here's a few key monthly levels which are good to have on your chart. all of them play a vital role, and are extreme levels of support. --- btc is backtesting the 21 monthly ema for the second month in a row now i've circled the previous times we've seen a similar backtest. if it happened to break down for whatever reason, it would gravitate to the next monthly...
welcome to the wild wild west, where anything goes lol --- despite this wavy move up today, i still have this feeling that we aren't done correcting yet- from this particular perspective, i am looking at the move between yesterday and today as an expanded flat into a wave B which would imply that we have a wave C to go to the downside. i very well could be...
Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) - Mid-Long-Term Perspective 28130.0-29300.0 or higher: Expected to continue upward trend 41950.0-46930.0 or more: Expected to create a new wave. Strong support section:...
call me wild, but im going to roll my +1000% short into a 100x long at my red target. this is something i don't usually do, but the market has given me this gift, and i am going to attempt to multiply it 😅. ---- so in my morning post i targeted the red line on my chart via: i did not expect us to come down here so quickly, but that's the beauty of this...
morning o/ so the usa markets are looking pretty dumpy, which leads me to believe btc isn't done yet. btc moved up overnight from my downside target in a 3 wave move; that is considered bearish. it would need to put in one more leg up in the local impulse to be considered a bullish structure. no fifth wave up = this is just a sub-wave 4 = btc drops to 33.1k...
Trend trading strategy. Long when daily RSI 14 goes over 60. Close when daily rsi goes under 40 . Simple yet powerfully accurate in the past. Just gave a signal to go long in btc after closing position near 60k . See previous 60/ 40 post for full description of implementation and concept of the RSI 60/ 40 strategy. Other helpful indicator on this...
good evening humans ~ a ton of people are starting to turn bearish for some odd reason 🤷♀️ time for a little bounce to shake things up. ---- we seem to have completed 5 waves down into a sub wave 1 of the primary wave (5). should see a little bounce that retraces 65~78.6% (potentially 88.70% if things get really heated) of todays drop before continuation to...
morning ~ my expanding diagonal was invalidated, but the 0.382 wave 4 target still sits over here in my bear post from yesterday, if you look closesly, i had a burgundy box around it, and we are here today. the key is how it came up here, through a 5-3-5, which is an abc, rather than an impulse. it can expand higher, and invalidate this bear idea easily - so...
Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- ** bottom section formation period (XBTUSD 1W Chart) - Mid-Long-Term Perspective Above the 27650.0-29350.0 section: An uptrend expected to continue. (27650.0-33101.0 section: strong support...
Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) - Mid-Long-Term Perspective 28130.0-29300.0 or higher: Expected to continue upward trend 41950.0-46930.0 or more: Expected to create a new wave. Strong support section:...
People often ask me, Elo are you bullish or bearish? And I always think to myself, why would I be bullish or bearish? Why can't I just be both equally O.o? Wolfish m8, I reply. ------ The argument against my bear case is this wicked triangle. It is one of the rarest moves in the markets, happens every 1 in 1000 setups. Usually fails Very hard to...
the long squeeze continues, as longs get frantically pushed out of the market. talked about it in my last video, and it's been playing out word for word since we topped out at $45924.5. ---- what am i seeing here? an expanding diagonal for the fifth wave of the primary third of this local impulse. ---- >fear\greed index sits at 20 right now, i'd like to see it...
good morning ~ btc seemed to have bounced off my level from yesterday almost perfectly. --- i see two paths from here: the first path implies that we are still in the midst of working on a 5 wave impulse to the downside, and we are currently in a wave 4 \\ will begin a wave 5 to around 34k before we see a mean retracement. the second path implies that 5...
Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XBTUSD 1W Chart) - Mid-Long-Term Perspective Above the 27650.0-29350.0 section: An uptrend expected to continue. (27650.0-33101.0 section: strong support section) The 42084.0-47010.0 section is...
morning, as we continue the descension (as predicted in my last video) i see one of two paths both paths give us a decent sized bounce at the monthly 21ema closer to 36k a deadcat bounce more likely than not before further continuation to the downside. a conservative downside target once that bounce completes sits at 31k worst case scenario it drops to 23k...
#BTC (Update) In Daily timeframe Chart, Descending Channel Upside Breakout has Already Confirmed, Retesting in Process.. In Case of Successful Retest, Expecting a Bullish Wave towards the 51k.. 📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER.. Please like the idea for Support & Subscribe for More ideas like this and share...
Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) - Mid-Long-Term Perspective 28130.0-29300.0 or higher: Expected to continue upward trend 41950.0-46930.0 or more: Expected to create a new wave. Strong support section:...
While market doesn't look good at all I will keep my eye on possible "spring" move under 29 k, with liquidation wick probably to 24-26 k to downward line of big channell. Only if holds and some signs of re-accumulation I will still see chance for one more huge wave upwards in this bull run.