BitCapJNY

IF THE BEARISH 5-0 HARMONIC PATTERN IS NOT VALID:BULLISH SCENARIO: THENPrice may reach $58.19K -or HIGHER. **follow up to previous idea. This fits the chart extremely well. With the rumors of a BTC spot ETF getting louder by the day, returning to the idea of Mr. Livermore's "Speculative Funnel" pattern seems appropriate. **ALL SCRIPTS ARE MY OWN EXCEPT FOR THE RSI. IF YOU WOULD LIKE TO TRY THEM OUT, LET ME KNOW BELOW**

[[SEE ATTACHED CHART IMAGE FROM 14JAN2023]]The "Potential Reversal Zone", or PRZ -is between the 50% fibonacci retracement level at $32.66Kandthe 66% retracement level at $41.51K.-----THE WHY---------[[ WHY THE 66%?]]((the primary tool in all of my technical anaylsis is the use of the "golden ratio" in forecasting 'pivots" as the 61.8% retracement level is the primary guide. The 50% and 66% fibonnaci retracement levels are simply the most favorable deviations from the 61.8% level that accurately reflect market volatility]] Synonyms of "Pivot" = "bounces", "bottom", "top", "reversals". ALL of these words essentially entail the same definition -that which the price at which the previous trend, either bullish, or bearish -changes.]] ____________________FORECAST: IF THE BEARISH 5-0 HARMONIC IS VALID: THENWe will see a price reversal, or PIVOT between the prices of $32.66K and $41.151K. THEREFORE -Price can go as high as $41.5K over the next 173 days (another +6% from current $36.472K)IF PRICE IS REJECTED AT, or BELOW $41.151K:Bearish Harmonic 5-0 pattern IS VALID with bearish price targets beginning at: 1) ** AGGGRESSIVE $19950K *OPEN CME GAP2) **** LIMIT BUY - $17.042K- - IF PRICE PUSHES BELOW $15.479K - -** 3) $12.292K [open CME gap at $11.1K]**** 4) $9.615K *OPEN CME GAP*** 5) $6.66K*** 6) $4.44K***** 7) $3.55K *OPEN CME GAPIF THE BEARISH 5-0 HARMONIC PATTERN IS NOT VALID: THENPrice may reach $58.19K -or HIGHER. THEREFORE - IFPRICE BREAKS ABOVE $41.151K IN THE NEXT 173 daysTHENWe will adjust positions to BULLISH and adjust our strategy accordingly. IFPRICE IS REJECTED AT, or BELOW $41.151K in the next 173 days THENWe will look for LIMIT ORDER FILLS at the 4 targets above. IT'S A SIMPLE. EFFECTIVE. STRATEGY. IT ONLY WORKS BECAUSE WE REMAIN RELATIVELY DYNAMIC -AND SO FAR, BITCOIN HAS OUTPERFORMED EVERY SINGLE INVESTIBLE ASSET SINCE 2010. _____________________ IT IS TIME TO START PLANNING FOR THE NEXT BULLISH WAVE. THAT MEANS SETTING YOUR ORDERS WHEN CONFIRMATIONS ARE MET -AND HAVING THE DISCIPLINE TO WAIT FOR THE NEXT FILL. **ALL SCRIPTS ARE MY OWN EXCEPT FOR THE RSI. IF YOU WOULD LIKE TO TRY THEM OUT, LET ME KNOW BELOW**BETTER VIEW3 DAY CHART3D + FIXED RANGE VOLUME VPBTCUSD 12DBULLISH IDEA: ((fits well on a linear chart too))LinearBTC 12Dtesting out some new scripts.POSSIBLE BULLISH SCENARIO:3D

The price of bitcoin is in an important range right now -a breakout above $17.334K and things could get interesting. If price pushes above the $19.2K resistance, or the downward sloping resistance -top trendline of a falling wedge pattern that began on 18JUN2022 -I would expect to see a test of the $21K resistance, with a breakout above = price headed towards at least $30K. If price breaks out of the smaller falling wedge from 18JUN2023, the measured move target is just under the $24.589K resistance and puts price above the downward sloping resistance that began on 21NOV2021 at the $69K ATH -and would be a seriously BULLISH SIGN. While I am not yet convinced that we've seen the "bottom" of this bear market, a rally from the current price of $17.2K to at least $19.2K is very probable, and if there is volume and strength behind the rise, we could see a test of $21.149K by February. Some charts are showing some bullish structure -even though sentiment is mostly bearish across all markets right now. Fed pivot en route? If they pivot in early March, then my 3MAR23 (+/- 14days) as the time frame for a BTC bear market bottom starts to see some confluence. Have you seen the DXY? My strategy RN is: 1. Buy now, prepared to sell in March. and/or2. Prepared to buy in March. colored plots on the chart are my personal scripts.

Wyckoff distribution is so very painfully obvious.I thoroughly enjoy when the big swingin 🍆's with giant piles of cash don't attempt to hide their tracks, because they don't think they need to..and normally, they don't. Most countries cannot compete with trillions of dollars in capital that's also likely leveraged.There's not a doubt in my mind that the primary driver of bitcoin to these prices is old fashioned naked short selling.There is simply NOT ENOUGH BITCOIN for these sales to happen, but when you have enough cash -you're not worried about covering your shorts.A topic for another day, but if you didn't get the "hint" in early 2018 when the newly initiated bitcoin joined the likes of paper Gold and Silver at the CME -the futures market not only drives spot price (of bitcoin ), but it damn near controls it.However -there will come a point where supply runs out -especially if and when these sellers are caught with their pants down and unable to supply bitcoin for the buyers they're "selling" to.An outcome that will likely only result in many losing the bitcoin they thought they had purchased, but unable to withdraw from the exchange -because the bitcoin does not exist.This irresponsible tactic is illegal and has been since 2008, HOWEVER -it's not illegal on the open spot market for bitcoin .We went over the possibility of a bullish RELIEF RALLY in my last post, and that’s most likely what we’re seeing here. PA has already pushed above some pretty critical resistance, but has done so with relatively LOW spot volume . (**low spot volume does NOT necessarily mean that the move is going to be rejected. Low volume + decreased supply (should) = higher prices).Bitcoin is above the 34 WEMA, which is a pretty good sign for the bulls, however -it has not yet made it up to test the 21 WEMA and corresponding $40K resistance levels just yet. ((this is also critical resistance for a Wyckoff Distribution)).BULLISH SCENARIO:- Should BTC break across the 21WEMA and through $40K resistance, then I will become a bit more bullish in my sentiment.- While a break above the 21 WEMA is definitely a great sign for the bulls, if they cannot push the price above the $52.255 price area, then we will likely see the price head back down towards $30K, possibly lower.- A break above this price level would be EXTREMELY BULLISH , and bitcoin would likely break $70K very quickly.BEARISH SCENARIO:- A rejection at either of the two resistance areas mentioned ($40K and $52.255K), then a move back down to re test lower levels is likely.- There is a TON of confluence at the $22K price level ($21.724K)- There is also a bit of confluence...all the way down at $9.615K.Right now it's just a bunch of observing. Waiting. Planning -looking for a "tell" one way or another.A move ALL THE WAY DOWN TO $9.6K would be the greatest gift and should it fall down that far, we'll be ready.ALSO -keeping a lot of my coiniage on exchanges at this point in time does give me a bit of anxiety, so positions are adjusted for risk -but still set up nicely should this thing resume its regularly scheduled bull run.MEANWHILE -a BTC move up towards the $52K price area, followed by a rejection and move lower -would be INCREDIBLY bullish for ALT COINS, but we will see.Traditional markets look RIPE for profit taking.- TNX is falling sharply- DXY is about to breakout- SPX , DJI -all look like they're (finally) losing some steam.I see the DXY getting anywhere from a 3 - 9% bounce, both of which would require a massive liquidity event.. and the only place I see that much cashish coming from are the old traditional stonks.BTW... HAVE YOU SEEN THE GOLD SPOT CHART? on the WEEKLY or MONTHLY? HOLY MOLY -That's a MASSIVE cup and handle (i'll post a chart after I publish).I think the signs are pretty clear, but I learned a LONG time ago to check my "confidence" at the door -but this one is staring us all right in the face.Some days to note: June 21, June 25, and July 12.June 21 and July 12th are astronomical.June 25th is the QUARTERLY CME Settlement date.It's gonna be a really neat month.What are you all seeing? Are you bullish? bearish? Neutral? why? Intelligent thoughts and opinions welcomed!CheeriHO

Should PA break below $32K with volume, then I'm seeing a lot of confluence at $21.872K and $16.141KWURST CASE SCENARIO (or best, depending on how you look at it): $8.871KIDK about you guys (n gals), but I've been waiting for an opportunity like this ALL YEAR. Some important dates to consider: June 7, 10, 14, and 21. Venus Mars Conjunct July 12. CheeriYO. "it's happening.."

A lot of coincidences in juan chart. $367.7K is a spicy top. Bring on the hot sauce. Hidden bullish divergence AF on high time frames. Patience. FibO nacci