Avangelina

Avangelina Updated 

Add the gaussian channel into the channel and falling wedge scenario.

Avangelina Updated 

The idea that BTC destroys inflation not the feds destroying bitcoin.

Avangelina

We are looking for clues to see if this Elliot wave cycle is still valid during critical inflationary times and 4x interest rate hikes in one year.

Avangelina Updated 

There is a clear pattern for Bitcoin while still in the early investment stages of life. The large gaussian channel has never turned red which could indicate the Elliot wave is still valid, there is much more downside after relief rally or a relief rally isn't happening because the double top with 2 consecutive ATH recently happened. Check out the moments...

Avangelina Updated 

I have updated this idea. Sometimes pivot lines work and sometimes they don't. The key is to find the correct chart. Assuming the trend line in the mean distribution, BTC can bounce off of the mid line of the gaussian channel and have a relief rally to 37k, and then back down to 10k-15k area to form a double bottom. The next havening is not until May 2024 so I...

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The 4 week has an interesting setup using gaussian and moments. The Bollinger bands tend to squeeze inward when BTC makes a final dip. The projected gaussian channel is expected to touch $1,800 area after a rejection at the the 31k area. There is a falling wedge in the moments.

Avangelina Updated 

Bitcoin volume has been oscillating in what is now a consolidation period. The orange oscillator has been moving up towards the 45k-55k and the $10,000 area. If the bulls do not step in soon enough then the bull run might be over.

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Using the line break candles I can see a strong downtrend with the Fibonacci and volume projections.

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The BTC market cap appears to have bottomed out or close to the bottom. The stochastic does not appear to have a bull signal yet. Interesting though, that BTC market cap has never fully bottomed out using the wave trend with stochastic since the last bull run of 2017/2018. This could be an indication of a crazy bull run in the future.

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Cosmos is moving towards the breakout point in the $4 area. Volume supports this as well.

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Using the Kagi price action, I found a falling wedge breakout in the mean momentum. Gaussian channel breakout could be soon.

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New ATH or relief rally/altcoin season volume spike top of falling wedge March 2023. Will Bitcoin crash after new ATH or relief rally? RSI is not even close to bottom. Stochastic is overbought.

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The volume for LUNA 1.0/LUNC is oscillating to $1.00 and picking up volume. If Bitcoin is going to breakout soon then so will the altcoins.

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Bitcoin is ready and due for a small break out, but I am not anticipating a new ATH. I can see an altcoin season this Christmas.

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After a true breakdown and before a reversal there should be dark grey X's appearing. There are not any appearing yet so this current bearish market is either leg 2 down of the Elliot wave trend on a grand scale where stochastic support isn't necessary like before or BTC is in the middle of a breakdown and more downside to come before dark grey X's appear below...

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If Bitcoin is not going to freefall and go to $1,040, then a reversal and double bottom is possible. I see similar consolidation periods after the last bull run. I will say that current volume doesn't support a bull run in the near future but that can change in a couple weeks. Look out for new all time high and sell signs around 50k if a reversal trend starts in...

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Bitcoin has broken down to volatility channel but has not broken out. The line break candle is coming to an end for the downtrend. Bitcoin could potentially reverse from here and start a new bull run and make new ATH.

Avangelina

BTC has consolidated at support $19,280 but buying volume is still low. Bull run is dependent on bulls. I see some reversal in the near future but it is too early to say the bull run will continue or end until BTC makes new all time high.