Well, interesting and confusing movements from BTC. Is this a grand setup for a bull trap, which will set off the final decent to sub 6k levels, or has grand wave 5 ended, and the confusion as sign that BTC has reached bottom, and a market reversal is fueling up? Scenario B assumes we are now forming wave 4, and the bull trap is being set. It was clear that...
*bad english alert 2 scenarios: thats the bearish scenario= after 19K BTC 1.77% correcting with ABCDE pattern,double zigzag then 5 wavesthen another double zigzag; call it 33-5-33 if u like. heading towards last target E. Wich also be the END of this huge falling wedge .(Yellow line near E). i wish us luck. --- update --- Secong scenario= yellow lines are...
Guys, I've decided to put Scenario B back on the table. Zooming into the data, I see we could be in wave B of a ABC correction. Others think this is about to turn into an extended wave 5, which is also possible. So it's possible that mini wave 4 is not complete. So to recap: SCENARIO A - assumes we are still in mini wave 3, and the rally of yesterday is just...
Hello gang. So a quick update. I think that drop has invalidated Scenario B, which took wave 4 to the All-Time-High Trend line 2. In the least, it's definitely hurt the probability of it going there. I've removed it from the graph, to simplify the TA. The scenario I've shown here are Scenario A ... this assumes that we are still in mini wave 3 of an impulse wave...
Just a quick updated guys. I'm plotting 3 scenarios: - Scenario A - WE ARE STILL IN WAVE 3. See points 3a, 4a, 5a (see continuation of pink mini-wave). This assumes we have not completed wave 3 and the current run up is just noise. This targets a 6k double bottom test to complete wave 3, up for wave 4, and then down for wave 5 to complete the mini-impulse wave...
Hello all, so just some polishing up of the graph. I've slightly adjusted the 6m trend line and that fits better with the bounce off the 6400(ish) level. It's possible we have started wave 4 (see the path to point 4b, dark purple line). Could stop at 7200, but 7800 also is possible, if we allow Elliot wave principle to be broken. Who knows with potential market...
Hello everyone, I hope you're all doing fine and having a wonderful Easter. Sadly my last prediction didn't work out further as we broke the major support line and plummeted into the abyss. We had followed that fractal for quite some time, but it did no longer when the major support broke. Ok, downtrend. But what now? But what could be bitcoins next move? I...
After a good discussion on the Chart-Attack group (Telegram), thanks to one member Urban V, I'm more convinced of the above possibilities. What we have in this chart is Grand Wave (impulse) shown in red. In pink is the mini-wave which is forming wave 5 of the grand wave. The pink is scenario A, and you will see a possibility off that in a dark purple, which is...
Well, since publishing my last idea, we have confirmation ... we are not in a triangle wave. This has simplified things, and it is likely we are in wave 5 ... the final, darkest hour for BTC. Of course everyone is asking, where is the bottom. I've read 6k, 4k, 3k, and even 1k in the blogs. Could any of these be discarded? NO! Why? Because it is BTC, and there are...
Patterns, we look for them all the time, to give us a hint at the future! Friends, I know this chart is busy, and I was in two minds about publishing it, but read it closely and you will get what I'm saying. There's a school of thought that we are currently in Grand Wave 5 (see red impulse wave), and this is the basis of my first idea published "Fork in the...
BITFINEX:BTCUSD Ever since the G20 summit is over, every crypto guy on youtube and every other platform is bragging about the crypto to the moon, BTC to the moon. But looking at the broader picture depicts something else. I want to pull your attention at the bigger time frame. Please don't get me, wrong guys. I'm not spreading the FUD. Just like all of you, I am...
Just an update guys, on the Fork in the Road. I've cleaned up the chart a bit, and added labels to help everyone read this easier. I was confident BTC 3.50%would try and test the bottom of the one year trend line (log), and gave up on that yesterday ... should not have. Patience is key! Also I've adjusted the slopes of wave 4 and 5 to be a bit shallower than 2 and...
Just an update guys, on the Fork in the Road. I've cleaned up the chart a bit, and added labels to help everyone read this easier. I was confident BTC 3.50%would try and test the bottom of the one year trend line (log), and gave up on that yesterday ... should not have. Patience is key! Also I've adjusted the slopes of wave 4 and 5 to be a bit shallower than 2 and...