agrier9

agrier9 Updated 

Touched down a multi-year trendline; two multi year bullish patterns(pennant and inverse h&S). Potential major defi inflows in 2021 after ETH staking has locked away a decent amount of supply?

agrier9

If History Repeats

agrier9

This is a possibility I have lined up for trading into the US elections. Historically the election time is fairly bearish for the month of October. Now I don't believe the low is in yet on Bitcoin or equity markets. With that being said I also recognize bitcoin rarely trades in a straight line. You could have the overall move bias pegged correctly but it may take...

agrier9

Looks like BTC might be done and ready to retrace. We have what looks like an ending diagonal for our 5th wave and strong bearish divergence on the daily.

agrier9

The big question I'm asking at the moment is whether or not the pump from the market low at 3.1k is corrective or impulsive. Are we going to see another low below 3k or is the bottom in? I personally think there are other indicators that show the bottom is in(Volume profile shows more volume at 3k region than 6k, and similarities in TA to the prior bear market...

agrier9

So my wave formation happened much faster than I expected but it nailed both my prior price targets;8250 and 7700. Looks like the 5 wave down of C is done to finish a 5-3-5 zigzag wave 2 correction. What comes after wave 2? Wave 3. My price target is between 9.5 and 10.6 for a 1:1 or a 1.618 extension of waves 1 & 3. I'm awaiting confirmation which would be a...

agrier9

So we saw bitcoin bounce from 7.3k and make a move to 9.1k. Frankly I think that was the last stand for bulls and she bounced; so checkbox for a potential bullish continuation. My thoughts on her prior price action not illustrated in this chart are that the move from 6k to 11,780 completed a 5 wave move. The retracement that followed was a 5-3-5 zig zag that ended...

agrier9

3K Yes or No? 5 Wave Impulse Down Pros: 1) Wave 2 Retraces to Golden pocket 2) Wave 4 Retraces to .5 Fib of wave 3 3) Nowhere in the chart have we broken the downtrend by setting a higher high than the previous peak since the marked wave 2. 4) Crossed under 200 Day EMA; only happened before in 2013 5) Double Top with the failure to test previous resistance on the...