btc 4-25 update p.2good afternoon,
btc ended up squeezing up in what looks to be a corrective structure as of this moment.
while it does look impulsive, i think this is wave C of an a-b-c expanded flat.
a raid of 37k is expected, this will stop out a ton of people who provide liquidity to we the people who buy their stops.
uphill after.
Xbtusdt
hidden beargood evening o/
btc is printing a very visible 4h bearish divergence right now.
4h ichimoku cloud is overhead, good chance we see a rejection from around that area.
short term doesn't look so hot, might need another flush to reset the oscillators.
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i'm cautious going into this new week.
this one's for the bulls (111k) 💰in my latest post, i briefly discussed the possibility of a very bullish formation taking place;
here's that post as promised.
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there are many ways of interpreting the weekly wave count, in fact there are too many for me to even begin to get into right now.
though, as the days and weeks have went by, i've slowly been able to eliminate the ones which got invalidated - leaving us with fewer scenarios to work with.
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what i'm proposing here today, is the potential completion of a weekly triangle (aka bull flag) which had begun last february.
if i'm right about this, Bitcoin cannot under no circumstances fall below $32918.7 - and i mean not even by a single penny.
for this case to play out, that pivot must hold.
a triangle of this scale is a massive phase of re-accumulation for some of the largest players in this world.
if they genuinely want this, they will get it.
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in my last big prediction, i called out the top near 65k, and my projected downside target was hit perfectly.
feel free to backtrack to that post for more context 👇
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ps. to that one keyboard here who likes to talk smack in the comments - i hope you know that the market moves in two directions, up and down.
we have made So much money shorting btc, as well as many other alts, that at this point it's almost silly to expect lower prices.
when the whole world turns bearish,
we the wolves turn bullish.
ps.2. just because i am bullish, does not mean that i am going long right here right now, but you'll know when i do.
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Wave 5 target = 111k.
btc 4-23 update ~good afternoon,
just wanted to say that i think the weekly phase of accumulation is coming to an end in the weeks ahead.
the move i've got projected on my chart will be the final moments that bitcoin spends down here in the 30k range for many more years to come.
a lot of people are expecting lower prices,
but i got a feeling they're not going to get it.
final dip could go as low as 33k before the rocket launches into space.
👇
btc 4-18 update o/
often times when an asset nears the very bottom of a move, liquidity hunts begin to take place.
a liquidity hunt is basically a large player hunting for stop losses to increase their own exposure to the market.
meaning; when you get stopped out, someone else is buying your position for their own benefit.
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at times there just simply isn't enough liquidity for some of these larger players to satisfy their own taste,
so they'll create liquidity by setting traps for the participants of the market.
one of the most common, and devious of these traps is called an expanded flat.
👇
w5 target = $37,430.
Bitcoin Analyze (Short Term, Timeframe 1h)!!!Bitcoin is moving in Descending channel from 48000$ until now. and it is making main wave 4 in the channel, the structure of the main wave 4 can be Expanding Triangle. The end of main wave 4 in this scenario can be around 41860$ (In Top of Descending Channel).
Bitcoin Analyze ( BTCUSDT ) Timeframe 1h⏰
🟢Support Zone: 39650$ until 38480$
🔴Resistance Zone: 42250$ until 41580$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analyze (Short Term, Timeframe 1h)(Update)!!!Bitcoin is moving in Descending channel from 48000$ until now. and it was able to pass the main wave 4 with a double three correction , and now Bitcoin is finding the end of main wave 5, I tried to show you the end of the main wave 5 in my chart.
Bitcoin Analyze ( BTCUSDT ) Timeframe 1h⏰
🟢Support Zone: Around the Important Support Line
🔴Resistance Zone: 42250$ until 41580$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
btc 4-17 update ~good evening o/
i think i've got some good news for the bulls today.
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been observing a very bullish formation across many alt charts, and there's a good chance we see something pretty unexpected in the second portion of this year.
a lot of people are starting to lose hope, most are turning bearish, talking about bitcorn dropping to 30,20,10k (myself included)
but...
i'm here to say, that there's hope for the bull bros 😎
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keep an eye out for a pretty big bullish update in the days ahead, as well as a pretty in depth video going deep into what i'm briefly discussing here.
have a beautiful week 💸
trapsontrapsgreetings,
while price might be going up, it doesn't look healthy.
i think this is all a big trap to lure in more liquidity.
tons of stops down below, like a massive amount which has accumulated over this last week.
got a feeling it's going to get raided hard, and the scam wick will catch a lot of people off-guard.
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not financial advice, just a theory.
44kgood evening,
btc looks to be gearing up for a move up to around 44~45k
our indicators are starting to line up very nicely down here.
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so long as the local low from today holds, we're game for a push up.
if the local low breaks, the plan is to get back in at the level just beneath.
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have a nice weekend o/
btc 4-14 updatemorning,
with this new formation today, there is a possibility we have found a local bottom for the time being
this would imply that 5 waves down has indeed been completed, and we're currently working on a mean retracement, to push to the local golden zone up top.
failure to hold my green box, will likely result in a drop to 37.5k (based on the original idea).
lowkey bullish until proven otherwise.
btc 4-12 updatehello o/
got a little idea in the works as of today,
based on the contracting price action in this downtrend, i'm going to assume we're in a leading diagonal (it could also be an ending diagonal of a different pattern which i talked about in my recent video).
basically if we see a pop here, and it rejects the trendline; price should find a local bottom by the 16th of april.
just an idea ~
something sinister.the downward move seems to be picking up momentum as of this morning,
there's a good chance this spirals down for the remainder of this week.
long liquidations could fuel the accelerated downward move.
if this does indeed play out, which i'm not saying it will,
then i'd be very interested in getting back into the market closer to 36k.
this would be another back-test of the monthly 21ema; something that in my opinion is required for another upswing.
overall i'm quite bullish on the market, but as of this morning i'm sitting in cash until things settles down.
i don't really care about catching the exact bottom of this move, i just want to do it safely.
btc 4-11 update ~good morning ladies and gentlemen ~
overnight price action was exactly what i had expected, played out perfectly + hit the downside target i was looking for.
from here, i'm eyeing a move up to 43,277; this level is most important in what comes next.
reject it = btc gets sent tumbling down to the next algorithmic level at 39,435
break above it, and there's a case to be made for upward expansion (will talk more about this outcome if it actually happens).
nasdaq looks primed for a move up this week, don't let it scare you folks; and when nq moves up, so does bitcorn 💰.
bitcorn is out for blood.good evening ~
have some good and bad news as of right now.
the good news, it's possible btc goes higher than originally expected 🤑
the bad news, it's probably going to take longer than any of us are currently expecting.
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the two cases i've shared over the last few days have lost their level of probability, and i have tossed them out the window as of right now.
the case i am presenting here today, i'm sure many are familiar with; and it's basically the larger triangle phase. this would in theory drag on for another half a year in this contracting range.
ps. the market is not linear, nobody knows exactly what is going on; it's an ongoing, ever-changing, ever-shifting puzzle that was created for we the people to decipher.
✌
53k?that's right, as the title says; i think we're going to 53k.
before you say "but elo, wave 1 and 4 can't overlap"
read the rules of an ending diagonal 👇
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so Wave C is playing out as an ending diagonal
which gives us the final fifth leg closer to 53k,
completing a near perfect mean retracement.
once this 53k target is met, bitcorn will drop 50%+ (keep this in mind).
refer to my macro count for more context 🔻
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wave 4 of wave c = 41k
wave 5 of wave c = 53k
btc 4-10 update ~good afternoon o/
bitcorn looks like it wants to expand again, but not in a bullish manner.
this is the other interpretation i've shared over the last few weeks via my videos, and posts - and as of this morning it's looking like the one.
here's the micro count of the leg from the local high
good chance this pokes up to retest the highs from friday before making the final descension to around 41k; from there i am 90% certain it'll launch.
the local bottom might be put in around the time of the full moon (within the next 7 days).
💸
btc 4-6 update pt.2as of this moment, btc does not look so hot.
the reaction i expected from the key level from my last post found 0 demand, which means we go lower.
what i had as a level for bullish invalidation has now become the downside target of this move.
i've got a way to interpret it, which still manages to give us one final leg up, but i don't think it's going to go as high as i had originally anticipated.
a break of the trendline on my chart, and btc drops into the crypto abyss.