oli_bf

oli_bf Updated 

BTC shows a bear gartley harmonic on the daily, or we can simply say the push to 66k was a fakeout. Other than that, the price is still in a bull structure from the 60.6k bounce. The price hit the B point of the Gartley (or H4 order block of 63.7k - 64.2k) and couldn't hold above meaning, another test of 60.6k is likely. If the market was bull, I wouldn't of...

oli_bf Updated 

ETH closed under the .618 on the daily. The structure is very typical with a lower high coming in at .9 of the last high. 3.2k is the first target while 2.6k-2.5k are the ones for a bull gartley formation, which also coincides with the .618 on the weekly chart.

oli_bf Updated 

Daily close under the trendline that's been followed ever since the start with a distribution pattern.

oli_bf Updated 

We have a bear shark in formation, the current move could go as high as 26k The important levels to watch for in case we go down are 21.5k, 18.4k and the current low Final target is 12k Stocks also hit the channel from which it has been rejected multiple times

oli_bf Updated 

Everyone was calling for a breakout of the major trendline and we saw record amount of retail money flowing in the market... The rising wedge on the daily broke down last Friday, this should be the start of the next big down move. We are either looking at another 20% move, like last time, or at a 30% move. 3500, 3300 and 2900 are the targets

oli_bf Updated 

Big expanding wedge broke, bear bat with a tp at 3.2k, hold HNS neckline (blue line) AND bull div on the volume delta. time to moon! or to get faked out

oli_bf Updated 

Looks like the Eth 30% drops are inevitable. Price stalled at an order block with a bear divergence on the volume delta (the color candles) outside the VA are on the volume profile of the whole range. A 30% drop would send the price to the POC of 1220. There's a big gap in the volume profile between 1450 and 1350 so no buys should be coming in between those...

oli_bf Updated 

We've seen a slow 23% drop, now we wait for the 50% flash crash The perfect trap was set during FED day just before negative GDP was released Average volume of the 2008 lows are marked as the yellow line, we are still no where near

oli_bf Updated 

Eth made a H&S as BTC made the 23.9k high so it does seem weak, the target is 1426 and should be a quick 9% scalp HOWEVER the fomc is tomorrow and that could lead to weird moves so i'm exceptionally using a stop loss for this one at 1630

oli_bf Updated 

Short to ~20250 and ~19100 (keeping 10% for 18570) Price is slightly pushing up in a rising wedge on decreasing relative volume (instead of doing a bull flag or flat consolidation) On the bigger charts we've also hit a significant order block, this would make a double top Both 20250 and 19100 are where the volume is on the volume profile, with a big volume...

oli_bf Updated 

Long the triangle break! 30k tp based on a bearish bat with turbulence up ahead at 20.4k and the 24-25k area. Will be looking at the volume delta to see if the move is reversing

oli_bf

We have a bull bat into a possible bear butterfly. The D point of the butterfly has confluence with one of the targets for the bat and with the massive expanding wedge that has been broken and tested. First stop is expected at the 116 area Then we go to either the 110 or 106 area 106 being the 1.618-1.65 extension from AD of the butterfly

oli_bf Updated 

Monthly vwap on coinbase rejected, h4 mtf ema's rejected, golden pocket from 25k top rejected (red box), channel broken and retested everything is the same as every last drop 😎

oli_bf Updated 

On all timeframes the MFI is not supporting the recent move to the new ATH, no volume at all to back this price, MACD crossed on daily with BTC breaking 45800 should be safe to short. Short entry: 103.47 SL: 107.5 TP: 89 and 77, would keep some to see if it goes even lower, planning to close 50% at 89 The stop is tight since luna seems to just go up no matter what

oli_bf

Could just be a 45800 bounce but this Gartley now changes my bias to bearish and will be looking for shorts coming up especially in case of a 45800 break. Worst case sends btc to 26k.

oli_bf Updated 

There's a hidden bear divergence on the daily just like in July 2021, would expect the last lows wick to get filled with a first TP of 2160 and 2nd TP of 1960. For this move, BTC TPs are 31500 and 28000. There still needs a major spike of volume to come on the weekly chart before we see a reversal and this move could be it. I would expect more volatility so the...

oli_bf Updated 

I see 2 possible scenarios, bounce off around 30k or bounce off of 20k. It is important to point out the current estimated leverage ratio which is of 0.211 as of this moment. cryptoquant.com Leverage is at an all time high and has been going up during the downtrend. 20k bounce The 30k bounce seems unlikely at this time as we have yet seen a major spike in...