i'm not convinced that crypto has finished this wave 4 correction, in fact - i am willing to place a large bet against this ponzi when the time comes 😅
take a look at this chart dating back to 2013:
every single correction we've ever had in the history of bitcoin has tested the weekly 200ema before resumption to the upside.
you know what is in perfect confluence with the 200 weekly ema?
the organic wave 4 algo target.
dead cat bounces are fun, but they are short lived - what follows after though, very few ever expect. the majority of the population trade using their emotions & get overly excited due to the large short term gains they experience 😁 (i know the feels, no hard feelings).
--
my downside target is 22k, we could see a wick get as low as 15k for a quick liquidity grab due to the over leveraged long liquidations.
this will put in wave 4 on a higher degree
my upside target from there is 120k (at the bare minimum).
ps. short term bearish, long term very bullish.
ps2. this will be The generational buying opportunity if you know exactly what to buy and when 😉.
best of luck to all 💸
take a look at this chart dating back to 2013:
every single correction we've ever had in the history of bitcoin has tested the weekly 200ema before resumption to the upside.
you know what is in perfect confluence with the 200 weekly ema?
the organic wave 4 algo target.
dead cat bounces are fun, but they are short lived - what follows after though, very few ever expect. the majority of the population trade using their emotions & get overly excited due to the large short term gains they experience 😁 (i know the feels, no hard feelings).
--
my downside target is 22k, we could see a wick get as low as 15k for a quick liquidity grab due to the over leveraged long liquidations.
this will put in wave 4 on a higher degree
my upside target from there is 120k (at the bare minimum).
ps. short term bearish, long term very bullish.
ps2. this will be The generational buying opportunity if you know exactly what to buy and when 😉.
best of luck to all 💸
Trade active
i hope the moon boys remember this postonce we get into the local golden zone to complete this mean reversion, it's game over in the short term ;)
Note
btc.d getting ready for the flush too
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.