Riester

Riester

Possible wave count. This would put us in subwave 3 of wave 5. This would coincide with an altseason from May-June, and then a massive BTC/market wide consolidation in July-August.

Riester

If we flip range EQ @ 52900, I expect we push to 12H supply / previous lower high / 0.786 at 59300 From there I will watch for a flip or a rejection. If we flip then range high @ 65000 is in our sights, otherwise we reject and chop back to range EQ @ 52900

Riester

After 2 years, LTC broke out of its descending wedge. Currently tapping resistance @ 0.00523 for the third time. Like eggshells, eventually it will crack... CONFLUENCE: After 2 years we are backtesting the daily 100/200 EMAs as support! TARGET: If we keep holding the blue region and EMAs @ 0.0045, the next resistance is red @ 0.0074 for +60%

Riester

~11 months after the past two halvings, BTC experienced a 38% drop. Both times this drop lasted around a month +/- a few days. Now we have experienced a recent drop in this bull cycle. Again it was ~11 months after the halving. We are yet to retrace 38%, but if we do that puts us at a major demand zone at 38-40k which preceded the impulse to 60k. Seems a little...

Riester

Teasing a break of 0.005 at the orange region. The more it gets tested, the less supply remains to sell off... Next target is red @ 0.007. On the daily, we sent a wick into the blue region to retest with a Higher Low. Now looking to make a Higher High above the orange @ 0.005. Retest as support, and then off to the races!

Riester

One scenario to test weekly supply in Fall 2021. Just when BTC is due to go parabolic according to the S2FX Model, it would be logical to see alts, such as CRV, go parabolic as well.

Riester

Like many other alts exiting multi-year accumulation, cup & handle before price discovery?

Riester

For posterity

Riester

To confirm the bearish market structure, I expect we backtest the previous high @ 60k. At some point we ought to retest daily demand @ 51500. Need to confirm we can still hold this range. 51500 is the previous daily low, so it's also the bullish market Structure Breaker (MSB). Realistically, it might not play out exactly according to the squiggle. Will likely...

Riester

1. Backtest weekly and Trend Line as resistance This establishes bearish MS as we make a Lower High 2. Proceed to make a Lower Low, following the bearish MS. Target weekly demand @ 46500-48000 Could see a nasty wick in 44500, but expecting 46500 to hold with a daily close

03:54

Riester

BTC Video Update: - weekly demand @ 46-48k - if we lose 51000, our market structure breaker (MSB), then 46 is coming. - over the next couple of days I expect us to backtest 58-59.5k as resistance, make a Lower High (LH), and then continue to the identified demand zones

Riester

Just as sine and cosine exhibit identical periods of rotation, but remain offset to a certain degree, LTC and BTC exist in a similar manner. If BTC = digital gold, then LTC = digital silver. LTC was born from BTC's source code, albeit slightly modified. Some notable changes are faster block times and a lighter mining algorithm. The consequences of these changes...

Riester

Pivotal Level: Range EQ = 63500 BULL CASE: Reclaim 63500 and test range high @ 64800. I suspect we chop within the range if that's the case. BEAR CASE: Reject Range EQ and continue down to complete a 5-3-5 Zig Zag correction. Target is 60500 at 4H demand with a scam wick likely going for the Weekly Open @ 60000 flat.

Riester

Pictures are worth 1000 words. Take the time to look at the chart. Words won't do it justice.

Riester

Long tail wich candle printed after backtesting the previous TL resistance and the weekly open for April 4-10. Good enough for me.

Riester

Looking for a reaction at 0.008 where we have swept demand multiple times already. If we lose then level, I expect we fall to the daily demand (green region) at 0.006. Regardless of where we bounce, we must reclaim the orange region to resume bullish market structure.

Riester

Bounce off of daily demand, clear S/R flip of the blue region, and volume increase on price increase. If you did not buy at demand, then I would look to enter on a successful flip of the Orange Region (0.003). This is extra confirmation as bearish Market Structure will officially have been broken with the creation of a Higher high and eventually a Higher Low on...

Riester

BTC consolidation looks like ETH rising wedge / ascending triangle consolidation in January 2021.