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UnknownUnicorn1043646
Mar 14, 2021 3:58 AM

CRYPTO - BTCUSD $BTC.X - Bearish EW Forecast Short

Bitcoin all time history indexINDEX

Description

I see this bearish scenario, with a high probability. Which makes me not enter long with high conviction yet...

Looking for this short, trigger is a hard rejection.
- RRR: 7.5+

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Bullish thread:

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Current Swing:

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There is also quite the short setup right now. 7.37 RRR:

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Short Update:

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Short Update:

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Short Update:

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Short Update. Added RIOT position for increased exposure:

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Quick idea for a TSLA short play I am looking for tomorrow. 9 RRR:

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Update on Line Swing:

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TSLA Short Update with Analysis:

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Quick Updated BTC forecast:

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Short Update:
- Another short entry was given:

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Short Update:
- Doubled down:

Trade active

Looking back at this forecast, Elliot Waves and Fib levels are very powerful indeed, but proper judgement of the timing is what is difficult.

It seems like price is on C wave, or wave 3 until a significant swing.

Trade active

As usual, when you are ahead of the crowd, you are ridiculed by the consensus chasers... but the great thing about trading is that group validation and emotions have nothing to do with the facts.
Comments
prefabsprout
wow; noisy chart.

here let me help you: bitcoin is not going back to 44k.

read more about the fundamentals, and understand why there will be pullbacks, but not super big ones like before.

a new class of super whales are buying this up much much quicker as each month goes by. and the public is just starting to follow.
UnknownUnicorn1043646
@prefabsprout, Most traders think like you. Thanks for the offer, but I reject your help in becoming like you.
SexyKiwi
@DarkPoolTrading, Charts are nothing without understanding of the fundamentals or even the news surrounding the asset ;)
UnknownUnicorn1043646
@SexyKiwi, I have indeed done my research on the fundamentals. If you took the time to search my post history, you would see that :)
BizzarTrading
@prefabsprout hello sir, can you explain please why bitcoin will never goes under 44k lol Rekt in peace sir
prefabsprout
@BizzarTrading, good point.

notice however that the path btc has taken has virutally nothing to do with the ops chart.
xbengalilocox
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