MichaelWallat

MichaelWallat

OK, so they've built longs from 37.140 and they haven't ever left money on the table since I've been watching. My guess as of now is that they reclaim atleast 50% of the yellow box which are longs they haven't come back for yet. They may keep going and sweep the lows but we'll just have to see when we get there. What I think they're going to do is make it look...

MichaelWallat

So we're probably looking at a rise to my level 3 "estimate" zone here. I then think they are going to bounce from that zone to this current zone for the last few hours of the weekend , act like they're rising through the 40.409 zone which has Superman level resistance and then probably significantly retrace. Option 2 is that the recent retrace has taken some long...

MichaelWallat

Look left and notice the multiple attempts at crossing 39k. Multiple rejections leading to an eventual 8.32% retrace. Combine that with the fact that we are going into the weekend, unprecedented geopolitical circumstances and the fact that it's currently dumping and it's going to be a hard to overcome in my opinion. If this does play out 37k is not out of the...

MichaelWallat

So after dropping Bitcoin as a precaution they drove price up and liquated a massive ammount of shorts while inspiring people to turn bullish. In a highly aggressive fashion they then completely dropped price as everyone was long and took an equal ammount of long positions. In the most unusual fashion they have now driven price up 19% overnight and liquidated the...

MichaelWallat

With all the recent liquidations both on the run up and the sharp move down the Market Maker has acquired the ability for this move up IMO. Wait for the move to finish and lets see where it lands so we can plot key areas for the week. I do have some projections of where this may stop based on trend lines but if it clears this major resistance it may just keep...

MichaelWallat

Somewhat overextended the Dow may push BTC into some trend lines it can't just force its way past. Any slight retrace from the Dow as BTC connects with these trend lines could lead to a small retrace in BTC. The other option is that a significantly positive day for the Dow may bring BTC through these trend lines where it may at some point retrace toward them.

MichaelWallat

I feel like lack of OI has caused them to mark price up. Major selling has given them room to continue up higher here, but look for a flush at some point even if the day even if price continues to rise for a few hourly candles into the NY session. Not FA.

MichaelWallat

This trend line I'm pointing out is impenetrable as of now. I'm not sure if this level is written into the algo, but with the global tensions and the low volume this thing is Superman. I think the market maker is doing a slow burn to around 37.8 then they will reassess the global tension situation. Look for one of the first waves down to happen soon. 38 728 is my...

MichaelWallat

Barring any negative geopolitical news, I think we have a second leg of a W formation forming here. I think BTC was forming a solid base and looking to mark up until the recent negative news. I'm actually surprised price didn't go lower. Watch for volume and wait for the move but if price clears my "launch pad" trend line with volume there could be some fireworks...