Habib0601

Habib0601

In my last update I was looking for BTC to top out very soon, around 29k We ended up pushing a bit higher to 31k and have now dropped back to 27k As already mentioned I don't believe BTC has bottomed so I'm looking for it to break the low at 15k now You can see on my chart my Elliott Wave count: - High Time frame ABC correction with wave A completed at 15k - We...

Habib0601

In my last idea, I wanted BTC to push lower after it had hit my resistance level at 26.6k This level offered a 10% drop, pretty strong indeed, but the idea didn't follow through. Now I'm looking at this resistance area, all the way from 28k to 32k The levels are all marked on my chart so I won't bother mentioning them here, I'll talk about my view on this...

Habib0601

In my last idea, I talked about 2 similar scenarios I was looking at, with the same target for both. Take the liquidity then pump to 26.6k (those were my 2 scenarios) We ended up taking the lower liquidity at 20k before pumping to my target. As I said, 26.6k was a very important level, after it we don't have much resistance until 29-30k As you can see, BTC...

Habib0601

In my last update, BTC was consolidating at 20.8k after it had broken a key level for us (21.4k). I stated that I expected higher with the first target being the OB 23.2-23.6k which has now been reached. We have rejected the OB multiple times, then swing failured the highs twice, and are now consolidating again below the OB. I personally would still like to see...

Habib0601

In my last update, I shared with you my primary EW count, with an invalidation level at 21.4k My primary count that was bearish is now invalidated, giving us some evidence that BTC might have bottomed. Now, there is still a count that would push BTC lower (WXYXZ), but I won't share it as it won't really be beneficial here. This being said, EW aside, I'm going to...

Habib0601

In my last update, my primary count wouldn't allow BTC to break above the last high at 18.3k That count has been invalidated, here is my new count: I simply went back to my old count, where I wanted to see BTC pump to 19.3-19.6k (idea linked below) This being said, the resistance area is still the same, therefore I'm looking for BTC to top out around here (we...

Habib0601

In my last update, I showed you my primary count, arguing in favor of BTC having topped out at 18.3k We ended up dropping all the way to 16.3k, confirming my count (confirmation was a break below 16,686) This being said, I am expecting this rise to be a wave 2 before a continuation lower. On top of that, this entire wave looks very corrective (low volatility and...

Habib0601

Here is my EW count that I've been talking about for a while. After hitting the OB at 18,255 yesterday, we've had a strong rejection, and looking at my EW count, it seems like it could be complete here. There is still the possibility to get one more move up, to my target at 19k, but it's not the one I'm favoring anymore. This count will be confirmed once we...

Habib0601

In the last S&P 500 update that I did (linked below) I layed out my EW count for you. It unfolded pretty well since my then, we got the drop then bounce as expect (for the current waves A and B of the larger Z wave). Quick recap: We are in a big triple three correction (3 zig zags, WXYXZ) and are now approaching our final wave down (the C leg of the Z wave) Wave...

Habib0601

In my last idea, I mentioned my bull invalidation level at 16,787 and said that wicks don't invalidate it. This level has held pretty well for now, however I have an alternate count which would allow us to break it before going higher, so keep that in kind. This being said, I'm gonna talk about the 2 scenarios I'm interested in. 1st one: We have an OB at 17,150....

Habib0601

In my last update, I gave 2 support levels and expected more upside if we got a reaction from them. We tested the 16.1k support area and got a nice bounce to the upside. My main target hasn't been reached yet (19.3-19.6k), but I just wanted to update you guys as we just got a nice SFP on a fib pocket that I've been using a lot lately, offering a nice scalp...

Habib0601

BTC has been ranging for the past 2 weeks not doing much really, I personally haven't been trading it much. However this monday, BTC has put in a nice low at 15,347 I would like this low to be a major one (on the MTF) before another move lower Support levels below us: - 16.1k (POC of move up, OB) - 15.6-15.8k (liquidity, OB) My favorite scenario would be a...

Habib0601

As mentioned in my last idea, I still expect BTC to go lower. This view will change only if we break above 21,468 (the major high that I called before the drop (idea linked below)) For now, I expect a retracement before moving lower. To the upside, I like the 19.3-19.6k resistance area. We have some other ones, not as big but also to keep an eye on: 18.7k and...

Habib0601

In my last update (link below) I said that 21,468 was a major high and that if you wanted to open shorts, wait for a retest of my resistance area at 20.4-20.8k As you can see on my chart, we got offered a beautiful reset of my area before dumping and breaking the lows like we expected. Now, BTC still has more downside, the first level I'm going to be looking at...

Habib0601

In my last update, I mentioned BTC hitting our first resistance area at 21.4k I was personally looking for a bit higher honestly, for the IE pocket right above that level, but we ended up rejecting from my first resistance level for a big dump. Now, this high that has been put in (21,468) is a major one, and unless broken, I now expect BTC to break the June 17k...

Habib0601

In my last update, I talked about the 20k support zone being very important. As you can see, we tested my support zone perfectly before getting the pump that we were expecting, and have now reached our first target. I would still like to see higher, I am very interested in that pocket above us that I've been talking about for a while now. If we break that...

Habib0601

In my last update, I said that my preferred scenario would be a retest of the imbalances below us, and drew out the expected move for you. We ended up following my scenario pretty nicely and reached our first resistance level after having taken the liquidity above 20.5 (traditional quarterly pivot). For now, this move up is looking pretty bullish, so unless we...

Habib0601

In my last update I mentioned the only support I was looking at (18.1k) got hit. It has offered a nice bounce since then, but we are now ranging after having put a local high above 19.9k We are at the bottom of the HTF range, so naturally we will be looking for longs here only. I will focus on the support levels I'm looking at for possible bounces, the resistance...