Lord_Of_Dax_

36k? No! 38k I don't think so! FOMO before Xmas is making sense right now. 50% level since All time high is at 42k and I wouldn't be surprised to see BTC go there pretty soon as Tweeted on my very last Tweet back in March. I don't really like drawing those expanding diagonals but a blowoff top seems very likely to me, after a year of upward movement, this is my most likely pattern at the moment of writing. A remake of June 2019 will make sense. I remember that I got destroyed that month :) I'm not leverage trading BTC anymore since I decided to go all in with the Prop firm business model exposed to you last February. I'm also going to be a fund manager on Darwinex. I have opened some spot shorts under the water at 36k :) That's the game. I wish you good luck. Be careful the market is savage at the moment. CPI Data will be shaking some traders tomorrow.

This my revised scenario after spending more time on the BTC charts this morning like the old time. I haven't given much time to BTC those past 3 months as my entire focus was on day trading the DAX and SP500 BUT when I see opportunities like those, I cannot stay quiet :) BTC is looking to reverse in my opinion after a mini bull market of 340 days + I see a very nice SWING trade opportunity. I will try to ride this move to the 38.2% retracement of the entire WXY around 28k for that possible SHORT SWING PLAY or wave A (Bull case see below) In terms of ELLIOTT WAVES analysis, it seems that we have just printed another ABC in a WXY larger figure. This would give 2 possible scenarios 1/ BULLISH: We just printed a large wave A (going back to 25k region to then gong to look for 42k or 2/ BEARISH: We are going to print a new low around 14k (not my primary scenario but another catalyst or black swan event could again send BTC to lower levels).

ETF coming soon! Well well well. This is not so bullish to me and too many people are bullish right now. Technically speaking, I see a triangle formation right now and this tells me that we're about to end a larger figure (wave C) Sure we could see higher levels and many analysts start drawing a larger unfolding wave C but to be honest this is not what I'm seeing. This current move is a SWIFT MOVE and I'm also expecting an imminent reversal after that triangle plays out. Furthermore, I'm NOT DAY TRADING BTC anymore BUT I still have an interest into spot trading. I put an alert at the 38.2% level for more than 6 months already. Just take look at my last Tweet Analysis the 18th of March and you can see that I was pointing that level of confluence (36k). If I converted pretty much all my BTC into USDT, I'm now ready to start SHORTING this market as I believe that the price should return between 25k to 20k in a near future. I also could see 40k/42k or more next year with the BTC halving BUT I'm also staying open minded to a BEAR case as well as shown on the chart.

Here is another alternative for a BULL CASE scenario for BITCOIN. I'm personally out of any positions until I find a familiar pattern on smaller time frames. As I will start focusing 100% on my new project this is probably one of the last Technical Analysis post under the BTC Trading Lab. Thank you for playing alongside my journey as a trader. I will now focus on education and marketing to hopefully. Transparency is not good for this business and I learnt the lesson from it. Remember if you want to make it as a trader you need capital. Prop firms business model is the ONLY WAY to make it as a trader unless you have 200k as trading capital or you're the GOAT of trading and can flip accounts consistently. You also need a fix income form somewhere else to be confident enough to accept losing in this game. Best of luck into your trading journey. Mine stop here at the BTC Trading Lab but I'll should come back way stronger by the end of the year.

Dear BTC, it has been so many years that I've been trading you BUT you're sill full of surprise. One PUMP with significant volume was enough to through my previous analysis in the bin as I did so many times. I will be waiting for you above and you can be sure that I will get my SHORTS ready at the very first BREAK of structure but not today I guess. 31.6k and the 123.6% projection level of a wave C becomes my main target.

BITCON had a clear 5 wave up last week with a top during LONDON morning session, since then BTC has been trending to the downside. This is what I personally see for BITCOIN this week. In other words I'm expecting some other impulses to the downside.

Crazy run up for ETH. It might be a matter of time before we start a nasty selloff in my opinion. A catalyst would be welcome for this BEARISH Scenario. In terms of EW I'm counting this entire 5 waves up as a diagonal where wave 5> wave 3 > wave 1 (AKA expanding diagonal)

140 days of a BULL TREND Ending soon (Today or Tomorrow is my bet) Currently a 5th wave after a TRIANGLE. Triangles are gifts from the market indeed. as they announce the end of a trend or a REVERSAL. I'm expecting a last leg up between 30.5k to 31k that could match with the CPI Data coming tomorrow. A Sharp SELLOFF is expected to happen sending Bitcoin back to the 28k rapidly. The SHARP SELLOFF is mainly expected due the Rising Wedge formation. I'm also preparing for a potential overshot of the wedge to 31k or the 23.6% wave 5 projection level. My ORDERS are already placed right above the last high! a PRIME SETUP is coming so I will be loading 2% risk against the usual 0.5% to 1%. After this last leg up, I'm expecting at least a month and half of downtrend towards 20k. BITCOIN is definitely on of the most exiting asset to trade on the market but you also need to be very patient and manage your risks accordingly. For those reading this, I'm NOT on Twitter anymore as I lost the motivation on posting content on that platform. It doesn't mean that I completely give up on social medias and content creation. I will be looking to create long lasting types of content (videos) that will also have the potential to grow a larger community. This requires much more work but this is where I'm currently working at the moment. See you at 24.5k for the 1st STOP!

There is no much of doubt for me. We're in the longest BEAR market of Bitcoin history. With that illustration, I've used fundamental EW theory concepts to explain why BTC has a very high chance to reach 13k after a Extended 5th wave (previous ATH).

Fundamentals are not looking good and this actually perfect to end a 5-wave down move started back in 2021 Finally some good opportunities for SPOT BUY opportunities in the crypto space.