damngoodmoney

Finding Bitcoin Stepping Stones

BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Identify the end of Bitcoin's 4th wave and the start of its 5th wave.
Comment:

The current rise is identified as 53 (currently) 5. It is wise to prepare for further declines.
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This is an upward adjustment that outperforms expectations. However, the judgment on the decline beyond 60k is the same.
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Modify the settings by supplementing the outperforming area. I think there are many opinions that the current C will end symmetrically. This is something that the writer at the beginning of the section also considered, but since it is currently believed that the possibility of further decline is higher, the judgment is fixed.
Comment:

Although the pressure to push up the section is strong, the judgment on the decline is the same.
Because of the yellow 1 section, many traders may be dissatisfied with the author's opinion as they judge a rise without adjustment in the cup and handle format, but they are interpreting it as the downward impulse 12 of the yellow 2 section.
Comment:

Bring back the discarded symmetrical 4 waves and place them on the judgment list.

If we set C to 2 to the current rising price range, the extent of the decline is too deep (less than 50K). At this time (Bitcoin halving and crypto market events), it is thought that a decline of that depth is unlikely to occur.
Comment:

Bitcoin is important in the current chart movement, but purchasing altcoins that have been on hold is also important. We plan to purchase selected alts and monitor the flow of bits.
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It is highly likely that a bull market will form from the current section until the end of the 5th wave.
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Because this is a section with severe overvolume, you need to be careful of outperformance when reaching the 5th wave.
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Although there is strong shaking in the section, we are maintaining our judgment on an upward trend.
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A rebound occurred at the target rebound point. From now on, we will identify interval ascending forms.
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Identify the interval rebound point. It is expected to be the ending point of the 4th wave.
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We are revising our judgment further due to a squeeze above the previous idea's 5-wave price estimate.

The flow that was thought to end with the yellow (1) symmetry
Yellow (2) Things are going back to the initial scenario.

First, we plan to check whether the yellow (2) trend is a fake motion and then set additional declines.

The stepping point is different, but the judgment that there will be an increase that exceeds the previous record remains unchanged.
Comment:

Same as the previous idea. I think it is important to check fake motion.
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It is wise to set the reference point to 66k to check fake motion.
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If you have climbed to 66k, the next plan is to check the increase to 70k.
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There is a high possibility of a tug of war at 66k. I plan to close the position and wait and see.
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If the tug-of-war fails, the further decline is deep. This is an area where you need to be careful.
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It was confirmed that the tug of war had failed. The interpretation is extended to the adjustment range of 1 and 1.618 of the initial idea.

The above interpretation may change depending on the strength of the rise in 2, but I plan to refrain from raising expectations within the 62/66k range.
Comment:

The judgment is the same. It is still moving sideways within the set area, and if a downward adjustment occurs in the second rising zone, the decline will be very deep. You need to prepare.
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Although there is a harmonic rebound, we believe further adjustments will be made due to descending.
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There is a rebound to the point where the harmonic rise is confirmed. We plan to identify descending after confirming whether outperformance occurs.
Comment:

The expected flow was achieved. However, it is not a section where you can feel safe. There is no harm in being careful about sections where the futures and spot charts are broken.
Comment:

A trend has occurred that the author appealed to by continuing to be cautious.
From the current section, 63k is very important.
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If it moves to the yellow circle, I plan to judge it as a confirmed 5-wave rise.
The purpose of this chapter is to find the end point of wave 4. I plan to end the chapter if I get on the trend line of the yellow circle.
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The idea and judgment just before are the same. The volume in the white arrow section is important.
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The pattern of flow according to the count can be confirmed. I plan to check the main resistance points of the section using the same judgment as the previous idea.
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It's a good flow. We plan to identify short-term increases as impulses. And I plan to check the main price range.
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The price range indicated by the white arrow is a very interesting price range that allows you to check whether the 4th wave of the author's argument has concluded or whether the 4th wave is still left.
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The white arrow price range has been reached. This is a very important price range for me.
I plan to determine the next direction after checking the strength of the adjustment.
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According to my standards, it is maintaining a sideways movement in important price ranges.
When weighing the rise and adjustment, it is judged that the possibility of an increase has increased.
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Correct the count due to a downward deviation. I plan to prepare for an increase while leaving open the possibility of further adjustment of about 1.3%.

Although it has re-entered the downward channel, we believe there is a high possibility that it will quickly exit again.
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Modify the falling abc setting value to impulse. It is a trend of slightly expanding adjustments. However, it is judged that the section will be supported.
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Terminate the downward impulse and identify the corrective wave.
I plan to identify it by modifying the existing falling wedge into a broadning wedge.
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Identify the Broadening Wedge/Reverse Head and Shoulders. And we plan to monitor the option expiration time today.
Comment:

The shaking motion in the section is strong. However, we believe that it continues to show an upward leap point.
(Small counts were hidden to simplify the chart sharing.)
Comment:

The author believes that there will be a rise after the impulse in (1) ends (this is a judgment that may result in loss of external trust as the impulse is extended. However, I think a rejection decision is still too early) and plans the proportion and stop loss point accordingly. are preparing.

However, public opinion is largely identifying it as (2) Head and Shoulders and seems to be setting a breakaway of 60K.

The reason why I am sharing the above information is because the author plans to stick with (1) impulse until the rejection is confirmed even if he suffers a loss in the section, so there is no need to take risks and I want him to trade safely.
Comment:

A corrective wave linked to the downward impulse is building. To check the rise in round shape
First, you have to get on 64.5k. It is wise to trade conservatively until Bitcoin rises to the price range.
Comment:

It failed to rise above 64.5k and is building a further downward impulse.
There is no significant loss (TS), but the section with no significant profit is being repeated. (Only entering long positions / Planning to avoid short positions) We plan to confirm a rebound again at 61K.
Comment:

58.3k is the last confirmation point. If I fail to defend this price range, I plan to end this chapter and further check the end of the 4th wave.
Comment:

It is expected that the 4th wave section will be longer. This chapter is getting too long, so I will end it here.

We plan to identify the end point of the 4th wave by checking the selling price and responding to the section. Blackrock has maintained 0 Bitcoin purchases for several days. There will be a target trend, so we plan to continue to check the price range.

-This chapter had adequate profits in sections A and B, but the performance in section C was not good.
After carefully checking the C bottom point, we plan to reverse the results that are worse than expected in the C section.

BITCOIN 4.25
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