The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in...
When I take my time to compose my posts, it typically indicates that I'm engaged in background analysis. Through experience, I've come to understand that when one's mind is solely focused on trading, important factors can be overlooked. Instead, I've adopted a habit of conducting thorough analysis. Currently, I've identified a potential long-term count for Bitcoin...
The March Candle closes with approximately +16%, creating a price structure above the previous historical high drawn in 2021. A very strong signal regarding the long term, this favors the bulls in trying to snatch convenient prices until the short period will allow it by correcting on the most important supports. The last price structure that could act as support...
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...
Yesterday, I mentioned my intention to assume a spectator role, concentrating on analysis to comprehend our current position thoroughly. This approach allows me to equip myself with insights necessary for delivering daily videos featuring insightful trade ideas. In this latest video, I've begun to shed new light on existing patterns, introducing fresh logic...
I've presented both a bearish and a bullish perspective. However, there are certain indicators I'm keeping an eye on that suggest the bearish scenario could unfold, which I'll discuss in more detail shortly. For now, i'd like to share my reflections on the current wave structure. If we haven't reached the peak yet, it's likely due to flaws in my wave count,...
I'm hesitant to delve too deeply into this count, as it seems almost inconceivable. Nonetheless, I remain open to the possibility that this chaotic scenario is far from over. My primary objective is to profit, irrespective of the market's direction. If this move is only just beginning, then I accept that reality. I'd rather not be the pessimist whose...
The current count is under scrutiny due to VRA surpassing previous highs unexpectedly. This development challenges previous assumptions. My current hypothesis suggests that we're witnessing Wave 5 within Wave E, marking the final corrective phase of the entire correction cycle. While my recent success in predicting the latest drop might seem fortunate, the...
In this revised concept, I offer my most recent analysis derived from the latest market movements. It is my contention that we are poised to revisit lower levels and breach the current support. Notably, resistance appears formidable at $68,993, with the target set at the support level of $59,044.
If Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history,...
In this video, I unveil the truth. It's imperative for me to express this because, in truth, we're all entangled in greed, eagerly chasing wealth. I liken myself to the Grinch, employing every skill I possess to thwart the propagation of this misguided notion. We're ensnared in a cycle of deceit. This isn't a bullish market; rather, we're ensnared by the...
We haven't seen a monthly candle with a positive closing of more than 40% since 2020. There is little to say here, except that it will be difficult to understand when a correction will arrive, something that many are waiting for, it is not known whether buyers will give the possibility of seeing lower levels, the highlighted area is the one at 58k usd , where...
This video isn't about trading ideas, but rather about my current thoughts on these cryptocurrencies. Right now, I'm leaning towards shorting XRP rather than XLM given the current setup. Bitcoin has experienced a significant rally, but I believe its potential is limited. We haven't fully emerged from the long-term correction that began in 2017 yet. When that...
Fib level-based chart setup for this 4-year cycle. The preview wasn't so bad after all...
This is a monthly chart of the BLX and I think it might be possible we will be this type of bear market, Long and grueling for most but the opportunity of a lifetime for others. I'm fairly certain our bottom has been hit and we'll go sideways for most of this year. Lets see what happens. None of this is financial advice.
The current price suggests a potential peak, although it's not definitive. However, indications point towards the onset of a decline. If this holds true, the only significant support level appears to be around $48,294. We'll monitor the situation closely, and I'll provide updates in my next video.
If the price surpasses $52,036, it signals the commencement of Wave (C) within Wave D, setting a fresh target at $56,357. Should this level be breached, expect support to form at $51,588. It's prudent to await confirmation of this high being breached, unless you're willing to take a risk akin to my own daring nature.
This video is a necessary follow-up because we've unexpectedly breached the high that, in the last video, I indicated wouldn't occur just yet, while demonstrating my wave analysis with AriasWave. Now that it has happened, I delve into what actions to take and what outcomes to anticipate. However, if this trend holds true, the timeframe may be too short for me to...