BTC has been in a sharp bear market that is about 90% behind it. In the coming 1-10 days I see the final collapse into the final low with a target of $14,100 - $18,750. DM me if you are interested into any other aspects of my methodology. Thanks.
Price entering Buy Zone. Expect pivot within 3-5 trading days IMO. Falling Wedge formation, inverted H&S on Right Shoulder.
Friday will be daunting and may well mark the LOTM. September Triple Witch was ferocious, expect more same. Pivot likely Mon 18 Oct IMO.
This ain't investing advice, Do Due Diligence, GLTA!!
Bitcoin was just dealt the most bearish chart pattern there is in my book : The upside flash. Huge move higher that has HFT written all over it, followed by a huge move downward, all in the span of a few hours. The FLASH. I have severely down graded BTC. We still bounce at $25,000 area, but we'll give it all back on the grinding road to $14,000. There are a...
This is in series of charts. Linked below.
Its a long trend with a few brief layup shorts. You cant be afraid of the short. Its 1/3 of your gains. And keep you from doing a lot of stupid things. Like buying the wrong highs. When you look for shorts for profit, your a much better hodler. Ask yourself who do you know that would be shorting these highs? If...
This is a chart in a series linked below. I am seeing BTC coming in hot. I dont think we will see meaningful resistance until the actual $25,000 mark, and then it will yield briefly as well. Be ware of the 20% correction that looms just over the horizon. Dont be a knoob.
This is a continuing long trade in BTC that churns through a wave 4. See linked charts for earlier instruction. Once this wave is complete the uppward trend makes is final move toward $25,2000 - $26,000 or so. Tune in for more details.
Here is a follow up to my last chart. We are in the 1st wave 4. Beginning to signal we are nearing the top. This is labeled 1. in yellow. The 2nd wave 4 , is in purple. And it will signal when we are within hours of the top. I expect it to come in around $25,400 and that it will over throw the frame. I will be long into $25,000 and short at $25,400.
I believe the consolidation for BTC has ended. And she is ready to move higher sooner than later. I expect that with in the next 12 hrs we will be knocking on the door of all time highs. And in 24-48 hours be well into new ATH territory. Arrival at $21,880 will begin some initial resistance, and the overlapping topps of an Elliot wave 4 type triangular...
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2040 is the key level.
Breakdown will carry the price 2000 and 1980 $
Minor Cycle Retracement H4
H1 MM Resistance
Note: Medium Term Target is unchanged 2080 - 2160 - 2200
On the bigger picture, we have achieved our first target level.
As seen on the H4 chart
Price is printing a bearish harmonic pattern.
Potential retracement levels :
Murrey Math +1/8 1820
Murrey Math +1/8 1828
( I will wait for the Cycle Sniper confirmation )
Then we will focus on the red support line
Our Medium term target is 1861 $
D= 88.6 XA Retracement.
However, this can be a minor retracement only.
Looking at the Cycle Sniper 113 Extreme, we may see a further drop to 77.30
Wait for H1 C.Sniper confirmation
Breakdown of 78.12 MM 0/8 would invalidate the pattern.
AltBat 1.13 ext. can be used for re entry.