Sovryn_Matt

Sovryn_Matt Updated 

Bear Flag forming if Daily 200 MA can not be broken. I AM STILL SHORT. -Daily bearish divergence on RSI -Rejection on daily 200 MA -Too much hype yet we still 30% down from all time high -Russia/Ukraine tensions heating up Bear flag will take us $23000 at the Weekly 200 MA.

Sovryn_Matt Updated 

-SP500 has hidden bearish divergence with RSI -The pattern looks identical to the top in 2007 before the 2008 financial crash. -Yield curve now inverted. MAJOR Recession predictor!!! -FED started raising rates and market predict at least 4 more rate hikes to come in the future.

Sovryn_Matt

Take advantage of BTC moonboys who all went LONG for the BTCMIAMI2022 Event.

Sovryn_Matt

BTC still struggling to break above the daily 200 MA at $48300 which is very bearish. I am still short but the longer we stay above the $46k level the better it looks for bulls. Lets see how this unfolds.

Sovryn_Matt

-Loads of news middle east increasing oil producing and selling their oil to rest of the world. i.e. supply increases more than demand. -Funny how oil topped in june 2008 before 2008 crash? -clearly a macro parallel channel. -i think oil topped at $130 -Bearish divergence on weekly RSI

Sovryn_Matt

-M formation top on 4hr chart. -Strong rejection by daily 200 MA. -Textbook Bear flag forming, high probability is breaks down. -Yield curve inverted meaning investors are starting to take risk off the table. Also, historically a recession indicator. -4hr 200 MA is next target at $42200 short term.

Sovryn_Matt

I still think the 4th wave is not over. I still see the Week 200 MA at $20k a very strong support level to complete wave 4. Before going on the 5th and final Elliot wave to Bitcoin Mass adoption with conservative estimates of $250k to super bullish estimated of $800k for the next Bitcoin Bull run. But first we must get over the monetary tightening rate hikes which...

Sovryn_Matt

I was wrong earlier, I am still short from $47800 so the pump didnt affect me. I still think we are going below the 4hr gaussian channel.

Sovryn_Matt

High probability we break below the 4hr gaussian channel following price chart history. Market makers use mean reversion strategies so makes perfect sense that we always come back to the mean price. Highlighted in dark circles. Wyckoff Lifetime cycle model playing out too with targets below $40k. 👀 Macro: DXY flipped bullish, and Sp500 flipped bearish, Yield...

Sovryn_Matt Updated 

Don Kwons Bitcoin buys having less and less effect on price, suggesting its mostly retail pushing price from FOMO. The volume is low suggesting Whales are not buying as crypto twitter likes to claim. -Failing to break above the daily 200 MA -Weakness at $48k -Classic Wyckoff distribution top formation playing out on 1 hr chart similar to 2021 Q1

Sovryn_Matt

BTCUSD price is heading towards support on daily Gaussian channel at around $43834 price target!!!! My thesis is playing nicely. SHORT all the way.

Sovryn_Matt

-Rejection at Daily 200 MA -Bulls losing momentum with hidden daily RSI bearish divergence -Weekly 200 MA is at low $20K range -Look at my last ideas for thesis and fundamentals why. I am still short term bearish and long term moonboy on BTC. But not ready to moon yet.

Sovryn_Matt

Hidden Bearish divergence on SP500. Great Reset in 2022

Sovryn_Matt Updated 

BTC CME Gap has a 99% probability it will be filled. It's just how market makers play refill their liquidity. I am now short on BTC. Don't fall for the FOMO on crypto twitter.

Sovryn_Matt

2 weeks with non-stop green candles. I think this a bull trap. Who would long into world war 3 and FED raising rates? -Daily candles rejected by 200 MA - Michael Saylor bought another top (countertrade short signal) -Daily RSI bearish divergence since November!!!

Sovryn_Matt

Daily RSI bearish divergence. Game over for BTC bulls if we cannot break above the daily 200 MA at $48300.

Sovryn_Matt

Some Moon TA. Getting above the 200 MA at $48300 will be a step in the right direction for another Bitcoin bull run. Bitcoin Miami in 9 days sure will be exciting, I expect some big announcements. Also, be prepared for downside created by tighter FED monetary policy. Prepare for the possible.

Sovryn_Matt

Weekly MACD is soon to cross over showing a sign of bullish momentum coming to BTC price for the coming weeks. RSI is forming a nice flattening bottom shape suggesting the bottom is in. Price target of the weekly formation is at $60k. I am long unless theres any major FUD blackswans.