There is not much to say here. Classic Elliot chart porn identifying the end of intermediate bear corrective wave and the beginning of new bear expansion wave.
HTF analysis point to very concise price action with repeating key elements every cycle. Bitcoin has completed 3 BULL cycles and is now in the final stage of completing the third BEAR cycle. First and most important is 200 weakly moving average. Previous 2 bear cycles seems to have ended around this levels without looking for mathematical precision of a lagging...
This is intermediate price action, not necessarily calling for a bull market. The next intermediate wave is up.
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Market cap analysis to predict the next crypto market and Bitcoin move. Clean TL and Fib chart-porn. ENJOY
We are that stage where we either brake it or make it. Market indecision printing on the chart and the final move is now anticipated. Confirmation levels crystal clear. RED - pack your bags and come back after a year GREEN - all-in and ride wave
As the saying goes picture is worth 1000 words. - 3 previous touches - 4th touch violation of TL - 4th touch while forming bullish structure iH&S At this levels, everything is a buy. Spot, DCA in, whenever you can as much as you can. My belief is ~0.0002100 sats was the bottom.
I will be posting long term accumulation plans for crypto blue-chip projects only. All charts are in $BTC quote currency Project 1: Injective Prime project running own L1, implementing burn mechanisms and CLOB perp exchange. Cosmos eco member.
Major trend is bullish. Thats the good news. 700bn can evaporate and still be bullish. Thats the bad news. Jokes aside, we are indeed approaching some interesting confluence on high timeframe with all the heat and fud spreading around. Here or around -3% to -5% from these levels is the ultimate market entry. If I'm wrong and start trending below that diagonal...
I have seen people calling for 14K when we were trading at 18K, 19K, 20K...... Those are people unable to see the forest for the tree. Bottom forming signs were everywhere reaching culmination with the FOMC reaction (referencing previous publication). The price action response to the news was accumulation royal seal yet most were overly bearish, comfortable in...
Lower timeframe analysis focusing only on recent price action and FOMC news release reaction. For a longer timeframe analysis you can see my previous post. This is further confirmation that market wants to move north.
Mix of clean price action, volume and price analysis to predict Bitcoin price action post Nov 2. Key element on this chart is the braking volume halting the subsequent down move prematurely and transitioning the price action into consolidation zone. Next is the breakout of consolidation zone but rejection of fib breakdown level. If you study this chart carefully...
Price compression extending over 2+ months. Bottom formation with clear accumulation below 19K. Path of least resistance. Heavy liquidity above. Breakout. Impulse move.
Last 30% VIX oversold spike (10-21 Jun) was excellent buying opportunity. - Resolved in month-long bullish #SPX500 correction. This is a second time we have 30% VIX oversold spike (23 Sep - 04 Oct). + Longer period (Cause = Effect) Another excellent buying opportunity? I say YES.
With all the doom and gloom recently haven't noticed many paying attention to the bigger picture. FOMC decision to bring 75bps rate hike was fully priced in, in fact the market had partially priced in full point hike. Despite that bear arrogance remained peak levels and have continued shorting the markets (crypto, stocks) on mega volume. Going back to Wyckoff,...
A simple H&S pattern and a lots of different stories behind it. Macro view.
This analysis in context of the general markets as the general market sentiment decides my crypto bias. - I see rally driven on low institutional buy-back volume - I see leading global economy in denial - I see inflation at a super-high levels and not coming down - I see real-estate entering bubble territory - I see demand destruction - I see consumer purchasing...
Nothing special just teasing the bears out there. I still believe we got another wave (5) left of this bull market, but we also must not lose ground any further. Those low 40K levels are very very critical imho