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Since the ETF, it seems to have been a sell the news, followed by buying the dip event at the 100D MA. Dips since the start of the bull run, even before the launch of the BTC ETF, have averaged ~20% followed by a continued massive bull run. Some, including myself, speculated a break of this trend of 20% dips (breaking 38k) followed by a continued sell-off into...

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BTC looks to be in a short term distribution phase, with a likely top already in ~47k on CME. Expect moderate volatility this quarter, where I expect constant violent 10% swings in either direction between 46k and 41k until the ETF approval. Afterward, expect a drop to ~38.5k by the end of January. Note, January EOM has the highest likelihood of dropping the...

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28.5k is the invalidation line for continued bull momo. Close below it on the dailv and I think BTC either sees another bear trap/ deviation to 26k followed by a bull reversal to 37k. If the bear trap is set it is extremely risky to play. If it fails, BTC could hit at least 23k for AUG and 20k to 18.8k for SEP because both are statistically red months during the...

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The market has transitioned back into a more mean-rev phase so I dont expect bull rallies to survive for long. Also shorts are likely to be more profitable since trend following indi's have printed bearish. But use this long to capitalize on a dead cat bounce that could happen. Im not sure that it'll go up to close the gap at 4590. Trades: Trade 1 Long 4400, sl...

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Minor update to the previous idea. BlackRock BTC Trust could change things, makes me wonder if they change their mind on whether it's ESG compliant. This trade is more of a double-edged sword that is more profitable in longing for volatility rather than direction considering market forces at the moment. Expect at least a +- 20% price swing. Either we break...

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A lot of resistance at ~24.5k, coming from a long-term channel since the ATH, and the local high of ~25k in mid-Aug. Shorting given a recent decline in volume and OI slightly declining at these prices. . However, upon doing so one must consider the bull/bear case that may play out. BULL : Nov. 15k was the bottom, and we may either be in a new bull market...

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Targeting Spring 2023 for high volatility. VIX could be off the schizo charts 👁️ www.youtube.com BTC mid-late Jan 2023, min. 14.5k, max. upper 9000s given how it tends to move 3 months in advance of the SP500. Could be wrong as it's a projection, but be careful. Also, there is a case for bitcoin bulls as we did retest the previous all-time high total crypto...

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I wouldn't be surprised if a major geopolitical event is used to take the blame or worry away from people being down 80% off of their pension funds. Doesn't matter if it's engineered or not, as long as the event is present. It could come in weeks, but it's a throw-in-the-dart and a take from what I see happening the past few months. Be sure to hug your friends...

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Possible WSB play if network effects of Andrew Tate could influence Zoomer capital to buy the stock as a FU to the monopoly to social media content platforms. However, it does bring into question how much of an influence they really have given how personal savings have fallen back to 2016 levels . This idea is only valid as long as we don't close under $12.05 on...

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With the US. Economy showing signs of a decline in growth be it through the freezing of hiring of new employees, personal savings decline even worse than before the pandemic, sky-high interest rates, etc. and with conflicts arising in Eastern Europe and the South China Sea putting a strain on resources, it brings to question whether or not everything should be...

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19.2k-17.5k for max pain capitulation on this downtrend. good buy zone for spot long-term portfolio ~16k-23.5k taking into account feasible scenarios of could go. Though,16k-17k will put BTC literally down to the wire of max pain, and maybe create a generational bottom. w/ institutions being more public in their interest w/ BTC I suspect more ranging for a long...

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BTC looks like it hit a bottom after LFG cleared out its $BTC reserves to defend its stability. The momentum indicator if continues to curl up may produce a bullish momentum div, not yet confirmed. BBWP reading about to top out, no confirmation yet either upon crossover of its MA. EWT corrective target hit ~$30.7k from 1.272 fibs measured from late Jan....

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BTC has hit expected resistance around 47k from the PoC of the volume profile of the drawdown since the ATH to the Jan. 24 low of 33k. If BTC breaks the recent retest of the 55D HMA it will increase the probability of at least retesting 39k. The BBWP indicator below confirmed the end of the recent uptrend, suggesting BTC will at least consolidate for a while I...

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The next NFT frontier for the apes, APE CHAIN . Could $APE launch itself to compete w/ $BNB? It all depends on how heavily invested/serious they are in building an actual metaverse to reality. Looking at the founders of the coin, how $APE is now a payment currency on open sea , and how most metaverse projects are having trouble launching, I’m afraid $APE is a...

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A possible explanation behind the incoming crash, the retirement crisis. Will boomers transfer their wealth to the next generation via free market (allowing the market to rightfully correct and have the younger generation (Gen Y & Z) buy equities at low prices), or will the government (federal reserve) step in and increase the balance sheet (and thus "prevent" a...

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Entering a long trade given that we may be at Elliott wave 4 of 5. Will take profit along the red horizontal lines noted on the chart between 45k to 50k. Fear & Greed indicator reads as neutral and the liquidation levels adjusted for a daily time frame read below the while dotted, suggesting that there's still room in this uptrend before another corrective...

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After a rejection near the key level of 47k and a daily close under the 50% fib retrace of the 36k low to 46k high, I suspect we may face another correction. This is all under the guise that the recent uptrend was a 3-wave move, with a wick under 39.4k confirming the corrective move. So far it hasn't done so, but with a daily close under the 50%fib retracement,...

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After this drawdown, BTC seems to be bottoming out near 40k to 35k from bullish divergences appearing. I believe if we get support here around the 35k PoC levels around the chart, it'll increase the likelihood of an uptrend back toward at least 43k to 47k, another PoC. From there, it is 50/50 as to whether we'll head to overtaking the ATH or bottoming out near...