btc 4-28 update pt.2good afternoon o/
in my last post i stated, if we broke above the key level i had displayed on my chart, then we would simply see an expansion to the upside.
btc fought quite hard today, and it's safe to say it has broken out.
i highly doubt it'll go straight up from here, but it's very possible.
bitcorn will be bitcorn, gotta be ready for anything.
target from here sits at 44k (at the minimum).
the reaction from that zone should give us a cleaner picture for the next big move.
BLX
btc 4-28 update ~as we near the end of this wedge, as well as the end of this month,
btc is starting to look less an less appealing from my perspective.
---
if we close this monthly candle below 38k, it opens the door for a drop to 25k within the next 30 days.
close this weekly candle below the weekly ichimoku cloud, and it adds confluence to the bearish theory.
---
i'm no financial advisor, so please do your own research - don't just blindly follow my ideas.
Xgood evening ladies and gentlemen.
here's another potential projection that could be at play.
original post:
this idea pretty much implies that we're playing out a much larger corrective phase, and btc will take a real deep dive after wave X is completed.
macro count from this perspective:
overall, this would still be very bullish for btc, despite the deep dive that follows after.
corrections of this magnitude take time, so a lot of patience will be needed if this is indeed the case.
btc 4-27 update ~morning o/
btc approaching he downside trendline
the reaction will be key for what comes next in my opinion.
a break below = a drop into the crypto abyss
hold as support, and we can see follow through to the upside.
3 days until monthly close as well,
if btc closes a monthly candle below 38k, it's game over for the bulls in the short term.
💰
btc 4-26 update ~good afternoon peoples,
looks like i was spot on with the expanded flat yesterday.
if you missed that idea, you can find it below 👇
as we approach the key level, people are starting to get a little spooked
but not me lol,
i'm a buyer.
---
i'm looking for a move up from my downside target to around 44k
the reaction from that zone will determine the next path btc takes.
i'll tell you right now though, it's going to be one of two:
#1- 54k
#2 - 31k.
---
play it safe,
use stops,
don't be too attached to any single idea,
best of luck!
This is what I see as a very possible scenario #btclongtermbulHey everyone,
Here is my refreshed Daily view on BITCOIN.
More Controversial traders won´t agree with me as I guess majority of you is bearish because of RUSSIAN-UKRAINE situation, but chart looks bullish for me and that is what matters personally 4 me if I ignore emotions which are bad for trading proper technical analysis balanced and correct R:R trading setups then it screams buy on me.
As breakout with retest played out for me I see this situation like a very solid long position setup with a very nice R:R which could bring in next 2-4months up to 150-210% gains with 3x leverage
Breakout with retest "zoomed" in
another reason why I see this bullish is that we are forming higher lows since Januray
#btclongtermbul
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
btc 4-25 update p.2good afternoon,
btc ended up squeezing up in what looks to be a corrective structure as of this moment.
while it does look impulsive, i think this is wave C of an a-b-c expanded flat.
a raid of 37k is expected, this will stop out a ton of people who provide liquidity to we the people who buy their stops.
uphill after.
hidden beargood evening o/
btc is printing a very visible 4h bearish divergence right now.
4h ichimoku cloud is overhead, good chance we see a rejection from around that area.
short term doesn't look so hot, might need another flush to reset the oscillators.
---
i'm cautious going into this new week.
Bitcoin & it's historical patterns.I made it color coded so it's easy to understand as the chart is kind of busy.
Are we still waiting for the final parabola that is the finale part (blow off top) of the 2nd cycle.
Lets see if this theory holds true.
If it does, another obvious thing is the the cycles are lengthening and the gains are diminishing.
So in this analysis I am theorizing we are in the cool off phase before the final top. It's just a theory and not financial advice, don't take it as such .
Just shows patients wins in this game.
this one's for the bulls (111k) 💰in my latest post, i briefly discussed the possibility of a very bullish formation taking place;
here's that post as promised.
---
there are many ways of interpreting the weekly wave count, in fact there are too many for me to even begin to get into right now.
though, as the days and weeks have went by, i've slowly been able to eliminate the ones which got invalidated - leaving us with fewer scenarios to work with.
---
what i'm proposing here today, is the potential completion of a weekly triangle (aka bull flag) which had begun last february.
if i'm right about this, Bitcoin cannot under no circumstances fall below $32918.7 - and i mean not even by a single penny.
for this case to play out, that pivot must hold.
a triangle of this scale is a massive phase of re-accumulation for some of the largest players in this world.
if they genuinely want this, they will get it.
---
in my last big prediction, i called out the top near 65k, and my projected downside target was hit perfectly.
feel free to backtrack to that post for more context 👇
---
ps. to that one keyboard here who likes to talk smack in the comments - i hope you know that the market moves in two directions, up and down.
we have made So much money shorting btc, as well as many other alts, that at this point it's almost silly to expect lower prices.
when the whole world turns bearish,
we the wolves turn bullish.
ps.2. just because i am bullish, does not mean that i am going long right here right now, but you'll know when i do.
---
Wave 5 target = 111k.
btc 4-23 update ~good afternoon,
just wanted to say that i think the weekly phase of accumulation is coming to an end in the weeks ahead.
the move i've got projected on my chart will be the final moments that bitcoin spends down here in the 30k range for many more years to come.
a lot of people are expecting lower prices,
but i got a feeling they're not going to get it.
final dip could go as low as 33k before the rocket launches into space.
👇
btc 4-18 update o/
often times when an asset nears the very bottom of a move, liquidity hunts begin to take place.
a liquidity hunt is basically a large player hunting for stop losses to increase their own exposure to the market.
meaning; when you get stopped out, someone else is buying your position for their own benefit.
---
at times there just simply isn't enough liquidity for some of these larger players to satisfy their own taste,
so they'll create liquidity by setting traps for the participants of the market.
one of the most common, and devious of these traps is called an expanded flat.
👇
w5 target = $37,430.
btc 4-17 update ~good evening o/
i think i've got some good news for the bulls today.
------
been observing a very bullish formation across many alt charts, and there's a good chance we see something pretty unexpected in the second portion of this year.
a lot of people are starting to lose hope, most are turning bearish, talking about bitcorn dropping to 30,20,10k (myself included)
but...
i'm here to say, that there's hope for the bull bros 😎
------
keep an eye out for a pretty big bullish update in the days ahead, as well as a pretty in depth video going deep into what i'm briefly discussing here.
have a beautiful week 💸
trapsontrapsgreetings,
while price might be going up, it doesn't look healthy.
i think this is all a big trap to lure in more liquidity.
tons of stops down below, like a massive amount which has accumulated over this last week.
got a feeling it's going to get raided hard, and the scam wick will catch a lot of people off-guard.
---
not financial advice, just a theory.
44kgood evening,
btc looks to be gearing up for a move up to around 44~45k
our indicators are starting to line up very nicely down here.
---
so long as the local low from today holds, we're game for a push up.
if the local low breaks, the plan is to get back in at the level just beneath.
---
have a nice weekend o/
btc 4-14 updatemorning,
with this new formation today, there is a possibility we have found a local bottom for the time being
this would imply that 5 waves down has indeed been completed, and we're currently working on a mean retracement, to push to the local golden zone up top.
failure to hold my green box, will likely result in a drop to 37.5k (based on the original idea).
lowkey bullish until proven otherwise.
something sinister.the downward move seems to be picking up momentum as of this morning,
there's a good chance this spirals down for the remainder of this week.
long liquidations could fuel the accelerated downward move.
if this does indeed play out, which i'm not saying it will,
then i'd be very interested in getting back into the market closer to 36k.
this would be another back-test of the monthly 21ema; something that in my opinion is required for another upswing.
overall i'm quite bullish on the market, but as of this morning i'm sitting in cash until things settles down.
i don't really care about catching the exact bottom of this move, i just want to do it safely.
btc 4-11 update ~good morning ladies and gentlemen ~
overnight price action was exactly what i had expected, played out perfectly + hit the downside target i was looking for.
from here, i'm eyeing a move up to 43,277; this level is most important in what comes next.
reject it = btc gets sent tumbling down to the next algorithmic level at 39,435
break above it, and there's a case to be made for upward expansion (will talk more about this outcome if it actually happens).
nasdaq looks primed for a move up this week, don't let it scare you folks; and when nq moves up, so does bitcorn 💰.