wasiliyivanov

wasiliyivanov

We're all waiting for a bullish trend. But what if it's only the start of a bearish one? Look at Elliot's waves on a monthly timeframe. We got a 5-wave movement up, and we have to wait for A-B-C downtrend. I can't say precisely where the next market bottom will be, but it may be located between 67k and 50k. What do you think about this?

wasiliyivanov

So, the idea I shared with you two months ago became our reality. Now I think the price will stop at the Imbalance, and will gradually reverse. But you should not catch to the sharp movements. Right now it happens due to the huge liquidation with rollback as a result. I think we have to wait a day more, especially an Asia trading session. Take care!

wasiliyivanov

It looks like we have another correction (at least). I think the first stop is 98.420. Will it be strong support? I don't know. Today, I saw about 20k BTC moved from wallet to wallet. Why? Do they plan to sell them or buy an AI plant for Trump's strategy? :) Anyway, the huge movement caused the price to drop. How is your deposit? Is it safe?

wasiliyivanov

This morning, when a London session started, I woke up due to a lot of alerts, and I saw a huge bar go down. It was very strange because the whole market was stuck in a range. I decided it was the start of a manipulation to get liquidity below the price and then above it. Yes, I got a few cups of coffee, a few business meetings, and voila! I saw a huge bar at the...

wasiliyivanov

After the last ~48 hours, it broke through the resistance and is fixing above the zone. Also, I see the FVG above the current price, so it looks like it's the nearest target for the price. I'm not sure the price will go up after the FVG touches because we have a lot of order blocks above and some FVG below. So, you have to be patient with your long positions! Be careful!

wasiliyivanov

Now, BTC achieved a daily FVG above a huge bullish order block. No, that's not about a cargo cult around geometrical figures on the chart. It's about a lot of stop-limit orders under the order block. That means if the price pierces the order block, a lot of sell orders will be triggered to sell the instrument. And here I refer you to my previous idea!

wasiliyivanov

Yes, we have already broken through several support levels, and I want the market to stop because too many positions have already been liquidated. But I am not left alone by these several FVGs even lower (marked in purple). These are vast areas of imbalance that are unlikely to be left untouched by the big players. What do you think, will we go below $90k for Bitcoin?