Rekturnal

Rekturnal

In my view, the current Bitcoin price correction presents an opportunity to remain bullish on the cryptocurrency. If the price corrects and finds support around FWB:25K , this may suggest a correction (A-B-C) has occurred. This could signal that the upward trend is likely to continue, with new highs possible once we break through the FWB:31K level. However,...

Rekturnal

I expect $BTC and crypto markets to drop further before we can realistically feel bullish again. There's been quite a few optimistic moments (where I'm sure many people going LONG were stop-hunted or liquidated) recently but all proved to be bull traps as the markets made lower lows shortly after. I think we are in a 'Elliot Wave Double Three Correction Pattern'...

Rekturnal

I have enjoyed watching this trading setup play out the past few days. Selling at the top of this range and buying back at the bottom with stop losses incase I was wrong. Something to remember - If you look at the every large green candle(even to the smaller degree's) the market has almost always retraced 60 - 100% of that move . I don't trust these big pumps...

Rekturnal

Recently we saw a lot of EW analysts count invalidate themselves from $7350 down to $7100. This is my view on the future of trading levels on BTCUSD and Im at the point of staying short until the $4000 level where we should bounce of the next speculative support trendline. Right now I think the bears STILL definitely have the momentum behind them with an unbroken...

Rekturnal

Bitcoin has been trading in the 'chop zone' (where the big hands have been pushing the price up and down through liquidation pools of all the smaller hands). Is this the whales squeezing every last penny out of crypto before they exit? Should #Bitcoin drop lower than the lowest low since the highest high I believe we could see bitcoin drop to the $3,000. Go...

Rekturnal

This is just an interesting correlation, I really don't feel strongly about this at all however the resemblance of the 'bubble' stages is amazing. If this played out it shows us going back down to as low as $3000

Rekturnal

This is my bitcoin analysis on bitcoin, If my wave count should be correct, we have complete the first wave up since the massive correction down to the 8000's. We are currently on the final third of the correction down to (C) which should end up in the region of 8200 to 8900. Hopefully then we hit an extended 3rd wave up from (C) and making BTC seems bullish again.