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ethmike
Nov 6, 2023 12:02 AM

Bitcoin Elliot Wave Count Long

Bitcoin FuturesCME GLOBEX

Description

  • Pump for Bitcoin Spot ETF and Havling in Fall 2023.
  • Top around March/April 2024.
  • Failed Halving Pump.
  • Bad economic climate in 2024.
  • Liquidity Event.
  • Recession in Fall 2024.
  • Crash to sub 10K.
  • Bottom sometime in Fall 2025.

Comment

Trade still in play

Trade active

Now it's time to short pumps.

Trade active

I'm no permabull or permabear.

Sold everything on March 14 including my long term HODL positions.

Going forward I'm bearish: Cryptos and Stocks. Right now I only have my trading account looking for SHORT setups.

My thesis is a recession is coming Q2 2024 and I rather be early.

Trade active

Study:
3 peaks and a Domed House pattern. The domed house is definetely definitely for Bitcoin on the daily candle.

Trade active

The Domed house looks like it got formed on the April 30 dump.

This means going forward it's DOWN ONLY.
Comments
Scharstellar
A recession is unlikely in 2024, but the risk of inflation still looms.
damis7
The 5th wave is longer that your 3rd?? Interesting...
RR13666
good stuff
FuturesTradex
well
janm888
@FuturesTradex, Well what? He has been unbelivably correct so far.
chrisdigi
Hi Mike,

Do you anticipate the BTC top coinciding with the DXY bottoming? Ps. Are you on X? Thanks for the great work.
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