idealic55

idealic55

So far this analysis has been holding up quite well, regardless of the overall bullish sentiment. We are also hearing more bearish news from the SEC, FED, Binance, Silvergate etc., and see whales taking profit with their spot positions, which continues to add sell pressure on the market. On a technical side, nothing has changed: We are still following the Nov...

idealic55 Updated 

With price action following the November '22 fractal step-by-step, we should stay vigilant of a sharp ETH correction. On the technical level, we find plenty of evidence for bulls running out of steam with ETH, BTC, and TOTAL2 all running into major resistance. Combined with a lot of fresh longs entering the scene, all we need is a catalyst to create a mass...

idealic55

Bitcoin is following a textbook Wyckoff accumulation 3 pattern, which would bring us one more wave down before the start of the next bull market, increasing the mounting evidence we might that the next months will see a decline in price action and opening more opportunities for long-term accumulation. This wave would form the right shoulder in a classic inverse...

idealic55

Based on the November fractal that is playing out pretty accurately, we could expect BTC to move lower. On a technical level, this idea would be supported by a possible bounce from the weekly MA50 and MA100 at 25k which would act as strong resistance. Do I expect a similar FTX meltdown? Not really. But with more SEC regulation, BUSD FUD, potential FTX...

idealic55 Updated 

Looks like we are going back to 22k, based on the last weeks of following a Wyckoff Distribution schematic #1 pretty closely.

idealic55 Updated 

If ETH manages to stay in it's channel we could be right now in Wave 4/5 after EW and see some significant gains in 2018.