Lord_Of_Dax_

Lord_Of_Dax_

It seems that we could potentially see another wave to the upside before seeing some aggressive sellers stepping in. This aggressive action should be very aggressive and also creates a break of the market structure. Inverse V shape to be expected to see the SELLERS taking back control of the trend. You also have a gap right below that break of market structure....

Lord_Of_Dax_

36k? No! 38k I don't think so! FOMO before Xmas is making sense right now. 50% level since All time high is at 42k and I wouldn't be surprised to see BTC go there pretty soon as Tweeted on my very last Tweet back in March. I don't really like drawing those expanding diagonals but a blowoff top seems very likely to me, after a year of upward movement, this is my...

Lord_Of_Dax_

This my revised scenario after spending more time on the BTC charts this morning like the old time. I haven't given much time to BTC those past 3 months as my entire focus was on day trading the DAX and SP500 BUT when I see opportunities like those, I cannot stay quiet :) BTC is looking to reverse in my opinion after a mini bull market of 340 days + I see a...

Lord_Of_Dax_

ETF coming soon! Well well well. This is not so bullish to me and too many people are bullish right now. Technically speaking, I see a triangle formation right now and this tells me that we're about to end a larger figure (wave C) Sure we could see higher levels and many analysts start drawing a larger unfolding wave C but to be honest this is not what I'm...

Lord_Of_Dax_

There is no much of doubt that SPX or US500 has established a pretty larger range where BULLS and BEARS will keep fighting for some time. I believe that we entered into a consolidation phase before getting another leg down to the 50% of the range or a bit lower (61.8) in the discounted area (red). Fundamentals are not great and push towards that scenario. For...

Lord_Of_Dax_

Here is another alternative for a BULL CASE scenario for BITCOIN. I'm personally out of any positions until I find a familiar pattern on smaller time frames. As I will start focusing 100% on my new project this is probably one of the last Technical Analysis post under the BTC Trading Lab. Thank you for playing alongside my journey as a trader. I will now focus...

Lord_Of_Dax_

Dear BTC, it has been so many years that I've been trading you BUT you're sill full of surprise. One PUMP with significant volume was enough to through my previous analysis in the bin as I did so many times. I will be waiting for you above and you can be sure that I will get my SHORTS ready at the very first BREAK of structure but not today I guess. 31.6k and...

Lord_Of_Dax_

BITCON had a clear 5 wave up last week with a top during LONDON morning session, since then BTC has been trending to the downside. This is what I personally see for BITCOIN this week. In other words I'm expecting some other impulses to the downside.

Lord_Of_Dax_

Crazy run up for ETH. It might be a matter of time before we start a nasty selloff in my opinion. A catalyst would be welcome for this BEARISH Scenario. In terms of EW I'm counting this entire 5 waves up as a diagonal where wave 5> wave 3 > wave 1 (AKA expanding diagonal)

Lord_Of_Dax_

Irregular TRIANGLE still in the cards for US500 CPI NEWS incoming today and this could trigger the start of a NEW SWING LOW.

Lord_Of_Dax_

140 days of a BULL TREND Ending soon (Today or Tomorrow is my bet) Currently a 5th wave after a TRIANGLE. Triangles are gifts from the market indeed. as they announce the end of a trend or a REVERSAL. I'm expecting a last leg up between 30.5k to 31k that could match with the CPI Data coming tomorrow. A Sharp SELLOFF is expected to happen sending Bitcoin back...

Lord_Of_Dax_

There is no much of doubt for me. We're in the longest BEAR market of Bitcoin history. With that illustration, I've used fundamental EW theory concepts to explain why BTC has a very high chance to reach 13k after a Extended 5th wave (previous ATH).

Lord_Of_Dax_

Fundamentals are not looking good and this actually perfect to end a 5-wave down move started back in 2021 Finally some good opportunities for SPOT BUY opportunities in the crypto space.

Lord_Of_Dax_

It looks like the FTSE has found a top. I'm expecting the price to 'Re-balance' the Daily Imbalance of last week before continuing trending lower. I have set an alarm if to this BLUE AREA (Daily Imbalance).

Lord_Of_Dax_

In this Elliott Wave paradigm, I'm assuming that SPX have completed a BULL Cycle with large wave 3 and that a possible Zig Zag correction is currently unfolding. If that's the case then, we shouldn't expect any BULL Market or wave 5 before 2024. However, the AI hype could boost the markets during the end of the year with a test of the 61.8% and maybe above that...

Lord_Of_Dax_

Looking for a LONG scalp today! Let's is the US 1.30 UTC News will give me this opportunity.

Lord_Of_Dax_

It's time to get READY the SWING account for a potential reversal. Not just yet! I believe it could take place next week once the 5th wave will be over.

Lord_Of_Dax_

Here is my EW count with a double extension for the 5th wave. Therefore, I'm expecting a SHARP correction pretty soon.