E

cal alum. previously finance in tech, now full time in crypto.

[CrediBULL Crypto @CredibleCrypto]

Re-affirming my assertion that our cycle top is not yet in and $BTC will see 150k+ before the cycle is over.

To show broader context of the move in the quoted tweet, here is my full primary count of $BTC off the 15k lows.

Key takeaways:

1. Rate of ascent should increase at an increasing rate into the final 5th subwave which will mark our blow off top. Implies all impulses moving forward will be more aggressive than the ones prior (parabolic advance).

2. Currently in subwave 2 of the final 5th wave after completing the impulsive subwave 1 which took us from 74k to 112k. Subwave 2 should bottom between where we are now and 74k which is our HTF invalidation (origin of subwave 1 impulse).

3. Measured move of our 1st subwave was 37.5k. A fair assumption is that our 3rd and 5th waves will be even larger, which implies a MINIMUM target of 150k+ for $BTC by end of cycle.

4. Time is not drawn to scale here and there is no hard invalidation on time as long as 74k is not breached (this PRICE level is what matters, irrespective of "time"), but going back to point #1 we know that the rate of ascent should only increase from this point onwards, so "time" should not be a concern. The longer we take to begin the next impulse the more aggressive it will be and the quicker the rest of the move will play out.

[CrediBULL Crypto @CredibleCrypto]

New Market Update is now LIVE!

Is it time for the Bitcoin rally to 150k+?

Let's take a look at $BTC, $CRV, $HBAR, $FXS, and $CRV.

Likes/shares appreciated! Enjoy :) 👇

https://t.co/UNdjjpDYoI

[CrediBULL Crypto @CredibleCrypto]

Bitcoin continues to look solid af here.

Not expecting any major dips as we continue to climb.

At this point if the idea is correct we should absolutely not see 110k or below and realistically would not even expect a retest of our range highs at 112k at this point.

This bodes well for the entire market.

Let's get it fam.

$BTC

[CrediBULL Crypto @CredibleCrypto]

Why is it now illegal to short Bitcoin?

Because there is a non-zero chance that the next impulse up has already begun.

My original count/idea shared a few days ago had us rejecting at range highs above 110k and seeing a pullback down to the BLUE zone at 102k-ish before moving sideways for a few more weeks before the next impulse begins HOWEVER while I do still think this scenario is probable I also recognize that there is a non-zero chance that the next impulse up has already begun (most bullish scenario depicted).

In either case, downside is relatively limited on Bitcoin from current levels imo and so focus should be on identifying potential long opps on Bitcoin rather than looking to short clear strength.

We will know more as PA develops of course but I felt this was important to point out in case of a move to range highs in the coming days.

$BTC

[CrediBULL Crypto @CredibleCrypto]

"Why are you always looking for another move down???"

Get this a lot and there are two parts to this:

1. In almost all cases where I'm looking for a "sweep of the lows" it's in the context of a lower timeframe move.

In nearly every instance over the last few years where I've been looking for a LTF move down my bias on the HTF has been bullish, with the expectation of another macro leg higher regardless of if a lower timeframe move down plays out or not.

Most understand this, a few clearly do not.

2. What @LuisFLoureno1 has stated below is KEY to understand. When we are in a ranging environment, we are looking for liquidity grabs in both directions. This is the DEFAULT stance within a range.

When we are in trending environments, we are NOT looking for a sweep of the lows from which our impulse (trend) started. This is the DEFAULT stance in a trending environment.

And to tie this all together- markets probably spend 4-5x as much time ranging as they do trending impulsively, which means 4/5 times a move off the local lows is not a full on trend reversal but just more chop, which also means 4/5 times you will see me calling for "a sweep of the lows" on LOW timeframes, rather than saying "bottom is in, up only". Although you will occasionally hear me say that too (when I am able to identify a clean impulse off our lows in the 20% of cases that the move off the lows IS actually the start of a full on reversal).

[CrediBULL Crypto @CredibleCrypto]

New Youtube VIDEO is now LIVE!

This video is probably one of my most EDUCATIONAL- I break down Elliott Wave to it's basics and demonstrate how I use it in confluence with other "traditional" price action methods to create a more "practical" approach to technical analysis.

I cover $BTC and a number of alts including $ETH, $XRP, $CRV, $CVX, $LTC, $WIF, $HBAR and more!

Likes and shares are always appreciated. Enjoy! 👇

https://t.co/8leLQDBidv

[CrediBULL Crypto @CredibleCrypto]

If you haven’t figured it out yet the fact that we have now made a new ATH in an impulsive manner confirms the idea I shared below in January.

This also means that many alts will follow BTC to new ATH in the coming months.

Prepare yourself for the mother of all alt seasons.

[CrediBULL Crypto @CredibleCrypto]

Because that was the end of our 3rd wave and the start of our 4th wave, which was a mid cycle top, not the end of a 5th wave/actual cycle top (what we are getting now).

It’s vindicating to see my thesis play out now in real time after getting so much shit for saying that 2021 was not our cycle top.

The strength with which we rallied off 15k in a clean impulse to new ATH before the halving and 100k+ is proof of this.

Took a bit longer than expected but that simply means this final 5th wave will be even stronger than initially expected as well 😤

* $BTC chart below shared in 2022 *

[CrediBULL Crypto @CredibleCrypto]

Is it finally time? 👇

[CrediBULL Crypto @CredibleCrypto]

These last couple of weeks have been some of the most boring weeks that I can remember in terms of PA on majors.

Have barely been trading because the moves have not been worth the time.

Not sure how long this chop is going to last but any time we have prolonged boringness like this it just means we are setting the stage for the next explosive move and THAT is what keeps me going here..

[E @CryptoDNE]

@CredibleCrypto You are a true legend not only because you've been spot on and excel at what you do (e.g. TA, trading, and helping others by teaching), but also because how genuine and respectful you are with everyone. Keep doing you Cred! We all appreciate you ❤️

[CrediBULL Crypto @CredibleCrypto]

Thanks for your patience fam, new video is now LIVE.

I talk about $BTC, $CRV, $XRP, $ETH, $HBAR as well as the 10 other alt-coins YOU chose for me to cover including $ADA, $TEL, $LINK, $LTC and more.

Likes/shares appreciated, enjoy!

👇

https://t.co/NgkMmyaaJs

[CrediBULL Crypto @CredibleCrypto]

Also, don't agree at all with this idea of "no alt-season".

You know why there will be a massive alt season?

Because humans are greedy fucks. That's why.

Biggest alt season we've ever seen yet to come, post $BTC top.

[CrediBULL Crypto @CredibleCrypto]

Congrats on 100k Bitcoin 🔥

That being said, jobs not done.

Time to lock in for the home stretch 😤

LET’S MAKE IT COUNT FAM!

[CrediBULL Crypto @CredibleCrypto]

We got time fam we got time. Best is yet to come, keep calm and stay focused.

You’ll miss a lot in this space- get used to it. You don’t need 100 winners to make it big this cycle you just need a handful.

[E @CryptoDNE]

@CredibleCrypto Some comments are just ridiculous. Cred has been right the whole time since the bottom except this recent LTF prediction. Anyone who spends time understanding his HTF theory would be in profit. If you are not making money you are the reason, not him.

[CrediBULL Crypto @CredibleCrypto]

The image below is actually very important and it's a point I've made before regarding market structure.

The idea of what constitutes a "higher high" or "break in market structure" is subjective and varies depending on who you ask.

Many on CT have recently proclaimed that the move above 65k today is a bullish break in market structure and use this as an argument for why a break of the 5-6 month range we have been stuck in is imminent/likely. The argument is that this "break in structure" is what makes this rally different from the last 4-5 within this range.

As you can see below, there is an opposing argument to this idea that argues that the move above 65k is not a true shift in market structure.

For me, I use two criteria to determine if a break of a local swing high or low is significant in terms of a shift in market structure:

1. Did the break of the swing high/low occur by an impulsive move up/down?

OR

2. Was the swing high/low that was broken part of an impulsive move to begin with?

If either of these criteria are met, then the break is significant and an important shift in structure.

If neither of the above criteria are met then the break is not significant, and/or just part of further ranging/chop.

In our case today, the move above 65k was not an impulsive move and the highs at 65k were not part of an impulsive move down, so the fact that we cleared them doesn't mean much imo.

[CrediBULL Crypto @CredibleCrypto]

New Bitcoin market update is now LIVE!

Let's talk about this recent move up. I break down what I'm looking at, why it's important, and how to put it all together.

I also touch on $CRV 👀

Likes/shares appreciated as always. Enjoy 👇

https://t.co/qgeZWmrU0X

[GNUS.ai @GnusAi]

$GNUS Testnet Completion:
▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▯ 98%

[CrediBULL Crypto @CredibleCrypto]

Make the most of the next smol dip, cus it may just be your last.

The stars are aligning.

A bit more confirmation and I will share everything I am seeing.

Next couple weeks are pivotal.