BTC / The tide
The market rises and falls based on the tide of bitcoin & ether. And btc is at a fork – either this is going below $24k or it’s going to $70k+. Why? 3 parts:
- The contextual map from Elliott is forked at either the Wave 4 being done or is not done and we are simply in a wave B of 4.
- The 200 DMA is being tested right now, and if it fails, will push btc down to 24k and below
- There is a volume anomaly from the TPO stating that there is a pivot here.
In short, this is a major pivot zone and what happens here will shape the rest of the 2-4 week period coming up. I am now in profit on all my trades (minus my zrx position) and have set stops so that no matter which way this thing moves, I will make profit. If bitcoin drops (which I hope it does) I will be a major buyer in my upcoming update.
Sub at my free blog - BitDaddy.io
The market rises and falls based on the tide of bitcoin & ether. And btc is at a fork – either this is going below $24k or it’s going to $70k+. Why? 3 parts:
- The contextual map from Elliott is forked at either the Wave 4 being done or is not done and we are simply in a wave B of 4.
- The 200 DMA is being tested right now, and if it fails, will push btc down to 24k and below
- There is a volume anomaly from the TPO stating that there is a pivot here.
In short, this is a major pivot zone and what happens here will shape the rest of the 2-4 week period coming up. I am now in profit on all my trades (minus my zrx position) and have set stops so that no matter which way this thing moves, I will make profit. If bitcoin drops (which I hope it does) I will be a major buyer in my upcoming update.
Sub at my free blog - BitDaddy.io
