12-15 btc [evening update] ~good evening,,,
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starting to like what i'm seeing across the board,
today's dip in the stonk market pretty much solidified something very important into my mind.
i'm going to talk more about it in my evening video,
so do check that out if this is something that interests you.
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over the next few days, i think btc's going to create a trap wave,
once the trap wave is completed, an expansion to 19k is expected.
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you know what comes after.
✌
BLX
btc 12-14 [evening update]good evening,,,
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really weak rejection today - almost non existent compared to the trials which spx went through lol.
>a sign of strength imo.
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a sign of strength doesn't mean we can't take out the lows though,
so that's what i'm bringing to the table today.
we grind up into december 23~28th,
then pivot down to take out the lows.
most people will panic sell down there,
but if you know it's the real bottom, you'll be buying.
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not financial advice or anything,
just some art to hang on your wall.
btc 12-13 [alternative]quick intraday update here ~
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there's a very real alternative here
this scenario is not very probable, but i gotta talk about it just in case.
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very possible we have created a triple 1-2 in the local region
which would absolutely send btc if true.
the ultimate target is between 25~29k, but i'm not 100% sure it goes there yet.
>anything is possible though, don't discount it
>and also, don't bet the bank - know when you're right, and know when you're wrong.
>stop loss is your friend.
btc 12-13 update ~what a trap wave lol.
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this morning opened up two paths imo,
the first one is labeled in red.
it's possible to use the previous chop from november to finish a simple zig-zag here,
if this is the case, we will raid the november lows before trying to move up again.
👇
the second one is labeled in green.
implying that 5 waves up is close to being finished through a leading diagonal,
and we're about to correct down in 3 waves before seeing strong continuation to the upside.
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regardless of what happens from here,
i do believe we're going to be consolidating over the next few weeks at the bare minimum.
es 12-12 updategood afternoon,
slight change to my overall trajectory.
still bullish, but we're going to have to build a bit more structure imo before going back to ath.
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eyeing a move up into december 23rd on es1! to roughly 4160 {maybe a tad higher on a short squeeze}.
will give an update after.
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btc 12-12 update ~good afternoon homies,
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slight change to the overall trajectory as of yesterdays push down.
the local divergence has created a bit of a hint as to what may come next.
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i'm looking for a local uptrend into december 23rd to roughly 19~20k,
will give an update once we get there.
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btc 12-12 pt.2good evening,,,
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btc honestly doesn't look that great as of today's trap-wave.
normally, we don't wanna be going up into cpi.
because we went up today, i believe we go down tomorrow,
but that dip is likely for buying.
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not financial advice, just my unique perspective on the market.
✌
full moon rituals.happy full moon,
>or is it?
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depends which side you're on i suppose.
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there's an old tradition which goes a little like:
>a man is allowed to kiss any woman standing beneath a mistletoe, and vice versa.
>if the kiss is refused, bad luck befalls the person who said “no.”
the man in this situation is btc,
and the woman is all of the liquidity created down below.
😘
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long the grinch box
tp 18k
btc 12-7 [bull plan b]gm.
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gotta make this post real quick due to this overnight structure.
before you read any further, go look at one of my old posts via:
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that is what i think could precisely be at play ☝
basically one more low to catch some stops,
then massive spring phase.
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not sure which one the market is going to initiate,
but i know for sure that we gotta be ready for both.
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ps. i'm going live at noon eastern time, swing by for more info.
AW BITCOIN ANALYSIS - An Overview of the Current Wave Setup...I am back after a good break and ready to bring you the best wave analysis on the web.
The move down continues in this Crypto Winter\Bear Market.
This video breaks down the larger picture with large degree wave counts and then down to recent small degree moves.
Through process of elimination, it became clear that this move down is nowhere near complete.
Current Wave: We are currently in Wave ii of Wave 3. In Wave B of Wave ii which is expanding to the downside similar to Wave 2.
I expect Wave ii to complete below $18,000 or the end of Wave i.
The reason for this is that the larger move down (WAVE C) will get weaker as time goes on including all it's corrective components as they expand to the downside.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
btc 12-6 [bull case]g' afternoon my bear frens
coming here to bring you a delicious bull case.
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will keep this really simple.
i think a majority of the market is in a nested 1-2 down here,
and i'm predicting it causes a parabolic rip upwards to about 20k+
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the catalyst will likely be cpi print beat + jpow starting to reduce the amount of rate hikes going forward.
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this is not financial advice!
this is simply A bull case.
there's like 10 bear cases and 1 bull cases right now, so take what i'm saying here with a total grain of salt.
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The fearless minds of strong men!Through out history men have done great things, so great that some are still not understood today in our modern advanced world. We tend to think they had less then us, (most likely true) maybe that's what made them great, the will to reach new heights. It's the unknown that they reached for for fearlessly. Most of the time reaching for nothing or too high. Through virtue and passing knowledge to one another while working together the steps to greatness have been achieved over time.
In our modern world many things have changed but our senses remain the same. Fear still has the same effect on us, it makes us do irrational things. Decisions made under emotional distress has always led to the same results through out eternity.
Another quality these men had was to go where others had not or dared not. Once again fear, fear of the unknown. Travelling the path less travelled. If the path is less travelled than by default there is more new things or ideas to discover.
Having said all of this about conquering your fear and being bold, another thing all these great men had in common was preparation, organization and contingency plans with alternate strategies. Preparation and plans are tools to control your fears and emotions.
This brings us to to Aristotle. Arguable one the greatest teachers of all time. He said "We are what we repeatedly do. Excellence, then, is not an act, but a habit." So... making small gains in investing is the longer march to victory. He also said "those who know, do. Those who understand teach." Aristotle taught Alexander on a face to face basis for approximately 7 years. Alexander then went out to find his destiny saying, "There is nothing impossible to him who will try."
On to Julius Caesar and his famed glory, he always looked to match Alexander. Some of His famous quotes are "Without training, they lacked knowledge, without knowledge, they lacked confidence, without confidence, the lacked victory." Once again, preparation... with that preparation he was then led to say another famous quote, "I came, I saw, I conquered."
Trading view understands this as well and they have the same outlook. "Look, then leap." This a climbing the mountain outlook. At the end of the day it's the same thing. Investing is very similar to preparing for battle or for a difficult climb. Investors are both your allies and enemies just like the terrain on a climb or the battle field . It's up to you to figure out and know when to push and when to retreat.
Looking back at history can be insightful to say the least. When we look at charts we are looking at what has past before and look for the similar patterns. This too is not new knowledge (history repeating) it's age old information but a lot of people today are blind to it. King Salomon quote in ecclesiastic eludes to just this. "What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun." History is cyclical it always comes back around in some form or another. Another great quote from Salomon is " words kill, words give life, they're either poison or fruit... You choose."
I have added the CM_Williams_VIX to the chart. On the monthly it has done some interesting patterns in the past, take a look.
So... Choose your destiny, it's up to you. What ever road you choose... be blessed, if not one way, another, and always make the best of what comes your way.
Thanks for looking
WeAreSat0shi
Stay Blessed!
btc 11-26 updategm
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i've been trying to figure out a way to finish the count at 13\14k, but the structure just simply will not let me.
so i'm proposing an expanded w5 to finish the count between 11~7k.
that might seem low to some people, but when you zoom out - it's just a little ripple in the ocean.
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the final capitulation phase in crypto generally see's the hash-rate crash through the ground,
the weaker btc miners go insolvent,
and most of the major players who were not prepared for this \ who were over-leveraged, simply just fall off the grid.
it can be easily avoided,
by not being in the market at this time.
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ps. i could be wrong about the bear case - so refer to the bull case if you're on the other side.
👇
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and if you've made it this far,
just know that it's always darkest before dawn.
👇
🔺
Bitcoin Bear Case.Dang, i really didn't wanna share this - but i feel it could be important.
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there's a serious bear case to be made here,
one which is literally other-worldly.
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a picture's worth a thousand words,
so perhaps i'll let you decide.
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ps. this is not my primary, just a backup - in case something really weird happens in the days ahead.
btc 11-18good afternoon,
really quick update for you guys.
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lot has happened over the last few weeks, but things are starting to slow down - which is a good sign for the bull case.
i initially gave you guys this setup before i left on my vacation, and we've been slowly but surely coming down to my level.
check out that post via:
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overall, next week is the new moon, thanksgiving day, fomc, and more.
might see an anticipatory spike, followed by the final capitulation .
after which, IF all goes well, we should theoretically be able to see a significant reversal to the upside-
emphasis on the word IF.
$BTC to $23-25k, then $15.8k? The ultimate bull trap?Alright, as many of you've seen, I've updated my previous chart in the comments and have become short term bullish. I do think that BTC heads higher in the next few weeks tagging the $23.5k mark or $25k mark. I was originally thinking that this would make the short term bottom of this move down, but now I'm questioning that thesis and I think that this is the more likely scenario that will play out... Let me explain.
Something never looked right to me when analyzing the Ichimoku cloud. Why is it trending down on the 2D chart? Also, if you analyze it from a 3D chart, the cloud is too thick with resistance to break through. So that leads me to believe we're not ready for the breakout higher yet.
From all of the charts I've seen people post, most people think we're going to $21k than instantly reversing lower. Then the other camp thinks that $23.5k is the line in the sand, and that if we break that, we've started a new bullish trend. This all leads me to believe that the most likely outcome is that we break both resistances and hit $25k, and only after we don't break that, we reverse lower. I think that would lure the most people into the market. I think most people at that point would think to buy the dip (because again, the new bull trend is starting). However, I think rejecting $25k, would just form a double top from the move back in August and setup a move lower (where we finally break the lows).
I think if this all plays out, and we can't surpass $25k to form a new high, it sets up the move down that I was expecting to around $15.8k. I think the move up plays out before the middle of November and I think the move down would play out towards the back half of November bottoming sometime in early to mid December. I've added pivot points to look for changes in price action.
Only after this plays out, would I expect a large bear market rally (one that takes us back up to the $30k region).
I am long BTC and a lot of alts at the moment (because I'm expecting 50-100% exit pumps before we head lower). On any significant moves higher, I'll be locking in profits because I don't want to risk staying in the market if this plays out like I'm expecting.
Good luck. Let's see how it all plays out over the coming 4-8 weeks.
Can the Pi cycle top predict the bottom?Can the Pi cycle top predict the bottom as well? Yes it can, it has on three different occasions. Coupled with the investors tool not only has it predicted 3 bottoms within 10 days but also the percentage within 7%.
In order to see view this you must be on the one day chart and use the investors tool with the Pi cycle top indicator. When the Orange line has crossed down below the the bottom of the investors tool trading range in the past it was precisely at the bottom within 10 days and has done this on three occasions that all marked the bottom. 2015 was the first time and it fell 53% (you can scroll back to see) 2018 was the second @ 45% fall and the third time was June of this year that fell 49%.
both times afterwards price action met this line (Pi Cycle orange) as resistance including this year. On both other occasions the end of the bear market was marked as soon as price action broke above and then held this line as support.
SO far it's all playing out perfectly, so for me only have we market the bottom we could be ready to flip this line in the next few weeks.
We should never use just one indicator to come up with a conclusion so it's our job to find more of them. Let's see what you have.
Cheers and thanks for looking
If you have any questions or comments please don't hesitate to comment below.
Does history repeat?The question here is, if history repeats and how accurate it may be.
Well so far it has on two other occasions irrefutably along with the RSI.
As we can see here on the 5 day chart the 21 day yellow line crossed the 200 day purple line right on schedule. In previous history the 21 day cross came after the price bottom and had direct correlation with the RSI. The RSI then formed bull divergence and kicked off the next bull run. Looking at this bear market there is almost an exact pattern playing out with all of the indictors including divergence.
I also have linked another chart with similar evidence in as well.
Let me know what you think in the chat below.
How strong do you think historical data is?
Do you think it likely plays out ?
Is this time different?
*Always drink and invest responsible*
Bitcoins first time ever!! This may be concerning.What is it that bitcoin has done for the first time ever?
well, it's two things.
Moving average legend
Yellow 50 week
red 100 week
purple 200 week
white 300 week
First being, the cross of the 50 week and the 100 week had meant the bottom was in and there was never a lower low after that point. In fact it would rally up to the 50 week and meet it as resistance.
Second being, Bitcoin had never breached the 300 week moving average before. The first time it touched it was in the covid crash of 2020 but it didn't breach it and actually took a very strong bounce off of it. So this could have been for telling of the future for but were we paying attention? Well not only has bitcoin been battling with Moving average, it just breached it substantially. Not all is lost yet as the week hasn't closed yet. Bitcoin needs to close above 18.1k for this not to happen.
The good news is Bitcoin does have a bullish divergence on the RSI and price so let's keep an eye on it and see how it reacts now that it's pierced this moving average.
I just added the 400 week Moving average (green) on the chart and oddly enough it sits on one the strongest support of Bitcoins history @ 13.7k So if Bitcoin doesn't close this week above 18.1k, and meets this 300 MA as resistance next week, you best believe we will go lower to 13.7k
Thanks for looking and leave thoughts or questions in the comment section.
WeAreSat0shi
Not investment advice>
11-10 btcmornin,
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nice pop overnight, as expected
next move will surprise the majority yet again.
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theorizing one more low, to create a bullish divergence, stop out late longs, flush out over-leverage, get the bears to average down, get late bears to fomo, backtest the bear channel, and complete the correction at 13k before seeing one of the largest short squeezes of our lives.
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