OthmaneAo

OthmaneAo

I see clear 5 waves up here no much more to say, fibs fit and the higher volume is in wave 3 that has clear 5 waves up too, textbook 5 elliott waves.

OthmaneAo

We pumped today to the monthly pivot and daily level retesting it, if we reject from here we could fall to the S1 that is also the lower weekly of the 60k-30k range From an elliott wave perspective this 31.7k is also 0.618 of 1+3 and 0.382 of bigger i+iii that s 4 level of confluence if we reach that level that is a long for me.

OthmaneAo Updated 

we are seeing an ABC down after the "breakout", with B is a triangle on the monthly pivot we made a triangle on low timeframe that suggest it s a wave 4 and we are heading to 36.150 triangle target that is also the 0.618 of wave A if we make an sfp of the last low 36.3k it would confirm this count

OthmaneAo Updated 

Sice 41.2k low "A" we retraced to the 0.382 - 0.5 level, making a corrective wave B (a common retrace for wave B) and an sfp of the 07 dec high smaller "a" with some trapped traders at the top, that made an abc for bigger wave B, if this count is correct we should have 5 down for C that would finish the corrective wave 2, a possible retrace would be the 0.382 to...

OthmaneAo

C finally reached the 0.382 and made an sfp on 4hr TF taking the A low and all the stops under it touching perfectly that daily level in brown (last untouched daily of the range, significant), on 1hr TF we had a bounce on the 0.705 (typical institutional bounce), confluence here and stochastic rsi bottomed on high TF, ideal condition for a bounce

OthmaneAo

BTC didnt hold the previous range but now we can see that BTC is at eq of the support zone and a weekly level, in jul' 21 we bounced on the eq as shown so are we going to do the same? Everybody waiting for the 0.618 39k zone so we could never touch it. Stoch RSI has bottomed too

OthmaneAo

what we are seeing since 4 dec low is a lot of overlapping and price trying to breach the low of the range multiple times without success, it looks like it's an accumulation phase as we are seeing bullish CVD forming on spot and futures coinalyze.net and since 31 dec we see even more overlapping, typical before a spring or a failed spring in wyckoff accumulation...

OthmaneAo

Looks like we are doing a corrective wave up to 63 64k to the golden pocket and hvn before another dump, the target is height of the curved channel too. that fits my previous analysis that targeted low 50's before a pump to 75k.

OthmaneAo Updated 

Since 65k top in April 2021 we made a severe correction to 30k as an ABC , since then we pumped to 40k as an A then we corrected as a B and then we started a five waves up as a C. We can see that wave iii is more than 1.618 of wave 1 and if we analyze wave iii we can see that waves proportion are respected (3 isnt the smallest wave) and that wave 4 is a triangle...

OthmaneAo Updated 

This correction will end soon if we follow elliott wave count. fibonacci rules give the wave sizes and the targets. we dip in the untouched demand zone and we take off this curve channel target is the 0.618 0.65 retrace of the last move down, it is also the VAL (value area high) of this range a breakout of this channel will give more confidence for a pushup for me...

OthmaneAo Updated 

We fully retraced the last pushup and took all the lows and we bounced on the range high, this can be the completion of an abc down for a wave iv we are still in an uptrend with bullish structure still valid, i see a last push to this major monthly level before retracing. elliot waves rules fit in this scenario

OthmaneAo Updated 

Bitcoin looking really good for a pushup to 58k we made 5 up and a short retrace while staying above the range Fibs fit with that major monthly level and HVN we range for the weekend and then take off

OthmaneAo Updated 

Bitcoin had a huge drop and have taken all naked (virgin) POCs, bouncing each time on them, the last one was a perfect bounce on the last naked POC. this align with the retest of this big channel and is a 0.618 bounce from the low to the high the bounce is on R1 monthly pivot too bitcoin has made a higher high on hourly and there is a td9 buy signal on hourly...

OthmaneAo Updated 

We could see pattern repeating almost exactly like in the 5000$ area, doing higher gighs and higher lows RSI and stochRSI doing the same thing too same behavior should occur near the weekly trendline, in 2 or 3 days we will have the confirmation For me we are going UP from now

OthmaneAo

BTC is at the 0.618 support for 8 days now accumulating to pop, after the 6k -> 3k crash a recovery is a normal phase, we will be heading to 5k 5.5k and then down again

OthmaneAo

BTC is at 0.618 resistance for 8 days now and will accumulate from 2 to 9 days more and then pop, on its way to 5000 - 5500$, after the 6k -> 3k crash some recovery is a normal process