I won't be dwelling too long on this as it is just an idea I have developed between yesterday and today. However, MAs are used as dynamic supports and resistances during bull and bear markets. When multiple MAs are spread out clearly, the underlying trend is strong. When they are squeezed together, high volatility is imminent, and when they are crossing each...
Hello everyone, Tonight I bring you a Gem. I accumulated this baby in the accumulation zone down at the bottom. However, it shows one of the cleanest Elliott Wave charts I have seen. I will be holding this baby for the next 2-3 months...I have some targets in mind, which will surprise those who will join the ride. I will, however, reveal the first one...0.92. For...
Hello everyone, I proudly caught this baby on the last retest at 1.63. The future looks bright, especially if the BTC bull run continues...You already know my view. This is just the beginning, and Matic is the first of many alts to run soon. If you are all feeling the FOMO because you are not in this baby, and your fingertips are itchy ready to pull the...
Hello everyone, Today I bring you some good news. I laid out the catalyst for our next move in this simple chart. Bears are soon to be reckt. As you can see here, BTC is following the path of October. There is a hidden bullish divergence on the daily and a few similarities to October. You can appreciate the rsi has been suppressed at the resistance trendline....
Hello everyone. First of all, I want to thank you for bearing with me during the unexpected. Although this last flash was a bloodbath that led to 3billion in realised losses in the market, there is a lesson to be learned...Why not treasure it? You probably paid for it during this crash if you were in the market. 1 - As traders and investors, we get drawn in...
In this video, I am diving into a long term analysis, and I explore the different possible scenarios to help you better understand the market structure. Bitcoin may seem very bearish, but...is it? I am thrilled to know your opinions. Comment below with your chart or explanation, and tell me what you think. The exchange of constructive ideas can only enrich our...
Hello guys, Let's look at the longterm view. Here I use a combination of indicators to assess possible reversals. I use the KST which is a combination of 4 ROC (rate of change), 2 short term, one intermediate and one longterm. Also in combination with other two ROC, one short term and one Intermediate. Lastly i use a 20MA and 10MA. As you can see it has been very...
Hello everyone...dark day for the crypto market. The analysis of today will go through a couple of scenarios and my plan depending on the following BTC price action. I believe this is one of the best videos I have ever made. Hence I suggest you watch it. I hope this will help you have a better idea of what is going on and have a better plan! Remember, these are my...
So so so. Our Link is still in buying zone, and this presents a great opportunity. Remember, it always comes with a risk, so stop loss is always in place (mine at 18 dollars). Link has painted one of the clearest examples of the Elliott Triangle, which is almost always found in wave four correction. Why is this pattern so interesting? Because it has significant...
Hello everyone, I know you are all impatient as me...Lately, BTC has been boring. As you can appreciate, we have now fully broken out the descending wedge, and BTC has been retesting the previous resistance at 55. It may still be testing it for the next day or so as the S&P 500 is also consolidating around the current area at 4550 after all this Omicron nonsense....
BTC has finally broken out the descending wedge. I told you this was the bottom. I know I previously called 55500 as bottom, and I still think it was if the COVID fud wouldn't have hit the news. Nevertheless, catching the bottom with a 2- 3% margin error is still minuscular considering the possible move ahead. Now going for degrees... Stop loss is below 53K, even...
Here is a simple chart. These are the leverage and non-leverage short positions on Bitfinex. On-chain analysis suggest that the leverage position is at an ATH, however, there is no way to know whether are long positions or short position. considering - fear and greed index extreme fear (21-30) in the market - whales accumulated 2.36 billion in the last 2 weeks -...
Hello everybody, If you haven't watched it yet, I suggest you watch the stream I have released 4 h ago on BTC and the market condition. This is a quick recap. Since my video yesterday explaining why I thought this was the bottom, BTC had a great reaction to the 5-month uptrend support. I know some of you may be salty because I was calling the bottom between 55500...
Hello everyone, I hope you had a relaxing weekend and you haven't panicked too much on the last flash crush. Here are my thoughts on Bitcoin and what will happen next. I tried to keep the TA as straightforward as possible. I will release a more in-depth TA soon. FOLLOW ME, SHARE, LIKE AND COMMENT
This will probably be one of the most simple charts I released. I know you are panicking, and I felt it a bit as well this morning. The technical picture was great yesterday. Unfortunately, the new variant Covid news has created the catalyst for bears to take advantage and squeeze the longs. Also, algos using AI have liquidated their position based on news dumping...
I told you it was the bottom. The descending channel has now been violated with a target of 64k. Also, IHnS on the hourly has been confirmed with 60 as a target. There is still a small possibility of a slippage down to 56 after the channel breakout. If that's the case, it is a blessing that I won't miss out. Not much to say here. We are likely finally out of the...