hello o/ now that bitcorn is in a downward spiral, we can easily disqualify a few of the bull cases. here's a bear case which has a pretty high probability of playing out ~ i've highlighted this idea many times before, and i've gotta bring it to your attention once again. ----- another one that i am a big fan of is the wavy triangle via: ----- there...
Russian people pumped Bitcoin , but I don't think Bitcoin can continue this situation. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h⏰ Bitcoin is in the heavy resistance zone : Cluster of Fibs 44080$ until 43330$ + Downtrend line + Uptrend line + Bitcoin sees SMA100 on top of itself. In addition, Stochastic RSI is on the Resistance line , and...
morning, i'm looking for higher prices. our indicator is very close to popping off a really nice buy signal. the bounce zone is up for debate, but my conservative upside target sits at 47.7k. could go way higher if this local count is a 1-2 1-2. ✌
morning, btc rejected a key level and was sent tumbling down. momentum slowly faded over the last few days, and the most important level which i talked about recently was not able to be breached to the upside. i'm starting to lean with the idea that btc is playing out something far more sinister than most people are currently expecting. --- we are hovering...
this has become just an alternative scenario as of now, you can probably just skip this one. update to 👇 ---- this particular case i have been talking about for a long time now, it implies that we're playing out a larger wxy which had begun back at 67k (not the absolute top) while i still do favor this idea, it is close to being invalidated. if this was...
morning, btc is attempting to see a bullish expansion here, which would invalidate 2\4 cases i had presented last night. critical moment here. 42811.0 cannot be violated if it's going to attempt to expand to 48k (to put in the 3rd wave of a higher degree) via something like this: if this level is violated 42811.0, it might obviously try again, but the...
a lot of people think the bottom has been put in, and while this is entirely possible, i bring to you a few cases which disagree with this idea. ---- scenario #1 is "The bull trap" is the one i've got displayed on my chart it implies that the summer move was a 5 wave impulse which completed a larger wave 3, and now we are in the middle of a massive wave 4...
good evening ~ i see two scenarios at play over here, scenario #1 - the bull (the one i currently favor) implies that we are backtesting the bear channel right now via a wxy of a wave B \ will see a move up into wave c in the week ahead. bull target = 43k scenario #2 - the bear implies that the local golden zone will fail to hold \ bears will take back...
good evening ~ after further assessing the wave structure and observing the weekend move - i've gotta lean slightly bullish just based on what i am currently seeing here. while my short term bear case is still possible, the probability of it is a lot lower than what i am currently presenting here tonight. ---- this case would be the beginning stages of wave D...
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...
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...
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...
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...