Lord_Of_Dax_

Lord_Of_Dax_

Could we get a remake of 2017? Yes we could indeed but past performances do not have to repeat themselves. We could expect another LEG DOWN here, meaning a potential ALT SEASON in the coming weeks.

Lord_Of_Dax_

We could get a normal wave 5 where BTC could go out of the CHANNEL and stay above the RED LINE 'DO NOT CROSS'. In that case the macro IMPULSE WAVE STRUCTURE 12345 would be intact and we could expect fireworks to the upside BUT if we cross the line then this could turn UGLY. UGLY because we could go much lower than that as this would mean that the wave 5 is...

Lord_Of_Dax_

I'm looking closely at the METAVERSE Phenomenon. We have to take into consideration the project and also the development of this DIGITAL world which is far from the mass adoption yet. It's good to keep an eye on it and look for potential investment opportunity in the NEAR future.

Lord_Of_Dax_

Guys I've drawn a BEAR case yesterday but as long as we remain in the channel I'm BULLISH What can we see on this illustration: 1) WAVE A or WAVE 1 with an irregular FLAT correction. 2) assuming 1) tells us that we are in a C wave 3) 61.8% is at 57.3k which is a key level 4) Any LONG ENTRY would need a SL not above 56.4k or just below of the Sub-Wave 1 level...

Lord_Of_Dax_

I have been giving you a BULL CASE since the beginning of the weekend as my bias BULLISH due to the information I get for the past couple of months.... 'But' ....' But' if we cross this RED LINE 'Do not cross' around 52.8k, the BEAR case could take much more weight... Having the knowledge of this added scenario where another leg down could another time shake...

Lord_Of_Dax_

This is one of the scenario I've got my eyes ON! A Classic 12345 WAVE BULL CYCLE for BTC. The ending of the WAVE 5 could be anywhere between 74k to 90k.

Lord_Of_Dax_

After a SHARP SELOFF of nearly 20%, BTC has found support on the bottom of the channel. I'm expecting BTC to revisit the 62k - 66k region sooner rather than later. This RED BOX is nothing more than the retracement (50% to 78.6%) target of the previous SWING ABC I remain BULLISH for time being but a BEAR case is not out of the cards.