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DigitalSurfTrading
Oct 21, 2021 2:15 AM

Bears Prepare to Exit Hibernation Near Bitcoin's $75K ATH 

Bitcoin / DollarBitfinex

Description

My mid-macro Elliott Wave game deserves a little more work, I must admit. Better yet, maybe it'd be better to focus on more 'macro' sized moves rather than the more short termed waves. Either way, there's still profits be made!

I suspected 65K would be the catalyst for a drop to 55K BEFORE we'd see $75,000 however, that turned out to be wrong.

Mid-macro target (55K/dead)
Macro target (75K/pending)
Corrective Bear target ($31-35K/pending)

At this point, buying above the mid 30K range is not a smart money move imho. 35K cometh; #btfd.

Comment

presently, we are likely in a flat correction (red wave) and have not entered Wave 5 of the C wave yet.

Comments
suvny21
it can't break 66k, 76% crash pending
DigitalSurfTrading
@santana2331, 76% though?
victormvf
I don't think u blew the call at all? You called for a 65K top and it hit 67K almost and is now pulling back per your analysis. You made an adjustment.
DigitalSurfTrading
@victormvf, thanks for the perspective sire. Adjustment indeed :)
victormvf
@Gumption334, Love to see some of your stock charts from time to time in this format??
victormvf
Good stuff - Like the way you laid it out and re-evaluated. Let's see how it all plays out.
DigitalSurfTrading
@victormvf, thanks man. i hate blowing calls but we'll get there. i had 75K as top target but figured we'd see 55K first ---- bummer.
SJS0772
With all the intuitional investment, the ACTUAL on-chain analytics and people still thinking we're going to 30k sooner than 100k. Guess it shows that there will always be idiotic thinking. Of course we will have pullbacks. You can't have BTC go up day after day after day without a breather. But hey, 4 hours into the new day and if some want to say 'you called' it, fine, be blind!
DigitalSurfTrading
@SJS0772, don't be so emotional. just trade --- but understand, the charts dictate the news, not the other way around :) GL.
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