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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. --- 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. ✌
by Eloquent
9
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.
INDEX:BTCUSDLong
by benjihyam
14
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 👇 -- 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!
by Eloquent
11
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). ------ 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.
BITSTAMP:BTCUSDLong
by Eloquent
5
💹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. ------------------------------------------------------------------------------------------------------------------- 👉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
BNC:BLX
by PRO_SMART_Trader
2
long liquidations pending ⏳⏲good evening ~ little update to my l.d post (find it near the bottom of this text) ----- 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). ✌
by Eloquent
3
"the bearish death cross"@Memetocene just pointed out something very important on the chart that i completely overlooked - big thanks. --- we have confirmed a bearish death cross between the 55\200ema on the daily today. here's a couple other times it happened ~ --- 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.
COINBASE:BTCUSD
by Eloquent
11
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. --- targeting 45k for the fifth wave to complete wave (1) of a higher degree. 💸
by Eloquent
11
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. ✌
by Eloquent
4
"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. --- 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. --- 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. --- Wave 4 target = $37,500 Wave 5 target = $151,000
INDEX:BTCUSDLong
by Eloquent
11
btc 12-27 update~ (🐂 trap)good evening humans, i didn't plan on doing anymore updates in 2021, but i felt like bringing you one more potential scenario. ----- i do still think that we're in a fairly large correction that is going to take many more months to play out, we will most likely see a lot more chop in both directions, and i do believe we'll make it down to the low 30k range overtime (within the next 6 months). though, predicting the path we take to get down there will be the real challenge. ---- i'm going to do a video on this tomorrow morning, but long story short - if btc doesn't take out the local lows on this next drop, then i do think we're just playing out an even more complex corrective phase that could potentially take a year to play out (maybe even longer). ---- for this particular scenario, i'm looking for a rejection from 51.3~51.5 followed by a little drop to anywhere between 45~42k. depending on the wave structure, we'll be able to have a more definitive downside target once it begins. once that downside target is realized, if this is indeed the path we're destined to take, then i think we make an impulsive move to about 57~60k for yet again another bull trap. 🎯
by Eloquent
21
btc scenario #2in this scenario i look at the market from the perspective of a bunch of 3's (i have talked about this perspective extensively in my videos, and i'm not going to get too deep into it here. feel free to check out the videos if this is something that interests you.) basically a complex corrective phase which would last another year or so it would look and feel very much like the last few months, where we range - chop around - fake out to both sides, then dump it. (complex distribution phase) this scenario seems less likely than the first, but i thought i'd post it just in case. you can view the primary scenario via here 👇
BYBIT:BTCUSD.P
by Eloquent
10
"Finish him" 💥"Fatality is the name given to a gameplay feature in the Mortal Kombat series of fighting video games, in which the victor of the final round in a match inflicts a brutal and gruesome finishing move onto their defeated opponent." A lot of longs are trapped in this local area after the recent events which led us to this day. Market maker might give them one last chance to get out before the finishing move. There's also a chance they won't, so expect the unexpected. The last drop usually inflicts the most amount of damage toward unexpected participants. From where I'm come from, we call this last move a fatality. ------- My down side target sits at 38k by 1\17\22. ------- Be safe out there peoples o/
by Eloquent
25
BTC NEXT TARGET AND BEAR MARKETEN: Hello everyone and a happy new year! My opinion is that BTC + RSI forms a negative divergence where it shows me that the next top may be around the price of 75,000-80,000 after which a bear market will follow. What do you think ? My mind is open to learning from mistakes. DE: Hallo zusammen und einen guten Rutsch ins neue Jahr! Meiner Meinung nach bildet BTC + RSI eine negative Divergenz, bei der es mir zeigt, dass das nächste Hoch bei etwa 75.000-80.000 liegen könnte, worauf ein Bärenmarkt folgen wird. Was denkst du ? Mein Verstand ist offen dafür, aus Fehlern zu lernen. RO: Salut tuturor si un an nou fericit! Parerea mea este ca BTC + RSI formeaza o divergenta negativa unde imi arata ca urmatorul top poate fi in jurul pretului de 75.000-80.000 dupa care o sa urmeze un bear market. Ce parere aveti ? Mintea mea este deschisa pentru a invata din greseli. KUCOIN:BTCUSDT
by ImLutuu
2
btc 12-31 update 💸good morning, this will be my last public (daily) update on btc. i'll no longer be posting my daily analysis on here. if you are interested in seeing my hour-to-hour \\ day-to-day analysis on btc, you can join our trading room. ps. going forward i'll only post bi-weekly updates on btc publicly. --- i did a video last night talking about the scenario where we drop 23% from current levels to complete the fifth wave of the larger impulse - expect it if it comes. possible the dip stops anywhere between 43~44k for this final leg before the mean retracement comes. i still believe we're in a larger correction which will take a few more months to play out, and there will be volatility in both directions. if you're ready for it though, you can easily capitalize on all of these moves ;). --- it's been a beautiful journey in 2021, best of luck in this new year peoples wish you all eternal prosperity, peace, health & love ♥ ✌
by Eloquent
24
btc 12-29 update (critical point) 💥good evening, ----- btc is at a critical point here, and a decision will be made within the next 12 hours. ----- >if our local golden zone holds (at 44.6k) >then i'm expecting another retest of 52k, >which will catch all of these silly pema bears off guard. ----- >failure to hold the local golden zone, >and the grim reaper comes to town. i talked about the grim reaper scenario via 👇 both scenarios are equally possible, expect the unexpected, and be smart in either direction. ✌
Long
by Eloquent
30
BTCUSDT, This is pullback or Not ???Hello everybody We backed we another analysis of Bitcoin According to the chart you can see the price was in pattern of channel, and expect the price should drop more to reach to the bottom of channel but that analysis failed and the price break the trendline trading that shown us power of the market. At this time i want to tell you the scenario of the market that is important to us because of the sensitive of market is very high and we should have scenario to take decision to what to do. The breakwave of trendline was made and we are in pullback to it and until the key point level is not break below and consolidation at there the trend of movement is upward and we can go up to reach to the trendline resistance that we shown on chart, but if the market cant consolidation above of the key point level and hold this level the price should drop until to reach to the bottom of that channel that we shown on previous analysis. These 2-3 candles its most important that can make way to the market Previous analysis : Good Luck Abtin
by Abtin00
"Market Makers Footprint".Market maker always leaves a footprint in the markets, this is one of the most classical ones I call this one "The Wyckoff". Dow Jones fractal from 2011. Almost identical to the one we're dealing with for Bitcoin today. ---- On this day, based on on-chain data analysis, retail investors have lost complete interest in bitcoin. ---- "When the last guy sells, is when we start to move up". >don't be the last guy. "99% of the market is wrong 99% of the time". >don't be the 99% ---- There's a story from the 1930's that goes a little like: During one of the biggest bull runs in history; a rich man goes to get his shoes shined, the poor man shining his shoes looks up to him and says "wow i am finally making so much money in the stock market". later that day the rich man goes home and sells all of his shares - causing the biggest stock market crash in history. -The moral of this story is, retail investors have always been the leading indicator in our markets. >When retail is euphoric and think things will go up forever, that is when the wealthy sell. >When retail finally gives up, are all about doom and gloom, and think the markets will never go back up - that is when the wealthy buy. 👇 We're just about at that turning point.
Long
by Eloquent
14