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the wild wild westwelcome to the wild wild west, where anything goes lol --- despite this wavy move up today, i still have this feeling that we aren't done correcting yet- from this particular perspective, i am looking at the move between yesterday and today as an expanded flat into a wave B which would imply that we have a wave C to go to the downside. i very well could be wrong here, and the bottom might just be in, but it's a vibe i'm getting that makes me think otherwise. wave c target = 31.6k
Short
by notoriousbids
8
Uptrend still intact.This is a chart of the total crypto market cap on the monthly. It's clear to see we are still in an up trend, but will it hold? The entire market is showing a bearish divergence on the RSI but we have previously had a strong bounce off off this level. If the market does a similar thing this time we should be in for a strong bounce up. The question remaining is will it make new highs or rollover and go lower? Stay tuned to find out. If the monthly RSI can break through the resistance at about 76 then I believe we will. Lets keep an eye on it and see the close for February, then the next couple months and see where we are in April. At that point there will be more information for us to asses going forward. * Never buy and sell assets according to the news*
CRYPTOCAP:TOTAL
by WeAreSat0shi
1
call me wildcall me wild, but im going to roll my +1000% short into a 100x long at my red target. this is something i don't usually do, but the market has given me this gift, and i am going to attempt to multiply it 😅. ---- so in my morning post i targeted the red line on my chart via: i did not expect us to come down here so quickly, but that's the beauty of this market, gotta expect the unexpected. if i'm right about this, 34.5k will be the bottom of wave 5 of Wave (1) of a higher degree, after which we should in theory see a 3 wave retracement into a larger wave (2) before further continuation to the downside. now it is very possible that we don't see this bounce, but instead see a full blown capitulatory event down into the crypto abyss (to around 24k would be my best guess) - so be ready for it if it was to happen! ---- ps. stop is tighter than all of the longs who are panic selling right now.
by notoriousbids
18
btc 2-23 update pt.2good evening humans ~ a ton of people are starting to turn bearish for some odd reason 🤷‍♀️ time for a little bounce to shake things up. ---- we seem to have completed 5 waves down into a sub wave 1 of the primary wave (5). should see a little bounce that retraces 65~78.6% (potentially 88.70% if things get really heated) of todays drop before continuation to the downside. expect it~ ----- most people turn bullish at peaks, and turn bearish at bottoms don't be those people. ✌
by notoriousbids
2
btc 2-23 update morning ~ my expanding diagonal was invalidated, but the 0.382 wave 4 target still sits over here in my bear post from yesterday, if you look closesly, i had a burgundy box around it, and we are here today. the key is how it came up here, through a 5-3-5, which is an abc, rather than an impulse. it can expand higher, and invalidate this bear idea easily - so tight stop on this swing. a push above my 100% extension, will likely send it much higher, and confirm a bullish breakout. w5 target = 34.5k
by notoriousbids
4
"The Bullish Argument".People often ask me, Elo are you bullish or bearish? And I always think to myself, why would I be bullish or bearish? Why can't I just be both equally O.o? Wolfish m8, I reply. ------ The argument against my bear case is this wicked triangle. It is one of the rarest moves in the markets, happens every 1 in 1000 setups. Usually fails Very hard to predict. ----- That being said, if we are going to play out this freaky triangle, we're going to have to see some bullish momentum enter into the markets in the next 24~48 hours, otherwise this house of cards is going to continue falling apart. 🔺
by notoriousbids
17
"the trials will continue".the long squeeze continues, as longs get frantically pushed out of the market. talked about it in my last video, and it's been playing out word for word since we topped out at $45924.5. ---- what am i seeing here? an expanding diagonal for the fifth wave of the primary third of this local impulse. ---- >fear\greed index sits at 20 right now, i'd like to see it at about 10 by the time we bottom. >next dip will really scare the majority, forcing them to panic sell whatever positions they have left for a loss. >that is when a larger bounce will take place. >it will be short lived >it will get rejected >the majority will get stopped out before btc finds a significant bottom closer to 32k. >very few will have the courage to buy down there. ---- ps. it's possible my fifth wave will only be wave (A), which would imply 2 more waves to go, and a deeper move than most humans currently can fathom. ✌
by notoriousbids
3
btc 2-22 update ~good morning ~ btc seemed to have bounced off my level from yesterday almost perfectly. --- i see two paths from here: the first path implies that we are still in the midst of working on a 5 wave impulse to the downside, and we are currently in a wave 4 \\ will begin a wave 5 to around 34k before we see a mean retracement. the second path implies that 5 waves down has been indeed completed, and we have begun a mean retracement to around 42k before further downside ensues. --- on 2\25, max pain on expiring derebit options sits at 40k (on $1.5b worth of premium), which gives us a higher likelihood to play out the mean retracement. though, when everyone expects something to happen, it almost certainly never does. be cautious, and expect the unexpected 💸
by notoriousbids
4
btc 2-21 update~morning, as we continue the descension (as predicted in my last video) i see one of two paths both paths give us a decent sized bounce at the monthly 21ema closer to 36k a deadcat bounce more likely than not before further continuation to the downside. a conservative downside target once that bounce completes sits at 31k worst case scenario it drops to 23k (monthly 55ema). ----- similar to 2018 & the covid crash in 2020 (the last few times we challenged the monthly 21 ema on such a great scale \ once it broke down we saw a real capitulatory move down to the 55ema.) trade safe 💸
by notoriousbids
17
btc 2-20 update good afternoon ~ btc is building extensions on extensions right now, looks really good for the original case i had built for it via my last video update; if you haven't seen it give it a watch. ---- there is 3 potential outcomes this may lead to, and i kinda like them all equally as of this moment. -2 are short term bear, -1 is short term bull the two short term bear cases lead to a large bullish move afterwards, the 1 short term bullish move leads to a cataclysmic descension into the crypto abyss after. gotta to see more chart data in the days ahead to know exactly which one is playing out - stay tuned for it. ---- btw, cash is still 👑 💸
by notoriousbids
3
btc 2-18 update ~good evening, as this current move unravels, it becomes a lot more clear as to what could potentially be happening here. after further examination of the entire wave structure from the last few years, i was able to come up with a scenario that i haven't seen anyone else talk about. i will be sharing it later on down the road, once i am able to further confirm my theory. --- currently i think we have completed wave 3 of the local impulse moving down, and are currently working on a wave 4. (it's also possible wave 4 turns into a flat, or a triangle, in which case it will not reach the target portrayed in my local projection). wave 5 takes us down closer to 38.5~38.4 to complete the local a-b-c. once this local move is completed, we should see a fairly nice move up.
by notoriousbids
5
BTC - Where we exactly are? & The next possible Big Moves of BTCWhen you have a Dia formation, and wave "G" has finished, what can be expected afterward (price and time)? ANSWER : This is a "high level" question, so if you are not serious about wave theory, don't continue. The post-pattern action following a Dia is not dependent on the Dia itself (as with most other wave formations), but relies on the larger pattern the Dia concludes. For example, did the Dia end wave-A of a larger Flat or Triangle; was it wave-2, wave-4, wave-x, etc. In order of priority, these are the things you can expect following wave-G of a Dia. The wave right after wave-G will be larger and faster than any "same direction" leg that occurred during wave-G. Next, if that post-G-wave is also larger and faster than waves-B, D and F within the Dia, then the Dia ends a single leg of a larger formation. If the move after wave-G is not larger and faster than waves-B, D and F, then an X-wave is probably forming. Otherwise, the Dia will be one leg of a larger, ongoing pattern OR it will be wave-1 or 3 of a Terminal formation. ------------------------------------------- So What does it mean ? It means, We can expect 2 Scenario) 1st: This Dia itself was Wave 1 of an impulse wave (a Huge Terminal Probably) (Low possibility for this scenario) That's why we are in correction for +280 Days yes it can be the wave 2 which is happening now Its not X, Coz X Itself can not be +0.618 of G , but this is 2nd: This Dia itself can be A - ABCDE - of a Triangle (Higher Possibility in my opinion) In Both Scenarios - We Should count the waves by ABC, not by 12345 - coz Dias are definitely corrective formations. and we are in 2nd wave(for 1st scenario) or B of a Triangle Which in both case is ABC or ABCDE or whatever xD If u ask me this was the End of G (59.9k) Not the 64.9k ---- Some Related ideas --- I ll update this later when the time comes Whats your opinion for this idea? Agree? or have another Scenario in Mind ? If u want, u can always share it here xD
BNC:BLX
by Sina-Gr
4
BTC and JNK/TLT ratioI plot BLX (which is BTC) along with JNK/TLT ratio. JNK/TLT ratio is (Junk Bonds ETF) / (20 year bond ETF ) . This ratio can serve as an indicator, to show if the market is loving risk or loving safety on a macro level. Risk on to risk off ratio. You can see that the JNK/TLT ratio correspond with market bull & bear cycles. Notice the JNK/TLT tops form a trend line, and have some correlation with BTC tops - though not to the exact day or week. I used the green box to mark a kind of fuzzy area, where the JNK/TLT did not top at the same time as BTC. Notice the end. Will it touch the trend line as BTC tops out? Or Is it possible it plays out like the green box range, where BTC tops, and the JNK/TLT dances along underneath the trend line a bit further, because the stock market hasn't finished its run yet? Or did BTC top at $69k already? Make your own conclusions. I'm in alt coins. :-)))))) Green lines indicate JNK/TLT tops and red lines JNK/TLT bottoms. I then drew them up to BTC looking for correlation. I learned this chart from "Game of Trades"
AMEX:JNKLong
by gz1968
Wave theories , Are they related to Chaos & Relativity Theory ?This this the 4th update nice, we did it, and now we have LL , but still we can hit 45k 45.5k or even a little higher, hitting higher than 46k is not good for this scenario (shorting) anyway i m posting again to share something with u about wave theories First things first, Market is not static, and its not Accidental - it has never been in wave theories , past, present & future are connected - (kinda related to: Theory of Relativity & Chaos theory) this means : past waves pattern can make the future waves at the meantime the next 1 candle even in 1 min timeframe can change the whole past wave patterns and make new ones i mean 1 candle in the present can change the whole game , past patterns & the next coming ones But this doesnt mean market is unpredictable its very clear that if u understand it well, u can predict the every single move right before it happens But no one can predict the next upcoming 10 moves together coz of that present 1 candle - which is happening now , and if u could Noticed that one's pattern , yes , the next couple ones is for u i hope i could explained transferred it well
by SinaGr
Quartervois.good evening ~ a quartervois is a crossroad; a critical decision or turning point in ones life. btc is currently at a critical point, and a big decision will be made in the days ahead. ---- i've got 4 projections on my chart here, 3 bring us down to the area between 31~27k 1 takes us up to the area between 48~50k. the choice is yours. ---- full disclosure; i am bearish for now - and have no reason to be bullish until the charts tell me otherwise. once this final long liquidation event takes place, i'll have a lot of long setups, but until then i am cash \ sniping shorts. ✌
by notoriousbids
5