Get started

Xbtusdt

BTC in a diagonal?The current trend of BTC is very weird. What was once a possible wave 2 pullback is now invalidated and where is we going now? The structure of Wave C to me looks weird to be a regular impulse and could be a potential diagonal. If this is the case, the final target of w5 of diagonal matches nicely with the 50% retracement of the last major impulse to the downside before this ABC correction. Just an idea and we must see an overlap of w1 and w4 before we consider this as a promising alternative & subwaves matches the bigger structure
by anthonysom
2
btc 7-7 update ~good afternoon o/ ~ and just like that, with the flick of a switch, bitty invalidated my short term bear count. ~ as of me writing this, i am anticipating higher prices. anywhere between 23.8~25.7 is the target. theoretically, a very sharp rejection will take place in between those two levels which can take btc down over 50%. ~ if you aren't already in, don't be that guy who fomo's at the top. i'm no financial advisor, but i tell you with confidence - that the market will always come back.
by notoriousbids
7
btc 7-4 update ~good evening, taking a peak at the alt charts, and a lot of the alts look to be setting up for a little pop in the days ahead. this would also rhyme with the idea of btc stopping out all the bears who were late to the party over this 3 day weekend. a push up to 21.2k, followed by a flush just beyond the range low is my plan. anywhere between 17,400~16,195 is the expanded flat pocket for that b-wave. --- since we came up in 3 waves from the range low, i'm theorizing we will come down in 3 waves to create an expanded flat. b-wave should bottom on july 13th (+\-1 a day). --- july 13th is an important day in the market. we have the full moon - which is a historical indicator for a pivot to the upside. more importantly though, we have the highly anticipated inflation data being released on this day. --- for btc to see a clean rally out of this range (as portrayed down below), that inflation data must beat the current expectations. --- failure to beat expectations, and we will see an accelerated decline fueled by long liquidations.
by notoriousbids
2
btc 7-2 update ~good afternoon o/ --- applying all the factors i have mentioned over my last few posts, and taking a look at this local area from a psychological perspective - i've come up with this particular trajectory for btc. --- i bet there is a ton of long stops at the range low, via 17.6k. if history repeats itself, that low will get raided before a move up takes place. stop-loss raid into july 13th, followed by a short squeeze up to about 25.8k (can go as high as 29k.)
by notoriousbids
1
mid-summer solstice.what i have displayed on my chart are solstices \ equinoxes. i've went through btc's history, and i have found that the mid-summer solstice has historically marked some kind of bottom in the cryptocurrency markets. ---- circled the last few times it took place. here's some more: to conclude, there has been 10 mid-summer solstices since 2011 of the 10, 8 marked a bottom. ---- now this does not mean that btc cannot go lower, i'm simply stating that based on the historical data, the odds are high that we have, or are in the process of forming a major bottom.
BITSTAMP:BTCUSD
by notoriousbids
2
btc 7-1 update what if, it's just this simple? we saw 5 waves up, we saw 3 waves down. ---- higher timeframe oscillators are close to being completely reset, indicative of a bullish reversal on the horizon. open interest has fallen quite drastically overnight, supporting the upward move. fear is at 11, bearish sentiment is at historical highs. --- i'm not playing any leverage until we see more confirmation, but i am in a fairly nice spot position as of me writing this. upside targets are on the chart --- the bear case completely remains in tact, but so does this bull case. bullish invalidation is at a break of the range lows
Long
by notoriousbids
8
btc 6-29 update ~good evening ladies and gentlemen, --- i'm gaining more confidence in the short term bull case for btc as more of the herd turns bearish. looking for a local bottom in the low 19k range. if 19k range holds as support, i will be looking for follow-through to the upside in 3 choppy waves to complete the local b-wave at around 24k. --- >a break below 19k could open a door to retest the lows >if lows are lost -> 13\14k can be reached. --- if we do indeed get the bounce i'm looking for, i will interpret in one of two ways 👇 #1. #2.
by notoriousbids
1
btc 6-28 update ~goodemorgen, yesterdays trajectory, and the two i have displayed here are my top 3 projections. which one is at play, nobody knows - so it is important to prepare for anything the market may throw our way. -- the white path implies an impulsive 5 waves down, this would make any bull sweat - knowing that 5 waves down is merely the beginning of something. the red path is a simple zig-zag, which ends right in that pocket between 13~14k weather than zig-zag is a wave W, or a completed one, we won't know until we see the reaction from down there. -- ps. new moon has entered the skies as of today, market should be approached with total caution, as historically this is a very bearish sign (though, in rare cases it doesn't have to be). ✌
by notoriousbids
3
btc 6-27 update.Good afternoon folks, I've been doing a lot of thinking about the structure of this current market, and i've come to somewhat of a conclusion. I believe what we're currently experiencing is called a "Triple Three". 👇 --- as of right now, we have a complete w-x-y; and while this could potentially be the bottom of the entire correction, i'm theorizing that we will head down to about 10k before this correction is completed. the path we take to get down there though, will throw a lot of people off. --- i'm looking for a move up to about 30k in the next 2 months, before we do indeed head down to 10k. 💰
by notoriousbids
8
btc 6-23 update ~good afternoon peoples, i've been hanging out in cash these last few days just observing price action. --- i've taken a look back at the overall structure on btc as well as on the nasdaq, and i've come to a conclusion that the highest probability path i can come up with is the double zig-zag. i do think we're going to see a pretty nice bounce in the week ahead to around 25k give or take followed by the final push down to 14k. 14k could mark a bottom, or in a worst case scenario, btc could turn into a triple zig-zag. will update it when i see it.
by notoriousbids
2
btc 6-21 update ~good afternoon, btc looks kinda toppy from my perspective. ---- confirmed 4h hidden bearish divergence confirmed regular bearish divergence, 4 different sell signals popping off right here. might hang around this upper area a bit longer \ potentially push higher to trap more bulls before the final capitulation evento. ---- down below sits a fairly large liquidation of celcius. if they do indeed get liquidated, we can see a deep wick raid the crypto abyss before tearing back up. consider it a liquidity hunt, a way for mm to free up some coin from the hodlers. once this final move down is completed, i do anticipate a very steady move up to around 40~50k in the months to come. ---- have a blessed week, and trade safe ✨
by notoriousbids
4
btc 6-17 update ~ good evening folks, btc is hanging by a thin string right here. --- the moon bois who wanted 20k are in, but bitty isn't moving lol watch for a raid below to stop out the weak hands, followed by a serious short squeeze. (the raid can go deep, deeper than 18k, but i'm betting on 18k to hold for reasons i shall not mention). --- conservative target on that squeeze at 35k which is a 95% gain. few targets overhead: 41k 51k 59k where it stops? nobody knows; but keep these levels in your mind and enjoy the show. 💰
by notoriousbids
13
btc 6-19 update ~good morning humans 👋 i closed my long and i am back to cash. was not satisfied with the reaction which we got - very not what i was looking for. will try at the next pivot, and all the pivots which follow until i witness "that reaction which i'm looking for". --- i got to thinking; you know how everybody expected 40k to be the bottom, then 30k 20k... so each time, the levels did act as a bottom, but not "the bottom". each time price broke below the floor price of peoples expectations it back-tested that whole area for liquidity before seeing capitulation. --- so is this time any different? no. if anything, this time it's even more pronounced, with a majority of the market being trapped near 20k. i would expect significant selling pressure from people scattering to get out near break-even right around that 20k region (+1\2k) --- i'm looking for $14,500~$13,100 on this next wave down. keep an eye out for a video later today, i share my new theory.
by notoriousbids
1
btc 6-15 update.man oh man. happy strawberry super full moon 🥂 let's talk about all this stuff. 🍓 You see this volume!? indicative of some serious buying pressure; we're nearing a significant bottom. 🍓 Open interest is still fairly high. I need it to come down a bit more before I can confidently say we've found a bottom. leveraged longs are opening positions into todays move up; fomoers will get stopped, shaken out, or liquidated. Some nice long liquidations over these last few days - helps the bull case. 🍓 Short interest is very high, a short squeeze is due - but the question is when? I personally wouldn't try timing a short squeeze, rather just get into a high probability trade setup and let nature take its course. 🍓 i am looking for 18k, but there's a chance we don't get it. if we do get it though, i'll be all over it. 🍓 still rolling with the og double zig-zag for now, but my bias is subject to change if the new data shows me something different. 🍓 ps. it's possible that a bottom is in. will be monitoring the waves over the next few days to get a more conclusive read.
Long
by notoriousbids
6
"the og double combo"bitcorn has broken beneath a level many of us have been watching, i low key saw this coming. --- in one of my videos recently i discussed the following: if a majority of the people wanted 23k, we would either not reach it, or over shoot it. so we're in the process of overshooting it. --- looks like we could come down a tad bit more, one more hit to the lows after this bounce completes. --- i've changed my count up a bit to adapt to the changes i'm currently seeing over the last 24 hours. what i have on my chart is called a double combo, aka - the og wxy.
Long
by notoriousbids
8