Wave (2)- Wave (3)
I see two possibilities; Blue or Brown ?
Technical Section:
Wave (2)- Sharp Correction
Common Ratios for Wave 2:
Wave 2 = either 61.8% of Wave 1 or 76.4% of Wave 1
Long Term support levels:
The Blue Path: $ 57655 (once complete the market will reverse ..)
The Brown Path: $ 47986 (Possible and probable (Middle East war))
Wave (3)
Wave 3 = either 1.618 x length of Wave 1
or 2.618 x length of Wave 1
or 4.236 x length of Wave 1
Long Term resistance levels:
1 x length of Wave 1= $ 18100
BTCBUSD
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)This is my first post in 2024.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)
This is what I see BTC in a big picture at the moment. The lowest I anticipate (if happens) would be 36k. Moreover, BTC can correct when reaches around 48k. The top also can be around 150k in 2025. Let's see what will happen.
This is the underlying trend ...
As you know, the market has a law of its own: Buy Low (when others are fearful), Sell High (when others are greedy)
Technical Section:
The calm before the storm ($82500)
* Medium Term:
BTC is completing the first wave of the fifth wave of a five-wave rally (5).
*Long Term:
BTC is completing the fifth wave of the third wave of a five-wave rally 5.
We will see.
There's a storm on my chartHi everyone,
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave rally.
Wave 3 = 4.236 x length of Wave 1
Target = 6440
Bitcoin to the moon?Bitcoin-Gold Ratio.
If you are going to trade with the big boys, there seems to be a good chance!
An inverse head and shoulders pattern!
What is this chart telling us? this chart is signaling a prolonged bull run (a protracted wave).
(what it might lead to) as a result: Gold could drop 80% against Bitcoin!
Remember, the market (pattern!) does not care what you think.
BTC = $ 96450
Gold = $ 2860
Feb 9, 2025
Appendix
The fat years
What goes up Must come downHey guys and girls,
almost 5 weeks ago, I suggested
Oct 23, 2024 (Target = 100k)
Oct 27, 2024 (Target = 100k)
(As you well know) in November, there was some good news:
"Donald Trump won the 2024 election"
What happened next?
Bitcoin soared nearly 49% (after Trump was declared the winner of the election)
(my scenario ---> I sold)
What goes up must come down
When's the correction?
In my opinion, Bitcoin is ending its rally and expectations are shifting to a slowdown and the pre
Bitcoin BTC to $250K - BUY & HODLBitcoin went to the Moon with Dec '17 top.
Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom.
After that it went to Mars and hit the tops again in Nov '21.
It was a 2000% gain.
What can you tell from this?
Percentage-wise, Correction is lower than the gain.
So, the Dominant Trend for BTCUSD is UP!
OK, back to Earth.
Let's gather fuel and power-up the rocket.
Time to go Interstellar.
Before I go into the technical stuff, allow me to keep things simple for you.
I took t
Stand pat!Hey guys and girls,
Here is an updated chart from my (Nov 12, 2023) post
As you can see, this is only half of the battle!
Further targets: $ 74k, $ 84k, and $ 100k
Appendix:
Structure: 5-3-5 (Inverted)
Bitcoin halving countdown: 49 Days
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself.
2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
Wave III is probably too largeHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Preamble:
Several months ago when I said "stand-pat" I said it for a purpose and my purpose is right here now,
(all targets have been achieved)
The market is trying to tell us something!
As shown on this chart, Wave III is a fairly clear five (BTC is completing the fifth wave ((5)) of the third leg III of a 5-wave rally )
The Grand Super cycle from 2019 :
Wave ((3)) > 161.8% of wave ((1))
Wave ((5)) > 261.8%
Stand StillHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Sometimes I add a bit to what I have thought. let's do some math here:
Technical Section:
minute:
Wave 4 = 50% of wave 3 ($ 49k)
that was the end of it
Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528
minor:
Wave C = 123.6% of wave A ----> Target = $ 92115
Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical!
Will history repeat itself ? (A look at Bitcoin Halving)What is bitcoin halving?
Bitcoin halving is a major event that occurs every four years on the Bitcoin network. It involves the reduction of the block reward that miners receive for adding new blocks of transactions to the blockchain. The block reward was initially set at 50 BTC when the Bitcoin network first launched, and it has been halved twice since then. The first halving occurred in November 2012, reducing the block reward to 25 BTC, and the second halving occurred in July 2016, reducing th
Bears need to explain that bull flag
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision).
Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :)
Indecision kills!
What to do when you don't know what to do
1- Control Your emotions ;)
2- Nothing goes straight up (don't panic)
3- Why are you making this trade? Have a reason for every trade (buy- sell)
4- Focus on bigger patterns. one day, it will mak
Target = $ 180000(A implies B, B implies C, C implies D, D implies E)
It seems simple,
yes, it seems simple, but it works!
Anyway, let's see what it does.
Appendix: Technical Section (Wave 3):
This wave is much too big to be some kind of first wave!
- Wave 3 = either 1.62 x length of wave 1
or
2.62 x length of wave 1
or
4.25 x length of wave 1
BITCOIN. HIDDEN FACTS ON. (BTCUSD)We don't see a drop in Bitcoin .
There is no money or investment that falls forever.
Unless Of course the system crashes.
I do not give investment advice.
As soon as it breaks 28800, they will try to blow up all the crypto.
Stop-Sell = 27999 Don't worry, sell it.
Supported.
33000 (buy %5)
31900 (buy %5)
31000 (Buy %10)
30200 - (Buy %15)
29400 (Buy %15)
28800 - Last Level
27999 - Short. ( %50)
2*300 - Short Closed ?
There is no such thing as coincidence.
Tschüss!
BTC will not dip below $ 69k again.Hi everyone,
In a lot of ways, (four days later!), BTC will not dip below $ 69K again.
1- Based on historical trends following the halving ...
2- Elliott Wave Theory!
Proof of claim:
As you know, wave ((1)) and wave ((4)) cannot overlap. For this reason, there is only one possibility for the long-term outlook.
This can only mean one thing: BTC will not dip below $ 69K again.
As a result, the best time to buy Bitcoin is now
Appendix:
and then
Wave 5 is probably too largeHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Technical Section:
Wave 3 < 161.8% of wave 1
Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did)
Wave 5 is probably too large
Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3)
(Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to top of Wave 3))
Targets:
Target 1 = $ 91k
Target 2 = $ 110k
Take care.
8 to 10 new price lowsHey guys and girls,
Preamble:
You must have a plan, (what are your targets? or where is your stop loss? or ... )
Why? because, without a plan, you tend to make decisions "emotionally" :)
My vision:
BTC is about to do the unthinkable.
Technical Section:
Pattern: Bull flag
Candlestick Pattern: 8 to 10 new price lows
Pattern description: bullish reversal pattern
RSI ---> oversold
MACD ---> Buy signal
Price projections:
Buy signal = $ 64700
Target 1 = $ 68000
Target 2 = $ 72000
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