long stops at the range low, via 17.6k. if history repeats itself, that low will get raided before a move up takes place. stop-loss raid into july 13th, followed by a short squeeze up to about 25.8k (can go as high as 29k.)
by notoriousbids
1
mid-summer solstice.what i have displayed on my chart are solstices \ equinoxes. i've went through btc's history, and i have found that the mid-summer solstice has historically marked some kind of bottom in the cryptocurrency markets. ---- circled the last few times it took place. here's some more: to conclude, there has been 10 mid-summer solstices since 2011 of the 10, 8 marked a bottom. ---- now this does not mean that btc cannot go lower, i'm simply stating that based on the historical data, the odds are high that we have, or are in the process of forming a major bottom.
BITSTAMP:BTCUSD
by notoriousbids
2
btc 7-1 update what if, it's just this simple? we saw 5 waves up, we saw 3 waves down. ---- higher timeframe oscillators are close to being completely reset, indicative of a bullish reversal on the horizon. open interest has fallen quite drastically overnight, supporting the upward move. fear is at 11, bearish sentiment is at historical highs. --- i'm not playing any leverage until we see more confirmation, but i am in a fairly nice spot position as of me writing this. upside targets are on the chart --- the bear case completely remains in tact, but so does this bull case. bullish invalidation is at a break of the range lows
Long
by notoriousbids
8