From the previous high of the last major leg up (3588) The Anchor Vwap is acting as a major support as well as the neckline of H&S pattern. The H&S could follow through just as much as it could fail... I have a bias to the downside but waiting for confirmation... close and hold above 1950 to Invalidate...
This is an example of how within one set of waves, smaller fractal waves exist.
I am expecting Bitcoin to continue it's downward pursuit, as we slowly but surely are making our way to the completion of the corrective wave c (of larger corrective wave B). In the near short-term, I am spotting some institutional points of interest such as #imbalance and #Liquidity. It also appears to be performing another potential ABC Flat Irregular/Expanded...
Possible extension of Wave C (in the minute degree) of within the larger Wave B (in the Minor Degree). Extensions can only occur within Impulse Waves 1,3, & 5, therefore extensions can also occur within Waves A & C of corrections. Extensions, are better known as nested waves. As we know that within Elliott Wave theory rules, Wave 4 cannot overlap with Wave 1....
As of July 23rd, 2022 @ 11:36AM (MST) #Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) . Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport,...
This my personal opinion of what I anticipate Bitcoin doing. After completion of Supercycle Impulse Wave (I), we are expecting Supercycle Corrective Wave (II) to complete and bottom out somewhere around the range of $11k to $1k. My analysis consists of Elliot Wave, Institutional Points of Interest, and anything technically relevant.
I thought it would be interesting to build a bearish case with Consideration of FOMC meetings where interest rate hikes starting can be compared: First off Yes I am biased to bearish I will not deny that... Note: 9 days used because that's the timing of today until then Meetings: May 3rd-4th FOMC Meeting June 14th-15th FOMC Meeting Next Meeting: July 26th...
BITCOIN is unfolding a new low before it makes a more significant upward corrective move! The wave structure of significant upward movement after making a new low will determine the longer-term journey of BITCOIN! DISCLAIMER This is not an investment advice. Please do your own research and analysis while doing the investment.
$BTC remains firmly in a bearish descending parallel channel. In spite of negligible volume and price action, risk-off market behavior remains. Bitcoin has never been below the 300 week moving average, until recently that is. Atlanta Fed's Q2 GDPNow posted -2.1% on July 1st, reflecting 2 consecutive quarters of economic contraction. Multiple "well-regarded"...
Bitcoin looks for more upside over the extended American Weekend as Bulls regain confidence for a new FOMO push. SL: $18962 TP: $21274-$21634 A ride to this level would immediately then gift Bears with an amazing short opportunity. Check out my profile for more Surf ideas, upcoming Elliott Wave training and continued analysis provided via Digital Surf. If you...
Its always important to consider the reality of external factors. I have a bias to the downside and this is why: The Fed needs prices on everything: Assets, consumer goods, services, etc. to come down to reality. If Prices keep going up the fed will push harder and what I have learned is don't fight the Fed. Obviously there is more than just the FED because...
BITCOIN ABC correction is about to be finished. We have to see the nature of the upswing before becoming bullish again... Wave counts will be adjusted accordingly Only for educational purposes. DISCLAIMER Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received...
How many times can we poke support of this upward channel until we collapse a leg lower? There's a head and shoulder within this channel as well. I think the crypto market is becoming irrational. While the DXY has hit some resistance, why would the dollar continue to lose value in the macro picture if the fed is taking drastic monetary measures to reduce...
According to my analysis, most likely bitcoin and altcoins have entered the crypto winter phase. crypto winter can be defined as a period in which the prices of all cryptocurrencies drop drastically below the normal bullish trend values. Generally, during the winter period the market as a whole collapses and will not recover for a long period of time. So bitcoin...
Those that follow my Tradingview here know my thesis has been consistent: In the Fall of last year I warned my followers that the cryptocurrency market was dangerously topping out and failing to break higher. Now I am operating under the thesis that we are in yet another (the 5th) crypto winter and more downside is to come. In this video I dispell many of the...
If we just saw a major bearflag in bitcoin, and this measured move plays out, the world will turn into a crazy bitcoin is worth 12k place... 88% retraces in bear markets are nothing out of the order for bitcoin, and both the .886 and the measured move point to 12k, and looking left, you couldn't even say, that 12k doesn't make sense, that was the one big...
Measured move so basically targeting 2017 Highs! Be careful out there folks.
I am about 90% convinced that the stock market will peak and so will bitcoin between now and APRIL/MAY then we see alt coins go crazy and then we will more than likely see the bear market confirm around AUG of this year in both stocks and crypto. Lots of confluence and technical analysis pointing to this happening using the dot com bubble bursting fractal and...