🚨 URGENT! MUST READ.🚨 ~ 🚨#Bitcoin is about to PUMP to $117K. 🚨 ~ 🚨CYCLE TOP PREDICTION!🚨 ~ In this post, I'll cover the potential cycle top for #BTC is using historical data and past trends. ~ Let me start by giving a brief overview of the fib levels:
Fib retracement levels are horizontal lines indicating potential support and resistance areas, based on key percentages of the prior move. They suggest how much of a previous trend has been retraced and imply the trend may continue.
The most important fib levels while charting for a longer time frame are: 1.272; 1.618; & 2.272 ~ Now Let's go back to 2013, refer to the first chart attached. By laying down the fib levels from the 2013 cycle peak and the bear market low, we get a 2.272 level of 15k, and in the next cycle (2017), $BTC reached a high of 19.9k, which was a blow-off top target met. ~ Now if we lay down the fibs from the 2017 cycle top and the bear market low, we get a 1.618 technical target of 61.7k and in 2021 we reached 64k, which is also a blow-off top target met. ~ So judging from this trend, as you guys can see, we are getting a diminishing return with every cycle, so if the same trend continues, we'll see a cycle top of either 96k, which is the 1.272 fib level or 117k, which is the 1.414 fib level.
As I have mentioned earlier, the most important fib below 1.618 is the 1.272 fib level, so we may get a cycle top of 96k. Personally, I'm betting on 117k for this cycle because I'm hoping for a blow-off top end to this cycle as well and with bigger players in the market, i believe we will achieve the 117k ATH for bitcoin this cycle. ~ I've also attached a zoomed-in version of all 3 cycles below and have drawn the potential 5 wave count for this cycle. ~ Thanks for reading, stay safe.🤝🏻 ~ AD: If you're interested in learning technical analysis like I do, comment "Teach Me" also mention your email for me to reach you, and I'll personally reach out to guide you on your journey with my one-on-one coaching sessions.
#AltSeason Update! Must read. ~ When is the Alt season? Is it cancelled? Find out in this post. ~ In this post, I'll talk about when can we expect to see the alt season start and compare $ETH vs $BTC ~ Let's start with the altcoin season index (ASI):
As you can see, we're currently at 22, which indicates that we're in a #bitcoin season, and that is the primary reason why almost all the alt coins lost major levels of support.
But we can also see in the chart that it's starting to come up now. This tells us that we're very likely to start coming up and start the alt season everyone is waiting for. ~ Bitcoin Dominance (BTC.d):
In the weekly chart (2nd chart), we can see that BTC.d broke out of the symmetrical triangle pattern we were in since late March and is now finally headed towards the red zone, which is the place where I expect it to get rejected.
The red zone is a very strong level of resistance on the monthly level (3rd chart) and we have had a bearish divergence forming since early 2023 and I believe this will play out very soon.
After the rejection on the red zone, we'll finally start the alt season of this cycle and #ETH will finally make a new ATH. ~ ETH vs BTC
ETH has been absolutely obliterated against BTC since mid-2022, and now we're finally at a green zone on the monthly level. This is a very strong level of support and I believe that we'll see a reversal from this zone where ETH finally outperforms BTC.
We also have a bullish divergence on the monthly since early 2024 and I believe we'll soon see it play out. ~ Conclusion: Each and every thing points out the fact that we'll soon have a crazy alt season for this cycle. While I can't really tell the exact timeline, I can definitely say that it's right around the corner. So be prepared. ~ Thanks for reading; Stay safe. ~ Click here for a surprise - #ETF #altcycle
#Bitcoin update! Don't miss it. ~ $BTC to $49k again? Or are we ready to pump? Find out in this post. ~ In this post, I'll explain what I think we have for bitcoin going forward. ~ Let's start with the 4H (1st chart):
#BTC on the 4H time frame is now holding the 20 EMA as support, which is a very good thing to see. The oscillator in this time frame also shows that we have the strength to continue moving forward. So I'm expecting a push towards 58.6k before coming down to the 20 EMA for a retest of support.
In the mean while, if we get rejected here, it is very likely that we'll enter the green zone because a reaction here means creating a double top pattern and the green zone is the target. ~ 1D time frame (2nd chart):
The oscillator on the daily is at MA resistance; if we get rejected here, as I said in the 4H, the green zone is the target.
On the other hand, if we break the resistance, the next technical target is the 0.618 fib level, sitting at $61,132. And I've drawn the path to show what I'm expecting going forward if the resistance is broken. ~ 1W time frame (3rd chart):
On the weekly, we have created a massive hammer along with a bullish divergence (yet to confirm) if the divergence is confirmed with this weekly close. This is a very good indication.
This is very likely the last dip and the journey towards 117k begins once this correction is over. So pack your bags. ~ Thanks for reading; stay safe. ~ Click here for a surprise - #btc70k #BTC☀ #BTCETF
Emergency #BITCOIN update: ~ Why did we crash? Are we going lower? Is the dip over? ~ In this post, I'll explain the reason for this crash and what we can expect going forward. ~ Why did we crash?
The main reason we crashed yesterday was mainly because of the interest rate hike in Japan. People who borrowed Yen have now started to sell their positions because they had to repay their loans, probably because they can no longer afford them. This, combined with the war news, did this to the market. ~ Bitcoin chart:
1D: The green zone shown in the first chart shows the liquidity level that was present in the $BTC chart; this was also a 1.272 target level because we lost the 53.4k low we had earlier and as soon as we lost that low, we were at a technical target of $49,690, which was perfectly met.
Any influencer saying they called it, no, they didn't; they called it when #btc bottomed at 53.4k last dip. Things are no longer the same now and the past call doesn't count. - 1W: In the second chart, you can see that we have a bullish divergence for bitcoin on the weekly time frame. This is a very good sign, which indicates that the market will flip bullish within the next few weeks.
Also, we can see that 5 waves for wave 4 have finally been completed, now we're ready for the 5th wave, which will take us to $117k in the coming months. - 4H: In the third chart, I've drawn what I'm expecting to see going forward: we'll very likely reject off of the 20 EMA and come down to the green zone before continuing with the pump. ~ Thanks for reading; stay safe.🤝🏻 - Click here for a surprise.
🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨 ~ Had #BTC found its support, or will we dump even more? Find out in this post. ~ In this post, I'll explain what I'm expecting from bitcoin this week. ~ Let's start with the daily:
After completing a 5-wave Elliot wave (1st chart), we're not in an expanded flat ABC correction, which brought us down to the 60s. This ABC is part of wave 2 of the macro wave 5. And this is nothing to worry about. Once the correction is over, we'll see new highs very soon.
As you can see on the 2nd chart, $BTC had formed a double top a few days ago, and after losing the neckline, we went well beyond the technical target because we lost the 0.5 fib level, I warned about this last week, and I hope you guys traded this wave down.
Currently, we're holding the 0.382 fib level very well, and the daily oscillator is literally at zero, suggesting that we have power for reversal now. If this support level holds, the trend will soon flip. ~ On the weekly, we lose the 20 EMA (3rd chart), and I hope we close the weekly above the 20 EMA this week; this will be very good to see. If we don't, the 20-week EMA, which aligns with the 0.5 fib level on the daily, will act as a strong level of resistance going forward, but I still believe that once the trend flips, BTC will soon break it. Let's see what happens. ~ On the 4H time frame (4th chart), the bullish divergence I was talking about in the quoted tweet is still valid and if this plays out, we'll very likely see a trend reversal. Keep an eye on the 20 EMA; if we flip that into support, that will be very good. ~ I'm personally hoping to see a recovery starting next week, but everything depends on the stock market right now. If it dumps, we'll very likely reach the 0.236 fib level on the daily chart. ~ Thanks for reading; take care.🤝🏻 ~ Click here for a surprise!! - - #btc70k #BTC☀ #crypto
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🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨 ~ Will we see another dip for $BTC ? Or will we continue up from here? Find out in this post. ~ In this post, I'll compare #SPX & #BTC to see if the bottom is in. ~ Let's start with SPX (1st & 2nd photo):
The stock market and BTC are highly co-related and since we had a major correction in the stock market yesterday, we saw this dip for bitcoin.
But on the bright side, SPX right now is holding the 20 weekly EMA (1st chart) and whenever we tap the 20 EMA, we shoot up with great strength when we're in an uptrend (2nd chart).
SPX broke out of the previous ATH and shot up to 1.272 fib, then came down to the 20 EMA and held it as support. After that, we shot up to the 1.414 fib level and now came back to the 20 EMA for support. And we'll soon start our journey towards the 1.618 & 1.786 fib levels, which will be the Cycle top for SPX and BTC will also print a cycle top along with it before a prolonged bear market starts for crypto. ~ Bitcoin update:
1D: As I said early, we had a double top forming on the bitcoin daily time frame, and after a perfect retest of the neckline, we reached the technical target of the double top. Even going beyond the target since we lost the 0.5 fib level.
Now we're holding the 0.386 fib level pretty well, if this support is lost, then the next target is the 0.236 fib level, which I'd say is very unlikely but is in the charts if we lose support.
4H: In the 4H time frame, we've been creating a bullish divergence since July 30th, which is a very good thing to see before trend reversal. Right now, I'm waiting to see what happens. If we go near the 4H 20 EMA, if we get rejected, the 0.236 fib level may happen. If we break above it, then the trend has flipped, and we'll very likely pump up. ~ Thanks for reading; stay safe.🤝🏻 ~ PS: If you like my posts, and found this post informative, feel free to leave a tip by clicking the yellow tipping button below. I'll be grateful.❤️
🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨 ~ Will we see another dip for $BTC ? Or will we continue up from here? Find out in this post. ~ In this post, I'll compare #SPX & #BTC to see if the bottom is in. ~ Let's start with SPX (1st & 2nd photo):
The stock market and BTC are highly co-related and since we had a major correction in the stock market yesterday, we saw this dip for bitcoin.
But on the bright side, SPX right now is holding the 20 weekly EMA (1st chart) and whenever we tap the 20 EMA, we shoot up with great strength when we're in an uptrend (2nd chart).
SPX broke out of the previous ATH and shot up to 1.272 fib, then came down to the 20 EMA and held it as support. After that, we shot up to the 1.414 fib level and now came back to the 20 EMA for support. And we'll soon start our journey towards the 1.618 & 1.786 fib levels, which will be the Cycle top for SPX and BTC will also print a cycle top along with it before a prolonged bear market starts for crypto. ~ Bitcoin update:
1D: As I said early, we had a double top forming on the bitcoin daily time frame, and after a perfect retest of the neckline, we reached the technical target of the double top. Even going beyond the target since we lost the 0.5 fib level.
Now we're holding the 0.386 fib level pretty well, if this support is lost, then the next target is the 0.236 fib level, which I'd say is very unlikely but is in the charts if we lose support.
4H: In the 4H time frame, we've been creating a bullish divergence since July 30th, which is a very good thing to see before trend reversal. Right now, I'm waiting to see what happens. If we go near the 4H 20 EMA, if we get rejected, the 0.236 fib level may happen. If we break above it, then the trend has flipped, and we'll very likely pump up. ~ Thanks for reading; stay safe.🤝🏻 ~ PS: If you like my posts, and found this post informative, feel free to leave a tip by clicking the yellow tipping button below. I'll be grateful.❤️
🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨 ~ Is the bottom in for $BTC ? Are we ready to pump? Find out in this post. ~ In this post, I'll explain what we can expect for #BTC going forward. ~ Let's start with the previous trade setup:
As I said in the quoted post, wait for the confirmation to see if the 68.4k support holds; it didn't hold. We literally fell right through it.
I hope no one entered this trade since there was no confirmation, and this was invalidated eventually. ~ Current situation update:
On the daily time frame, BTC came down to the green zone, which also aligns with the 0.618 fib level, and we saw a bounce off of this level again, just like before.
Keep in mind that this is also a double-top neckline; if we dump from here, the technical target is around 60k. But one thing that's good here is that the oscillator has finally been reset completely and is ready for a pump with full force.
The August prediction of 82k BTC still stands; going forward, let's see what happens. ~ On the 4 hourly, BTC got rejected by the 20 EMA and dumped into the green zone. This happened mainly because of the FOMC data yesterday. The market was waiting for a rate cut, but since it remained the same, we saw this sell-off. This is just a short-term dump, which we'll recover from very soon.
On the bright side, we have a bullish divergence, which is confirmed at the support level, and we can expect a bounce back soon. Going forward, I'd like to see BTC break out of the 20 EMA both on the daily and 4H. This is what I'm looking forward to right now. ~ Thanks for reading, stay safe.🤝🏻 ~ PS: If you like my posts, and found this post informative, feel free to leave a tip by clicking the yellow tipping button below. I'll be grateful.❤️
🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨 ~ Is the bottom in for $BTC ? Are we ready to pump? Find out in this post. ~ In this post, I'll explain what we can expect for #BTC going forward. ~ Let's start with the previous trade setup:
As I said in the quoted post, wait for the confirmation to see if the 68.4k support holds; it didn't hold. We literally fell right through it.
I hope no one entered this trade since there was no confirmation, and this was invalidated eventually. ~ Current situation update:
On the daily time frame, BTC came down to the green zone, which also aligns with the 0.618 fib level, and we saw a bounce off of this level again, just like before.
Keep in mind that this is also a double-top neckline; if we dump from here, the technical target is around 60k. But one thing that's good here is that the oscillator has finally been reset completely and is ready for a pump with full force.
The August prediction of 82k BTC still stands; going forward, let's see what happens. ~ On the 4 hourly, BTC got rejected by the 20 EMA and dumped into the green zone. This happened mainly because of the FOMC data yesterday. The market was waiting for a rate cut, but since it remained the same, we saw this sell-off. This is just a short-term dump, which we'll recover from very soon.
On the bright side, we have a bullish divergence, which is confirmed at the support level, and we can expect a bounce back soon. Going forward, I'd like to see BTC break out of the 20 EMA both on the daily and 4H. This is what I'm looking forward to right now. ~ Thanks for reading, stay safe.🤝🏻 ~ PS: If you like my posts, and found this post informative, feel free to leave a tip by clicking the yellow tipping button below. I'll be grateful.❤️
#Bitcoin Update! MUST READ. ~ Is #BTC about to print a $10,000 candle? Find out in this post. ~ In this post, I'll explain what we can expect from bitcoin in the next 4-7 days. ~ Following up from my previous post, I can say the likelihood of this pump being an ABC correction has been invalidated. We also broke out of the MA resistance on the oscillator, which is a very good sign. ~ Going forward, $BTC on the daily is ready to continue upwards, and right now we're at a key resistance zone. When we break out of this zone, we'll be at a technical target of a minimum of $71,792 bitcoin. (1st chart)
On the other hand, if we fail to break out of this resistance level and start to roll down, we have confirmed the double top pattern, and once we lose the neckline at $65k, the technical target of this dump will be approximately $62k.
Let's just hope that BTC manages to flip it's resistance into support. With the Trump speech imminent, we may see a huge green candle going forward, thus flipping the resistance. Let's see what happens. ~ Let's talk about the 4H (2nd chart):
The divergence I was talking about is still valid, and the possibility of us dumping here is high. The best case scenario will be to go down, retest the 0.5 fib level as support while the oscillator resets, and then shoot back up.
I'd also like to mention that when the daily is bullish, the 4H oscillator stays on top for a very long time before becoming neutral.
With the Trump speech imminent, I think we'll likely see the oscillator stay on top for a very long time before rolling down. But just in case, be careful. ~ Thanks for reading, Stay safe.🤝🏻 ~ AD: If you're interested in learning technical analysis like I do, comment "Teach Me" also mentioned your email ID for me to reach you, and I'll personally reach out to guide you on your journey with my exclusive one-on-one coaching sessions.
#Bitcoin Update! MUST READ. ~ Is #BTC about to make a new all time high? Find out in this post. ~ In this post, I'll make you aware of the next 3 resistances we have for $BTC before it's clear skies. ~ Let's start with the daily (1st chart):
Bitcoin FINALLY broke broke out of the green zone after retesting the 20 EMA, which I was talking about few days ago, and now we're at a major level of resistance of this range and as you can see, we're getting rejected.
If we get a major rejection here and we dump the the green zone, this will act as a major level of support now. This week we'll have a decision and I'm hoping that we'll break this resistance very soon. ~ After breaking the resistance, there are 2 more resistance level, marked in yellow and green lines, where BTC will consolidate a bit before shooting up and breaking both of them. As I have been saying, I'm expecting to see an 82k BTC in August. (2nd chart, between 1.272 &1.414).
Let's see how far we go. ~ Trade update (3rd chart):
As I said in my previous update, as soon as we break the $68.4k, we're in a technical target to 1.618 fib level, sitting at $71k, and slowly we have started to go there. Right now we're at the 1.272 facing it as resistance.
Going forward I'm expecting a retest of the 68.4k, if that ever comes, that will be a great trade opportunity if the support holds. Wait for confirmation to see if the support holds and if it does then enter the trade and the SL will be at $67,313.
I'm marked where me and my clients have entered the this long and 1.272 was our first TP levels which was hit perfectly. As soon as I got a confirmation that we're bouncing off of the 0.786 fib and the 20 EMA I alerted them, and we all entered with a 2% risk and the SL being at $66,846 ~ Thanks for reading, Take care.🤝🏻 ~ PS: Will make a $ETH & $SOL update soon. ~ AD: If you're interested in learning technical analysis like I do, comment "Teach Me" also mentioned your email ID for me to reach you, and I'll personally reach out to guide you on your journey with my exclusive one-on-one coaching sessions.
#Bitcoin Update! MUST READ. ~ Is #BTC about to print a $10,000 candle? Find out in this post. ~ In this post, I'll explain what we can expect from bitcoin in the next 4-7 days. ~ Following up from my previous post, I can say the likelihood of this pump being an ABC correction has been invalidated. We also broke out of the MA resistance on the oscillator, which is a very good sign. ~ Going forward, $BTC on the daily is ready to continue upwards, and right now we're at a key resistance zone. When we break out of this zone, we'll be at a technical target of a minimum of $71,792 bitcoin. (1st chart)
On the other hand, if we fail to break out of this resistance level and start to roll down, we have confirmed the double top pattern, and once we lose the neckline at $65k, the technical target of this dump will be approximately $62k.
Let's just hope that BTC manages to flip it's resistance into support. With the Trump speech imminent, we may see a huge green candle going forward, thus flipping the resistance. Let's see what happens. ~ Let's talk about the 4H (2nd chart):
The divergence I was talking about is still valid, and the possibility of us dumping here is high. The best case scenario will be to go down, retest the 0.5 fib level as support while the oscillator resets, and then shoot back up.
I'd also like to mention that when the daily is bullish, the 4H oscillator stays on top for a very long time before becoming neutral.
With the Trump speech imminent, I think we'll likely see the oscillator stay on top for a very long time before rolling down. But just in case, be careful. ~ Thanks for reading, Stay safe.🤝🏻 ~ AD: If you're interested in learning technical analysis like I do, comment "Teach Me" also mentioned your email ID for me to reach you, and I'll personally reach out to guide you on your journey with my exclusive one-on-one coaching sessions.
Major #Bitcoin Update!🤑 ~ Are we going to continue dumping? Find out in this post. ~ In this post, I'll update on the possible reversal or dump targets. And we will also update on the Wyckoff re-accumulation pattern. ~ Let's start with the daily (1st chart):
As I said in the quoted post below, $BTC went down and tapped the 0.618 fib and then shot back up, creating a bullish hammer candle on the daily time frame. The retest of the 20 EMA along with the 0.618 fib level is done.
One concerning thing I'm seeing here is that this pattern looks like an ABC correction pattern. If #BTC is in an ABC pattern here, then we'll break the yellow support zone and go lower, possibly to the 0.5 or 0.382 fib levels, before seeing a reversal.
In order to invalidate this, break the previous high of $68,486 and make a higher high. While doing so, we also want to see a breakout in the oscillator. Right now, we're on our way to face the moving average in it as resistance. Getting a rejection there will indicate a further downside possibility, and the ABC pattern is likely in play. ~ Now let's move to the 4H (2nd chart):
On the 4H, I found a hidden bearish divergence, which indicates that the bulls are losing momentum and the bears will likely take over soon. In order to invalidate this, the same thing needs to be done: break the previous high.
If I see a rejection off of the 20 EMA near the 0.386 fib level and we never manage to break out of the 0.236 fib level, there'll be a good short opportunity. Right now, I'm waiting for the confirmation to enter this short and will update my clients if I get the confirmation.
The technical target down, if we lose the yellow zone on the 4H, is the 1.272 & 1.618 fib levels. You can see the price on the chart. ~ Wyckoff Re-Accumulation Pattern Update (3rd & 4th charts):
The pattern is in the 3rd chart and in the 4th chart, I have drawn the pattern for you guys to see. And so far, it's following the pattern exactly. If you want a detailed explanation, read the detailed one on my feed ~ Thanks for reading, stay safe.🤝
#Solana Update! MUST READ. ~ Is #SOL ready to pump hard? Find out in this post. ~ In this post, I'll cover the technical targets for $SOL 's pump and will also update on the trade I gave. ~ Let's start with the daily (1st chart):
On the daily time frame, I can see SOL is creating a massive double bottom pattern, and the technical target of this pattern is $285, which will be met eventually.
One concerning thing in the short term is that SOL is facing the MA of the oscillator as a resistance and is currently getting rejected from the yellow zone. If we don't flip both of those as resistances, we may see another dump in the short term. ~ What are the dump targets? (2nd chart):
As you can see, the 4H oscillator is at the top and the daily is at a major resistance level, so if we see a big correction, we may dump to the 1.272 fib level sitting at $165. If we dump even further, we may wick down to the 1.618 fib level sitting at $160. This is the worst-case scenario.
The best-case scenario is that we come down to the 0.5 fib level sitting at $177, and by that time the 20 EMA will also align with that fib level, and we hold the FIB and EMA support and shoot straight up. ~ Trade setup (3rd chart):
The previous trade I gave got invalidated because we flipped the green zone, the fib level, and the 20 EMA as support.
Currently, if we retest the 20 EMA and 0.5 fib level as support and start to shoot up, the technical target of this trade is $198, and if we pump harder, it's $213.
How to enter:
If we come down to retest the 0.5 fib level, see if the support holds, and if it does, then enter the trade.
SL: $169.69; keep trailing.
TP1: $184.9, TP2: $190.1, TP3: $198.3, TP4: Moon bag (15% of the total $ )
Now if we never come back to retest and shoot straight up, if this happens, then the TP1 will be your entry point if we have a good retest and the support holds.
Wait for confirmation and then enter on the 2nd candle after the confirmation that the yellow zone is a support now. SL for this is $179.78 ~ Thanks for reading, stay safe.🤝🏻
🚨 URGENT! MUST READ.🚨 ~ 🚨#Solana is about to DUMP.🚨 ~ In this post, I'll talk about what the likely bottom is $SOL and what the correct situation is. ~ Let's look into the daily first (1st chart):
Just like $BTC , we had a bearish divergence on the daily for #SOL as well, and right now it is playing out, and just like bitcoin, my technical target for this correct is the 20 EMA, which also almost aligns with the 0.681 fib level.
Ever since the recovery rally, we have never seen a retest of the 20 EMA and a retest of the EMA is inevitable, nothing goes up forever and needs to cool down. Think of this retest as a refueling to pump back up. ~ Now let's talk about a trade setup (2nd chart):
After losing the 1 fib level ($169.7), we tapped the 1.272 fib level sitting at $165.74. We're now back to the green support zone to retest this as resistance.
Right now, SOL is re-testing the 0.786 fib level, the 4H 20 EMA, and the green support zone as resistance. Which, if not flipped into support, indicates that we'll likely continue to dump. ~ So the trade setup is:
When you see a clear rejection off of this level and get the confirmation, enter the trade, DO NOT enter the trade if these levels are flipped into support.
The stop loss will be $174.93 and the take profit levels are:
TP1: $165.94, TP2: $163.91, & TP3: $161.03
As the TP hits, keep trailing your stop loss, and when TP3 hits, you can get out or leave 20% of the trade running as a moon back until it hits your stop loss.
Do not enter the trade if you don't know what you're doing. Instead, you can comment "Teach me" down below if you're willing to learn. I'll reach out to you and let you know a way to contact me, make sure to come back and check my reply. ~ If there's a major correction for SOL, we may tap the 2.272 fib level sitting at $151.9
I'm personally not expecting such a correction going below 1.618 fib level & the daily 20 EMA, but just in case, be careful guys. ~ Thanks for reading, take care.🤝🏻
Major #Bitcoin Update!🤑 ~ Are we going to continue dumping? Find out in this post. ~ In this post, I'll update on the possible reversal or dump targets. And we will also update on the Wyckoff re-accumulation pattern. ~ Let's start with the daily (1st chart):
As I said in the quoted post below, $BTC went down and tapped the 0.618 fib and then shot back up, creating a bullish hammer candle on the daily time frame. The retest of the 20 EMA along with the 0.618 fib level is done.
One concerning thing I'm seeing here is that this pattern looks like an ABC correction pattern. If #BTC is in an ABC pattern here, then we'll break the yellow support zone and go lower, possibly to the 0.5 or 0.382 fib levels, before seeing a reversal.
In order to invalidate this, break the previous high of $68,486 and make a higher high. While doing so, we also want to see a breakout in the oscillator. Right now, we're on our way to face the moving average in it as resistance. Getting a rejection there will indicate a further downside possibility, and the ABC pattern is likely in play. ~ Now let's move to the 4H (2nd chart):
On the 4H, I found a hidden bearish divergence, which indicates that the bulls are losing momentum and the bears will likely take over soon. In order to invalidate this, the same thing needs to be done: break the previous high.
If I see a rejection off of the 20 EMA near the 0.386 fib level and we never manage to break out of the 0.236 fib level, there'll be a good short opportunity. Right now, I'm waiting for the confirmation to enter this short and will update my clients if I get the confirmation.
The technical target down, if we lose the yellow zone on the 4H, is the 1.272 & 1.618 fib levels. You can see the price on the chart. ~ Wyckoff Re-Accumulation Pattern Update (3rd & 4th charts):
The pattern is in the 3rd chart and in the 4th chart, I have drawn the pattern for you guys to see. And so far, it's following the pattern exactly. If you want a detailed explanation, read the detailed one on my feed ~ Thanks for reading, stay safe.🤝
🚨 URGENT! MUST READ.🚨 ~ 🚨Will #Bitcoin continue to DUMP?🚨 ~ In this post, I'll share where can we expect a reversal and what are the levels right now. ~ Before I start, I want to start by saying "Told you so", Read the quoted post below, and in this post here, you'll see people commenting awful things. Now that what I said happened and the technical target of the trade met, I feel pity for them. Don't call people names when you don't know basic TA. ~ Let's start with the trade update:
I had given a Technical target of $63,876 in this post here, and we reached $63,802 (1st chart) so the target has been met. I have personally closed 80% of my trade here and will keep the remaining 20% with my SL at TP 2, $64,935
If the SL hits, then I'm out. I hope you guys made some good profits with this trade. ~ When can we expect a recovery?
Right now, the daily oscillator has been reset, and we can very well see a recovery from here. The target of this correction has always been the 20 EMA for me, which has been tapped perfectly (2nd chart).
But on the other hand, #BTC still have a little bit of room left to go down on the oscillator, and we haven't actually seen a retest of the golden pocket, so going forward, we may see a dip to the 0.5 fib level sitting at $62,233 before continuing upwards.
If you were looking to get back into the market, this is a great time to DCA ~ A few days ago, I posted a $BTC cheat sheet for you guys to follow, read here. And we have been following that very well. We're in the test phase (3rd chart) right now, and once it's done, we'll continue upwards, as you can see on my cheat sheet. ~ Thanks for reading, stay safe
🚨 URGENT! MUST READ.🚨 ~ 🚨#Solana is about to DUMP.🚨 ~ In this post, I'll talk about what the likely bottom is $SOL and what the correct situation is. ~ Let's look into the daily first (1st chart):
Just like $BTC , we had a bearish divergence on the daily for #SOL as well, and right now it is playing out, and just like bitcoin, my technical target for this correct is the 20 EMA, which also almost aligns with the 0.681 fib level.
Ever since the recovery rally, we have never seen a retest of the 20 EMA and a retest of the EMA is inevitable, nothing goes up forever and needs to cool down. Think of this retest as a refueling to pump back up. ~ Now let's talk about a trade setup (2nd chart):
After losing the 1 fib level ($169.7), we tapped the 1.272 fib level sitting at $165.74. We're now back to the green support zone to retest this as resistance.
Right now, SOL is re-testing the 0.786 fib level, the 4H 20 EMA, and the green support zone as resistance. Which, if not flipped into support, indicates that we'll likely continue to dump. ~ So the trade setup is:
When you see a clear rejection off of this level and get the confirmation, enter the trade, DO NOT enter the trade if these levels are flipped into support.
The stop loss will be $174.93 and the take profit levels are:
TP1: $165.94, TP2: $163.91, & TP3: $161.03
As the TP hits, keep trailing your stop loss, and when TP3 hits, you can get out or leave 20% of the trade running as a moon back until it hits your stop loss.
Do not enter the trade if you don't know what you're doing. Instead, you can comment "Teach me" down below if you're willing to learn. I'll reach out to you and let you know a way to contact me, make sure to come back and check my reply. ~ If there's a major correction for SOL, we may tap the 2.272 fib level sitting at $151.9
I'm personally not expecting such a correction going below 1.618 fib level & the daily 20 EMA, but just in case, be careful guys. ~ Thanks for reading, take care.🤝🏻
🚨 URGENT! MUST READ.🚨 ~ 🚨Will #Bitcoin continue to DUMP?🚨 ~ In this post, I'll share where can we expect a reversal and what are the levels right now. ~ Before I start, I want to start by saying "Told you so", Read the quoted post below, and in this post here, you'll see people commenting awful things. Now that what I said happened and the technical target of the trade met, I feel pity for them. Don't call people names when you don't know basic TA. ~ Let's start with the trade update:
I had given a Technical target of $63,876 in this post here, and we reached $63,802 (1st chart) so the target has been met. I have personally closed 80% of my trade here and will keep the remaining 20% with my SL at TP 2, $64,935
If the SL hits, then I'm out. I hope you guys made some good profits with this trade. ~ When can we expect a recovery?
Right now, the daily oscillator has been reset, and we can very well see a recovery from here. The target of this correction has always been the 20 EMA for me, which has been tapped perfectly (2nd chart).
But on the other hand, #BTC still have a little bit of room left to go down on the oscillator, and we haven't actually seen a retest of the golden pocket, so going forward, we may see a dip to the 0.5 fib level sitting at $62,233 before continuing upwards.
If you were looking to get back into the market, this is a great time to DCA ~ A few days ago, I posted a $BTC cheat sheet for you guys to follow, read here. And we have been following that very well. We're in the test phase (3rd chart) right now, and once it's done, we'll continue upwards, as you can see on my cheat sheet. ~ Thanks for reading, stay safe
🚨 URGENT! MUST READ.🚨 ~ 🚨#Bitcoin is about to DUMP.🚨 ~ In this post, I'll give a follow-up from yesterday's update (quoted post) and inform you what to expect from the trade I gave going forward. ~ Let's talk about the trade first:
The TP 1 of the #BTC trade, which was $65,882 hit, and we got very close to the TP 2, I told you guys to move your SL to entry, and right now we're in the green zone. My SL isn't hit yet, but if your SL is hit, then you can re-enter the trade. With the same TP levels
As you can see on the first chart attached, we're currently getting a rejection off of the 20 EMA on the 4H. If you see that $BTC starts to dump after a confirmed rejection, then you can re-enter the trade, and my SL would have been $67,754 if I had re-entered the trade. Adjust this if needed for you.
We can also see that we're facing a resistance on the moving average (MA) in the oscillator, and typically, it has always been a good place to go short after the rejection. Don't enter the trade If we break above the 20 EMA on the 4H chart and hold the green zone as support. The trade will be invalidated then. ~ Now let's move to Daily:
On the daily, we got an amazing bounce off the 0.786 fib level. But the oscillator on the daily isn't reset for a continuation up; we still have room to go down and we just lost the MA on oscillator in the daily time frame. Typically, this suggests we're going to dump a little bit more.
So the technical target for this correction still remains the 20 EMA, and as you can see, it's slowly coming up. We may see a situation where it comes up to the 0.702 fib level sitting at $64,789 and the price start to recover from there. But until that happens, my personal technical target is the 0.618 fib level. If things change, I'll update. ~ Thanks for reading; stay safe.🤝🏻 - PS: Read the pinned comment.
🚨 URGENT! MUST READ.🚨 ~ 🚨#Bitcoin is about to DUMP.🚨 ~ In this post, I will cover the technical targets of the upcoming correction and what we can expect moving forward. ~ Before we begin, I urge you to read my quoted post, as the information there remains relevant. Now look at the comment section to see how people are calling me names. I also made a post earlier warning you guys about the incoming dump, but I got name called there as well. Read Here.
Moving forward, I hope my accurate calls will be met with respect rather than dismissiveness. ~ Let's start with the daily chart:
Refer to the first attached chart. The bearish divergence I identified in previous posts is materializing, bringing us to the first level of support, the green zone, which aligns with the 0.786 Fibonacci level.
If #BTC consolidates here and the oscillator moves toward neutral territory, I will update you. ~ Currently, the oscillator is in the overbought territory and moving towards neutral. We are holding at this support level, and if it holds, we may continue upward.
However, it appears likely we will see the anticipated retest of the 20 EMA, which aligns with the yellow support zone and the 0.618 Fib level. Several indicators suggest a retest of the yellow zone is imminent. ~ Trade setup:
On the 4-hour timeframe (2nd chart), I have a trade setup. The stop loss is set at $67,713, and the take profit levels are $65,882, $64,935, and $63,876.
Do not risk more than 2% of your portfolio on this trade. Enter only if we get a rejection off the 20 EMA and the green zone on the retest. If you are unsure about managing your risk, it is best not to enter.
The 4-hour chart is in the oversold territory, and we may see a relief rally before a potential dump. Monitor the chart closely and enter only if the mentioned conditions are met. If $BTC holds support here, a pump is possible. ~ Thank you for reading, and stay safe. 🤝
🚨 URGENT! MUST READ.🚨 ~ 🚨#Bitcoin is about to DUMP.🚨 ~ In this post, I will cover the technical targets of the upcoming correction and what we can expect moving forward. ~ Before we begin, I urge you to read my quoted post, as the information there remains relevant. Now look at the comment section to see how people are calling me names. I also made a post earlier warning you guys about the incoming dump, but I got name called there as well. Read Here.
Moving forward, I hope my accurate calls will be met with respect rather than dismissiveness. ~ Let's start with the daily chart:
Refer to the first attached chart. The bearish divergence I identified in previous posts is materializing, bringing us to the first level of support, the green zone, which aligns with the 0.786 Fibonacci level.
If #BTC consolidates here and the oscillator moves toward neutral territory, I will update you. ~ Currently, the oscillator is in the overbought territory and moving towards neutral. We are holding at this support level, and if it holds, we may continue upward.
However, it appears likely we will see the anticipated retest of the 20 EMA, which aligns with the yellow support zone and the 0.618 Fib level. Several indicators suggest a retest of the yellow zone is imminent. ~ Trade setup:
On the 4-hour timeframe (2nd chart), I have a trade setup. The stop loss is set at $67,713, and the take profit levels are $65,882, $64,935, and $63,876.
Do not risk more than 2% of your portfolio on this trade. Enter only if we get a rejection off the 20 EMA and the green zone on the retest. If you are unsure about managing your risk, it is best not to enter.
The 4-hour chart is in the oversold territory, and we may see a relief rally before a potential dump. Monitor the chart closely and enter only if the mentioned conditions are met. If $BTC holds support here, a pump is possible. ~ Thank you for reading, and stay safe. 🤝
🚨 URGENT! MUST READ.🚨 ~ 🚨#Bitcoin is about to DUMP.🚨 ~ Here's why a "sell the news" event might occur for Bitcoin and an update on the weekly status: ~ Daily Time Frame:
Since the pump on July 12th, we've entered overbought territory on the oscillator (on July 16th) and are developing a bearish divergence, indicating a potential correction as bulls lose momentum. ~ Now refer to the first chart attached:
In this chart, I have drawn 2 paths showing what I expect $BTC to do in the coming days.
Yellow path: It shows that we have started the correction and we're going down to retest the 0.618 fib level, which also aligns with the 20 EMA on the daily. Before ultimately reaching somewhere between 1.618 and 2 fib levels, which will be very close to 80k, I'm personally betting on the fact that we'll reach 82k by August. Let's see what happens.
Personally, I'd like to see the yellow path play out because it gives #BTC to cool down for a bit.
Red Path: It shows that BTC continues to pump in anticipation of the upcoming Bitcoin conference, where Trump will give a speech. And as we come closer to the event, the hype dies down and we see a normal market correction to the current level, and i believe by that time the 20 EMA will also be very close to that level, thus completing the long-awaited retest.
Now let's talk about the weekly timeframe:
As you can see, bitcoin gave a weekly close above a major level of resistance, which is very bullish. The weekly oscillator is in neutral territory, showing that it still has the strength to continue with the pump, which gives me hope that we still have enough power left on the weekly to reach the 80s.
But one thing we have to be careful about is that the last time we reached this area on the oscillator, we got rejected on the pink MA in it. Right now we're at the same place, and I'd personally like to see bitcoin break this resistance ASAP. ~ All in all, bitcoin is bullish, and we're in an uptrend, no more 48k here. Looking forward to a new ATH very soon. ~ Thanks for reading. Stay safe.🤝🏻
🚨 URGENT! MUST READ.🚨 ~ 🚨#Bitcoin is about to DUMP.🚨 ~ Here's why a "sell the news" event might occur for Bitcoin and an update on the weekly status: ~ Daily Time Frame:
Since the pump on July 12th, we've entered overbought territory on the oscillator (on July 16th) and are developing a bearish divergence, indicating a potential correction as bulls lose momentum. ~ Now refer to the first chart attached:
In this chart, I have drawn 2 paths showing what I expect $BTC to do in the coming days.
Yellow path: It shows that we have started the correction and we're going down to retest the 0.618 fib level, which also aligns with the 20 EMA on the daily. Before ultimately reaching somewhere between 1.618 and 2 fib levels, which will be very close to 80k, I'm personally betting on the fact that we'll reach 82k by August. Let's see what happens.
Personally, I'd like to see the yellow path play out because it gives #BTC to cool down for a bit.
Red Path: It shows that BTC continues to pump in anticipation of the upcoming Bitcoin conference, where Trump will give a speech. And as we come closer to the event, the hype dies down and we see a normal market correction to the current level, and i believe by that time the 20 EMA will also be very close to that level, thus completing the long-awaited retest.
Now let's talk about the weekly timeframe:
As you can see, bitcoin gave a weekly close above a major level of resistance, which is very bullish. The weekly oscillator is in neutral territory, showing that it still has the strength to continue with the pump, which gives me hope that we still have enough power left on the weekly to reach the 80s.
But one thing we have to be careful about is that the last time we reached this area on the oscillator, we got rejected on the pink MA in it. Right now we're at the same place, and I'd personally like to see bitcoin break this resistance ASAP. ~ All in all, bitcoin is bullish, and we're in an uptrend, no more 48k here. Looking forward to a new ATH very soon. ~ Thanks for reading. Stay safe.🤝🏻
🚨 URGENT! MUST READ.🚨 ~ 🚨#Ethereum is about to PUMP.🚨 ~ In this post, I'll cover the technical targets for #ETH this cycle (Cycle Top) and provide updates on the daily and weekly charts. ~ Cycle Top Price Anticipation:
Refer to the first chart attached. I believe the bull run started in October 2023, marking the beginning of wave 1. By considering the beginning and the top of wave 1 and laying out our Fib levels, $ETH has a minimum technical target of $7,565 for this cycle. The white wave count shows how the waves may develop, and I believe ETH will reach somewhere between $7.5k and $9k. I will provide updates as we approach these levels.
This is a conservative target for ETH, so I've also illustrated in yellow, what the waves of the optimistic target could look like. The optimistic target for ETH is $14,462. If we experience peak euphoria, we may see a parabolic run to somewhere between $11k and $14.4k. With the ETF and other developments for ETH, this optimistic target could become a reality. ~ Current Situation:
1W: Refer to the second chart attached. On the weekly time frame, ETH has printed a massive bullish divergence, a very bullish signal. This indicates that the correction is over, and we'll soon see the bulls take over. With the upcoming ETF launch, we may see a new all-time high for ETH in August. ~ 1D: Refer to the third chart attached. On the daily time frame, ETH is currently at a major level of resistance with a bearish divergence. Typically, in these situations, we see a correction before continuing with the uptrend.
However, given the current fundamentals and the launch of the #ETF , I believe we may continue pushing up for a few more days before ultimately coming down for a retest of the 20 EMA.
Moving forward, I'm anticipating ETH to flip this green resistance zone into support and push higher. When we come down to this green zone for the retest of the support, it will likely coincide with the 20 EMA, the 20 EMA will probably be in the green box by then. This is the best-case scenario. ~ Thanks for reading. Stay safe. 🤝🏻
🚨 URGENT! MUST READ. 🚨 ~ 🚨 #Bitcoin is about to DUMP. 🚨 ~ In this post, I'll provide an update on what we can expect in the next 5 to 10 days. ~ Short-term Update (1-2 days):
#BTC is looking very strong in the 4H time frame, and it looks like we're in a consolidation phase right now. I have drawn 2 paths on the first chat attached, which I think may happen.
The white path shows a consolidation leading into a retest of the 4H 20 EMA before continuing with the update trend.
The green path shows a parabolic continuation towards the 70s. I'd personally like to see the white path happen; let's see what happens going forward. ~ Now, let’s discuss what I anticipate happening this week:
1D: As we know, Trump will be speaking at the Bitcoin conference this week. I am expecting a pump up to the green marked zone on the second chart. ~ After reaching this zone, I believe we will witness a "sell the news" event. The market will continue to pump leading up to the speech date, and then we will see a sell-off.
Following this, we should finally get the retest of the 20 EMA on the timeframe I have been anticipating for a long time. ~ Due to the rejection in the green zone and the subsequent retest, bears will start to predict a dump to $44–48k again for $BTC
Do not fall for this. This is the same scenario that happened in July 2021. Bears were predicting lower numbers due to the retest, but ultimately, we created a new ATH. Refer to the third chart below. ~ Overall, I am anticipating a bullish week for Bitcoin, followed by a correction before continuing upwards. ~ Thanks for reading. Stay safe. 🤝🏻 ~ PS: "BTC is about to dump" was just a click bait, BTC is bullish, and we will soon make a new ATH in the coming months. ~ AD: If you're interested in learning technical analysis like I do, feel free to send me a DM or comment below, and I'll reach out to you.
🚨 URGENT!!! MUST READ. 🚨 ~ 🚨 Major #Bitcoin pump inbound. 🚨 ~ In this post, I'll explain why I believe Bitcoin will soon reach a new all-time high (ATH). I'll compare Bitcoin's market structure with the gold CFDs market structure from May 2020 until now. ~ Comparison Overview:
I think Bitcoin is mirroring gold's market behavior but on a smaller time frame. I'll illustrate this by analyzing the weekly gold chart and the daily Bitcoin chart. ~ Gold (US$/OZ):
First, take a look at the attached gold chart. As you can see, gold had been trading within a range for quite a long time, strictly adhering to this range without falling out of it. We observed an initial drop after a pump, followed by another pump, all of which respected the range boundaries.
Suddenly, after reaching the range top and then dumping to retest the range low, gold broke out of the range (marked in red on the chart). At that time, many were predicting lower numbers, but gold reversed the fake-out, recovered massively, and achieved a new ATH. ~ Bitcoin ( $BTC ):
Now, look at the second chart for Bitcoin. We can observe Bitcoin replicating the exact market structure as gold. Like gold, Bitcoin dropped out of the range for a few days, then continued with a V-shaped recovery, similar to gold's pattern.
I've made it simple to understand the time similarities between both charts. I hope you grasp the key points.
Notably, gold retested the 20 EMA after the initial pump, whereas Bitcoin has not done so yet. Moving forward, I believe Bitcoin will soon retest the 20 EMA. Consequently, we will likely see a new ATH for Bitcoin very soon.
We are literally replicating gold, and I believe this trend will continue. Until then, don't let influencers who are predicting a price range of $44-48k manipulate you. ~ Thanks for reading. Stay safe. 🤝🏻 ~ AD: If you're interested in learning technical analysis like I do, feel free to send me a DM or comment below, and I'll reach out to you.
🚨 URGENT! MUST READ.🚨 ~ 🚨#Bitcoin is about to DUMP.🚨 ~ In this post, I'll compare July 2021 vs July 2024 and state the reason why I think $BTC is going to dump and what the levels are. ~ July 2021: When we started the recovery on July 21st, we kept on going up in a parabolic uptrend, but once we were in the overbought territory in the oscillator, we had a correction down to the 20 EMA (yellow line), which was a 12% drop on the daily time frame. Before continuing to go up. See the first chart attached. ~ July 2024: This year we started the recovery on July 12th, and as you can see, we are continuously going up without retesting the 20 EMA, and sooner or later we will retest it.
Right now, the 20 EMA sits at $62.4k and I believe we'll continue with the uptrend after retesting it. Whenever it comes.
On the daily time frame, we can also see that there's a bearish divergence forming, which is not confirmed yet. But from the looks of it, the divergence will be confirmed very soon, which will further confluence to my bias that we'll rest the 20 EMA very soon. See the second chart attached. ~ So what are the levels and what can be the scenarios going forward?
Let's move to the 4H now, In this time frame, the divergence is much more clear, and I've marked it with white lines and pointed with arrows. In order to simplify things for you guys, I have drawn 2 paths, which I think may happen:
Yellow path: It shows that #BTC came down to retest the 20 EMA on the 4H time frame and after a successful retest, we continue upwards towards the $70k level
White path: This is the path I want BTC to follow and this path shows that we got rejected on the 20 EMA on the 4H time frame and dumped to the 1.272 fib level, which also aligns with the 20 EMA retest on the daily time frame. This path will be the best thing to happen for all the sideliners and will give them a great point to re-enter the market. ~ The End. Thanks for reading! ~ AD: If you're interested in learning technical analysis like I do, feel free to send me a DM or comment below, and I'll reach out to you.