mark124

mark124

Triggering these via coordinated market orders might result in instant breakdown of so called "30k support". The key lows are very very close to each other.

mark124 Updated 

Small downside parabola seems to be developing. Take it with grain of salt as HTF trend remains still bullish. This is the lighest pain scenario, there's also second one that according to structures and measured moves should take it to low 40ks. Warning signs that suggest invalidation are closes above red lines.

mark124

Take it with grain of salt as during heavly parabolic moves any counts can be heavily unreliable

mark124

BTC still able to do perform few pushes further up, even breaking the ATH. However exhaustion is clearly visible. Typical final stage bubblish acceleration/expansion is visible on 1D+ candles Parabola remains still intact. The target in case of parabola break is marked with blue line around 12k. Stay LONG as long as parabola is intact, but if it breaks, then the...

mark124 Updated 

Bitcoin hodlers are currently under huge pain, but the pain unfortunately is not big enough to consider any kind of bottoming formation. Current market environment is excellent for triggering capitulation cycle across BTC and correcting entire upcycle in form of classical expected C wave starting from 13000. The "coronavirus/stock crash" disguise is being used...

mark124 Updated 

Shorts about to be squeezed and market participants likely get bullish straight into finish of wave "C" ;)

mark124 Updated 

There's a reason why BFX longs are loaded so hardly and you will see why, very shortly.

mark124 Updated 

Finishing.

mark124 Updated 

Invalidation on few H4 candle closes above 7.4

mark124 Updated 

Possible irregular flat correction in play. Remember that wave 2 can retrace almost whole wave 1. Invalidation of bearish scenario likely once high is breached. Do not trust weekend pumps. On 3D you can still form higher low if you look at price action. We wont be blindly shorting this or playing, but if market fails to break the highs you can be more confident...

mark124 Updated 

Chart speaks for itself. To be expected during period of next 3 months - 1 year to flush out market participants and fill all CME gaps.

mark124 Updated 

Chart says it all. We had constant lower highs and lower lows for entire year. The pattern has not be broken and there's a chance that this rally is just for setting another lower high - as long as it doesn't break 8500. In such scenario we can resume downtrend easily from here after a brief consolidation. Looking at the monthly chart, BTC is open to all...

mark124

Chart says it all. If it doesnt break 8500, then we can resume downtrend easly from here after brief consolidation.