theemk13

theemk13 Updated 

Been expecting a 3 wave move in this bear market formed of 5 waves down, 3 waves correction, final 5 waves down. Not sure it is quite over yet and sentiment is that if the $32400 area is broken we have confirmation of a new bullmarket. Indicators are suggesting we are more likely near a top than a new bullmarket based on: Stoch RSI forming a double top pattern...

theemk13

Expect treachery tomorrow, any spike higher in stocks could be a leading short squeeze to set up for a drop. Jobless claims and plenty of fed speakers on thursday....

theemk13

Pretty self explanatory In a bear flag, can play short with tight stop above bear flag or at the optimal red resistance lines if squeeze higher occurs or when stochrsi weekly crosses over.

theemk13 Updated 

$GBTC is severely diverging from $BTC and is up 18% as opposed to 3% down on $BTC today. Historically price divergences between the pair have front-run price action. Must be cautious that even though this is amongst bullish news it could be a squeeze.

theemk13 Updated 

Hey folks Been looking for this signal to play and got the first signs of it setting up. Not quite confirmed yet... A double bottom on 4hr wave trend with oscillator indicator has shown up Now looking to confirm it with another buy signal: green appearing on OBV with divergences and/or setting up a 4hr Bullish divergence on RSI. To achieve this, we generally...

theemk13 Updated 

Potential scenario for $BTC. I am looking for a proper 'W' formation, today looks like a w formation fakeout and have outlined the previous time this pattern played out.

theemk13 Updated 

GBTC strongly inferred the 'double top' narrative back at the top in 2021 So why shouldn't we continue to follow the chart? Or have you all forgotten Seeing as GBTC is an institutional grade asset, then the chart should reveal some more information about large cap investors Well, bearish divergence on rsi, macd rolling over with negative confirmation The chart is...

theemk13 Updated 

As we hit 2 points of large resistance, we also zoom out and view a huge cluster of 50 and 200 exponential and moving averages. We summise that breaking these 2 resistances would be a huge trap only to get rejected at converging MA resistance in the region of 25400 Max pain scenario would be to enter the 25k territory and retest the triangle marked in white as...

theemk13 Updated 

I strongly believe we are in the topping process of this Bitcoin move. If Bitcoin has bottomed I expect to either: retest the weekly 21EMA (currently at 19900 or 20300 when we get to it) or retest the 17800-18100 zone. I am still expecting capitulation which could bring us to 14k and give us a rebound as a corrective move only to fall lower into the 8k target zone...

theemk13 Updated 

USDT dominance is creating a higher low with a nice bounce off the trend. Potential for a triple top, or, if this pattern plays out in TA would suggest an upward resolution

theemk13 Updated 

Plenty opportunity has been given to enter short in the last 2 days: under the belief that we have some decent momentum to upside and a fake move in a sign of strength amidst bearish stock market pressures. In the expectation of liquidating shorts, aggressive price motion may require lower prices from here to create divergence and trap more shorts so that when the...

theemk13

Dollar Index has been following my EW guideline to an absolute tea. We are currently in a correction before we get another wave higher.

theemk13 Updated 

The daily candle today closed above previous in a BEAR FAKE PATTERN ...and the market can short squeeze finishing now or in multiple weeks, who knows...big moves take a while. Volatility (VIX) has bottomed too, best to track momentum indicators like MACD to work out when a bullish cross will happen *cough* *soon*

theemk13

....doesn't seem so ridiculous now you've all had a dose of reality

theemk13

....and just like most narratives in crypto, they come and go; a passing fancy... 5-12x gains on most AI tokens since the CHATGPT AI NARRATIVE came to fruition. Narrative is coming to a conclusion, you can see companies getting desperate to relate themselves to AI in hopes of pumping their stock/ tokens. Next Narrative loading...take your profits at least or take...

theemk13 Updated 

Sentiment on the ever-amusing Crypto Twitter is: (RETAIL) 'bull market is on. Bitcoin retest of weekly 21 ema (20900) can't break it, never done this, never done that...' ({GOOD} TRADERS) 'max short the deviation/ bull trap above $25.2k' (ME) 'liquidity either at 29-30k or below 22.5k. No short liquidations at $25.2k deviation so not likely to happen. Double top...

theemk13 Updated 

Blending my 2 previous SPX posts, we are in W-X-Y correction before trend continuation downwards which is being represented by a bearish bat pattern. We are in wave Y and lack of divergence on daily chart brings me to believe minute wave 5 of the Y wave has not been reached. Therefore we are heading right now to wave 4 to retest moving averages before a high...

theemk13 Updated 

Everyone is comparing this rally on BTC as to 2019 starting bull rally Key factors are this broadening wedge/ megaphone pattern and the angle of ascent is highly bearish The longer we follow 2019 fractal, the higher probability of an opposite reaction. This is due to the sheer amount of betting in liquidity on a fractal pattern. IMO this market mainly moves to...