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Joined December 2017
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Alright. I think I have a pretty damn good idea now where $btc is going to bottom. I had to bust out an old indicator that has had my attention for the last few years that I had completely forgotten about.
It’s called “Coin Value Days Destroyed”
Type CVDD into indicators on tradingview and it should come up.
Just focus on the very first 2 charts you see here in the first image below to see the significance. It’s the purple line. We always come back and perfectly retest this specialized MA on the “Daily Line” chart before the bull run starts. 👇
(Note: I used the 2D chart below so the whole chart would fit for the screenshot. The metics and visual is pretty much the same as 1D so it’s fine)
#Btc #Bitcoin $Eth #Eth
Went long again last night. Can’t shake the feeling. Gotta stick to the original plan. Still targeting just beyond Sept highs.
A major FUD/scare event like this hack at the end of count that looks corrective like this is very often an amazing long entry. The initial commotion and dust has likely settled regarding this hack for further downside. So many people are wanting lower to 74/75k now before they long which would create a MSB. I have my doubts they get it. Maybe I’m wrong, we’ll see.
Also bigger picture, it makes more sense imo when you line everything up that alts will catch up bigly before the real (big)drop happens
$Btc $Eth $Xrp
Made some more money on that move down.
Price just hit my long area. I’m going long here. Binance hack not scaring me out of my plan here. Let’s fucking do this
Hal L retweeted
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Fake & Gay!
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Read more ⬇️
Still somewhat neutral but I’m leaning more bullish again than bearish here. May close my short.
There’s a 5 wave structure breaking the low of the 5-3-5 correction already which technically can be accepted as a completion. 80k being defended nicely. There’s a nice hidden bull div on the Daily while we’re still well above previous ranges value area. Ima take a chance and ride some longs here and close my short.
We don’t have to but I think we likely dip one more time to fill the inefficiency on the 4hr at 78,673. A Daily close below 79,611 and I’m bearish.
When I scan all the charts, it just makes a lot more sense to me that we come up and rinse the shorts first before we head down.
I was thinking black swan before midterms but I think it likely happens very shortly after the midterms now. Prob before November 20th or so. Personally keeping a watchful eye on the Nov. 16th area or the days leading up to it.
$Btc
A close below $79, 500 will trigger a sell signal on the daily $BTC SuperTrend
Bulls will have to show they haven't completely lost control
Open to being wrong but there’s a structural signal here that says breaking this low(red arrow) confirms we head lower for a more extended correction instead of heading to 87k+ from here and we just broke it.
If you can handle getting all EW nerd talk for a quick sec this is worth noting;
This structure upwards we just had confirms that the 5-3-5 structure we got since the 87k top was all an A or W wave of a larger correction instead of its own complete correction bc this move up we just had to 84,800 cannot be a motive wave bc of the length of its wave 3. It breaks the rules no matter which way you try to count it for a motive wave. Which would mean that was a corrective wave up(the count works -shown below) which means theres a larger C or Y wave coming down now.
It’s got that all too common corrective horn shape too.
Go ahead and measure your fibs. The blue labeled wave 3 shown below is the only way it can be counted in both cases bc of length rule. And that wave 4 just broke the wave 2 when it’s not allowed.
Alright enough nerd talk. I’m going to bed.
I’ve become pretty neutral about $Btc here in the last couple days. I still think the overall HTF direction is down next, but have become quite neutral about if we are going to get that nice pump up that I’ve been thinking is coming before the mega move down happens.
Maybe I’ll share more later on regarding why. The fine details of the structure we just formed up to 84,800 and the mid terms timing is part of it. And I’m pretty sure oil is ready for the spike to $184 area that I’ve talked about.
The opposing dynamic between $oil and #btc is very real rn. Only one is going to pump super hard while the other dumps super hard and I’m pretty sure it’s oil that’s going to surge from the events we talked about. Just can’t tell if we get the pump up on btc first anymore. Really wanted to short with more size in the 89k - 92k area.
I’m still short from 84,700 and long from 80,800 area. I feel like I’ve got a good plan tho. Very curious how this unfolds!
Open to being wrong but there’s a structural signal here that says breaking this low(red arrow) confirms we head lower for a more extended correction instead of heading to 87k+ from here and we just broke it.
If you can handle getting all EW nerd talk for a quick sec this is worth noting;
This structure upwards we just had confirms that the 5-3-5 structure we got since the 87k top was all an A or W wave of a larger correction instead of its own complete correction bc this move up we just had to 84,800 cannot be a motive wave bc of the length of its wave 3. It breaks the rules no matter which way you try to count it for a motive wave. Which would mean that was a corrective wave up(the count works -shown below) which means theres a larger C or Y wave coming down now.
It’s got that all too common corrective horn shape too.
Go ahead and measure your fibs. The blue labeled wave 3 shown below is the only way it can be counted in both cases bc of length rule. And that wave 4 just broke the wave 2 when it’s not allowed.
Alright enough nerd talk. I’m going to bed.
Hal L retweeted
feels like unknown unknown black swan szn
and it's kind of hard to prepare for that by definition
Hedged my long up here at 84,700 area.
Any one else feelin the intensity rising in the market rn? Kinda feels like shit is about to get real very soon.
$Btc
That’s acceptable for the 5-3-5 structure even tho all the subwaves don’t fully look fulfilled on last leg. It can go lower still sure but I’ve seen Btc not care about LTF subwaves many times and just leave without them as long as the htf leg is there.
FVG fill not necessary here. We made one more lower local low. That was fhe important part. It can go lower still but I’m long from 80k. Targeting 87k. Let’s see if I get rekt. Still looking to short the larger swing north of 87k.
$Btc
Even tho we don’t have to, I think the odds are decent that we put one more turtle soup into the D FVG this week before we head up. It would be 3 drives too if so. Def worth a nice long if we get it imo if you’re not long yet.
People that are near term bearish here, I remind you we are still decently above the previous range’s value area. That’s a good amount of support that price is still very decently above after all this time up here and we have been getting pretty good absorption on all the lows that dipped into it. Plus there’s a full or pretty much full corrective 5-3-5 count here since the 87k high.
I also remind you that we never got a back test on that wedge either. Plus all the liquidity that’s built up there now on this slow chop down. $10 Billion+
I continue with my still unwavered stance that there’s a very strong probability that we run the 87k highs before we go down.
$Btc
