volatile_trada

volatile_trada

I'm not convinced of this recent price action, bulls way too euphoric and people calling for 200k and shit, let it dump

volatile_trada

trendline test, short the ponzi, people way to euphoric and think the bull run is coming

volatile_trada

Bitcoin baits shorters, makes double top, then dumps. we can also see this entire pump was created with lower volumes than the previous candle, this is classic manipulation and follows by dump shortly after.

volatile_trada

hey guys got a little pump today and created a butterfly ! tim eto dump you know the memo

volatile_trada

as you can see if you use a trend-based fib extension based on log, price has nailed the golden pocket at 1.618 every time, according to this, if bitcoin bottoms around 9 thousand dollars, we will have an insane bull run ahead of us, Hold on to your seats folks, we're about to lift off to the moon

volatile_trada Updated 

hey guys, I'm in a long from that 4 hour trendline you see, bunch of selling, time to at minimum do a retrace of the this dump !

volatile_trada

hey guys, I have made my buy zone for bitcoin using a trend based fib retrace and a fib retrace of the 4th wave. Price will land in between this zone, so I will be DCAing hard in this zone. See you guys there !

volatile_trada

as I said in my other post, it was possible we pump into the death cross ! which just happened as you can see, this is still very bearish, bitcoin tends to do this before a big crash, it tests the cross, fails, then we see the 50-60% dump from here, still extremely bearish unless we pump above 30k

volatile_trada

Death to Bulls !!! perfect head and shoulders on 4 hour TF

volatile_trada

hey guys, price is now stuck under the fast moving sma bands, which is also stuck under the slow EMA/SMA bands, this is the first time this has ever happened in bitcoins history ! the only time we fell under was in 2019 and we made a strong recovery without price getting rejected. If we start dumping and the fast band falls fully below, we are in for a rough ride

volatile_trada

hey guys, it's my guess we'll dump into this weekly 10 and 21 EMA cross which will only add momentum do the dump like fuel on a fire ! Bots will take notice of the cross and start selling, not looking good. At best we might get one more pump into the EMA's before we fall

volatile_trada

hey guys, drew some origin lines and curved origins for some fun, looks like we can make a lower low and break into the upward channel to make new ATH

volatile_trada

hey guys as you can see multiple monthly osculators about to cross down, one of them the stoch RSI. We can also see bitcoin using it's origin lines at resistance now, last time this happened was at 12 dollars or so !

volatile_trada

as you can see it looks extremely similar, bitcoin is still a relatively young asset and most like to repeat themselves. According to Elliot wave if bitcoin decided to do a full 1.618 retrace of wave 4, we could see 6k levels. Do I think this is possible ? actually yes I do, but under extreme circumstances/black swan like Binance going under or some very scary...

volatile_trada

On a weekly timeframe we have already crossed the EMA's but on a 4 hour rolling basis as you can see we are very close to crossing. Historically this has meant a big drop. 4 hour trendline still in tact. Once we dump below the weekly 200 and use it as resistance we will dump to 20k liquidity. This will cause the death cross to occur and add fuel to the fire !

volatile_trada

Bitcoin has validated Elliot wave theory with perfect retrace levels and volume confirmation, for example splashes of volume on the third wave down. We have also formed a bearish Gartley harmonic on our way to 32k, with zero volume we can see this is a 4th wave correction suckers rally. Both Elliot wave and bearish Gartley have typical 5th wave or move AD retrace...