Big Bullish Bat for Bitcoin BruhMy whiskers are telling me that what goes down must go up....
...so I've been hiding in the bushes and waiting to see where the reaction will be.
We could technically reverse anywhere between the current price point and the 1.13 XA (alternate Bat), but I'm looking for something sooner than the 1.13 XA. Just in case, the 1.13 would be at $36,202.64.
The .886 XA, 2.618 AB extension and the 2.618 ABCD look like a good zone for a reversal.
The area seems to coexist with the purple (green) zones that have acted as support so far in this period of space-time.
What do you think will happen?
Owhooooo!
Akamerthewerewolf
Bitcoin Bearish Butterfly ScenarioLooking at this daily chart it seems that Bitcoin could be forming a Bearish Butterfly harmonic.
My whiskers are telling me that if this Bearish Butterfly develops then we could see new all time highs by May/June.
The minimum D point would be about $78,504 and the top range of the PCZ would be at the 1.618 XA, around
$90,963.06.
For me, once we get above $45,855 (B) I will feel more comfortable with this pattern and be looking for a retest of the previous ATH and a potential breakout above it to test the numbers of the PCZ of the Bearish Butterfly.
What do you think?
Owhooooo!
SHIB PossibilitiesI hope everyone is having a great day today!
Looking at this 4hr SHIB chart it seems to me that Shiba Inu
is developing a bullish pennant or bull flag formation.
Depending on how we break out of this structure, I will be
looking for different harmonics to form.
The Crucial Zone marked with a yellow circle is the area
where I think we could see some definitive price action.
I'll be waiting in the bushes and watching to see how this
plays out.
What do you think?
Owhooooo!
Bitcoin Do or Die?Looking at this 4HR chart it seems Bitcoin could be up to something!
My whiskers are telling me that Bitcoin is at a critical level.
If we move down from here I will be looking for a bounce at
around $39,300. If that happens I would call this a Bullish 5-0
and would be looking for more upside. This would look like
continuation and I would start to think the bullish trend is
once again valid...at least until we get to the bottom of the blue
channel!
If we dropped below that my next level to look for support
would be around $34,600 to $33,000. If this level fails then
for me this means we had a fake out break up out of the bull
flag. This would be the signal to me that a longer term bearish
trend is developing. If this plays out then my target for a bottom
would be around $16,000.
A quick glance at the monthly chart shows that we need to finish
the month above $48,102. If this doesn't happen then I will consider
the Bullish Cypher in play. The PCZ of the Cypher on the monthly
would be just above $16,000. I will post the monthly chart as an
update to TradingView idea.
Owhooooo!
Dow Jones Industrial Bearish Bat?Looking at this one day chart it looks to me like DJI is
forming a Bearish Bat Harmonic.
For me, there is a tight PRZ with a .886 D point of a
Bearish Bat Harmonic, a 2.618 ABCD completion and a
2.0 AB ext.
I will be looking for a reversal here, around $37,400.
My whiskers are telling me that we could trend up
until Friday and maybe see a dump by Monday.
The Alternate Bat would be in play if we push
up above this level, so we would not be out of the woods.
What do you think is up next?
Owhooooo!
Bitcoin Bearish Cypher BruhLooking at this 4hr chart it seems Bitcoin is at a critical level.
My whiskers are telling me that BTC is potentially at the PCZ of a Bearish Cypher Harmonic.
I'll be hiding in the bushes and watching to see if the Hidden Bearish Divergence plays out.
It would make sense to get rejected around $44,700 if we break up out of this current consolidation.
At that point I would be looking for the Shark Harmonic to develop.
What do you think will happen next?
Owhooooo!
Bitcoin Bull TrapLooking at this 4hr chart it looks to me like BTC is forming a bearish Cypher harmonic pattern.
My whiskers (and the chart) are telling me that we will likely push up towards $41,500 and then break down.
For me, this creates a bull trap scenario. I think retail traders could ape in as we get closer to $40,000 and then that will create
the liquidity that the whales are looking for to dump some more.
When the down trend continues I think we will move to around $34,500.
If we lose this level then we could be seeing a larger bull trap play out as the giant bull flag breaks down.
Further downside targets would be around $29,700 then $20,200.
If these levels break I will have limit buys set between $14,000 and $15,000.
On the upside we could see the Cypher roll over and turn into a bearish Shark. This would put the D up around $47,400, which is also close to the 1.618 ext. of the XA leg of the bullish Crab harmonic that has completed. The upside targets are the X, B, C, A points (of the Crab) and then the 1.618 XA at $47,483.08.
For me, we need to get above $47,500 to invalidate the bearish trend and continue the bull trend. Even then, we will need to push above about $50,400 to get back into the blue ascending channel. If that happens I will be howling for the moon!
What do you think is next?
Owhooooo!
Shiba Inu About to go Batty?Looking at this 4hr chart it looks to me like SHIB is forming a Bat harmonic.
I'll be waiting in the bushes and watching to see if SHIB can turn it around.
I'll be looking for a dip below the .886 XA along with some bullish divergence and then I'll be looking to get long!
If we go deep and touch the 1.13 XA then for me that is an Alternate Bat pattern and I will expect an even sharper reversal.
I'll be howling for the moon if that happens!
What do you think is next for SHIB?
Bitcoin Bears or Bounce?Looking at this 4hr chart it's clear to me that Bitcoin is at a critical level.
If we have more downside we should find some support around $34,000.
If that does not hold then my next level to watch would be just below $30,000.
If $30,000 doesn't hold, I would look to around $20,000 next. I remember that there is a CME gap around $9,000,
but I've been running all night and I'm too tired to verify it.
So if we do continue down, just understand that anything is possible.
Do I think we will go that low?
No I don't, so I'll be looking for that bounce around $34,000.
But I am just a werewolf, so don't take any advice from me!
I spend most of my time running around in the woods and scratching myself.
I'll be waiting in the bushes to see how this plays out. What is your plan?
Owhooooo!
Bitcoin Moon or Doom?Looking at this 4hr chart it appears that Bitcoin is at a critical level.
My whiskers are telling me that there are a few different possibilities moving forward.
One way this could play out is, if the Shark and subsequent Cypher harmonics are valid, then we would and could see a strong move to
the upside. I would like to see BTC move up to about $54300 and start to build support (the .786 yellow Fib on the chart).
Another way things could develop is if we see another leg down. If this happens I will be looking for support around $43,000. This could be a back test of the giant bull flag break out. A strong bounce here would mean we could see a move towards the top of the channel and that could mean new ATHs. I will also be looking at $42,000 as a "make or break" area. A move below $42,000 and a back test as resistance would indicate to me that we could be going much lower.
For now, I'll be waiting in the bushes and watching to see which way we break out of this zone (defined by the yellow Fib).
What do you think will happen next?
Owhooooo!
I Went Long XYOLooking at this daily chart it seems that XYO has completed a bullish Bat harmonic.
My whiskers are telling me that this could be a good place for a reversal, so I took a small long position.
Let's see if it plays out to the upside or if it rolls over and I get stopped out.
I'll be hiding in the bushes and watching Bitcoin and the overall crypto markets closely, as I think that if we see more downside generally then it will pull alts like XYO down regardless of the TA.
But a werewolf has got to try.
What do you think will happen?
Owhooooo!
XYO Bullish Bat XYO has had me howling for the moon! I've sold my bag and am looking for reentry.
For now, I'll be waiting in the bushes and watching XYO to see if this bullish bat harmonic completes.
For me the PRZ is pretty narrowly defined by three numbers....the 1.618 of the alternate AB=CD, the .886 retracement of the XA leg and the 1.618 AB leg projection. I also see a break down out of a symmetrical triangle. The measured move of this break out compliments the PRZ as well.
I do see some potential short term hidden bullish divergence. My whiskers are telling me that this will push the price up in the short term to test the local resistance before we continue downwards.
For these reasons I will be looking to get long if the pattern completes and I also see a sharp reversal in the PRZ. I will be looking to see if all the numbers are tested as this pattern plays out.
What do you think about XYO?
Owhooooo!
GALA Break Out!Looking at this 4hr chart it seems that GALA has completed a Bat-like harmonic.
It also appears that GALA has broken out of a descending channel that it has been in since November 26th when it peaked at just over $0.84.
My whiskers are telling me that Gala Games will be a major player in the metaverse and play to earn spaces. For me, this means that it has good long term upside potential.
If GALA continues to perform and Gala Games continues to produce then I will be howling for the moon for GALA!
What do you think about Gala Games? Do you hold any NFTs for any of their games?
Owhooooo!
Bitcoin Shark in the Water?Looking at this 4hr chart it seems that Bitcoin has completed a bullish Shark harmonic.
For me, there is a danger zone around $55,000 where the Shark could evolve into a bearish 5-0 pattern that would push us down to retest the bottom of the blue ascending channel.
I think that this correction could be a healthy retest of the bull flag break out that occurred at the beginning of October.
That is assuming that we do get a good bounce above $55,000.
If we do then I'll be howling for the moon and will have a target of about $85,000 and then $110,000.
If we get rejected and a 5-0 forms I would expect a move to at least $43,000-$46,000, but wouldn't be surprised if we touched $35,000 (whimpers).
I will be hiding in the bushes and waiting to see if some bullish divergence develops. For now, I'm a bit hesitant to get long.
What do you think?
Bitcoin Bottom?Looking at this daily chart Bitcoin seems to be forming a Bullish Cypher-like pattern.
I'll be waiting in the bushes and watching to see if we get a third push to the downside to complete the harmonic.
If we do I see strong harmonic support between about $49,900 and $46,600.
A move down into the PRZ would potentially give us a back test of the bull flag break out that occurred on Oct. 5th.
The potential area of confluence that I marked on the chart would be an ideal and healthy bottom around $44,500.
I'll be looking for the price to test all the numbers in the PRZ, and then I will look to get long.
For me, this would be a spring board that could propel Bitcoin towards the measured move and harmonic targets.
What do you think?
Owhooooo!
Bitcoin Cup and Handle?! Owhooooo!Looking at this 4hr chart it looks to me like a giant Cup and Handle formation has formed.
Honestly, I'm kinda obsessed with these half moon, full moon, whatever moons...so do with this what you will!
A move towards $50,000 would be in agreement with my previous BTC idea (Bitcoin Bottom?) in which I described a Bullish Cypher that could take us down towards the $46,0000-$50,000 range before more upside action. This could be the spring board to take Bitcoin towards the top of the blue channel.
If Bitcoin can break above the handle and then get above the neckline of the cup I will be howling for the moon!
What do you think?
SHIB Not Slowing Down!?This 1hr chart for SHIB has me howling for the moon!
It seems that we are breaking out of a symmetrical triangle or a bull flag formation. For me, the completion points of the two yellow measured moves creates the target range for the breakout.
If we move down, I will still be howling and looking for a bullish bat formation to develop. For me this will be a good reentry point.
What are your targets for SHIB?
Bitcoin Bulls Still Running?Looking at this 4hr chart I see a break down out of a Head and Shoulders pattern.
The target is just above $52,000. My whiskers are telling me that if we continue downwards we could even go as low as $46,300, which would be testing the .786 Fib retracement of the bullish impulse that took us to a new ATH.
For now, I'm hiding in the bushes and waiting. I'm tentative to go short since I see some Hidden Bullish Divergence. For me, this could indicate a bear trap. It would not be a surprise if we moved upwards instead and retested the ATH.
What do you think? Are you bullish or bearish?
Owhoooo!
Bitcoin's Biggest Bull Flag Ever?Looking at this daily BTC/USD chart it seems that Bitcoin has broken out of a large pennant structure and is forming an enormous bull flag.
I've been waiting in the bushes for confirmation of a continuation of the overall bull trend, or inversely, a confirmation of the beginning of the bear cycle. Now I'm ready to pounce (yes, werewolves pounce) and ride this next uptrend towards 100k!
This move has me howling for the moon! What do you think? Bull flag or bull trap?
Owhooooo!
WazirX Doing It Again?!Looking at this daily chart it appears that WRX is reaching a critical area of consolidation and a break out seems likely.
If we break up I'll be expecting a new all time high.
Owhooooo!
GRT Breakout and Back TestThis 4hr chart shows The Graph (GRT) breaking out of a large consolidation.
For me, this is a bull flag with a nice back test of support. The target for this break out is about $4.27.
I think GRT has great upside potential because it is similar to LINK in one key way...it will become a critical component of the cryptoverse infrastructure.
Owhooooo!