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The Path to Capitulation. BINANCE:BTCUSDT Targets : 63K BTC Cycle Top is Wave 3 of the MACRO BTC cycle 1.5 - 3 Year bear market 55K .718 retracement of entire bull run. 6.5K Bear Market bottom. This is a MACRO chart and has many wave configurations in between wave counts so please do not assume what I have laid out will result in immediate movements to those points noted. Using Elliot Wave Theory I have laid out my own for bitcoins eventual demise. The market makers do quite a good job of keeping everyone fooled, keep the masses bullish buying all the dips on the way down and turning them into bears the moment it finds a bottom pushing the traders to look for short entries at resistances. We have been sold the dream of all becoming millionaires with 250K bitcoin this cycle throughout 2020 into 2021 along with the failure of the DXY ... sound to good to be true? Even my own TD financial wealth manager believes the USD will continue falling... wont be much longer he will be managing any of my capital. (Volume has been accounted for in the Wyckoff theory) Now into my theory for what just happened and where were going. From Bitcoins fall from 63K plenty of traders have been faked out, shaken out, liquidated wondering why no more up? The herd was looking for the next bottom grasping onto every 4HR support bar they could find, yelling the 20WMA would hold up, Bullish divergence, double bottoms, sideways for months, accumulation, Michael Saylor announcing buying the the tops just before they dump.. convincing the average person with the confirmation bias they so desired that there was nowhere to go but up as their account size dwindled. All while blaming Elon Musk for a tweet and moving the market against them. Then Bitcoin dropped below 30K :O ! Lose support go short they say... well. This was enough to flip the masses to bearish after our initial A leg down has finished. Even a continuation pattern to the downside had a target of 23K right... that would be too easy and instead of giving a bounce at the May low of 30K it just tagged $1400 lower to 28,600. That was all that was needed to flip the sentiment to BEAR MARKET!!! Now we have the masses calling for 10K, 15K, 23K targets and to set bids as the market moves away from them. Every drop now will drive their confirmation bias to yes this time its going further down "See I told you !" only to find support and bounce up along this rising wedge with a target of 55K before an ABCDE sideways correction as it begins to turn the Bears into Bulls again as they see BTC finding support on the 200 D EMA. This will be the peak of the B WAVE and will result in the largest liquidation event in history. This is purely psychological warfare on traders, retailers and Michael Saylor unless he is the one who is rug pulling the market and facing margin calls on his over leveraged position of everyone else's money and his children's toy collection to buy bitcoin. If you can see it... congratulations. If you are biased and trapped in a position one way or another take a moment to step back, breathe and look at things from the opposite side. Perspective is the best technical indicator you can have not in trading but in life. Id like to give a shout out to the man who gave me a different perspective, I would consider an angel of sorts that happened to be revealed to me at just the right moment when I needed him the most. Like most angels that walk among us they are not shining icons, they are rough and ragged and they are here to judge your character on how you react to their message or image. Jesus was a damn hippie spreading love and healing and they took him out. I'm not a religious guy but a spiritual one, so you can understand my point. @BitFink Thank you for being humble and honest in your analysis, and brash to the haters. I've come to realize over the years that some may come to realize the wrong of their ways and some may not, I can live with that.
BITMEX:XBT
by mikeClarke13
31
Tweezers Top, correction is possible!A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance. A tweezers bottom occurs when two candles, back to back, occur with very similar lows. Like many other candlestick patterns, tweezers occur quite frequently. Tweezers are more meaningful as part of other trends, especially pullbacks. There are additional criteria. The first candle should have a large real body (the difference between open and close). However, the second candle can be pretty much any size. Therefore, the two candles may look quite different. For example, in a tweezers top, the first candlestick may be a strong-up candle, closing near the high. On the other hand, the second candle may be a Doji—a cross-shaped, neutral candlestick pattern—that doesn't close near the high but still has a similar high to the first candle. reference Article: www.investopedia.com
BITMEX:XBTShort
by Moshkelgosha
3
BTC's Possible Double-TOP ⚠️ 🐻 ⚠️Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BITCOIN /USDT H:4 Chart - Heiken-ashi 📌 PRICE ACTION - Fibbo - Double-Top 📍 Bitcoin may create a double-top after filling the first target of bullish-flag ✍🏼 Straight to the point, Bitcoin may create a possible double-top in H:4 and daily time-frame which can lead the price again to the 44-45k zone ✍🏼 After the vast internet shutdown and failure of centralized plat-forms such as Facebook , WhatsApp and Instagram; Bitcoin and other crypto currencies pumped big in just less than a day. ⚠️ However, from technical-analysis point of view I am just concerned about a double top at 53k price zone. ✍🏼 If the scenario 1 fails, of course BTC is going to see the 57-58k price zone more easily than everyone thinks. ⚠️ RSI in H:4 looks so much in overbought position; more than 80-85 RSI is such a dangerous zone. LINK OF MY BULLISH-FLAG TA IS AVAILABLE BELOW, PLEASE CHECK IT OUT THIS IS NOT A FINANCIAL ADVICE, IT IS JUST MY OPINION
BITMEX:XBTShort
by C_EWAVE13
2
Weakest Bulls ever..!In the past five months, Bitcoin gained 93%. However, if you compare the past five months with the previous bullish rallies, it will become obvious this last rally could not be the same as the previous ones. I believe the last rally could be compared with Dec 2018 - July 2019 period and will be followed by another decline in the price! Dec 2018 - July 201: The last 5 months: based on this comparison I believe a reversal is a more likely scenario..! Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BITMEX:XBT
by Moshkelgosha
6
Elon Musk vs Satoshi NakamotoWho Is Satoshi Nakamoto? Satoshi Nakamoto is the anonymous name used by the creators of the Bitcoin cryptocurrency. Although the name Satoshi Nakamoto is often synonymous with Bitcoin, the actual person that the name represents has never been found, leading many people to believe that it is a pseudonym for a person with a different identity or a group of people. History of Satoshi Nakamoto The persona Satoshi Nakamoto was involved in the early days of Bitcoin, working on the first version of the software in 2009. Communication to and from Nakamoto was conducted electronically, and the lack of personal and background details meant that it was impossible to find out the actual identity behind the name. Nakamoto’s involvement with Bitcoin, however, ended in 2010. The last correspondence anyone had with Nakamoto was in an email to another crypto developer saying that they had "moved on to other things." (Investopedia) Nov. 27, 2017: Elon Musk denies a theory he is Satoshi Nakamoto, the pseudonymous creator of bitcoin, tweeting here, "Not true. A friend sent me part of a BTC a few years, but I don't know where it is." In 2004, Elon Musk joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. Kimbal Musk the younger brother of Elon Musk: Kimbal Historic trade: Kimbal Musk (Elon's Brother) sold 30k Tesla shares at 856 dollars in February 2021 Elon Musk Charged With Securities Fraud for Misleading Tweets FOR IMMEDIATE RELEASE 2018-219 Washington D.C., Sept. 27, 2018 — The Securities and Exchange Commission today charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, 2018, Musk tweeted to his 22 million Twitter followers that he could take Tesla, private, at $420 per share (a substantial premium to its trading price at the time), that funding for the transaction had been secured, and that the only remaining uncertainty was a shareholder vote. The SEC’s complaint alleges that, in truth, Musk had not discussed specific deal terms with any potential financing partners, and he allegedly knew that the potential transaction was uncertain and subject to numerous contingencies. According to the SEC’s complaint, Musk’s tweets caused Tesla’s stock price to jump by over six percent on August 7, and led to significant market disruption. www.sec.gov Comparing Tesla and Bitcoin market cap of 775 Billion and 1 Trillion dollars will show us Elon Musk and Satoshi Nakamoto have had the same achievements in the past decade..! Comparing the price pattern of bitcoin and tesla in the past 20 months shows an undeniable positive correlation of the 2 ..!
BITMEX:XBT
by Moshkelgosha
1