ScotThomsen

ScotThomsen

1). Huge Volume! 2). Banks are Buying! 3). Breaking trendline on wave 3!

ScotThomsen

1). Huge Volume! 2). Banks are Buying! 3). Breaking trendline on wave 3!

ScotThomsen

1). Price has very likely completed wave C @ .5950! 2). Risk Assets are strong today on US$ weakness! 3). BANKS ARE BUYING! 4). Volume is increasing... 5). Trendline intersecting with target fib. level 72.8%. 6).US $ WEAKNESS AT THE MOMENT IS ALSO ADDING TO THE ANTICIPATED RISK ASSET UPWARD SCENARIO!

ScotThomsen

3 days ago 1). Price has very likely completed wave C @ .5950! 2). Risk Assets are strong today on US$ weakness! 3). BANKS ARE BUYING! 4). Volume is increasing... 5). Trendline intersecting with target fib. level 72.8%.

ScotThomsen

1). Price is very likely heading towards the fair Market value @ 5870. 2). Risk Assets are weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline intersecting with target fib. level. 5). ONCE COMPLETED PRICE WILL PROGRESS NORTH ON WAVE 5 VERY LIKELY

ScotThomsen

1). Price is very likely heading towards the fair Market value @ 136. 2). Risk Assets are weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline intersecting with target fib. level. 5). ONCE COMPLETED PRICE WILL PROGRESS NORTH ON WAVE 5 VERY LIKELY!

ScotThomsen

1). Price is very likely heading towards the fair Market value @ 123. 2). Risk Assets are weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline intersecting with target fib. level 100% & PRICE 123.

ScotThomsen

1). Price has very likely completed wave C @ .5950! 2). Risk Assets are strong today on US$ strength! 3). BANKS ARE BUYING! 4). Volume is increasing... 5). Trendline intersecting with target fib. level 72.8%.

ScotThomsen Updated 

1). Price is very likely heading towards the fair Market value @ 123! 2). Risk Assets are Weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline is intersecting with target fib. level 100% TOWARDS 123! 6). Corrective wave C is likely dropping to complete wave 4. 7). At the bottom of wave 4 we will look for a long (Buy) position!

ScotThomsen

1). Price is very likely heading towards the fair Market value @ 107. 2). Risk Assets are Weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline is intersecting with target fib. level 50% TOWARDS 107! 6). Corrective wave 4 is likely dropping to complete wave 5. 7). At the bottom of wave 5 we will look for a long (Buy) position!...

ScotThomsen

1). Price is very likely heading towards the fair Market value @ 5300. 2). Risk Assets are Weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline is intersecting with target fib. level 50% TOWARDS 5300! 6). Corrective wave C is likely dropping to complete wave 4. 7). At the bottom of wave 4 we will look for a long (Buy) position!

ScotThomsen

1). Place Fib tool wherever it works, as theses will be key levels of Buy/Sell entries! 2). Strike a trendline off of whatever works best! 3). Establish a 5-wave/ABC sequence that seems to work! 4). Remember, wave 1 defines directional bias of price action! 5). Wave 3 slightly broke above a previous high, therefore the upward bias is likely still intact! 6). It's...

ScotThomsen Updated 

1). With Huge Wave 1, price typically will go to the previous high! 2). Buy corrective waves 2 & 4 Blue candles on smaller time frames! 3). Sell corrective waves ABC Black candles on smaller time frames! 3). Always use a FIB. tool for projections, based off a previous move! 4). Keep an eye on the gold line indicator, which is the liquidity provided by Banks for...

ScotThomsen Updated 

Yields remain high, Bonds are selling off, Huge price demand @ 4650, which is also 72.8% Impulse drop, and typically a Reversal level. Now that Mr.T backed-off on Tariffs, Powell might do a rate-cut and create a Bounce!

ScotThomsen Updated 

1). Place Fib tool wherever it works, as theses will be key levels of Buy/Sell entries! 2). Strike a trendline off of whatever works best! 3). Establish a 5-wave/ABC sequence that seems to work! 4). Remember, wave 1 defines directional bias of price action! 5). Wave 5 slightly broke above a previous high, therefore the upward bias is likely still intact! 6). It's...

ScotThomsen Updated 

1). Typically, 5 Motive Waves go 200% of Wave 1, which is established using Fib.tool levels. 2). The Chart likely needs a pullback correction towards $100K or lower for a long position entry. 3). The US$ appears to have a little steam remaining, which support the deeper ABC Bitcoin correction lower. 4). Always consider where the price is during the Motive...

ScotThomsen

1). Typically, Motive Waves go 100% of Wave 1, which is established using Fib.tool levels. 2). The Chart likely needs a pullback correction towards $100K for a long position entry. 3). The US$ appears to have a little steam remaining, which supports the deeper ABC Bitcoin correction lower. 4). Always consider where the price is during the Motive sequence, as in...

ScotThomsen Updated 

Charts like the 27.8% Fib level even more than the 61.8 Golden Ratio! Also, the Bank Liquidity shown by the Golden line indicator is selling, so it's likely a market manipulation north on retail candles, creating a Bull-Trap on wave 5 before the drop! Since it's very risky at the moment to go Long, we're going Short at 127!