bitcoin has bullish divergence on various oscillators, as well on numerous timeframes. the one shown here is the daily. bullish volume divergence currently in a daily squeeze. --- the move out of this range will be quite large, likely around 7~10k. it can most certainly go in either direction, but that's what stops are for. --- i'm quite bullish on btc...
this is pretty much the plan, from a simplified perspective. --- an ending, or leading diagonal is a 3-3-3-3-3, which is created within a contracting wedge looking thing. each move consists of 3 waves, labeled as an abc. wave 3 cannot be the shortest wave. leading diagonal appears in the beginning ending diagonal appears at the end. which one it is, we won't...
bitcorn is a mystery these last few days. stonks are flying, while bitcorn sits on the ground observing the stars. she wants to soar, but i'm not sure she can after the recent beatdowns. a bird with broken wings is bitcoin, but even with the broken wings she'll try to fly. --- targeting that 33k region on this move bullish invalidation on this setup at...
good afternoon humans, i talked about this idea a few days back, and it played out almost perfectly. view that idea over here: on track to around 33k, after which i do think we see a rejection (on may 30th +\- 1 day) \ see the final decline to around 22.9k, potentially slightly lower.
here's a simplified view of bitcoins downtrend. from the top of $69,138.5 we had 5 waves down. after the initial 5 waves down, we saw a 3 wave move which i have labeled as wave B (wave B consists of 3 smaller waves). once wave B was completed we begun another 5 waves down (currently working on wave 4). the final fifth wave should come down to about 22.9k,...
good evening, --- main idea is still in tact, currently working on a little b wave; --- >1h hidden bear confirmed, >decreasing vol, ~typical wave-b behavior. --- looking for one more little dip down to 27.9k, before the larger move up come to end this month.
it's going to take some time, but i think we're in the process of forming a significant bottom in the crypto market. we can certainly go lower, and i am pretty much expecting it (so is everyone else), but i think there's a possibility that the bottom could be in. there's no real way to know, but i have this feeling. ---- everyone wants 20k, but what if we...
the total crypto market cap suggests that a long term bottom could be in. this doesn't mean that it can't go lower; but history suggests that this could be the bottom. if a bottom is indeed in, we're going to see a significant bull run in the months ahead, which takes the total market cap up to around 4.5 trillion $. --- we're going to need some kind of...
i've been talking about this idea for quite awhile now, and it still remains on the table as btc flags down here. every attempt to move up, btc gets overbought right away \ price gets pushed back down. price is starting to contract, indicative that we could in theory be in a triangle for this sub-wave 4. currently working on wave e (the final leg). --- ...
good afternoon; --- btc looks to be playing out a double combo in this general region. a double combo is a series of three wave moves which are labeled as a w-x-y. each leg in a double combo consists of either an abc, or a wxy. (it could also contain a triangle, but they're a bit more rare). --- i'd be expecting a 3 wave move which takes btc down to around...
If this was to take place, it could be counted as a completed third leg in the wedge which I've been discussing recently. I'm really not satisfied with the price action over this last week; and it really does look to me like a phase of re-distribution -> which is why I've put myself on the sidelines for the time being. Until I can conclusively eliminate this...
hello's if the spx500 is indeed working on a diagonal, as shared in my last post(view at the bottom of this thread); then i think this is the highest probability path for bitcoin to take. a choppy 3 wave move which goes on for a few weeks, before seeing the final leg down to 22~23k. --- wave 4 could go a bit higher than my current projection, but it would need...
bunch of my indicators. in general if it is green it is good. If red not so much.
🌙 take a peak at this weekly channel: notice all of the points of confluence, and pay attention to how the previous levels of support have turned into resistance levels. now that bitcoin has successfully fallen out of the weekly channel, the lower portion of it has in theory now become a significant level of resistance. order books are stacked to the brim...
My previous post was a very optimistic outlook. The market might turn into full savage mode \ not even give the longs a chance to exit their positions, but instead create a massive liquidation event instead. Right now, longs are leveraged at levels unseen before. Historical highs on long leverage. If I was market maker 😏, I'd liquidate every last one of them,...
Real quick, If the top is indeed in(which i'm not saying it is), I would expect a decline to around 10k on Bitcoin (could go as low as 3k). The path that it takes to get down there is still unclear, but it will become very clear as more data presents itself. --- I'll be 100% honest with you all, i can care less about which direction the market goes. I make...
taking a look at this whole picture from a bearish perspective, just to entertain the idea. looks fairly clean to me, the whole vibe of this downward move. it wants to continue in my opinion. the 4h hidden bear, the triple lower highs, quadruple delta divergence, stacked order book on the sell side; the weak alts. all of it. this might be just a little pitstop...
Previous wave 4 bottom of 2013 is around fib 0.5 of wave 2 in relation to time. If we compare to current wave count, then there’s a possibility of bottoming somewhere end of May or between May to August?