classic2633

classic2633

BTC followed the ABC correction in last ideas wave pattern perfectly, providing break of structure and a potentially new wave cycle. MACD indicates oversold territory, waiting for bullish divergence. Look for a break of ~20.4k

classic2633

Price reached the bottom of the support zone, bear trap occurred on the pitchfork. Could this be a fakeout pump? Expecting a red weekly close and possible green next week.

classic2633

Reposting idea, dislike the way mobile charts look Why? Looking at BTC's fall today, there's a lot of factors at play. First, the effort to turn the largest BTC hedgefund into an ETF by Grayscale was rejected by the SEC. The premarket for the US stock market was down about 1-2% total by the open. These factors determined BTC's performance today and indicate...

classic2633

Caught this by looking for wave 3 and then looking for wave 1,2 Seems to hit all the right fibs, had to pull out the 5.618 fib to catch the bottom Looking for the ABC correction to determine the start of the new wave pattern.

classic2633

waiting for breakout past fib spiral line using channels can be helpful along other ways of confirming stop loss and entries nfa

classic2633

Wait for price to exit support zone to start opening short position stop loss at middle/top of support zone Indicators support bears on most timeframes, except 1D

classic2633

look to for entry point within the price channel. stop loss at 0.382 fib

classic2633

After the first wave down, the fib retracement tool can be used to anticipate future price targets. This same wave can be analyzed on index funds in the same timeframe. This prediction blueprint began Mid-March. Wave 2 bounces at the Fibonnacci Golden Pocket Wave 4/5 could last months based on the length of this cycle. Bitcoin supercycle agrees with the bottom...

classic2633

possible wave pattern on the hourly timeframes, waiting for fractal pattern to complete and a new wave to start. Check out my other idea ln a large scale timeframe, I'll talk about why the next wave pattern could be a correction or continuation wave.

classic2633

Many were expecting a possible correction to 32-34k but it seems BTC has formed descending triangle (Creds to MJShavar for pointing it out in his idea) However, I don't anticipate this to be the case. After the fed indicated potential half point hikes, and much talk about a potential recession, monkeypox, Russo-Ukraine war, among the fact the stock market ended...