this red wave indicates the production(mining) cost per bitcoin. zooming out all the way, we can see that bitcoin has never in history went beneath the big red wave. could this time be different?
This indicator right here, "Pi Cycle Bitcoin High/Low" has called out every historical cycle top and bottom in bitcoins history. Last night, it flashed "Pi Cycle Bottom". Could this mean a bottom is in? 😏
good afternoon o/ previous idea was invalidated; going to try this one more time. --- as of this moment, the local structure does look like a clean 5 waves up. i'm going to be looking for 3 waves down after this fifth wave is completed. likely going to back-test 20k before it attempts to expand higher into the weeks ahead. --- ps. it's possible the fifth...
good morning, little overnight bounce; came a few pips earlier than what i had expected. this bounce has risen the downside target where btc will likely find a bottom. 20k range is now the 🔑 going into tomorrow, if it holds - upward expansion is to be expected. can wick deeper into my green box to grab liquidity. --- upside target raised slightly higher as...
good evening o/ --- btc has rejected the area which i had my eyes on yesterday. it's looking pretty good for continuation to the upside after this local retracement. watching the local point of control in this general area just beneath 20k for a bottom to be made. (could take a few days to get there). --- overall, looking for an expansion to 22~24k in the...
good afternoon o/ ---- i get this vibe, that btc wants to raid the lows. it might not, but if it did it would be a prime long setup for what is to come. ----- last night i shared two scenarios, i currently favor the bull. love it or hate it, but this is my current opinion about the market. ----- if we do get this deep raid, it would be the perfect bear...
i'll be 100% honest with you, both of these cases are bullish. once this correction is completed, btc will go into the hundreds of thousands, if not millions into the years ahead. the real challenge, is figuring out the path it takes to complete the current primary corrective wave. --- this case implies that bitcoin has completed a simple zig-zag (labeled as...
good morning my peoples. i've analyzed this count in twenty different ways, and i've narrowed it down to two. i wanted to share the two trajectories which currently hold the highest probability in my honest professional opinion. (view next post for case #2). ---- the first case is called "the miner + hashrate capitulation event". in the recent years, each...
morning o/ -- might see one more leg down into that middle 18,000 area the price action from down there will be key. -if we come up in 5 waves, this will open a door to higher prices -if we come up in 3 waves, the bounce will be short lived and further sell pressure will be initiated. swinging the bounce(if i get filled), may hold longer if it feels right.
majority is always wrong m8, remember that. --- good morning my peoples, i talked to you about the bull, the bear, and the ugly. today i wanna talk to you about how i'm playing this current move, and my reasoning behind it. --- i'm bullish into the next 2 weeks; specifically until july 30th. i don't care about cpi data, nor the us dolla, or what the media...
as you all know, the cpi report is coming out in 2 days. if that data fails to beat the current market expectations, i do wholeheartedly believe the markets will see an accelerated move to the downside. it will be lead by long liquidations, miner capitulation, and extreme panic. IF this happens, my target sits in a window between 12\13k. it doesn't have to...
Looking at the history of bitcoin, the data shows this is nothing new and it's most likely the bottom. Buying has historical made you you look and feel like champion. There is nothing guaranteed and there is Alloway's risk, without risk there is no reward. Always invest responsible.
good evening, been thinking a bit more about this local count, and i've come up with one more potential trajectory. --- if we see a weak three wave bounce from my original downside target (view my last post for more context) 👇 then we'll likely see a slightly deeper retracement to 19.3k. --- both scenarios lead to the same upside target of roughly 24k. just...
good afternoon my peoples, in my last few posts, i talked about the possibility of seeing 23~24k before seeing a big pivot downwards. here's how i think we can potentially get there. --- as of this moment, shorts are out-weighing the longs. 1h hidden bullish divergence is present 1\3h stochastics have entered into oversold. btc has come down in what looks to...
each dip in a bear market tends to get larger over time. reason being: >humans buy in thinking a bottom is created. >bots drive the price goes lower. >humans panic sell. ---- eventually, the larger players begin to sell off their balance sheets. -btc miners capitulate below 17.6k, as it is not profitable for them to mine btc anymore. -hash-rate declines at a...
good evening folks --- our indicator is crossing bearish up here, indicating downside pressure in the days ahead. it's possible we see one more scam pump to about 23k before the downtrend begins. --- my downside target is between 12~13k for the time being, but there is significant support between 14~15k, so it may stop there. --- ps. that downside target...
consider this post completely theoretical, and don't use it as financial advice lol. --- just about every full moon over the last few years has marked a local bottom for bitcoin. as we near july 13th, all of my indicators are pointing to a long liquidation event. it's very possible that we don't get it this time around, but if we did i reckon it would look...
good afternoon o/ ---- bitcorn looks to be breaking through various barriers. lot of sell signals popping off, but it just keeps going. ----- looking for more upside into the days ahead, as talked about in yesterdays post. little change to the count, aside from that it all looks pretty good to me. there might be another 1-2 in there, but i can't confirm it...