BTC has traded off the 1.27 of the current topping swing and held a retest of the previous structure.
I find these are things commonly seen in a prelude to a 1.61 break. Clean breaks of 1.61s are rare but many of the times they do happen the pullback comes from the 1.27 - this sort of "Loads up" the momentum for the break.
Not all 1.27 bounces produce clean 1.61 breaks, but if this one did - would be a bad implied result for BTC.
Would imply a dump to 45K. Rally from there, but this ending up as just a retest of this level.
A follow through leg ultimately taking out the 2022 lows, eventually.
I find these are things commonly seen in a prelude to a 1.61 break. Clean breaks of 1.61s are rare but many of the times they do happen the pullback comes from the 1.27 - this sort of "Loads up" the momentum for the break.
Not all 1.27 bounces produce clean 1.61 breaks, but if this one did - would be a bad implied result for BTC.
Would imply a dump to 45K. Rally from there, but this ending up as just a retest of this level.
A follow through leg ultimately taking out the 2022 lows, eventually.
Nota
Antidotally, after many months of ignoring my posts - the bulls are now back calling me an idiot.We have about an 80% occurrence of a major high when that happens based on my rough estimate.
Nota
For a while under 80K we briefly got back to a point where I put my notifications back on here and about 7/10 of them were worth reading. We're back to the more common 2/10 now.
Just a note. Price is 88,200. We'll review later.
Nota
Sell off from resis. To TV trolls indicator logs another good entry.
Nota
Simple one on the TA. I don't really use trendlines, this was a basic 76 trade. Nota
When the lower highs hold, and the 76s hold ... and the trendlines hold. Generally things seen in a downtrend.
Now we wait to see if we get a new low to continue the technical development of the downtrend.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.