-BTC
Bulls are printing and bears getting rekt.
here is my ST view, BTC expandend flat:
we are now in a small wave 3, going for 4->5 ( dark yellow)
after that the bigger wave 3 is finished and we can retrace to 4 then 5 (bright yellow)
When this is finished we make new lows for btc.
*info not in the charts
/we have not hit the real bottem yet/
retail is...
Hi @everyone,
In this post we compared the ADA previous bearmarket fractals with the current BTC bearmarket.
Incase BTC has already bottemed out we could trade this scenario.
We shared the acending bottemformation scenario already in a previous post, for more details check this post.
Regards,
Team Quantistic
Wyckoff accumulation
In this chart you see how the previous cycle bottem formation look liked, we compared ADA (previous cycle bottem) VS DYDX (currently)
However previous cycle bottem formation took longer (sideways ) then currently, the pattern is still the same.
If this scenario will play out, we have a bullish Q1 2023.
I feel what most are likely feeling we are on the edge of this thing goin gang busters. Up or down? Just trust that this thing will be quite the ride. Sooo I guess what I am saying is make sure you pack your lunch. LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
THE QUESTION EVERYONE IS ASKING, HAVE WE REACHED THE BOTTOM YES OR NO?
IN MY OPINION THIS IS STILL NOT ACHIEVED. HERE'S WHY;
CME-GAP: ALTHOUGH WE HAVE ALREADY TOUCHED THE CME-GAP, BUT IT IS NOT FILLED YET. IT WILL LIKELY BE FILLED, IN THE NEXT HOURS / DAYS.
DAYLY RSI NOT YET IN OVERSOLD AREA: WHEN WE LOOK AT THE PAST WE CAN NOTICE EVERYTIME WHEN WE HAVE...
BTC currently holding on to 9,9k support, which probaly wont hold for long.
A 1000 point correction would be in place.
Will be looking for entry around 8,8k - 9,2k.
Also notice volume has been declining since june 24 on the daily chart and is currently pretty low.
One more leg down to create a double bottem and hopefully alot of volume will come, this could give...
As we can see in the chart bitcoin is at the top of its parabolic channel, don't be surprised to see it back at the bottem of said channel in a couple of days.
