### Rising Wedge Pattern 1. **Definition**: - A rising wedge is a bearish chart pattern that forms when the price action creates higher highs and higher lows. It appears as two converging trend lines that slope upwards. 2. **Interpretation**: - While the pattern may initially appear bullish because prices are rising, it often indicates a weakening...
Given the current uncertainty surrounding the elections, I anticipated a rejection off the open wick at the range's high, which could initiate a consolidation phase characterized by lower-time-frame inducement. This setup aims to engineer additional liquidity around the 73k high. Analyzing the present market structure reveals two sharp impulsive moves, with...
BERA at 89k, 89k is the 1.0 fib extension from 2012. Wouldnt it be poetic if BTC tapped the 1.0 and retraced to complete its cycle. All the way from the 0 starting point. Like an algorithim should.
High time frame I am still bullish on Bitcoin, the August 5th low looks to have come down to the macro dealing range 0.5 OTE with a ~0.07% fill. Ideally after that, I wanted to see the August 5th Weekly candle wick get traded into, in-which, we did see that happen. So macro, we are still looking good, sub structure on the other hand is still bearish until price...
If 64.5k does not get displaced over, this high may act as a macro inducement high before we more higher. The move down would conclude a third touchpoint on a trend line you can see below. The 3rd or 4th time testing a trend line, it normally breaks and purges sell-side liquidity before reversing back up to leave everyone offside. I hope to see turbo upside by...
Engineer more trend line liquidity while build relative equal lows (inducement lows) then the real sweep comes in around the CPI announcement - mid month? - Then start Uptober
This is the 2022 bear market inversed and fitted to the current 2024 price action. Interesting to see it generally rhyme. With the top coming in around 86k in Q1 2025.
This is kind of what I am expecting over the next few weeks. Everyone is eager to get into a trade, Im expecting more chop to introduce a little more disbelief into the air.
Get ready for whats to come in Bitcoin... its going to be a tough ride. I drew something up as if I was in control of price, and kept the idea of liquidity in mind. Focus on the prices, and the volatility. Take notes on what you should do as a level headed plan, and get ready to TP in Q4 - Q1 2025
I think this is the most realistic path to 100k when taking into account liquidity / engineering liquidity. Based on the open wick ($23,275 O - $19,520 L )/ eq lows below ($24,745 ) I think price will gravitate back to that area as a bear market accumulation area. With that in mind, If I line up the 0.75 of the fib on the low of the wick --> eq.l's (~100k -...
All based off of the inefficiencies in price, biggest liquidity pools harnessing the most incentive, and enough price discovery to get retail to finally think, "You know, if Bitcoin can handle all of this?! - I'm going to miss out at $150k - $500k CRYPTOCAP:BTC , if I don't buy it right now at $80k!". Why is it going up? - How can this be possible?! Global M2...
This is my current Elliot Wave Count, we are starting the 5th wave in my opinion.
Third touch point on the pennant, the move that deviated the pennant low is a weak low (It was never swept/retested). I think there is a possibility that we revisit it if we reject off of this high.
This structure kind of looks similar in a way with how they structured this V-Bottom, then I looked at what it prints, and it generally follows along with what I think minus the extravagant price targets. But if it aligns with what you think, this might be an interesting watch over the next few months. But most fractals fail..
Ovad's idea, HTF liquidity pool shot in the darkOvad's idea, HTF liquidity pool shot in the darkOvad's idea, HTF liquidity pool shot in the darkOvad's idea, HTF liquidity pool shot in the darkOvad's idea, HTF liquidity pool shot in the darkOvad's idea, HTF liquidity pool shot in the darkOvad's idea, HTF liquidity pool shot in the darkOvad's idea, HTF liquidity...
DXY is currently setting up some traps, and setting us up for some mayhem lol
This is my thoughts on how to trap some moon boys, rek them down to the eq. lows at 25k, scare the heck out of everyone that thinks the deviation away from the S-Curve is "too much". Huge amounts of liquidity and scare tactics down there to accumulate before MIL:1M in 2030.
No stop loss is safe. Doge is inducing long's and building liquidity on the local low before it is going to be a targeted sweep for the real move to the upside.