CFcryptoTA

CFcryptoTA

Hello everyone, I mainly updated you on BTC lately. So here is a quick update on ETH the prince. With the merge coming eth has now painted a very well-known pattern. We can see we have now almost fully formed a Cup and Handle pattern. Although this pattern is more often than not a continuation pattern it can also be found at the tops and bottoms. We can see the...

CFcryptoTA

There is a chance that BTC is finally forming a bottom here. We have the characteristics of a double bottom in place here. The volume is expanding on the last move up after a selling climax on the first bottom and selling volume shrinking on the second bottom. This formation is a textbook Eve and Eve formation. It is the most reliable among the double bottom with...

CFcryptoTA

Hello Everyone. Let's dive deep into BTC today. We have a very interesting set up at this level. BTC have been moving in an uptrend channel for the past 10 years. We can appreciate that BTC is now flirting with the lower boundary of the channel providing Maximum risk reward ratio. During previous bear markets the bottom trendline of the channel has worked as a...

CFcryptoTA

I haven't posted on here for quite a while, so I decided to update you on BTC. We can appreciate that BTC has been forming bearish flags throughout this bear market. These are typical distribution patterns where traders take profit and bottom pickers gamble based on thin assumptions. We can see that every time BTC broke out these formations it resulted in a...

CFcryptoTA

BTC has started to show some sign s of strength with this consolidation above the 21500 resistance. It has now formed a bull pennant (half mast formation). As you can see I laid out the EW analysis and I am now expecting the possible start of the new bull run. We are in the first wave of the first wave of primary degree. A perfect spot to enter for my strategy....

CFcryptoTA

When you are fearful, zoom out...secular channel intact. Short-term bear channel, bounce overdue. This is the longest data trail on BTC you can find on chart platforms. Many says the 200 WMA has never been violated, wrong...2015 it was trading below for couple of weeks. Nevertheless stop looking for fractal and base your analysis on the present and technicals. -...

CFcryptoTA

You can see there is a strong difference between the real cyclical bear market and the current correction. Also the primary bull market last 25 years last time from 75' till the 00'. We are now at around half cycle (13 years in). Last cycle SPX did 20x since cycle low the cycle before was around 13x (if data reliable), now we have just done 6x really...

CFcryptoTA

Inside bar is the western term for harami...which is a reversal pattern. The more inside towards the opening of the candle is the spinning candle the more significant and higher it is the probability of the reversal...however the suggestion is always to wait and buy/sell on the breakout of the high/low. FOLLOW SHARE, LIKE AND COMMENT

CFcryptoTA

LEGEN...wait for it...DARY A break of the channel will be very bad news, a Secular trend would be broken and a full bear market will be on. FOLLOW ME, SHARE, LIKE AND COMMENT

CFcryptoTA

This is the full EW analysis since 2021. Classic Zig Zag correction with over extended B wave or some may classify this as expanded flat neglecting one wave in wave A back in May 2021. We have completed the 5 waves down of wave C. Personality of the wave was confirmed with volume expansion and fear in the street. The last lower timeframe wave 5 was extended which...

CFcryptoTA

Few days ago I have posted a chart looking at the possible move of BTC in the short term. If you have seen the post then you were expecting this already. Now this one will be simple and painless. You can see the trend channel BTC is currently following in its downtrend. You can also see the various Fib levels, from the targets of the EW analysis from back in...

CFcryptoTA

EW analysis. Targets either 0.382 or 0.618. Action signal only on the breakout. Half mast formation usually run 60% of pole distance which is in line with the 0.618 target. Nevertheless once again, the breakout will rule the direction. SL below point 4, the entry on the breakout or pull back after the breakout. Trailing stops will follow the trend. NEVER ACT...

CFcryptoTA

Finally the bear market is close to an end. Back in January I gave an estimation that BTC would bottom around 29-32 most likely and then updated with a possible 24k narrative. Obviously I have been gauged in the turmoil of emotion as everybody else. The most recent example was 2 weeks ago as I was expecting BTC to start climbing...I am human at the end of the day...

CFcryptoTA

I am ready...what about you? 5th wave is incoming. ABC running flat completed. Channel holding. Did you pack your bags? FOLLOW ME, SHARE, LIKE AND COMMENT.

CFcryptoTA

Hello everyone, I haven't been posting much as there was not much to say as BTC was moving sideways in a boring way. Now we arrived at the final stage. I believe BTC is bottoming out. fear is in the streets. Historically extreme fear is the best moment to buy in the markets. Also as you can see we are approaching the bottom of the long-standing channel. I expect...

CFcryptoTA

Hello everyone, I know it has been a while, but I have always been here. So far looking at my last post we nailed it with a touch of 34k and a bounce. However, I was expecting a much faster capitulation to 28k. Instead, we have been consolidating creating a classical triangle pattern, typical of wave 4 in Elliott wave analysis. In the chart, you can see I am...

CFcryptoTA

Hello Guys, this is a quick update on SP500. Last time I left you calling the double top and evening star pattern while many were expecting higher prices and possibly new highs. As you can see the double top has worked perfectly passing its target of 430. What can we see now? SPY has formed a perfect Head n Shoulder top. This is extremely bearish...if validated....

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CFcryptoTA

Hello everyone, In this video, I dive into my Hypothesis of a possible extension of the correction all the way down to 22-24k. This will help you understand how Elliott Wave theory can be applied to charts and how powerful it can be if used correctly. I hope you will enjoy it. FOLLOW ME, SHARE, LIKE AND COMMENT