cryptowaveman

01:34

cryptowaveman

Still bearish in the macro at this point. need 28k to be more bullish Last video was wrong on a lot of things and biggest was assuming not having a good bounce up after 5 waves down which turned into another high. Also assumed that MATIC wasn't going to get a larger ABC and it had one of the best moves up Expecting more of a final move down around ~13k at this...

02:34

cryptowaveman

had a bump up from previous low that was unexpected but at this point it still looks to be pointing to the downside around 14k. not enough structure yet to get a better target from the micro. Overall market reaching towards the top of a zone and could be a turning point downwards that bitcoin will follow if it does. Matic could be a good short here not financial advice

00:48

cryptowaveman

similar to SPY video with target looking for right now (linked) 3rd wave target 225-250 . 5th wave 190-215 not financial advice

02:04

cryptowaveman

It looks less likely that we have an ABC finish in this area and more like we are seeing a larger degree correction. Right now expecting a move to 340-350 and bounce up for a 4th wave and then a final 5th wave A wave bottom around 300-325. other things still a possibility but right now think at least 340-350 is likely not financial advice

02:32

cryptowaveman

hasn't gotten a good 3rd wave extension like some of the altcoins have. if we do see a reversal, MATIC looks like a good potential for a short. overall market has been pumping and has gotten into a zone that could be a C top. Still bearish at this point, but not a whole lot has changed in macro not financial advice

01:36

cryptowaveman

still bearish in the macro at this point. in the micro could be seeing a roll over now if we get under 20k or possibility setting up with an ABC correction to go higher ~24k possible trades are if we get a larger move up under 21.5 could short or start adding small amount now with stop over the 21.5 area other bigger setup would be if we get down to ~17k area...

01:33

cryptowaveman

Bitcoin and market in general struggling. Looks like a falling knife and hard to call a bottom at this area. 19.5-20k looking more likely but I've closed a majority of what I was shorting and planning to close the rest around 20k. Still biased to the short but expect some kind of bump up. larger degree move down for an A wave finish ~12.5 with good move B up and...

00:57

cryptowaveman

not much of a change from last video except seeing the larger movement recently suggesting movement out of channel soon. also just got a fakeout and not that bump up was expecting in last video. still possibility but looking to the downside right now. letting the support/resistance show me. over 37.5k - potentially bottom is in not financial advice

01:32

cryptowaveman

still expecting another low at this point. not financial advice

01:31

cryptowaveman

getting close to the 32k area mentioned previously, but has faltered and appears like a 4th wave. right now micro looks weak and expecting move to ~26k and bump up then continue to 20k area not financial advice

02:39

cryptowaveman

Took profits on half of my shorts. Think we have more down to go to ~20k. that would be 3 waves - ABC correction. highest likelihood at this point imo. 5 wave down still a possibility though. If spy is getting full 5 waves down to ~325 area, then expecting bitcoin to follow suit and take a beating. not financial advice

01:43

cryptowaveman

got below my 37.5 and not showing much life. still in an area where there was chop previously and will see what happens. expecting at least 24k at this point. Not financial advice

01:47

cryptowaveman

Don't expect it to get back above 43k at this point. under 37.5 expect it to move quicker and most likely target right now is 20-25k. also a possibility could move down to 12-15k. more bullish scenario possible over 45k not financial advice

01:42

cryptowaveman

big support level close to breaking (435) along with crossing down on a wave 1 signaling SPY down to at least 400 level. possibility we are setting up all the way down to 325 area if its a larger degree move. not financial advice

00:58

cryptowaveman

didn't get a little lower as I was expecting but now seeing the wave 2 move up that I was looking for.

01:37

cryptowaveman

hit a variation of what I was expecting but don't like the size of the sub wave move up enough to say its a wave 2 yet. bearish overall and will do targets as it develops more. not financial advice

01:27

cryptowaveman

looks to be playing out to my immediately short possibility from last week and 52k-55k looking less likely. could be leading diagonal still somehow but not looking that way. expecting to see some kind of wave 2 up after we get ~40-37.5k Not financial advice

02:06

cryptowaveman

In the micro, bitcoin bullish over 42k. still leaning bearish overall with possibility getting to 52-55k. if bullish expecting 5 waves and 60k-65k previous post little too dramatic on my assumptions without much price action to confirm it not financial advice