Some of them at the money and some of them varying amounts OTM. I think the BTC range will break soon and if it breaks to the downside we can see a strong move. Might see COIN gap down. COIN is also inside of a harmonic pattern, which in itself implies a strong move.
All of my analysis is entirely TA based and it's all based on studying how previous crashes worked. Trading small crashes on smaller timeframes and recently my models have been massively improved by having the chance to trade multiple bubbles and pops in 2021/2022. It is 100% technical analysis, but the signals I am speaking of always came with news when it...
I think BTC is getting close to breaking now and the first big move down target is around 17K. BTC bulls have gotten more and more aggressive over the recent days while price has done nothing. Always something to watch for. Also, I see a lot of people outright proclaiming "BTC is going higher and if you do not think so, you do not know what you're doing". I...
Update to: Critical support levels around the 4250 area. If a low is to be made I think it most likely comes around there and am protecting my short profits now. But if this breaks, I think we have a legit rug pull setup. Please note, you've not seen me call for a rug pull in 2023. It's not a "Cried Wolf" thing. Serious risk of it now if supports break.
Bull traps usually form with harmonics. There are actually a few ways we can derive harmonic signals here but to keep things as simple as can be, this looks like an AB=CD pattern. Where the trap comes in two equal (ish) legs and where the final pop (D leg) is the strongest part of the whole correction. During this final phase, bears are squeezed out and bulls...
I recently made a bear forecast on BTC and have been told scores of times about the "Bull flag". This is not an infallible pattern that is only found in bull moves. We, in fact, see this occur in the top of most moves before a capitulation period. Here I've shown this signal in the high before the 2020 crash and I've also pasted in a couple images from posts...
Back around Feb of 2023 I made a full pivot on my bearish analysis saying we would likely see some sort of parabolic run up. I gave a few possibilities for this. One a traditional bull trap and others with modified spike out bull traps. To date, the classic bull trap one has worked well. Here's the result of the fill. When this type of pattern works,...
We failed to break the inflection point and have now broken a couple resistances. Bias is towards R3 if the break/retest holds. Even in a bearish pattern, this would be a D leg of a harmonic correction. The end of D legs are the strongest parts. In later context, the rallies recently would look quite tame. This type of pattern would offer great short ops...
Here's the basic impulse wave pattern we tend to find inside of a bear market. Our best trading opportunities come positioning high into the W top area of correction and looking for profit targets and short term reversals after the completion of the second strong fall.
As explained previous, I think crypto is in a net bear market and we've been in a correction of that - one which has picked up pace recently. If we're in a downtrend, we should be looking for parabolic bull trap patterns (And extremely confident bulls). These are often expressed as harmonic patterns. Because harmonics are corrective patterns and because the...
I've turned off notification here because I posted some bearish crypto analysis and, you know how it is. As with in 2021, it's much more productive to just turn off comments and focus on what I am doing that engage in convos were people tell me I am 100% wrong and too confident (I love irony). Wil turn them back on once the market has dropped or a few days after...
This happens a lot before crashes. First let me frame this a bit by giving some back ground on my research into market crashes. It's important to provide context and previous analysis posts because the things I am forecasting should not be forecastable and the methods I use logically should not work. Yet, we have a track record of them working. Note, I am...
Sending out messages today to real world friends with suitable risk tolerance letting them know I think there may be decent opportunity long crypto (For a while). Let me frame a few important points for context: Many of the people I am talking about I said it looked worth getting into BTC around 10K in 2020 (Went to 6. Some bought more there, others asked me a...
Update to: 4250 broke. Low broke. Sharp correction in. Now positioning for a potential big bear break.
If SPX is setting up to break, it can not be said to be subtle. Those caught out would have to be looking at the market through bull tinted spectacles or choosing to ignore classic patterns that have worked so well in previous breaks. Added to the collection of bull trap warnings, here's the Elliot Waves. Signalling a short entry last week. - -
If we're late into the breaking of the bear trap we now need to see the late buyers getting rugged. We need to see the market set up like a "Dip" as it has done so many times before, for people to pile in - and from them then be rugged. Price should move sharply away from the obvious BTD zone. Locking bulls into losing trades. If this big break is made, it...
Can't believe I am having to write another one of these, but here's a follow up to: Since my last post, BTC has done NOTHING at all and more and more aggressively people show up to troll my post. Let me explain something to you. Technical analysis is NOT PERSONAL. When I bet a bullish harmonic or a bearish harmonic it does not mean I like/dislike the asset in...
Further to my BTC analysis, taking similar bets in ETH now. I think the stop gunning may be done.