BLX
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.
🎯
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 👇
"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/
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
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 ♥
✌
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.
✌
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
"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.
The bear case.Bitcoin really needs to hold the line here and not drop anymore. On the smaller time frames we need a move above 53k that holds and then build upon it.
Looking at the volume and price action we could break this support and retest the lower support one more time.
The good news here is the ADX and DI it still shows an uptrend.
4 year bull trend SUPPORT!!!This cannot be broken if we are to remain bullish IMO!!! The good news is Bitcoin has shown lots of respect to this trendline all the way to the last cycle and was in it's blow off top during the time it spent there.
If you look closely it's the exact same cycle is playing out, it has only greatly lengthened in time.
Looking at this chart it looks like we over corrected with the corona dump which then caused us to over correct back on the up side so it has taken the market time to adjust.
I remain BULLISH!
Best wishes!
"Don't shoot the messenger".My last post in 2021.
----
I've discussed this flat scenario in depth for quite awhile now (view my genesis video for more context).
Believe me, or don't - this is my primary, and the one i've been trading ever since we topped out at the local peak in the upper 60k region recently.
If you've been following along, you've seen my call outs - day after day.
This one is no different.
----
>December 24~25th, Bitcoin will top out in the mid 52k region.
>It will then fall to $36k to complete this larger Wave 4 correction.
>This will satisfy a time balance between the Primary Wave 2 which played out as a Simple Zig-Zag , as well as this primary Wave 4 which is playing out as a Running Flat .
>Once this time balance has been met, we can then begin the final ascension to complete an even larger Wave (3) which will have taken just over 11 years to complete (if it tops out near the end of 2022).
----
Primary Wave 4 target = $36k.
Primary Wave 5 target = $151k.
----
Ps. The majority of the world are going to give back all of the profits they've made over the last few years between now and the beginning of January. They will then be too afraid to buy back into crypto as it'll feel like the end of the world.
>that is when market maker and i become buyers.
Consider this chart my gift to you all,
Happy holidays ♥.
Short term $BTC targeting $57-$61k as next levels to the upsideAs I shared in my last update on $BTC, $BTC ran up without testing some key levels as support and needed to correct down to $46k-48k before it would be able to move higher. Now that that scenario played out I think the same thing needs to happen on the upside. BTC needs to now confirm some levels as resistance before it falls further (IMO).
I think BTC should snap back to the $57k-$61k levels in January and confirm those levels as resistance before it rolls over and ultimately tests at least one of the $30k target(s) on the chart.
However, before I analyze any lower targets and timeframe for that, I want to see some of these upper levels get hit. If BTC moves higher here like I think it will, then it should also provide a short term bounce in the market for alts.
Personally, I'm staying cautious and am not taking any long term positions here, only trades.
Happy holidays.
btc 12-23 update v2one more little scenario here.
just wanted to say, if we push through my box right now, it's going to trigger a mass buying effect from the algos
target for this move is at 55k
i'm still expecting the potential of one more dip (as mentioned in my last post), but if we dont get it
we ride.
i'm in spot here, big time.
1% stop
ps. if we reject current level, refer to my first post:
upside target would be slightly lower, and we'd be able to get a much better entry for the move that is to come.
the final raid is my preferred scenario, but just in case we don't get it, im playing this potential breakout here.
btc 12-23 updatehello,
little update here.
---
going to run with the bull case for now, since everyone and their uncle is bearish & scared.
when the majority are bearish & our indicators line up for a big move to the upside, that is when i become a very aggressive buyer.
---
in my morning video i discussed this long setup in extreme detail, as well as my upside targets; check it out if that's something that interests you.
---
looking to long 47~47.5k
with a tp at around 57k
btc 12-22 update good afternoon peoples,
got a little trade setup to share here -
didn't wanna clutter up the chart with the micro-wave count, so i rather just add it as a screenshot here 👇
--
if i'm right about this count, could snipe a long at the upper bound of the 4h ichimoku cloud, in confluence with the sub-wave 4 target.
numbers are all on the charts.
ps. it's also possible the bottom is in, so if we randomly rip up tonight, it'll most likely push beyond what i have projected on my chart. i'm just looking for conservative numbers whenever i take trades, and i can care less about catching the entire move.
✌
💸
btc 12-21 updategood afternoon o/
btc is in somewhat of a flag up here, getting squeezed between the 100% extension \ the trendline overhead.
a breakout above this trendline would trigger a bunch of algos to start buying btc.
we're also finally above the 4h ichimoku cloud, which has been a massive resistance over the last couple of weeks.
it's looking kinda bullish in my eyes despite the various sell signals that are appearing on my screen today.
i'm going to have to overlook the algorithmic sells during this time \\ and lean bullish until we can break back below the 4h ichimoku cloud.
----
looking for anywhere between 53~57k on this move.
ps. if we start breaking back below the ichimoku cloud, then this move was nothing more than a trap, so do keep an eye out for this key indicator.
BTC Super CyclesI know many of you will not like this idea. It is a pure speculation based on how the different values like time and percentage decline or rise. I know that time is completely impossible to predict, even prices can range dramatically +-1k%, so my purpose is to share my price view as realistic as possible.
Every super cycle consists of two smaller ones. It is hard to get your head around that from 2018-2020 btc was just pausing and moving sideways in a massive range. It was not really a bear market from a supercycle perspective. What took btc 2 months in 2010, it takes almost 3 years right now. Each supercycle takes exponentially longer to play out, percentage gains in each cycle is also declining rapidly in log. fashion:
-1st SC (3608943 %) -- 329 d
-2nd SC (58398 %) -- 742 d
-3rd SC (41981 %) -- 2492 d
based on that percentage decline we could expect 30k% for the 4th one.
Even if BTC falls to 2.5k it would still be above 700k by the end of the supercycle if 30k % is in the cards. It is just that it would quite possibly take 18-24 years (~7k days based on exp. increase).
I expect this bear market to be similar to 2011 where price lost 93%. It is largely because stock market is expected to collapse in 2022 and BTC has never experienced that. Wherever it falls it will eventually rise back up even stronger.
Bear markets between supercycles are also getting lengthened exponentially. Not that fast than bull runs but still they do:
-1st bear market (-93 %) -- 161 d
-2nd bear market (-86 %) -- 406 d
due to having only 2 bear markets between the cycles it is even harder to predict how long it could take for the 3rd one as we don't even form exponential line growth from having only 2 values. Needles to say it is lengthening exponentially so to assume that it can take 3 years for the crash to finish is not completely unrealistic.
Bottoms are also increasing exponentially:
-1st $0.0009
-2nd $2.01
-3rd $163.88
-(4th $2300-$2800)
I am not a financial advisor so non of this should be taken as a financial advise. Take care.
BITCOIN - A brave new world brought to you by the nerdsBITCOIN - A brave new world brought to you by the nerds
Get used to your new tech overlords. I mean I don't even mind really, seems better than the old guard.
Here we have what everybody is looking at now. 13 or 17. been saying 13 for a while. but i think its prob somewhere in between. some indicators and even simple lines (see the yellow triangle ones, the angle on them) have been painting that picture too. this particular indicator shows the macro momentum is the same as 13.. but some other metrics are showing verrry similar to 17 as well. this is crypto's mania stage chapter beginning to unfold.
Now in 21 we are quite a bit further along with adoption and recognition. some huge companies, rich wigs and even countries now are buying it and using it. p2p decentralized banking is finally showing a hint of itself through defi and some 3rd world countries adopting various platforms to various degrees. crypto has even infected art forms with NFTs. fun times.
Lets see how these two fractals evolve.
glhf
btc 12-20 updategood evening ~
quick update on our bitcorn
---
so it's very possible that the bottom was in on friday evening,
also possible we come down to my original target at 44.6k before starting a little move up to about 57k
if we hold the local golden zone at 46,500 until morning time, i think we'll be able to squeeze out of this local area & see a break out to the upside.
---
ideal scenario:
long 45k
take profit = 57k
BLX Prediction Analysis and where do we go then?Hello, all respected Traders and Investors,
Here I made a simple analysis for BLX Index.
In my opinion, Bitcoin will be dump first to close the CME Gap into 40k and after that, I hope Pump will come..
Critics and comments are super appreciated
Thank you!
Happy trading you all!!
Good luck!
Cheers,
PS: This not financial advice. Please DYOR before entry the market