Usually we will get a pump leading up to the week before the fed meeting. Everyone puts that to the back of their minds as they see the green candles and they start to think the low is in. They then get shocked when the price dumps usually on the Wednesday before the Fed decision. Wee are clearly in a descending channel if we break this at $1332 everyone will get...
Wow pretty much a week before every rate hike we dumped and then pumped after every rate hike. We have just been gradually going down the stairs from June with dumps and then relief rallies sucking retails liquidity. I am expecting another dump on or before the 26/10
Im my last chart on BTC with the correlation with the DXY. You can clearly see when BTC dumps the DXY pumps. Even on the weekend when the DXY is not trading BTC does boring sideways action waiting for the DXY to open again. In my opinion we still have further upside with the DXY. We are currently trying to break through an ascending channel to the upside! We can...
BITCOIN has really been struggling to separate itself from the DXY since the 26/09/2022. If you can predict the top of the DXY you will find the bottom of BTC. I will be doing some Elliott wave analysis on the DXY over the next couple of days so stay make sure you follow for more up to date analysis.
Looking at QNT and Matic which have found their bottom its seems like we are getting a bit of relief rally in other altcoins. I have noticed a few with an inverse head and shoulders Pattern. Matic also had one and it played out. Possible 10% profit if it plays out with ATOM. No financial advise though :) It will be better confirmed if we get above $13.089 and use...
Im not really surprised to see Bitcoin broke out of the trend from the all time high and then the volume dropped off. If we cannot get above $20500 and close on the daily then I think we will be heading back down. We ideally need to get above $21k and then 22k before I would switch bullish on BTC. If we drop below 19k again I expect a strong sell off. Good luck...
Bitcoin is at a critical point right now. We are hitting the trend line from the all time high. Be prepared for a breakout or fake out!. Personally wont be trading till it's confirmed but expect a big move. If I had to guess which it would be a guess possible relief rally before new lows.
My primary expectation for Matic is one more low in a wave five of the wave c. However it has done a lower low so we could technically go up up from here and nearly hit the 50% fib which is an ideal retracement for a lager wave 2. If we are in the wave 4 still before wave down in the wave C. We could comedown between 0.6867 all the way down to 0.4587 in a wave 2....
DXY has been on an extended pump to the upside and is definitely getting exhausted in its wave 5. We have nearly hit the 1.618 fib at about 120.00. It does not have to go any higher and has done more than enough for a wave 5. If the wave 5 is over we could be looking at a retracement down in an ABC to 92.78 to 80.00. Obviously this will take months or years to...
Ok so this is a bit out there but its entirely possible for Bitcoin. Especially with the current financial climate. Do not take it too seriously as triangle patterns get invalidated all the time but its one to definitely have on the radar. This is how I would see us get to a 10k BTC. We can only look at bullish or bearish patterns and follow them till they get...
Ok so we broke out of the triangle to the upside not really my primary expectation. However BTC loves to do the opposite of what we are preparing for :). If this really is the bottom and we are going to move up impulsively we can already count a 1 2 pattern and 3 waves up in a wave 3 in sub waves. We still need a 4 down and 5 up! Looks like we have started wave 4....
Im not really sure about LUNC we have a clear impulse up and a corrective move down. However we kinda just reversed in the middle of nowhere. We did not hit the 0.786 fib or we didnt hit the 1.618 fib the length of wave A. Cant really see any support where we had a reversal. Wouldnt be surprised if we come back down to test either of these fibs. If your trading...
We can clearly count a 5 wave impulse to the upside and a an ABC down. Not sure if the wave C is finished yet. Might be an idea to Ladder some buy orders in if you believe the low is in. target for buy orders $1,000 to $1,250. The low could already be in but not confirmed.
Looks like we might be heading down to 17k. We might have finished the wave E The width of the triangle should take us to at least $17250. Lets see if we get there
