full send. (primary)follow up to the original thread via 👇
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my bias remains the same despite this little move up.
looking for 29~30k before we see a larger move to the upside.
still adding to my short from yesterday \ sticking to the og plan.
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not financial advice, just a bet against the majority.
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wave 5 target = 29k
BLX
Bitcoin bears stepping into a bull swampHello everyone,
nothing special here. I just wanted to mark out the current range as a possible bounce zone for thoose waiting to enter patiently.
Current price bounce expectation supported by MA, VPVVR and price action
ChaChain
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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 (bull case).morning,
as btc moves higher and higher out of this range, a bull case surfaces out of the woods.
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If a bottom has been put in, (big if), then we are likely beginning a large 5 wave impulse to the upside.
that impulse would have us coming up above 200k.
it won't go in a straight line, and there will be plenty of opportunity along the way to jump in, so there really is no need to fomo.
my plan, if this continues to develop, would be to patiently allow the first wave to complete, and grab some longs on the wave 2 pull back 💸
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ps. to me, it really doesn't matter which way the market goes, we made a lot of money on the way down, and if it wants to start moving up, we'll easily make even more money on the way up.
ps.2 just know; i'm not saying this is what is going to happen - just an argument against the bear case as of this moment. there is no single path in the market, so expect the unexpected and be ready for any outcome.
best of luck!
"they didn't know"and if you don't know, you will soon.
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here's my completed primary wave count of the entire drop from 68k
i believe we're playing out an ending diagonal for the final wave C of the larger wave (4) of a higher degree.
this final move down sets us up for a massive move up in the year ahead.
looking for 28~29k as a downside target before a move up that takes us closer to 150~200k.
✌
logarithmic bear fork.this morning we broke out on the linear scale, but the linear scale isn't really something that i care very much about.
i'm a logarithmic trader, and this is my logarithmic bear channel.
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as btc approaches the top of my channel, i'm starting to see signs of weakness.
i'm short from up here unless btc breaks out of this one 🔨
Regresioned EW BNC Index technical analysisNothing special here, just calculated regression (Not manually drawed one of red and green line)
+ some EW´s + MA´s application which seems to be strong to use from long term analysis and mid/long term smart spot trading with reduced risks and still big profits
www.tradingview.com
The best is in my opinion yet to come
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
🌽good evening ~
been pretty much on the sidelines with crypto these last few days - made a few scalps here and there, but nothing more than that.
as the pattern continues to unravel, it looks a bit more clear as to what is happening here.
possibly working on a larger abc\wxy in this local region.
how it fits into the larger count is beyond me, but it's probably some kind of larger wave 4.
also possible it could be turning into a massive leading diagonal (which would be interesting as well).
time will tell as to what this move becomes.
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though, what i do have to say is, i think we find a local bottom around 36k, and make our way up to 42k in the week(s) ahead.
could take awhile, or maybe it moves fast; give it time, and let patience take the wheel.
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wave b target = 36
wave c target = 42
✌
cashmeoutside how bout that?good evening
lot of bulls in this market right now
i can sense the euphoric moon bois creeping back in over these last few days
love it when this happens.
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been hanging out in cash since yesterday, and decided its time for a little short swing.
my target on this trade will be closer to 30k - and i also get this feeling that 30k is not going to be the bottom quite yet.
feel like we have a few more months of pain before any kind of life comes back into these markets.
✌
BLX Log Chart AnalysisJust my opinion of what the macro trend is for the BLX chart.
Over time, we will continue to see the "floor" move up and "ceiling" increase as well.
Making some assumptions here, of course, as to the length of these bull and bear cycles based on the last 2 cycles.
No one truly knows, but this is what I am seeing so far.
30k by end of weekgood evening ~
so i was really hoping to see 40k get hit before this next phase begun, but it seems a lot less likely after this little drop over the last couple hours.
after breaking structure earlier, i do believe we have begun the final fifth sub-wave of the final fifth wave of wave (c) of a larger wave W (try saying that five times lol).
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i'm predicting we hit 30k by the end of this week, and that will mark a significant bottom in the crypto space.
how high we go after will be discussed in a future post (if you saw my recent video, you know exactly what i'm anticipating).
be careful this week.
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wave 5 target - 30k.
40ozgood afternoon,
btc is currently in a pretty tight squeeze
the order books are packed out with large buy \ sell orders in this local range.
one side is going to lose, and a big move is going to take place.
my bias is a move up to 40~40.5k
might stay in this squeeze until tonight before it pops.
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it could very well break down as well, so a tight stop is in place near the bottom of yesterdays daily low.
ps. if you have followed along for awhile, you'll know what the hammers on my chart indicate.
🔨🔨🔨🔨
distribution vibes.as btc approaches the local area of distribution, i could see signs of weakness appearing.
overnight move up doesn't look impulsive anymore
volume is decreasing
resembles wave b, x, or 2
if this is wave b or x, then we likely see 40k in the days ahead after a little dip down to 34~35k
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if its a wave 2, then we drop to 32~28k from here.
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i don't know what the market wants to do, all i know is i'm ready for either outcome.
are you?
✌
the final traphope i didn't scare you with that sell-off earlier,
just purging some late longs.
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anyways -
let's talk about:
>the decreasing volume into this push down
>funding is negative as of right now -
>the moonbois have scattered,
>fear is back in the markets
>>seems extremely bullish from my perspective.
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as we approach the 0.50% retracement, we are also back-testing the 1h ichimoku cloud -
if both of these levels could hold, i expect btc to make its way up to around 40k by friday.
this will minimize the potential loss mm could have from the billions of $$ in options expiring eom \ give retail the final bull trap before an apocalypse begins for the new moon on the first of February.
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if you caught a short at the top of my range earlier,
could easily cover some profits here \ use it as a hedge for a long from the bottom of this new range.
-- not financial advice, this is all just art.
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~your lips,
my lips,
apocalypse.
💥
👇
32khello,
here to say
there's a good chance
that bitcorn
drops to
32k.
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i don't think that'll be the bottom quite yet, but it's a step in the right direction.
stop just above yesterdays high ~
-not financial advice btw.
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as for what this structure is,
it's the most superior bull trap in todays markets.
>called an expanded flat.
>designed to trap bulls \ give beginner traders the wrong impression about which way the market is headed.
>learn the expanded flat, become a master of this market.
also - if you know, you know 👇
✌