peytonfin2

peytonfin2

First thing I did was identify the trend. The market is clearly locally in a downtrend, so I was looking for a short today. The next step was to wait for New York's Initial Balance (NY IB) to form. (The NY IB is the high and low of the first hour of NYs open.) Once the IB is formed we wait to see how price interacts with it in order to make an educated...

peytonfin2

First step: Identify trend. Price is obviously in an uptrend locally. This can be seen by price making higher highs and higher lows every day. Step 2: Wait for the New York initial balance to form in order to make an educated discission. You can see the IB form, which is the A and B blocks. After the IB is formed CDE bocks formed a failed auction below the...

peytonfin2

On a high time frame POV, price has dopped to the 0.5 fib and tapped into a liquidity level. On the Medium time frame, you can see price has shifted into an uptrend, making HHs and HLs. You can see this morning price dropped to its golden pocket area. Along with the golden pocket, we had the previous day POC, and the developing day VAL. On the low time...

peytonfin2

-ADA is in the Process of printing a high time frame (HTF) wave 1 (W1) -medium time frame (MTF) is in the final stages of printing its W5 -The 1-1 targets for price and time have both been broken. The next target is the 1.618, which is $1 by march 18. -On the LTF in order to reach $1 we would need to see a 5th wave extension to the 3-1 fib in time and...

peytonfin2

-Chainlink had a perfect accumulation range at the lows that lasted about one and a half years. -LINK then proceeded to impulsively breakout of said range and began printing a nice 5 wave impulsive structure. -In this EW count LINK is in the late stages of print a high time frame(HTF) wave 1(W1). -LINK is in the process of printing the medium time frame(MTF)...

peytonfin2 Updated 

-In this count LINK is currently working on finishing its high time frame W1. -Locally LINK is finishing up its W5. -I am targeting the 1-1 extension for both time and price from W1. -This gives a target of $21 around Feb 12th for the top of W1 before we see the W2 pullback -Expect wave 2 to last until Q3/Q4 and to retrace between the 0.5 - 0.786 ($10 - $6.50)

peytonfin2

-yellow lines represent the halvings. -Bitcoin begins to move up as the halving nears. It goes up for 700-1100 days. -BTC moves sideways for about a year at the top, while smart money distributes. (RED SELL area) -Then the bear market start, price moves down for roughly a year. Drops 80-60% -Roughly another year of sideways at the bottom, while smart money...

peytonfin2

1. Start the week off by printing a nice bearish gartley pattern. 2. Getting a drop to complete an ABC correction and fill the inefficiency/tap into the Golden pocket area. 3. Take the liquidity just below 50k then continue upwards to new yearly highs.

peytonfin2 Updated 

-Wave 3 runs until halving -The halving will generate the liquidity for the top. -Wave 4 is post-halving dump -Rek everyone who fomo'd the halving -Wave 5 will be a bull trap -Retail will be ready for 100k+ and be expecting a major bullrun in 2025. -Wave 5 may not even reach 100k and will leave many expecting higher prices.

peytonfin2

ETHBTC took out to high timeframe range low, broke market structure, and has now back tested the local POC/VAL and 0.786. ETH has gotten a nice reaction off this area which has led ETH to $2700. Now that BTC has broken 50k, and the halving in near, I hypothesize that the real FOMO is just about to begin. I expect ETH to start playing catch up to BTC as people FOMO...

peytonfin2

50k is the biggest resistance on the bitcoin chart. If price breaks above 50k for a short time, then comes back below it, prepare for a larger retracement. Not only is 50k a major psychological level that will generate massive liquidity, but it also has a number of technical confluences. Fibonacci: -0.66 retracement from ATH - 15k low -1.618 fib extension -Log...

peytonfin2

-In this count SOL is working on putting in a high time frame W3 (white) -Targeting the 2-1 fib extension, from the white W1, for the high of W3. -Currently working on the medium time frame W5 (green) -Targeting $150 for the W5 / W3 high. -Expecting it at the end of feb. This is the 1-1 fib time extension from the green W1 -Once white W3 is in, prepare for...

peytonfin2

-In this EW count ADA is currently in a high time frame 5wave impulsive structure. -ADA has just put in its W4 at the log 0.382. -Price is now attempting to put in a W5 before ultimately, we have a bigger W2 correction. -Currently looking for W5 to take out $0.70. -Expecting W5 to top out around $0.73 as this is the 1-1 extension from W1. -Could see an...

peytonfin2

EW scenario where BTC is working on finishing Wave 1 before a larger wave 2 pullback.

peytonfin2

This is not the count people want to see. But they need to see it. Look to take profits and hedge yourself in this area, just in case of downside.

peytonfin2

BTC wave 2 could correspond to dxy printing its B wave BTC then gets wave 3 during the DXY droping to the 786 and printing the C wave

peytonfin2

I'm expecting another rise on the DXY soon. I've overlaid the fractal from the last DXY move up and the Fractal from BTCs move down during that time. -I'm expecting higher on DXY once it taps into the TR/Monthly area. -I'd like to see a rise up to fill the Daily FVG and tap into the HTF CC -This would complete and ABC correction for the wave C of a HTF...

peytonfin2

BTC is approaching the Log 0.618 + a previous range POC (and on some charts the macro POC) Many people are expecting a pullback from the normal 0.618 around 50k, but i think the Log 0.618 may catch poeple off guard.