Mayfair_Ventures

Bitcoin - They blew up the rocket?

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Enjoying the moves recently and very very interesting to see the institutional transition.

Giving 9 out of 10 calls are still "moon shots" I feel the Elliott formations/Wyckoff structures are starting to look to be in play.

Going all out on a limb. I would like to see from here, a liquidity grab around $30k, or on the next confirmation long is a break and retest of 72k.

See the previous post for the main reasons behind a drop.

However, to summarise it Institutional money would like to buy long but at a discount . That could be near a 50% mark and not really dent the sides.


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Comment: Look at the date of this image. I still think the move down is for breaking hearts
& making Phat cats fatter!
Comment: Looking at the shorter timeframe, it's also showing key levels now. Resistance above but some heavy support below. So we can expect a little sideways action (or a messy down move)
Comment: Some more key levels. Very short timeframe (30m)
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Comment: Well - step one played out nicely. Stochastic favouring the phase 2 drop also.
Comment: Bitcoin really is becoming respectable. Let's see how it dances through the next phase of this move.
Comment: Look at the level here and at the image 3 back (in updates) dated 21st March.
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Comment: Pushed towards the 618 before the drop
Comment: Which was the higher of the two 'Local' areas of interest.
Comment: Would LOVE now the move to only go to 54,000 ish level. Making a lower B instead of back to the 8Hour Order Block. Something like this...
Comment: next levels of interest.
Comment: Area 57 in play
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Comment: as per the other post
Comment: We have since tagged area 57 from the image above on the 26th of March. this one refines a potential spike and drop area.
Comment: Interesting levels of Regression & X-Trend here also. So feeling more likely to see the drop from here.
Comment: As A happened mighty quick. I have adjusted A - (same levels) just in alignment with what happened. As it moved exactly to the level predicted just a little faster. Reassessing B - The Pullback now should not be much higher. It's tagged area 57 from the post on the 26th of March (again quicker than expected) so now B comes down and E comes up.
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Comment: Updated image from the 27th
Comment: See a couple of images above. Pretty respectful she is becoming.
Comment: Back to the original - Price did not slow down for the potential LPSY. So B still in play. Worse case it makes a UT/UTAD as momentum now is mostly Bearish.
Comment: Was liking the idea of a shallower pullback from A - but it's been stubborn and went all the way 😁
Comment: Daily Timeframe update - as per the post; it's just much faster than expected. Aligned A & B to the time stamps same levels at work.
Comment: rather respectful (Still)
Comment: And 24 Hours later - Resistance still playing it's part.
Comment: Take a look at the stochastic levels - Daily, Weekly & Monthly...

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