#BTC
In my opinion it's too early to say bottom is in...no confirmation yet (in EW terms).
But even a lesser agressive approach gives me a target of at least $80,000 from here with that Double Correction.
It's fully in line with what I've been saying for weeks: Crypto will follow TRADFI and they are strong.
This is what most people cannot do.
Being objective during the times of highest emotion.
I have people all over my page screaming at me that I'm an idiot, that I should "read the room" and that I'm wrong.
But you do not change your fucking bias just because it hurts that the market has been pushing lower.
You assess the data, the facts, and you do not flip right at the edge of invalidation, which always serves as the most likely area for reversal.
We have:
- Identical setup from August 24 and April 25
- Fear and greed at extremely low levels
- Death cross ticking over tomorrow
- BTC.D still at 60%
- Fresh liquidity about to enter the market
- Bitfinex whales longing more every day
- Sentiment in the gutter
This is not just one metric, it is a basket of confluence that simply says to me that this is a peak bottoming zone.
Its not an opinion, it is factually true based on data.
And as I keep saying, even if it is "over"...
You don't fucking sell the pico peak of fear in the market because there are ALWAYS bounces.
The bottom of this correction will be found over the next 7 days at maximum.
I do not care what your feelings say.
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volumes are completely absent... don't expose yourself too much to the market with large sizes! here remains my key support for a possible 96/95 bounce for intraday $BTC
@cryptobeastreal People should do their own research about coins. If you’re shilling the coin because you like it, that doesn’t mean that everybody should buy it blindly and than complain to you why it’s down 70-80%. Most alt coins are down 70-80% from their ATH. $ALPHA to Billions!