Possible wave 3 inbound.. we got a clear liquidity sweep followed by a break of structure to the down since and now a pullback.. dangerous times for bulls.
From a market structure perspective the market makers are going to rekt everyone before taking this down... currently all I see is a pull back after a break of structure, which AS USUAL has bulls jumping out the window with no parachute.. gl
Looks to me like stocks are setting up a huge shark pattern here.. gl
Still think this butterfly is going to play out, currently we see a break of structure followed by a nice pullback to buy this for the completion of this harmonic... gl!
Learned today FEDs saying even more hikes are coming... they keep messing around and we're going to see the death blow to btc bulls.. with a shark pattern waiting dollar completing at 152.. which would see btc break it's last halving low, easily.
So I was looking for BTC to close that hourly gap from last week, it's doing it off of a BoS and pull back which itself created another gap to the downside. should see this dump once this harmonic is complete.. gl!
Currently have a butterfly printing after a break of structure pullback.. still expecting 20k, before a real bounce.
Found it interesting that during the 2008 collapse dxy pumped, and a equal size pump now will bring it to the double bottom target of 119ish.. coincidence i'm sure! :)
From a market structure view, looks like bears are about to take this lower.. Pretty much the same setup that brought us to these lows... down trend.., pull backs with a failure by bulls to break it upward.. currently we wicked below the start of the next down trend which tells me it's a weak low and should break soon.. I was hoping for a harmonic move to...
Never mind the fastest rate hikes in DxY history with more to come.. Never mind FEDs literally telling us 2% or bust, and while everyone has said they will stop raising rates, FEDs have proven them wrong every time. But technically speaking, this pull back is where you would actually long the dxy, the drop was a text book exhaustion pull back before heading to...
Looking at the big picture on dxy is interesting.. we had a clear double bottom after a big bullish breakout that has now retraced 50% to make another double bottom.. this is not bearish yet.
Possible gartely here if it does push up any higher.. looking for a strong dump soon, gl!
Looking at the current PA and how bulls have stalled price here... there is a good chance for a deeper pull back to create this bat pattern before the fireworks to 24k and below.. gl!
based on some market structure going on currently, Bears need to simply close below 25700 to take this down to 20k and close the gap... gl!
I think ICP is going to take out this lower trendline play dead to create this butterfly pattern before the next bull run, gl!
This is the path Im looking at for BTC to continue down to the 20k gap... simple market structure setup.. invalidate of the last swing high is taken out (28,367) gl!