Just a quick one.
Textbook example of a dump to grab liquidity and trap late short sellers.
Bulls grabbing fuel to help drive the next leg up and wash out over leveraged long positions.
You can see pretty clearly using the bixmex short positions vs btc price.
BTC is short at the support line
March 2022
March 2023
It can break down our bounce, which makes sense when looking at the historical 12M chart and 46K candle resistance.
We are at a time when we should expect a big break out of 60K resistance or break down with 35K and 30K support.
The 17K gap is still open, and it's always on my radar for this or the next...
First off, Bitcoin is in a very strong bull market since 2009 so likelihood of new ATHs is always higher than not-reaching ATH ever again.
Throughout 2022 Bitcoin was in a clear correction / pullback phase after 2021 distribution.
Market got cleared out of leverage with Luna, FTX, 3AC, etc. fiascos and built ground for a new wave of a bull market.
Bull market...
Possibly in a Macro ABC, with the B wave topping out at around 60-60.3k around Christmas and dropping in the new year and what would be the end of the first actual full wave 1 & 2 on the Macro Wave
We are in a bull market and through Dec 2023 clear a, b, c correction is being made.
Wave a and b are clearly done.
Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5.
The drop won't stop until price reaches $40k level.
It's a good trade with a very high likelihood of success and...
Interesting exponential chart
Nuked to the Golden pocket?
Less long exposure should make btc more free to move upwards..
And the order book is stacked af here albeit the weekly structure looks toppy as
I'm starting a new series of analysis called X MARKS THE SPOT. A fun and simplified way to present price targets without the "fluff". I will save all my results into a database and present yearly reports.
The X represents our price target - obviously - however as many of my followers have witnessed throughout the years, my self taught analysis tends to be...
Hello,
Green money flow curling up. I see alot of resistance ahead . BTC seems to be gasing out.
I see a top out at low 50s because of the thick resistance.
This would line up perfectly with what market cipher (lower indicator)
Creating a smaller wave (marked yellow bottom) which then sends us to the moon with a thick green money flow wave.
All of this...
I think we are heading for a retracement rally, once we get a correction from the rally longs will begin to climb again... if BTC smashes through my retracement levels of 48-53k my thesis is absolutely wrong...
Bull to bear perspective for the next year and a half.
52.3k rejection and an assessment to see if the recent parabolic trend breaks, if so structure needs to be assessed for potential head and shoulder formations. Downside target could be as low as 7.2k. Always assess risk and always be prepared to be wrong.
The downside drop is contingent of a bearish...
Im seeing confluence between the W1 CNH target of 40,609 and the H4 triangle target of 40,961.
Be on the lookout for the retest of the 37,500-38k level.
The Kubitsuri Reversal Candle just printed on BTC weekly. It is considered a weak reversal candle due to the upward thrust to make the long lower wick.
I am more bearish than bullish over the next few weeks, as we have had a good run and BTC needs a breather, I think.
Conservative entry for the 3-candle reversal pattern still being printed is around 35k. I'm...
One of many possible uncertain outcomes that we may face is the path of a "longer bottom". However, after the bottom has greater confirmation ("measure in weeks"), then we may likely see the increase around 2023-01 to 2025-01. Significant variables that arise over the next 29 months can rapidly shift the markets; both up and down unexpectedly (the known unknown...
