To me its obvious that BTC is done. It needs to go down from here soon. I'm thinking of a fakeout up to 31500. Then it will fall hard. ABC corrective move is done. If it breaky through the main support channel, its over 100%.
Here's a simple idea of the Wyckoff method for BTC. So we are still in accumulation phase, followed by a re-accumulation and a final distribution at ~100k. Whats your opinion?
Will BTC see the 100k? Yes. When? Probably in Q4 2025. Stay tuned, the money printers will get started soon..
I hope you followed my previous ideas about BTC, so you didnt buy at the top. Patience is key, sit back and relax for the rest of the year. Our time will come!
Possible tripple bottom of BTC with this WXYXZ elliot wave count into the halving 2024. Time will tell.
BTC needs to break the white resistance line and flip it into support this time to push higher, otherwise it'll go down deeper. Simple.
So we long from here and short at ~32.000$. Market makers playing with peoples emotions, thats normal. I think May will be deep red for Crypto..
So this chart is showing you my game plan for this bear market rallye . I'm sitting on my hands until the LSMA cross is gonna happen. Everytime the cross appears, the TOP is in. My target zone lies between 38k-43k . Then im closing 70% of my longs. Then im waiting for a clear distribution pattern . If BTC is going sideways for too long then, I'm gonna close...
I knew I saw this pattern once. There it is. It's the same pattern right before the crash from the ATH. What could cause this crash? Extremly bad news? The weekly death cross? Will BTC fill the CME Gap at 9500 finally? This is looking reaaaaly bad.
They can feel the hype. They can feel your money flowing into the market. They know you want more. They want you to buy more, so they can dump on you even harder. The dump will come, and when it comes, it will come so fast that you cant even react. Trade safe, buy the fear, sell the hype.
NGS will pop from here. +200%. Lets do it!!!!! !!!!!!!! !!!!!!!!
Will BTC go lower than most poeple think due to Dow Theory? There are several CME gaps down there (9600$ - 6800$). Will they all get filled? Time will tell.
So DXY could make this double top now. Maybe it will go a bit higher than last time to bait longs. If it plays out, RIP Stocks and crypto now.
I'd be careful with longs here, BTC is overbought, indicators are showing a bearish reversal soon!
BTC is in distribution and will go down. 17.000$ or lower. Short.