Confluence: when multiple ideas are used together to form strat

I've been looking at this for almost a year now and now that I'm seeing 3 confirmations that boomer coin could be headed to 47k (usually a little above VAH), it's becoming harder to ignore, an incomplete bearish bat D leg, VAH, S/R all ending at at 47K. I've also included the bearish levels cuz having one bias is just stoopid. Just a reminder, D legs of harmonics don't always plays out, I study manipulation of failed patterns so if this this thing pancakes or goes sideways forever idgaf. I just wanted to post this b/c it looking more and more like that's where we were heading. 🤷

to me boomer coin could flush or pop on news so that's why I hate making macro predictions, srsly don't give a sht if it fails, just showing u what I've been looking at for literally a year since Oct 31, 2021

🥱

Comment:

glad someone pointed this out to me in chat and although were wrong about the B leg which falls perfectly at the 0.5 retracement from X to A (marked in yellow), I discovered that I started this bullish bat further back than I realized that my C leg disqualified the bearish bat pattern.

A fib retracement from A to B and C leg can fall between 0.382 to 0.886 in order to be valid, in this case it falls at the 0.382 (marked in yellow)

The D leg can be found from drawing a fib retracement from A - X and D will fall squarely on the 0.886 which I have here, (again marked in yellow)

The result is actually still the same more or less but I am slowly seeing VAH start to come down to match D at around $44,503. secretly I had hoped higher but you never know, anyway, here is an updated version

Comment:

I apologize for the fib mess but I wanted to make sure each fib levels clearly showed that they were valid for this bearish bat. Again, MMs are notorious for not completing D, why give everyone free money on something that plays out correctly.

Also wanna apologize for referring to bitcoin as boomer coin, it's just with these ETFs (which I'm sick of hearing about) all of the grandmas and the grandmas are going to get exposure to these ETFs by shady hedge funds at premium prices because they heard their grandkids talk about it 5+ years ago.

I don't even flip BTC, I used to use BTC as my alt cheat engage mode on fast moves. Much respect to those that trade BTC exclusively, I personally don't have the skills to do it.

I have a few more metrics that I will provide later (like anyone is actually reading any of this, hahaha)

stay safe

Comment:

Okay this is a complete mess, much like me but I'm going to expand on the first idea (yes the invalid harmonic but all good, I like breaking rules and experimenting, thinking outside the box etc and all I see is M to the dubs (W) these days and didn't bother to fib. Initial i found S/R at 47044 but we blew past that with ETF euphoria and new S/R found at 48240. zoomed in, white circle of LVNs offered rejection, congrats on those who caught that short

Comment:

zoomed out view

There is an LVN pocket 52.6 - 53.2, but unlikely cuz recency is the first rule of S/R

Bear bat D leg complete @ 0.886 on 12/4 and the targets were T1 0.382 @ 33.7K and T2 0.5 @ 30.2 + confluence w/prev (S/R). T3 @ 0.618 but not seeing any confluence except for a deep pocket of LVNs directly beneath.

I will keep this idea and keep it open as I feel the my FVRP has been positioned in a key area from a macro perspective. MMs will often hit smaller time frames for manipulation and liquidity grabs but macro levels tend to play out.

totally sorry for the mess, I'm messy like that (>*.*)>(>*.*)> so what

Comment:

I should clarify, 52K - 53K could be hit but a retrace to some common areas first then bounce yeah? who knows though, news and other factors could wick price.

Trade closed: target reached

Trade closed: stop reached

Trade closed manually