shytrader

shytrader

First Head & Shoulders resulted in massive dump literally to 0. The one that's forming now is about to resolve, and dump is expected to be pretty big, although it won't go to 0 this time.

shytrader

Subwave structure of the current upside move is three wavish, which is corrective, and not impulsive. If H&S confirms, the target is $10 and lower. Not sure whats gonna be the driver for that decline, maybe CMA wont allow the merger to occur? Idk.

shytrader

Extended 5th means deep retracement Minimum target is where Wave 2 ended In this case its 5 USD It could go even lower that that You can also see H&S being confirmed If you believe in the company it could be the opportunity to scoop up alot of cheap shares Keep in mind the risk of company going under though

shytrader

Looking at the big picture, this "bear market" is nothing more than a minor subwave 4 of a larger degree of trend Wave V. Subwave 5 of V is bound to start soon, and its gonna be crazy. May as well buy GPU now, if you need one for gaming/work, because they wont be available at any price when Wave 5 starts. It may seem like i overdosed on copium, but things always...

shytrader

Currently working on Subwave 4 of Wave 3, expect further decline to ~22k, then bounce to complete Wave 4, then further decline under 22k, probably ~18k.

shytrader

Its my alternate count. Basically the idea is what current rise from 3k to 69k was just a Wave 3. Current "crash" is just a corrective Wave 4, which will go either to 100 WMA or 200 WMA, which historically provided the most support for Bitcoin. After that we will see the long awaited 100k and probably a blow-off top, peak mania phase which will mark the end of...

shytrader Updated 

It seems like all waves of the impulse are placed. New Omicron Covid strain could be made the explanation of the crash. Stocks will most likely crash too, with Bitcoin following. Just a speculation of course. I could be wrong. But better safe than sorry!

shytrader

Just some thoughts on the upcoming decade long top. You need to keep a cool head when everyone is in moon mood and mortgaging their homes to buy Dogecoin. Even if we wont get extended 5th, the bear market is coming either way. But in that case it wont be as catastrophic as shown on the graph.

shytrader

USDBYN Seems to be topping out soon. Only thing thats missing is a subwave 5 of 5. Massive 10 year impulse is about to end. I wouldnt be surprised if wave 5 taking place will coincide with the revolution succeeding and dictatorship being dismantled.

shytrader

The Wave 5 is still missing. Price is getting very close to the Wave 1, so the decision has to be made now. IF this is a Wave 4 bounce, it cant go above $210, and should decline to a new lower low before doing that.

shytrader

Seems like B wave bounce is over, and wave C is about to start.

shytrader

One last flush down is expected to complete the wave 5 of impulse. Seems like a good opportunity to buy low, or at least play the bounce.

shytrader Updated 

Subwave composition of the impulse included. Oil is painting H&S top with the target of $10, and the price action on Rouble could coincide with the Oil price drop.

shytrader Updated 

That massive Head & Shoulders was forming for 4 years, and is very mature. Neckline Break would confirm a pattern and send us to $10 at the very least.

shytrader

Notice how 20 WMA provided inpenetrable support during the 2017 bull market all the way from $600 to the top. Each time Bitcoin tested it, it bounced back. During the 2018 bear market 20 WMA provided strong resistance. This year in March 20 WMA crossed bullish, but in September crossed bearish again. In October we retested it but got rejected, and price is rapidly...

shytrader

Descending Triangle (shown in white) is bearish, and currently 75 cents of Nano look like 6000 support Bitcoin had before breaking down. If this is correct, Nano could end up going to 2-15 cents region (previous support levels). On a bullish probable outcome, we could be looking at Cup (shown with green) & Handle (shown with blue). Decline under 73 cents will...

shytrader

It could breakout on D, as MACD is pretty oversold. If it fails to do so, E will need to be complete. Destination is the same - up.

shytrader

Bullish scenario shown in green. BTC forms a Symmetrical Triangle and goes up. Bearish scenario shown in red. Rising wedge plays out, and BTC continues its venture down.