#DXY peekaboo! #BTC where are you??? Looks like a DXY pop and a BTC drop.. From September 2022 until now DXY has just broke BULLISH descending wedge and the bull run is over. DXY will now gain strength and allow crypto pull back
Strap in people! this is where everyone talking bullish but rolling over bearish.
Assuming BTC hits 10k, the fibs line up great. however that candle on this trend line is crushing my chart dreams. Projecting future price is fun, but I wonder sometimes is this a "double top bull trap"? I am on the edge of my seat waiting to find out
@everyone :construction: BTC caution zone :construction: OK, there is a LOT going on @here with this chart if it crossed above 33k then the bearish scenario is gone If it crosses above that blue line the bearish scenario gets weaker because it would have to trade sideways before it can get the chance to drop again up on the top is the elliott structure laid out...
Bitcoin is riding that top line but i see a channel here the patten is under over under over... that drop could bring the price down to the 10k mark however, if it breaks up then i would have to concede that the bearish scenario is over and switch to full bull (maybe)
Bitcoin is now inside the golden pocket and holding. if it stays the next target to hit is 42k. it will remain "bullish" until it drops below 12.5k which should have happened already according to the 4 year cycle. I am still a believer that the price goes to 7.5k, or at least 9.8k to fill that CME gap but I wanted to show how well its preforming.
Going down with the ship! Either bail or HODL, its going to be a hard drop.
Double top and drop. Watching this area closely because the charts are way oversold and the bad news has just started. I expect the price to run the TA in the chart.
check out the RUBLE BTC... top chart is the strength of the RUBLE the bottom chart is the BTCRUBLE chart.. both are prime for a massive trend break... BTC going to drop
BTC has closed a 4 day candle back below the trend line and I am using the parabolic tool to show the downtrend I think it will respect the top yellow line - BTC/LONGS chart when LUNA and CELCIUS network went down, there was a massive amount of BTC longs put into the market and it flat lined. Celsius longs were taken out in profit but the LUNA longs are still...
SOL is not looking good, it did not break that major trend and will now descend. Dont pretend that this wont be the beginning of thee end for my old friend
If you run a fib channel on the 2 week chart you will see that ETH broke the .25 fib and has been riding the line.. This is a very clear sign of a big drop coming If you complete the fib channel the bottom is near 700 around august... the last and final 5th elliott wave down is about to happen.. (unless it breaks above that blue line)
On the BTC chart we can see that the price broke the all time high at 20k, which means that it was confirmed that 69k was the end of the 12345 8 year cycle. Now it looks like we are on thew way down from the top and had the 1 2 3 4 legs, here we are at the top of the last 5 structure down leg. In theory, the price can drop to 0, but I am taking into consideration...
Electroneum is an oldie but goodie... the already have a payment platform and its been in use for many years now. This is the SECRET crypto that nobody is talking about yet I see a 70% push from here to break the top of this triangle, then over 1k to the next target. If you look up Eleectroneum on CryptoPanic.com you will see this info where they have some pretty...
The BTC Longs got a massive run up when Luna crashed (BTC price at 30k) and again when Celsius crashed (BTC price 25k) and has flat lines ever since This would mean logically that all those millions of dollars worth of longs are STILL under water. The BTC price topped out at their break even point from when they entered at the time of Celsius fall. Is this going...
#btc BTC to 7.5 to 10k area On the weekly chart I have color coded the path I think that BTC will take. 1 right now its in a year long descending wedge which is BULLISH. 2 elliot triangle suggests that it has 1 more leg down to complete the D leg 3 big head and shoulders has a measured move that puts it lower than 10k (7.5) 4 its forming a double top right now...
This is the pivot point Its getting rejected under the .25 fib of the FIB CHANNEL and I don't think it'll go any higher this is the 2nd retest so the line is weak, If there is a bull trap it will run up to the 30-32k level where golden pocket is, but doubtful when looking at this chart
This Elliott Theory explains that the bottom of 2018 (3k) was the start of the 1st leg of the last set THIS IS THE 2 WEEK LOG CHART, so this is a long term idea (3 years because BTC runs on a 4 year cycle and we are at the bottom of the 1st year) wave 1 blue (3k to 14k) wave 2 red (14k to 4k) the price can retrace but not cross below the bottom of wave 0 wave 3...