Algo's, manipulation and conspiracies. Get ready to buy soon.

It's been a while. The way we broke down from the highs at 8500 was odd and unexpected. This bounce was expected however, unfortunately this is just a correction before we hit new yearly lows into the 5k region. This could be a good oppertunity to short again.
ETF is tomorrow, when that gets rejected/delayed or whatever this will tank again to the "all hope is lost" stage giving a good oppertunity for us to buy at low prices.

코멘트:

I have this as an endling diagonal on the longer term

코멘트:

I think this explains it all. Very confusing last couple of days.

코멘트:

So what's next? Well, we will probably hit one of these levels before a retrace. Then etf is gonna reject as it reaches support and normies gonna cry cus they get liquidated again in a manipulated market. Another chance that we already have 5 waves and we started the downtrend already, but it's too soon to sell.

코멘트:

It dumped much faster than I'd hoped. I missed the short atleast lol. It's fine we should be able to get in on the retrace.
I can only place C if we have clear bottom formation.

코멘트:

Clear algo reaction off the 6250. Now to see if we get a bigger ABC up or just a wave 4 correction. you can place short limits at ~6700 and ~6500. I would NOT long this since ETF got rejected, rather stay on the safe side. I already took my profit, stay safe!

코멘트:

as we get more info it gets easier to determen C
Short here, profit in new yearly lows.

코멘트:

don't get scared if it wicks through a little bit. Since bitmex has slightly different pivots it could go up to 6700.

코멘트:

So btc has a lot of trouble trying to get through the .5 and .217 length of A
There is a chance that C has been put im but I'm not 100% convinced. I put a partial short around these prices, will add more as we (hopefully) hit into the 6600-6700 range.

코멘트:

note that it IS around weekend right now so we can expect some shitty bart moves again.

코멘트:

Posted this earlier in our private channel.

코멘트:

Scanning through previous btc corrections I found something interesting...
Then:

Now:

코멘트:

Kind of doing that bart move again. Only It went higher than I thought, if only I'd spotted the fractal earlier lol

코멘트:

Alts are getting impatient, movement there for sure. However bitcoin is still sleeping. If it's going to break up it should do it now (today). If we go down then assume the fractal is still in play and all the altcoins made their last hoorahh (correctional wave C or 2) before much more hurting.

코멘트:

for example iotaUSD, correctional or start of new trend?

코멘트:

Well I was wrong. When the market was about to give random hidden buy walls popped up again, pushing the price of btc up 10 dollars per time. Trapping a lot of shorts without the price going down and forcing them to close. Very similar to the drop we had around the 21st just before bitmex had "maintenance". Welcome to crypto! Where one guy can shift the momentum!
Caution is advised, Because the same people are probably bulltrapping a lot of people too to buy into their shorts and just dump it on the sheep again. My bais hasn't changed untill I see more confirmation.

코멘트:

코멘트:

Only clear 5 waves up and a retrace that holds above the lows I will consider a reversal is in play.

코멘트:

Behold, the banana of truth

코멘트:

But seriously I have 2 cases. One where we end at ~7500 and go to new lows or one where we already topped out and will drop to new lows.
BUT if bitcoin manages to make a higher low after a clear ABC after the upcoming drop then I will consider being bottomed out. For now, its very uncertain if this is indeed a bottom.

코멘트:

3rd case. It ends here. everyone expects 7500 but it's not gonna happen. Fomo into smart money shorts, a big thank you!

코멘트:

everything slowing down

코멘트:

ouch!

코멘트:

Okay that we dropped was anticipated. But we dropped too much imo without making a proper bounce to form a lower high. This makes me unsure about my 5.2k target. I've seen it before in crypto where we just make a higher low here when things look darkest and then moon up. (see chart above on the left)

but 5.2k also still stands.
It's really a wait and see game

코멘트:

코멘트:

bullish: