ShadowBahamut02

ShadowBahamut02

We have seen something like this before. Wait for the sweep. The general structure is there however the question is how deep it goes. Probably 14.6-14.8k.

ShadowBahamut02

Ethereum is notably way more bullish when compared to Bitcoin. This same yellow trendline from the bottom of March 12 2020 crash on Bitcoin is broken to the downside however on Ethereum it is not. This seems to play into the fact that throughout 2018 all the altcoins pumped to extreme levels while Bitcoin died. If Ethereum breaks to the upside of its ATH and...

ShadowBahamut02

Im married to the money can never let her go... Maybe we hit this little trendline we have formed since bottoming for a god tier short and long opportunity.

ShadowBahamut02

We have formed some sort of channel in the past weeks and months. This sort of resembles a bear flag and if broken to the downside would definately cascade us to prices lower than 28k. Short the diagonal trendline and bid 48k for a long or wait for the trend to break down.

ShadowBahamut02

I believe that we are truly in a now confirmed bear market. We have created a lower high on the weekly bitcoin chart and have continued to dip. I believe we see the low 30ks very soon.

ShadowBahamut02 Updated 

March 2020 uptrend has been broken under for some weeks now. we will distribute and send the markets down to test around the previous high before the cascade.

ShadowBahamut02

Litecoin Folowing Its 2017-2018 Top Fractal. It will eventually explode higher after it falls creating multiple higher lows close to the previous bear market bottoms. Short-medium term bearish, long term scams are bullish lol.

ShadowBahamut02

Look at the right shoulder of the distribution circled in purple and compare it with the second purple circle.

ShadowBahamut02

Nice retest of the distribution at the important level of 50.5k. Im targetting 35k retest and bounce within the coming days and weeks.

ShadowBahamut02

Look at August-September 2020. Looks quite similar and would please both bulls and bears. We are currently retesting the distribution and I am bearish. I would not long here and the RR for longs is quite nonexistential.

ShadowBahamut02

We need to close under the monthly dojis wick if we want to see further downside. Close the montly above the line and we see bulls send bitcoin to 58k before re-evaluation of trend. I am biased bearish as per usual. These tops take a long time to bottom.

ShadowBahamut02

Just a little thoguht experiment here based on a fractal of last bear market. looks pretty logical to me. I think we continue down from here with the possibility of going to 47k first.

ShadowBahamut02

Bearish crab like structure is still something i feel confident in. However it is going a little higher on this part (How crabs normally form). 48-49k area is a retest similar to august-september 2020 Retest of the 12k breakdown.

ShadowBahamut02

Super strong trendline hit. Ties in with my bearish crab thesis. (See on my profile). Bitcoin looking good to go way lower.

ShadowBahamut02 Updated 

Crab on the beach yuh!

ShadowBahamut02 Updated 

Uptrend broken on hourly/4 hourly targetting 28880 where we will chop in the same manner we did right at 42k before we then cascade down to 20k.

ShadowBahamut02

Half of previous measured move once we break 3550 resistance.

ShadowBahamut02

Basically we are about to complete the second pair of shoulders and then omega capitulate just like in febuary and march of 2020 head and shoulder