HotsauceShoTYME

The channel BTC goes to and stays in once this harmonic completes will tell you where BTC will go

It's at the limit I allow for AB retracement but it barely fits. The 103k D leg lines up with the channels and the MA's and EMA's moving up. The twin Tweezers on the weekly says we have some more downside.

These are my eth targets. I think 7.8 is the most likely target. Most of these are 618's of a fib

Last week I published a thesis that #Bitcoin might be in a #Wyckoff re-accumulation pattern and we had an ugly ass inverse head and shoulders forming as a part of it. Well know that test on the creek formed a BC leg of a possible Deep crab. 1.618 is ~117k. Lots of confluence

I might have been entirely wrong about BTC. Are we finishing a re-accumulation pattern and about to markup? Ugly inverted dandruff forming with the Wyckoff structure. Lets see what happens #BTC #BITCOIN #WYCKOFF

#BTC just moved out the supply/demand zone via an upward channel on declining volume to make a new all time high. Came back down to test that supply demand zone and failed that test to no surprise from me. It moved back into that zone and tested another breakout and failed that as well again to no surprise. On top of that, the RSI failed the test of the bullzone and is now below the EMA and looks like it will fail that test as well. The good news is BTC appears to have established its trade range for accumulation and will present opportunities for traders and buy and holders. #BTC #Wyckoff

Bitcoin has been in ana scending channel for a while but ever since the new all time high, some things make me doubt we see a continuation of the bull trend in the near term. -Volume has been declining the entire length of the channel -We saw a bump in volume but the effort didn't match. A lower volume red candle had the same impact on price. -The new all time high resulted in a third touch of bearish divergence on the MACD. Also the MA's are showing bearishness. -The RSI fell below the EMA and is now looking like it's resisting breaking through. We are clearly in a supply zone and all signs point to absorption and distribution taking place. 104k is the next level that will offer any significant support.

I discovered this a month ago but did not publish for some reason. That descending trendline breaking is what I have been waiting on for weeks. Would love to see a backtest of the trendline before completing the harmonic.Looking at a perfect backtest of the trendline breakoutThe trendline has shown support and its formed a bull flag. The measured move off that bullflag coincidentally ends at the target off that harmonic and another trendlineTime to see if we get a reaction from the completion of the harmonic.

Posting to track if this plays out like my SPY Crab pattern did. There are trendlines converging as well and its the 1.236 of that last down move. Rule of 3. I don't believe in coincidences.

Not Financial Advice. Looking like a bearish bat that completes around a line of resistance. I don't believe in coincidences. Publishing for tracking purposes #BTC #Bitcoin