How deep does the rabbit hole go?“You take the blue pill, the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in wonderland, and I show you just how deep the rabbit hole goes.”
-Morpheus.
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I have talked about this scenario in so much detail since around July, have done many videos discussing my entire count from the beginning of time, wave by wave leading up where we stand today. Warned everyone, but most never believed me.
Would just like to say, i'm not here to convince you, nor am i here to be right or wrong. I merely share what i see on the charts and nothing more.
When I'm wrong, I learn - when I'm right, well that's nice too.
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March\April of 2022 will be the time we go long, and it'll be a time many of us will remember for the rest of our lives.
Might even be the last trade I take before going ghost.
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Ps. the path we take to get down to my target is unknown(since the market is never linear).
Expect infinite bull\bear traps along the way,
but if you are patient enough to withstand what is to come,
then you deserve eternal prosperity 🤝.
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💸
BLX
BLX.ASX_Retracement Trade_LongENTRY: 3.02
SL: 2.47
TP: 3.39
- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI -ve. But turning positive.
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Retracement to 50% fib. level and rebounded today with high volume green candle.
- Possible buyers coming back in today.
- Above HVN currently as well.
- Buyers-in-control actions on 11 Nov 2021 and 10 Dec 2021
one more leg 💰good evening humans,
so we saw that flush which i discussed in last nights post via 👇
but i don't think it's over yet.
this move came down with far too much force, and hit a very important level (the 2.618) wave 3 extension
which brings me back to my point -i think we have one more leg down to go - to about 33.8k
this will complete something big, and we will wiithout a doubt in my mind see a massive reversal from this level 💰
Wave 5 target = 33,743
btc 1-20 update.good evening yall.
in my last video update i discussed this exact scenario in extreme detail. go check it out if you haven't yet to get a better understanding of what just happened.
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talked about it in this post as well via 👇
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i share tons of scenarios, as i anticipate every possible outcome, every single time.
have always said this, the market isn't linear, it doesn't care about us, nor our ideas. if i could think of 5 outcomes, i share them all, and i await for one to start playing out - once it does, i simply trade in that direction.
i caught a trade at that 1.618 w3 target, and am currently up close to 100% on my 77x leveraged position - if i had not anticipated this scenario, i would not have caught that trade.
this morning when i exited all my positions, people told me i excited prematurely, some guy even laughed and called me silly - but something felt wrong about the market, and my intuition told me to get out. i will always listen to my inner voice, as it is what got me here in the first place.
>i rather exit prematurely, than too late.
let that be a lesson to you.
best of luck peoples, i really hope you had a stop loss if you were long from this morning.
✌
alternate btc case ~good morning,
seeing an alternative path right now.
it's a lot less likely to the first one i shared yesterday, but it's very much possible.
a lot of people are excited right now, expecting higher prices after this little move up - but we're in a complex correction here, and complex corrections are known to trick the majority.
it's very possible we raid the low 40's before making the highly anticipated move up to 45~46k.
not saying this is what's going to happen, but it's certainly in the realm of possibilities.
-expect the unexpected, and have a nice weekend.
Admiral Ackbar's warning!*This all for fun and is not financial advice*
I believe we will break out and confirm the break out with a fall on the resistance line making it support.
That should be the last flush out and it will cause max pain in the markets which will set up the next bull run.
Have fun, trade at own risk or just hodl.
Far out prediction 189k November 2022
𝟒𝟔𝐤good evening,
i was observing the order flow all day today, and it's quite apparent that there is a little phase of accumulation taking place in this range.
gotta lean with the original case from here, with a slight twist.
think we see a move up to about 46k in the next 9 days.
max pain on $2,039,677,024.46 worth of premium for the monthly cme expiries this month sits at 46k, coincidentally in confluence with my algo target.
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bullish invalidation on this swing sits at $41140.0 - stop loss just beneath.
wave C target = 46k
$29k-39k $BTC before we head back to $57k?In my most recent analysis, I had laid out the path for us to get to $57k-61k as the next levels of resistance that we need to hit. However, over the past few days, I've changed my view on $BTC going higher from here as it failed to get above the $52k level and hold.
Now I think the most likely path from here is for BTC to fall to the $30k range -- either stopping at $39k, or potentially testing the $34k region in the worst case scenario on this next move.
Then, I think even if we find support at $39k in January and if BTC bounces higher from there (even up to the mid $50k range or that $57k resistance), there's a decent chance that BTC bounces rolls over, forming a head and shoulders pattern and breaks down further to $29k-34k sometime in February or March before it finds some mid term relief.
If this plays out, it means that alts could see substantial drops from here. I'm fully in cash at this point waiting to see how the next few weeks play out. I will update alt charts once BTC finds a bottom.
I've drawn a few different scenarios I could see playing out. I don't know exactly the path BTC will take, but I know that these are important levels ($39k,34k,29k) that will likely get hit at some point. I'll update this as I see price action play out.
Stay safe out there and keep stop losses tight if you want to take the opposite side of this idea.
$BTC bounce to the low/mid 50ks? Then down to the $30ks again?Alright, updated all of my previous analyses w/ thoughts that we're bouncing here rather than seeing further downside.
The initial support at $39k was hit, and while I thought we'd see further downside before a move up, it looks like we're bouncing here at $41k and holding support.
I think the most likely scenario from here is for a bounce higher to play out and reject at either the $51k resistance or $54k resistance to the upside, reject at either one of those levels-- which would setup the downside move that I was expecting to either $34k or $29k supports.
The reason why I'm expecting a bounce here is because we're forming a bottoming pattern on lower timeframes. The indicator that I use to measure momentum/strength is extremely oversold on many timeframes and because we started to see buy volume come in after the stock market closed today and saw an initial bounce.
Idea would be invalidated on a break and close below the lows at $39k.
Let's see what happens from here.
bulls, just wanna have fun 💸quick update to my previous post via 👇
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the bears have been having an absolute ball over the last few days
they've been super excited, thinking we're going to 30k or something (lol)
i am the bear slayer
and i'm calling for a short squeeze within the next 48 hours
if you are a bear, and you're reading this
just know
that you will be slayed.
✌
bitcorn to da moon?no, not yet young grasshopper.
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looking like a classical wxy as of this morning
will reject one of the pink levels on my chart - i take profit on my long at every single one \ move my stops up higher into profit as we go.
wxy's can take time and are extremely corrective moves, so this last dip could take another 1-2 weeks to play out before we finally begin any kind of move out of this range.
downside target is sub 41k - could go low, but not lower than 39651.0.
it might be a 1-2 once it's completed, or an a-b; we really won't know until we see the move that follows out of this range.
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"the bear case"hello there, thought i'd share the bear case - just in case there was any bears out there hoping for lower prices (lol)
i'm not on either side, just a guy who plays a violin on the titanic. make money going up, down and sideways - so wherever it goes, is where you will find me.
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firstly, we must break above 43806.53 to invalidate the bear case.
if we don't break above this region, you can anticipate more trickery in the days ahead.
this particular case takes into consideration the potential of a fifth wave which has yet to play out
it would basically be an expanded fifth wave, and has a lot less probability of taking place than the current bull case.
downside target for the fifth wave would be closer to 36k, and it could take another month+ to play out \\ what you see drawn on my chart is just a road map of algo targets - time is not accounted into this particular case.
ps. i'm long from the bottom of the range, and short from the top of the range - stops at either invalidation point. whichever way it goes, i win regardless.
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A chart for the bulls: A $BTC bounce to $54-58k? My thoughts.In my last analysis here's what I said:
"Now I think the most likely path from here is for BTC to fall to the $30k range -- either stopping at $39k, or potentially testing the $34k region in the worst case scenario on this next move.
Then, I think even if we find support at $39k in January and if BTC bounces higher from there (even up to the mid $50k range or that $57k resistance), there's a decent chance that BTC bounces rolls over, forming a head and shoulders pattern and breaks down further to $29k-34k sometime in February or March before it finds some mid term relief."
Where we're at now:
I think that bounce scenario is about to play out. BTC fell to the $39k support level, and it looks to have found support there. I think the most likely path from here is that BTC will fall over the coming days - week to retest that level as support (this will also scare people thinking BTC is rolling over). If support holds at $39k-40k (which I'm anticipating), I think we'll see a strong bounce up to $54-58k before the end of January (with the possibility of an extension up to the $60k resistance.
HOWEVER, don't get too bullish there. I think this is just a bounce in a larger downtrend structure. I am still macro bearish. If we reject at those levels (anywhere from $54-60k), it just sets up a lower high on the weekly timeframe which would take us lower in Feb/March.
I still think we see lower BTC prices, therefore, this would be a trade for me. I am not buying for the long term. If that lower high is set, then I think we'll end up at $25k-34k after this move.
a slight deviation ~good evening -
looks like we are taking a slight turn to the expected scenario, and are playing out what i had originally anticipated via 👇
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the pull back that follows in the days ahead will determine the outcome of the next big move.
if it moves down in 3 waves to the bottom of the local range, then it's an easy long
if it takes out the lows in a 5 wave impulse, then watch out ;).
i'm open to any outcome; out here scalping longs and shorts all day - just happy this thing started moving again.
january 17th is a significant night in the markets, and i feel it rhymes well with what i have shown here.
best of luck!
weekly algo buy triggered.hello hello,
just wanted to share something on this fine day
btc is flashing a weekly algorithmic buy signal today
for the 4th time in history
i outlined the last 3 times it flashed (not counting the covid crash, as that was a unique scenario).
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what does this mean?
well, it just means the weekly algos are ready to start marking up the price again.
can we see more downside?
yes.
how high are we going to go?
time will tell.
ps. if you are a bear, don't be a bear.
💹BTC and Crypto Winter ❄️☃️❗❓ Last chance for BITCOIN 📈📉Are we in the bitcoin winter right now; Or has it not yet arrived and there is still another bullish leg left❓
As you probably know in order to have an bullrun cycle , something that drives the price ,is a huge volume and significant injection of liquidity to the market, which we have not seen anything special yet, compared to the previous Bullruns in 2013 and 2017.
this piece of puzzle hasn't revealed yet❗
and In my opinion, something that makes Bitcoin grow In 2020-2021, it was mostly due to the weakening of the dollar index and the increase in inflation, not just the entry of volume and liquidity into Bitcoin and the crypto market necessarily
and I guess that the big smart moneys hasn't injected yet .
and in the fractal point of view , as you know history usually repeats itself in the markets again and again , and I expect this will happen again for BTC , But the most important questions are ; Are we in the bitcoin winter right now; Or has it not yet arrived and there is still another bullish leg left?
Where is the position of BiTCoin right now , compare to its before cycles ?
, and as we see in the chart of the dollar index (DXY ) it almost have a reversal relation with BTC , and after any bullish cycle of DXY, bitcoin has started a downward trend and winter phase like after 2017-18 of btc bullrun , but also it is likely that we will have another decline in DXY index in the short time like what has happened in 2013 and at the same time bitcoin will boom and have a breakthrough again .
thus in this case if it will be accompanied by increasing of volume so I will be sure for the bullrun, so this impending event still holds me a little bit hopeful yet.
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
🙏with Best Regards
long liquidations pending ⏳⏲good evening ~
little update to my l.d post (find it near the bottom of this text)
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i think we're playing out an expanded flat for this wave 2
have a feeling we're going to raid the local highs, as well as the local lows before beginning the ascension to 50k+
ps. this is only an idea, nothing is certain in these markets; trade with much caution.
ps2. a lot of longs will likely get liquidated if this scenario plays out, so do expect a face ripping dip in the days ahead (so long as it doesn't take out the lows of this range at 39651.0, we are game for a pretty big move up once the liquidation event is completed).
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"the bearish death cross"@Memetocene just pointed out something very important on the chart that i completely overlooked - big thanks.
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we have confirmed a bearish death cross between the 55\200ema on the daily today.
here's a couple other times it happened ~
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so here's my take on this.
if you're taking longs - make sure you have a strategic exit plan. while the short term trend might be up, it could break at any given moment, and send bitcorn back into the depths.
personally, i'm a short term trader; most of my trades are scalps, and i'm almost always sitting in cash.
ps. i do think we're going to at the minimum backtest the 200ema on the daily before the next big leg down - and i have a very valid count that takes us up there via my recent updates- and videos.
1 more leggood evening,
looks like we've got one more leg to go in this five wave impulse.
at first glance it looked like a leading diagonal that completed this morning, but after further examination of the wave structure it looks like we've got one more higher high to be made before we see a larger dip into wave (2) of a higher degree.
this move up will confirm a bullish reversal in my eyes, at least in the short term, and i do think after that wave (2) dip we make our way back up to 50k at the bare minimum - possibly a lot higher.
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targeting 45k for the fifth wave to complete wave (1) of a higher degree.
💸
bitcorn is close to a bottom ~good evening peoples -
thought i'd share my primary micro-wave count tonight.
i do think we are nearing a local bottom (closer to the 17~18th of january)
what happens from there is absolutely up for debate, but i do think we'll see a larger bounce once 37k algo target is met.
most likely it'll be a move up to 48~50k before further capitulation to the downside, but anything is possible.
there's a lot of very nice scenarios that exist out there, both bearish and bullish - and nobody knows which is "the one".
i'll be taking a full sized long closer to the night of the full moon, and i'll ride it up until bitcorn decides to break.
✌
"to da moon and never back"Good morning,
I have waited awhile to make this post, and i'm finally ready to release it.
This is an update to my previous prediction when we were near the peak of the November move via 👇
Have done a video on this exact count awhile back nicknamed "The Genesis Count" talking about my reasoning behind all of these targets in very much depth.
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In this idea, I am portraying what is called a "running flat".
-A running flat is a very bullish move in the market which generally appears in a wave 4, but could appear in other moves as well (it is counted as a 3-3-5, and never anything else).
What we've been playing out since February of 2022 has been some sort of flat corrective phase of a higher degree, and it wasn't until earlier this week that we've confirmed it was a running flat.
This is also why Bitcoins moves haven't been clean, but rather very choppy\corrective and low volume by nature.
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I am projecting a bottom closer to 37.5k by 1\17\22, which will mark the day of the "Wolves Full Moon" ; it happens once a year and is a very bullish signal in our markets.
The bottom could very well have been put in yesterday, but something tells me we are going to see one final capitulatory event before beginning 𝑻𝒉𝒆 𝑨𝒆𝒔𝒄𝒆𝒏𝒔𝒊𝒐𝒏.
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Wave 4 target = $37,500
Wave 5 target = $151,000
Sideway at bigger timeframe. If we zoom out to see bigger picture of bitcoin it's sideways from past various weeks. Even compromising 39k support will make it just a swing low. Sentiment can change into bearish going below 28k which will be a lower low. While above 69k it'll become fully bullish. Right now it's just in a neutral zone.
are you scared?cause i'm not.
super long from here.
this is an update to 👇
my target remains the same
so long as we hold the local low until morning time, i do think we see a massive spring in the days ahead.
if it breaks, i do expect 37~38k to be the bottom.
this isn't financial advice, just the words of a guy who plays a violin on the titanic.
✌