Algo's, manipulation and conspiracies. Get ready to buy soon.
It's been a while. The way we broke down from the highs at 8500 was odd and unexpected. This bounce was expected however, unfortunately this is just a correction before we hit new yearly lows into the 5k region. This could be a good oppertunity to short again.
ETF is tomorrow, when that gets rejected/delayed or whatever this will tank again to the "all hope is lost" stage giving a good oppertunity for us to buy at low prices.
ETF is tomorrow, when that gets rejected/delayed or whatever this will tank again to the "all hope is lost" stage giving a good oppertunity for us to buy at low prices.
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I have this as an endling diagonal on the longer term
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I think this explains it all. Very confusing last couple of days.
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So what's next? Well, we will probably hit one of these levels before a retrace. Then etf is gonna reject as it reaches support and normies gonna cry cus they get liquidated again in a manipulated market. Another chance that we already have 5 waves and we started the downtrend already, but it's too soon to sell.
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It dumped much faster than I'd hoped. I missed the short atleast lol. It's fine we should be able to get in on the retrace.
I can only place C if we have clear bottom formation.
I can only place C if we have clear bottom formation.
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Clear algo reaction off the 6250. Now to see if we get a bigger ABC up or just a wave 4 correction. you can place short limits at ~6700 and ~6500. I would NOT long this since ETF got rejected, rather stay on the safe side. I already took my profit, stay safe!
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as we get more info it gets easier to determen C
Short here, profit in new yearly lows.
Short here, profit in new yearly lows.
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don't get scared if it wicks through a little bit. Since bitmex has slightly different pivots it could go up to 6700.
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So btc has a lot of trouble trying to get through the .5 and .217 length of A
There is a chance that C has been put im but I'm not 100% convinced. I put a partial short around these prices, will add more as we (hopefully) hit into the 6600-6700 range.
There is a chance that C has been put im but I'm not 100% convinced. I put a partial short around these prices, will add more as we (hopefully) hit into the 6600-6700 range.
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note that it IS around weekend right now so we can expect some shitty bart moves again.
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Posted this earlier in our private channel.
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Scanning through previous btc corrections I found something interesting...
Then:
Now:
Then:
Now:
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Kind of doing that bart move again. Only It went higher than I thought, if only I'd spotted the fractal earlier lol
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Alts are getting impatient, movement there for sure. However bitcoin is still sleeping. If it's going to break up it should do it now (today). If we go down then assume the fractal is still in play and all the altcoins made their last hoorahh (correctional wave C or 2) before much more hurting.
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for example iotaUSD, correctional or start of new trend?
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Well I was wrong. When the market was about to give random hidden buy walls popped up again, pushing the price of btc up 10 dollars per time. Trapping a lot of shorts without the price going down and forcing them to close. Very similar to the drop we had around the 21st just before bitmex had "maintenance". Welcome to crypto! Where one guy can shift the momentum!
Caution is advised, Because the same people are probably bulltrapping a lot of people too to buy into their shorts and just dump it on the sheep again. My bais hasn't changed untill I see more confirmation.
Caution is advised, Because the same people are probably bulltrapping a lot of people too to buy into their shorts and just dump it on the sheep again. My bais hasn't changed untill I see more confirmation.
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Only clear 5 waves up and a retrace that holds above the lows I will consider a reversal is in play.
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Behold, the banana of truth
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But seriously I have 2 cases. One where we end at ~7500 and go to new lows or one where we already topped out and will drop to new lows.
BUT if bitcoin manages to make a higher low after a clear ABC after the upcoming drop then I will consider being bottomed out. For now, its very uncertain if this is indeed a bottom.
BUT if bitcoin manages to make a higher low after a clear ABC after the upcoming drop then I will consider being bottomed out. For now, its very uncertain if this is indeed a bottom.
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3rd case. It ends here. everyone expects 7500 but it's not gonna happen. Fomo into smart money shorts, a big thank you!
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everything slowing down
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ouch!
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Okay that we dropped was anticipated. But we dropped too much imo without making a proper bounce to form a lower high. This makes me unsure about my 5.2k target. I've seen it before in crypto where we just make a higher low here when things look darkest and then moon up. (see chart above on the left)
but 5.2k also still stands.
It's really a wait and see game
but 5.2k also still stands.
It's really a wait and see game
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bullish:
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