as btc approaches the local area of distribution, i could see signs of weakness appearing. overnight move up doesn't look impulsive anymore volume is decreasing resembles wave b, x, or 2 if this is wave b or x, then we likely see 40k in the days ahead after a little dip down to 34~35k --- if its a wave 2, then we drop to 32~28k from here. --- i don't know...
hope i didn't scare you with that sell-off earlier, just purging some late longs. ----- anyways - let's talk about: >the decreasing volume into this push down >funding is negative as of right now - >the moonbois have scattered, >fear is back in the markets >>seems extremely bullish from my perspective. ----- as we approach the 0.50% retracement, we are also...
hello, here to say there's a good chance that bitcorn drops to 32k. ---- i don't think that'll be the bottom quite yet, but it's a step in the right direction. stop just above yesterdays high ~ -not financial advice btw. ---- as for what this structure is, it's the most superior bull trap in todays markets. >called an expanded flat. >designed to trap...
“You take the blue pill, the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in wonderland, and I show you just how deep the rabbit hole goes.” -Morpheus. --- I have talked about this scenario in so much detail since around July, have done many videos discussing my entire count from the...
good evening humans, so we saw that flush which i discussed in last nights post via 👇 but i don't think it's over yet. this move came down with far too much force, and hit a very important level (the 2.618) wave 3 extension which brings me back to my point -i think we have one more leg down to go - to about 33.8k this will complete something big, and we...
good evening yall. in my last video update i discussed this exact scenario in extreme detail. go check it out if you haven't yet to get a better understanding of what just happened. ---- talked about it in this post as well via 👇 ---- i share tons of scenarios, as i anticipate every possible outcome, every single time. have always said this, the market...
good morning, seeing an alternative path right now. it's a lot less likely to the first one i shared yesterday, but it's very much possible. a lot of people are excited right now, expecting higher prices after this little move up - but we're in a complex correction here, and complex corrections are known to trick the majority. it's very possible we raid the...
good evening, i was observing the order flow all day today, and it's quite apparent that there is a little phase of accumulation taking place in this range. gotta lean with the original case from here, with a slight twist. think we see a move up to about 46k in the next 9 days. max pain on $2,039,677,024.46 worth of premium for the monthly cme expiries this...
quick update to my previous post via 👇 --- the bears have been having an absolute ball over the last few days they've been super excited, thinking we're going to 30k or something (lol) i am the bear slayer and i'm calling for a short squeeze within the next 48 hours if you are a bear, and you're reading this just know that you will be slayed. ✌
no, not yet young grasshopper. ----- looking like a classical wxy as of this morning will reject one of the pink levels on my chart - i take profit on my long at every single one \ move my stops up higher into profit as we go. wxy's can take time and are extremely corrective moves, so this last dip could take another 1-2 weeks to play out before we finally...
hello there, thought i'd share the bear case - just in case there was any bears out there hoping for lower prices (lol) i'm not on either side, just a guy who plays a violin on the titanic. make money going up, down and sideways - so wherever it goes, is where you will find me. --- firstly, we must break above 43806.53 to invalidate the bear case. if we don't...
good evening - looks like we are taking a slight turn to the expected scenario, and are playing out what i had originally anticipated via 👇 -- the pull back that follows in the days ahead will determine the outcome of the next big move. if it moves down in 3 waves to the bottom of the local range, then it's an easy long if it takes out the lows in a 5 wave...
hello hello, just wanted to share something on this fine day btc is flashing a weekly algorithmic buy signal today for the 4th time in history i outlined the last 3 times it flashed (not counting the covid crash, as that was a unique scenario). ------ what does this mean? well, it just means the weekly algos are ready to start marking up the price...
good evening ~ little update to my l.d post (find it near the bottom of this text) ----- i think we're playing out an expanded flat for this wave 2 have a feeling we're going to raid the local highs, as well as the local lows before beginning the ascension to 50k+ ps. this is only an idea, nothing is certain in these markets; trade with much caution. ps2. a...
@Memetocene just pointed out something very important on the chart that i completely overlooked - big thanks. --- we have confirmed a bearish death cross between the 55\200ema on the daily today. here's a couple other times it happened ~ --- so here's my take on this. if you're taking longs - make sure you have a strategic exit plan. while the short...
good evening, looks like we've got one more leg to go in this five wave impulse. at first glance it looked like a leading diagonal that completed this morning, but after further examination of the wave structure it looks like we've got one more higher high to be made before we see a larger dip into wave (2) of a higher degree. this move up will confirm a...
it's just that if the market shows to me that it wants lower prices, then i simply trade in the corresponding direction. i have 0 bias towards this market, and absolutely no emotion toward it either. when it trends up, i'm happily longer than most and when it trend down, i'm that guy cheering it on to go deeper. the lower it goes the better prices we get the...
good evening peoples - thought i'd share my primary micro-wave count tonight. i do think we are nearing a local bottom (closer to the 17~18th of january) what happens from there is absolutely up for debate, but i do think we'll see a larger bounce once 37k algo target is met. most likely it'll be a move up to 48~50k before further capitulation to the downside,...