In 2022 I posted my theory the BTC longs chart had bubble like tendencies. I was partly correct. I forecast longs would spike and then drop. They didn't spike. Did drop. My forecast here was based on the expectation people would close out longs near the low and there'd not be much participating in the rally. That's how things realistically go. Social media...
What a long way we've come from the panic over the SBF thing. When I posted the points warning of a short squeeze coming the short interest in BTC was over 9,000. Today, the short interest in BTC is at an all time low. We now into the area where there'd classically be most risk of a rug pull setup in BTC, but we have very few people interested in betting on it.
Just a quick one. Textbook example of a dump to grab liquidity and trap late short sellers. Bulls grabbing fuel to help drive the next leg up and wash out over leveraged long positions. You can see pretty clearly using the bixmex short positions vs btc price.
bing bong, Joe biden has dementia and were all gonna die in WW3 but lets make some internet gold!!!!!
BTC is short at the support line March 2022 March 2023 It can break down our bounce, which makes sense when looking at the historical 12M chart and 46K candle resistance. We are at a time when we should expect a big break out of 60K resistance or break down with 35K and 30K support. The 17K gap is still open, and it's always on my radar for this or the next...
First off, Bitcoin is in a very strong bull market since 2009 so likelihood of new ATHs is always higher than not-reaching ATH ever again. Throughout 2022 Bitcoin was in a clear correction / pullback phase after 2021 distribution. Market got cleared out of leverage with Luna, FTX, 3AC, etc. fiascos and built ground for a new wave of a bull market. Bull market...
Possible repeating fractal from the 9th November where there was an ABCDEFG Rising Wedge with Bullish Breakout on the 1st December month
Possibly in a Macro ABC, with the B wave topping out at around 60-60.3k around Christmas and dropping in the new year and what would be the end of the first actual full wave 1 & 2 on the Macro Wave
We are in a bull market and through Dec 2023 clear a, b, c correction is being made. Wave a and b are clearly done. Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5. The drop won't stop until price reaches $40k level. It's a good trade with a very high likelihood of success and...
Bitcoin price and USA Election relationship A time prediction for bitcoin price rally by usa election
Expecting pullback Support 38K 35K 30K Just in time when everyone's neighbor's cat is bullish.
Interesting exponential chart Nuked to the Golden pocket? Less long exposure should make btc more free to move upwards.. And the order book is stacked af here albeit the weekly structure looks toppy as
I'm starting a new series of analysis called X MARKS THE SPOT. A fun and simplified way to present price targets without the "fluff". I will save all my results into a database and present yearly reports. The X represents our price target - obviously - however as many of my followers have witnessed throughout the years, my self taught analysis tends to be...
Hello, Green money flow curling up. I see alot of resistance ahead . BTC seems to be gasing out. I see a top out at low 50s because of the thick resistance. This would line up perfectly with what market cipher (lower indicator) Creating a smaller wave (marked yellow bottom) which then sends us to the moon with a thick green money flow wave. All of this...
I think we are heading for a retracement rally, once we get a correction from the rally longs will begin to climb again... if BTC smashes through my retracement levels of 48-53k my thesis is absolutely wrong...
Bull to bear perspective for the next year and a half. 52.3k rejection and an assessment to see if the recent parabolic trend breaks, if so structure needs to be assessed for potential head and shoulder formations. Downside target could be as low as 7.2k. Always assess risk and always be prepared to be wrong. The downside drop is contingent of a bearish...
They cought technical tops and bottoms (Not absolute tops or bottoms)
Im seeing confluence between the W1 CNH target of 40,609 and the H4 triangle target of 40,961. Be on the lookout for the retest of the 37,500-38k level.