Zulu_Kilo

Zulu_Kilo Updated 

Taking a look first at the 4hr, we seem to be trapped in this regression channel between 10.9k and 9.3k for a little while now. Seeing the last Elliot Wave was at the top of this channel, there is a good chance we will be hitting the bottom of this channel next. We are currently chopping around the 0.618 fib inside the trend with 10.4k acting as a pretty decent...

Zulu_Kilo

Every single trader that has traded for any length of time KNOWS about retracement. There are retracements to the upside, and retracements to the downside. And if you've dealt any serious amounts of time with retracements, you've dealt with Fibonacci retracements. What's the general retracament value we're all accustomed to? Yup... The 0.618 retracement....

Zulu_Kilo Updated 

Ok, so for those of you that know EW fairly well this will make sense but for those of you that don't know Elliot Wave theory I'll explain real quick why I believe we may actually still be on an uptrend even though everyone and their mother is saying "short short short". I've been wrong before plenty of times but, and I'm ok with that, but I'm not ok with never...

Zulu_Kilo Updated 

Not even tether's printing press could save it from this... Not that it hasn't tried to at 10.5k. The price action was completely unnatural at the last consolidation before we dropped down again. But even their millions they print will succumb to "the trend is your friend". As I'm writing this I'm seeing the same type of price manipulation where they are trying...

Zulu_Kilo

So we currently have a VERY interesting situation developing. On both the DAILY and MONTHLY timeframes, we are currently above all the moving averages (most importantly) without touching any of them. This current weekly candle is the only thing holding back the price from going up parabolic (at least a short parabolic run). So we only have 3 more full days left...

Zulu_Kilo

As in my previous idea I discussed the possibility of going to 10k or 10.2k before we hit 8.5... Williams gator indicator (fractal) 4hr also happens to be right on the green SMA (the 10.2k price). Here is the deal, the (RED) ABC correction to 8.5k is starting to seem more favorable. ATR volatility indicator is SUPER low meaning a likely change in trend direction...

Zulu_Kilo Updated 

Ok guys... So in our current scenario, if we confirm our local pattern as a wedge, high probability that we go to 10k or even test the outer trend line at 10.2... IF this confirms as a regular channel because we go down to 9.4 - then 9.8 is the highest we should see before dumping back down. Keep your eyes open.

Zulu_Kilo

This modifies my previous analysis by just a few days. Same direction, same price range. We are right now starting to conclude the corrective stages of of our major ABC, intermediate ABC, local ABC and short term ABC... And they ALL point to the same thing. Coming out of our local ascending channel, expect the price to correct to the .618 fib @ 9000, and...

Zulu_Kilo

We are in a corrective Elliot Wave phase, which means the correction from the last impulse wave up (wave 5 @ 12200) MUST equal out to a full retracement per EW rules. Now... Since we already know for a fact where A and B is on the corrective wave, the fib trend from the top of 5, then to A and then to B is exactly a 1:1 which it is required to be. That 1:1...

Zulu_Kilo Updated 

"Babe Ruth-ing" this one. Yup, at bat and pointing to the bleachers... It's just too many things lining up. Elliott correction wave, EMA 200... And most importantly price trend. It is highly looking like the 8400, If/when confirmed is to stage a channel formation (on non-tether charts), or a downwards wedge on tether charts (due to price mitigation between USD...

Zulu_Kilo

So.... I bet that most of you bought in at that 9600 drop. ... Which is understandable. I did too. Then sold it when I realized I bought on emotion after checking things out further. We are at resistance on the 100 EMA on the lower side of BB cloud. Fun fact: the last time we hit the 100 EMA from the top was back after we came crashing down from the 20k...

Zulu_Kilo Updated 

A few caveats here, but BATBTC is starting to look pretty good. The 4hr is trying to break above the resistance zones around the 1860 sats. IF you are going to play this long position, always make sure that you understand that typically there is a retrace after a breakout. So when we break above the 1860 sats and are also above the 10 and 20 MA, allow it to...

Zulu_Kilo Updated 

Notice that any time we closed a 4hr below the 10 and 20 MA (white and orange MA lines) after failing from resistance, we had a good chance of seeking the 4hr support. Even when it was just getting close to closing the 4hr candle, prices "Barted" down to the 4hr support and right back up into the MAs looking for resistance. Right now, we have about 3hrs left to...

Zulu_Kilo Updated 

As you can see, we are ranging in this flag. If we break above the top of the flag,exit. Highest SL short recommended is 25x. Do your diligence... Get out of the short right around 13:00 hours or 10100 price range, that's when things can become choppy again.

Zulu_Kilo

Well guys, BTC has been at a crossroads here lately and we have all been expecting a big move up or down... It seems that the feds are keen on being on the attack against crypto in general. Report came out an hour ago that directly named major crypto assets as being responsible for drugs. ....... Now, for most of us that's nothing new..... And I know you're...

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Zulu_Kilo

Take a look at the video. Leave a like and a comment.

Zulu_Kilo

I'll say this first thing... If you're a swing trader, or any kind of trader and aren't using the Heiken-Ashi in your charts in conjunction with MA and Continuation Modeling... This may change your trading life. Keep in mind, I only use Heiken-Ashi as my main strategy, BUT only in conjuction with other methods like the 50/200 MA, Support/Resistance and Bollinger...

Zulu_Kilo Updated 

So here's the deal. We are terribly close to a 3hr death cross on 50/200 MA, Several different patterns in the larger picture are in play. 1) Bull flag pattern In this scenario, ideally we start climbing, and I mean quickly to 10800. The more time moves, the closer that 3hr death cross comes. As I'm writing this, it's trying hard, but I feel that if we don't...