9-22 ethereum update + crypto theories.
good evening, i've decided to give you a guys a bit of history leading up to today, and my overall reasoning for changing my bias on the market a few months ago.
i'm going to include a vast array of posts, and plot-twists which i've published over the years, feel free to check them out if you're following along with me.
---
there was a time long ago when i called the btc+ethereum tops; my first call out was on may 16th 2021 - around the time when btc had hit 60k for the first time.
my only basis at the time was a completed 5 wave impulse.
👇
---
that summer after the initial crash, our proprietary indicator called out a weekly buy for the first time since the covid low, and my peoples and i pounced on the opportunity.
our indicator turned out to be correct, but at the time i was only looking for a B wave from the summer of 2021 lows, as things looked like they had come down in 5 waves from ath.
👇
---
btc ended up over-extending, and i actually didn't catch the second part of that particular rally, but i did call out the next top successfully on spy, qqq, eth, btc.
👇
---
at the time, i was still looking at this whole correction as one massive wave 4, with a bottom to be made between 40~30k through some kind of flat pattern.
but shortly after hitting 40k... btc did not give me the reaction i was looking for. so i re-analyzed my overall theory, and came up with a few flaws in my overall count with the new data which was provided to me by this marvelous market.
i figured there could be a chance we could go a lot lower... so we shorted it, because why not right?
👇
---
the same thing happened in that 30k range.
was hoping for a bottom to be created, but the same kind of move presented itself as it did in the 40k range - a total trap.
so we shorted it again, and again, and again.
---
i still have no idea if this whole move down is part of that wave 4 which i've discussed over the last few years - it sure could be, but i doubt it at this point.
feel like it's taking a bit longer than it should, and the overall market kinda seems wonky with all of the recent events.
---
so my current bias, is the one which you see in this post.
👇
👇
basically an even larger wave 4 than i initially imagined, one of a much higher degree which dates back an entire decade.
this particular pattern is prevalent across many markets, in various parts of the world.
---
spx500 + nasdaq both are displaying bullish signals yet again & our indicators are starting to call out these wild buys which are pretty rare. it looks like everything is lining up for another pretty large move up in the months ahead, but i think that move is yet again another bull trap, before another major descension into next year.
---
nobody knows what comes next, we can only really theorize - but what we do know is, we've gotta be very strategic in this market, and use all of the resources we currently have access to at all times.
stay nimble, and humble, be vigilant and top of your toes - expect the unexpected, and bear with me while we get through this wicked market together 😎
cheers 🥂
i'm going to include a vast array of posts, and plot-twists which i've published over the years, feel free to check them out if you're following along with me.
---
there was a time long ago when i called the btc+ethereum tops; my first call out was on may 16th 2021 - around the time when btc had hit 60k for the first time.
my only basis at the time was a completed 5 wave impulse.
👇
---
that summer after the initial crash, our proprietary indicator called out a weekly buy for the first time since the covid low, and my peoples and i pounced on the opportunity.
our indicator turned out to be correct, but at the time i was only looking for a B wave from the summer of 2021 lows, as things looked like they had come down in 5 waves from ath.
👇
---
btc ended up over-extending, and i actually didn't catch the second part of that particular rally, but i did call out the next top successfully on spy, qqq, eth, btc.
👇
---
at the time, i was still looking at this whole correction as one massive wave 4, with a bottom to be made between 40~30k through some kind of flat pattern.
but shortly after hitting 40k... btc did not give me the reaction i was looking for. so i re-analyzed my overall theory, and came up with a few flaws in my overall count with the new data which was provided to me by this marvelous market.
i figured there could be a chance we could go a lot lower... so we shorted it, because why not right?
👇
---
the same thing happened in that 30k range.
was hoping for a bottom to be created, but the same kind of move presented itself as it did in the 40k range - a total trap.
so we shorted it again, and again, and again.
---
feel like it's taking a bit longer than it should, and the overall market kinda seems wonky with all of the recent events.
---
so my current bias, is the one which you see in this post.
👇
this particular pattern is prevalent across many markets, in various parts of the world.
---
spx500 + nasdaq both are displaying bullish signals yet again & our indicators are starting to call out these wild buys which are pretty rare. it looks like everything is lining up for another pretty large move up in the months ahead, but i think that move is yet again another bull trap, before another major descension into next year.
---
nobody knows what comes next, we can only really theorize - but what we do know is, we've gotta be very strategic in this market, and use all of the resources we currently have access to at all times.
stay nimble, and humble, be vigilant and top of your toes - expect the unexpected, and bear with me while we get through this wicked market together 😎
cheers 🥂
Trade active
www.youtube.com/watch?v=nW_D3MsD...