Ellionator

Ellionator

-BTC broke through the 69k top set in 2021, but has retested support below it and established a range -BTC has behaved similarly with ranges near previous cycle tops, 19k coming to mind. Once it breaks out of the range, this results in the more parabolic leg of the run -The halving is in a few days, typically there is some dump during the halving then the...

Ellionator

1) BTC more bullish than expected, pumps here at 28k stays strong through September 2) BTC Dumps below 50 MA in a fakeout to about 25k, ranges then pumps through October 3) BTC has a corrective wave down, fakes out below 20k, bottoms and pumps into the new year 2) Most probable 3) Second most probable 1) Least probable Like & Comment if you appreciate the idea

Ellionator

Scenario 2 most likely. Happy dca days frens

Ellionator

Establish ultra support in the 30's, test mid 20's, or spook the market with a sub 20k bear trap. These are the three scenarios I am considering. Listed in order of what I see as most probable: 1) Sub 20k bear trap would actually make sense...as it would cause maximum panic in the market and shake out a high percentage of 2021 positions. 2) 30k support is...

Ellionator

BTC has established ranges like this in the past and broken out of them. See related ideas. The bulls will have to make their presence known soon. Otherwise, the 21 week MA calls.

Ellionator

I'm not bearish and I'm not bullish The bull market is in danger. Critical support in the mid 40k's will determine if the bull market is to continue. This mid 40k region coincides with the 21 week moving average, which is the bull trend support from past cycles. This is the 4 hour, but if those levels break on the weekly timeframe set some ammo on the sidelines...

Ellionator

A few formations showing, looking at 90.04 for DXY on the 4hr to fail, as this is the last line of defense in a strong range. Like & Follow if you enjoy my ideas

Ellionator Updated 

ETH looks more likely to go up, but there are two direction opportunities on ETH coming up.

Ellionator Updated 

Once again BTC has formed a strong range. A break down or above this range should result in another impulse. Like and Follow if you enjoy my ideas.

Ellionator Updated 

DXY will make a decision soon and when it does, BTC will inverse correlate.

Ellionator

BTC is in price discovery, with little to speculate on besides small ranges. Meanwhile DXY has been an extremely reliable indicator for BTC, inverse correlating with BTC whenever it has large legs up or down. In other words, BTC likes to react off moves of the US dollar. Makes sense, given the "digital gold" narrative around BTC. DXY sits on important support...

Ellionator Updated 

During this bull run BTC has tended to range when traders anticipate a pullback, consolidate, then defy expectations for more upside. Expecting this again, but if it breaks below substantially we could be headed for a retest of 21 week MA. These range charts over the past month have been very good signals for trades. Like & Follow if you enjoy my ideas.

Ellionator

Waiting for a direction from this triangle before I anticipate a large move in YFI. As with other alts, the move will likely occur if we see BTC cool off a bit.

Ellionator Updated 

Long again if the price impulses off the range. Expecting bears to fight somewhere around 30k, maybe after slight extension to 32. Cheers.

Ellionator Updated 

When we were ranging between 18500-19500 most traders were calling for 13-14k, as this would have been a "healthy" retrace from a TA perspective, looking at fib levels and supports. Now many traders are calling for 20k, which would be a completely expected retrace. BTC is too bullish to respect these notions. My idea here is that she will once again disrespect...

Ellionator Updated 

I've had this drawn since November when we spiked perfectly off the launch pad (drawn in gold ). This chart was drawn off my other BTC chart recently published: When I drew this I marked a macro corrective wave and macro bullish wave scenario, with the idea that one of these two patterns will defend against the other. I'm not big on EW's but so far it's been...

Ellionator Updated 

BTC is forming a beautiful range, which could serve as a launch pad. If we go down, this will also be an important resistance level. BTC has an opportunity here to defy all expectations and do a quick impulse past all time highs. Let's see if the bulls have the cajones.

Ellionator

So far looking at the 4HR and Daily, DXY has respected measured moves. Let's see if DXY respects the measure moves on wider timeframes. Fundamentals aside (which are bearish DXY), DXY looks compelled to move down, perhaps in dramatic fashion. There is a money wall staring us in the face if DXY continues to behave in this way. It is called BTC. Like & Follow if...