Have spoken a lot more about this while it was setting up in this thread:
Here's a few more thoughts:
1 - BTC has always held the retest of the high in successful breakouts. The only instance it never was the start of the 2022 bear move.
2 - If BTC drops to under the low last a pending bull butterfly will form. If this fails, it predicts capitulation to 40K are.
3 - If the butterfly failure move happens, we might have seen waves 1 and 2 of Elliot and be heading into a trend reversal.
All of these things pick up a lot of merit under 60K.
Really critical support levels here for BTC. Could become a real mess if they break.
As a caveat warning, we do still have some potential for a stop hunt butterfly spike. Looks a bit less likely now but should never be ruled out.
Here's a few more thoughts:
1 - BTC has always held the retest of the high in successful breakouts. The only instance it never was the start of the 2022 bear move.
2 - If BTC drops to under the low last a pending bull butterfly will form. If this fails, it predicts capitulation to 40K are.
3 - If the butterfly failure move happens, we might have seen waves 1 and 2 of Elliot and be heading into a trend reversal.
All of these things pick up a lot of merit under 60K.
Really critical support levels here for BTC. Could become a real mess if they break.
As a caveat warning, we do still have some potential for a stop hunt butterfly spike. Looks a bit less likely now but should never be ruled out.
Not
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.