QuantApe

QuantApe

DXY and US10Y reaches higher, the market is bearish. BTC may dump harder than ES/NASDAQ, target to 23.6 where a lot long liquidation awaits

QuantApe

more side way movements in weekend, it seems there is 1 more push down to 23400-24200 level, hopefully it finishs the large scale of WXY by then

QuantApe Updated 

Altcoins puming now, however, we see a possible Y wave to finish BTC corrective pattern. Considering DXY reaching 99.3 important resistance, I would lean on the idea that BTC will retrace a bit to finish Y before a real PUMP. Possible at 28.8 idea invalid line at 31250

QuantApe

We may not pump to 34.8 soon, we see a possible expanded ABC structure to complete WXY correction. I would be more confident if BTC have a proper correction towards 28.8 before continuing pump to 34.8/40

QuantApe

1. US raised debt ceiling 100 times in history and never defaulted, mostlikely we will raise the ceiling again, it may give confidence to investors and potentially lead to an end to the rate hiking in June 14th. DXY and US 2year bond yield had to fall to confirm though. 2. after a two-weeks correction waves(WXY or ABC), it seems BTC is forming the last move...

QuantApe

If price break below 28000, it may dump lower If not, we may have a corrective wave structure again, possibly a WXY with a double zigzag, which means there is another higher high awaiting, possible 31800 area

QuantApe

31K is the key resistence, it seems BTC was forming another corrective wave since last Friday. Expecting the final wave 5 coming.

QuantApe

BTC is very close to a big correction: 1. Momentum divergence has been into a VERY high level in higher timeframe 2. Stable coin supply is decreasing, showing not real buying power into the market 3. BTC elliott shows wave 5 is completing, most likely there will be another ending diagonal pattern before the DUMP

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1. DXY was supported from 100.8, being significant negatively correlated with BTC, DXY pump can lead to a correction for BTC. 2. Emini looks bearish as well, also, Emini seems has finished the ABC correction. 3. BTC now is clear to identify a 12345 impulsive pattern, after the ending diagonal wave 4, and the wave 5 rejected around 25200 which has massive short...

QuantApe

1. BTC momentum being bearish and super bearish for the past week. 2. Despite the economic news this week, BTC has been forming the final wave pattern. 3. BTC may start dumping from here, it’s either going to be a wave 4 correction from 15.5K, or IT'S THE END OF A MAJOR ABC CORRECTION which means we are coming DOWN to 11-12k Confirmation: BTC price break through...

QuantApe

BTC breaks through the possible ending triangle yesterday and it appears that it is forming a larger WXY pattern. The market is in the final stage of the pump and the market is weak in momentum. We are expecting a 1-2-3-4-5 impulsive WAVE 5 since whatever gave us last week was CORRECTIVE, it's fair to predict that price should follow the previous rally(at least...

QuantApe Updated 

If this play out by Thursday, FOMC won't bring any news good. BTC is forming a WAVE 5 ending diagonal pattern, we are currently completing wave 3. We should have a mini ABC coming down(4) and a final ABC(5) coming up by Thursday. Be careful of the DUMP!

QuantApe Updated 

It seems BTC completed wave 3 and starting the corrective wave 4. BTC may retrace to 21.7K area and possibly form a ABCDE pattern. If ABCDE eventually give us a falling wedge. That could launch a final wave 5. SHORT to 21.7 TP1: 21800 TP2: 21400 This pump cycle could end at wave 5 top: 25200 Happy trading!

QuantApe

1. 4-hour timeframe divergence appears 2. Most likely we just got rejected from the 69k downward trendline, despite wicking outside 3. We are hitting the 0.786 Fib line from 25K of Aug 2022 4. We hit VAH of the Volume profile since May 2022 5. Most likely we finished the 12345 impulse waves from 15k 6. It’s either going to be a major B wave correction or major...

QuantApe

What happened last week? -A pump that has the 2nd largest short liquidation since 2020 -21k just hit the log view declining trend line since ATH of 69k -21k is the local GP(0.618) from 25k -4h divergence starts to appear What will happen next week -We might have a sharp retrace towards 18.6k-19k -If that is confirmed as wave 4, there is another wave 5 pump...

QuantApe

Since the FTX incidence, BTC had down 27%, It seems that we are currently in a correction wave. Nothing changes the sentiment being quite negative which will eventually bring us to a new low. We have Powell speaking and CPI data coming out this week. As long as 17K holds position, I believe BTC will come to 19k in Jan. Supporting area: 16825-16950 1st Resistance...