Made a post about this possible structure 1 year ago. With a wave 3 top around 108k > a sharp pullback > continuation to the 0.5/ 0.618.
Use log scale for wave 1 till 3 & turn "fib levels based on log scale" off for wave 5. Now do this on the 1 to 5 wave from nov 18 bottom to nov 21 macro top. You get the exact same results. A macro top in the grey box.
At this point to early to tell because structure is still bullish. But shorts are open.
Short missed from 80k, we move on. Next opportunity is a short between 68k - 71k on bitcoin:native
Breaking 60k after the rejection will be a brutal drop. Because it will represent wave 3 in Elliot waves.
Who are you going to be? A retail dreamer or high-IQ pro-investor.
@CryptoGirlNova The fact that you think we won't go to 40k because that would break something, is exactly the reason why it has a high chance of going there. It's called capitulation
@Roman_Trading I buy & sell pretty much near every macro top & bottom. So it is possible. Have to say, bottoms are easier to spot than tops on BTC
@Overdose_AI Haha, everybody is happy we just did a sweep of 60k. The real panic will start below it & capitulation is what follows at prices no one thought were possible
Big upside always leads to big downside.
Big downside always leads to big upside.
Your entire outcome depends on how accurately you time the most aggressive reversals on Bitcoin.
You’ll either:
1️⃣ Make life-changing money.
2️⃣ Secure good profits.
3️⃣ Break even -- no profit, no loss.
4️⃣ Take a painful -30% to -50% hit.
5️⃣ Get completely wrecked, watching your portfolio evaporate while praying for a miracle recovery.
Timing the market isn’t optional -- it’s a must.
Cut the retarded belief that timing the market is impossible. That’s exactly what whales want you to think, so you keep your money sitting in the market, ready for them to take it.
Strange to see that a lot of people are surprised we see prices like this in crypto. We are here because of the volatility, and we know it goes up fast and comes crashing down every single time.
So why don't you go all out and act like this bear market is something new?
$BTC
People need to learn that shorting crypto is just as profitable as buying specific tokens at calculated levels. Because there is so much dogshit in this industry and liquidity stuck in hopeless dreams. Good for people who learned the skill of trading, bad for the dreamers
I guess it was that easy to make money again. Thank you for playing. bitcoin:native
Don't worry, we will buy the bottom together with my 9 years of experience in these markets
The beauty of this is that bears will just disappear & bulls will get fully confident again that the bottom is in. While I said this many many many times. 60k IS NOT THE BOTTOM, because this range is not how a bottom forms based on liquidity & PA. $BTC
The beauty of this is that bears will just disappear & bulls will get fully confident again that the bottom is in. While I said this many many many times. 60k IS NOT THE BOTTOM, because this range is not how a bottom forms based on liquidity & PA. $BTC
Interesting times in the market, bulls & bears are fighting. Funding is negative within this whole range (meaning more swing shorts than longs). We are now approaching a key resistance in the POC of the last range (86k-87.5k). I will short that any time because of positive R/R.
So TLDR: 84k-86k HTF resistance > possible HTF B top to 40k OR 84k-86k locale top > drop to 69k OR 75k and move to 101k - 105k for HTF B. I will still open shorts at 84k - 86k because of positive R/R, can de-risk fast if needed. $BTC
Interesting times in the market, bulls & bears are fighting. Funding is negative within this whole range (meaning more swing shorts than longs). We are now approaching a key resistance in the POC of the last range (86k-87.5k). I will short that any time because of positive R/R.
In many shapes and forms. We had the same in '18, ABC correction from 0 to 19k in 7 years. They are brutal in size and confuse many. If you think 40k is some random target, think again. Nothing is random in these highly controlled markets by the MM's. They gladly take your money.