TimMILLionS

@CJ900X And ETH count too please.

@CJ900X Would appreciate your comments (no need to be kind) on this attempt of potential PA. Thx

Looking for lower, then higher, on $BTC and $ETH Unsure if we drop as far as the blue demand zones marked, but I do think we take out the purple lows. Gm

@CredibleCrypto Thx. I am expecting a HL in that Range low box first.

Yes $CVX should follow if $CRV starts making some moves here. First target for $CVX would be around $3-$3.50.

@decodejar @StockmoneyL Wish the TF on this was defined. The past 96 hrs for #btc has been exhaustingly boring to say the least.

@TimstaMills @StockmoneyL It could be, hence consideration of both, but just noting that schematic 1 is more common.

I think this is the correct approach and agree with the idea that Bitcoin is in accumulation and has likely just completed ST in Phase B. I discussed this in my previous newsletter DN18. One thing I think is worth adding to @StockmoneyL's post here is that there is a second schematic that does not see new lows, and we should consider both options, although I am in agreement that schematic #1 is most likely. It is the most common outcome of the two.

@sharknet0110 @bensmithrugby Yup and remind him how many players Rassie used in that process. Absolute genius.

@bensmithrugby Benny boy. South Africa 🇿🇦 has become the first nation in rugby history to defeat every Six Nations team and every Rugby Championship side within a 12 month period. The world number 1 Springboks completed this historic achievement with a 42-28 bonus point victory over Scotland.

Who’s going to tell them?

@TraderJBx Many thanks. Great take. Much appreciated. Imo I'm looking at the second scenario, esp with the FVG on DTF.

$ETH We’re at a very interesting juncture on the 12h chart. From the June 26 low, ETH is printing a clean impulse, which could lead to believe that a relief rally or the next uptrend has begun. But zooming out, we can see that the June 26 low sits at a similar level as the June 6 low, and both preceding waves look like zigzags (ABC), so the entire move could be forming an inverted flat correction. If this is correct, ETH is likely to first take out the liquidity above recent highs before reversing. That would open a short opportunity targeting the equal lows zone, essentially completing the final leg down. This scenario would align with BTC sweeping the $65.6k liquidity first, then rotating lower to take the $61.3k liquidity (ideally printing a higher low) while #Ethereum sweeps its own equal lows.

@CJ900X Nice spot. Well done 👍

Will the same pattern repeat? 1) Double histogram divergence on the Weekly MACD 2) Sideways accumulation phase with positive histogram (3/4 times) We shall see. $BTC - HTF

@CJ900X Perhaps this too? Then down?

Still long and *yawn* strong. Still wouldn't be surprised if we raid the lows in purple though. Aiming for 67-69 keks $BTC

@johannesmkx This is the same country that taxes unrealized gains so I'm not surprised. Always was and will be below sen"sea"ble

The proposed 100% inheritance tax situation in the Netherlands: Parents A save 100,000€. But then they spend all of it on a multi-year cruise holiday, leaving only child A nothing. Parents B also save 100,000€, but they pass it on as an inheritance to their only child B, to help buy a house. The Dutch state wants to tax Parents/Child B 100% tax on the inheritance to pay for immigrant housing. How is that fair?

@TraderJBx Moving below $57.8k would invalidate this count. So I am looking for an impulse off the imbalance (4HTF) to confirm this descending contracting triangle.

@TimstaMills If this were a triangle, it would need one final downward wave below $57.8k before turning higher. The final wave of an impulse is never a triangle—they precede the final wave.

$CVX Hadn’t posted an update because the price is following the forecast shared in the quoted post, but I just checked the lower timeframes and spotted a beautiful impulse off July’s low. Really nice to see because now CVX is joining CRV in impulsive price action. If the impulse origin holds, we should see a powerful move back into the accumulation range in the coming days. #ConvexFinance

@CJ900X Gap filled..

Can’t believe an rsi bull div on oil started the war again

@CJ900X Did it ever actually stop?

@decodejar They needed that after being thrashed at Ellis Park by the Bokke

Mexico vs England 👀

@rektcapital Until it doesn't

#BTC The game plan is now under way Bitcoin is currently relief rallying towards the 50-Month EMA (purple) in an effort to fully confirm the breakdown In other words, Bitcoin is repeating price action from the Bear Market Summer of 2022 $BTC #Bitcoin

@pataderp @DMPR_ZA Exactly 🤬

Happy to be wrong here, but if we look at ZAR:L Brent crude, and track it against fuel price, we are getting royally fucked. Diesel is around R25/L, but when oil was the same price previously we were at R18/L. @DMPR_ZA, can you explain?

@TraderJBx This is brilliant. Thank you

$CRV If $0.17 marked the start of the HTF impulsive uptrend, early June’s wave 1 advanced +56% to $0.2655. Wave 2 has retraced -31.68% so far, equivalent to 88% of wave 1’s length. When wave 2 retraces this deeply in an impulse, wave 3 is likely to extend. To estimate an order of magnitude for wave 3 and avoid exiting a trade too early, I apply a mathematical formula based on the Elliott Wave Principle’s equality guideline. Let’s assume wave 4 will retrace a similar percentage to wave 2. In an impulse, wave 4 is not allowed to enter the price territory of wave 1, then the goal is to find the minimum wave 3 top that prevents wave 4 from closing back into wave 1’s territory if it retraces the same percentage as wave 2’s. Formula used: Wave 3 top = wave 1 top ÷ (1 – wave 2 retracement %) With wave 1 top = $0.2655 and wave 2 retracement = 31.68%, then: Wave 3 top = $0.2655 ÷ (1 – 0.3168) = $0.3886 This means wave 3 needs to push beyond ~$0.3886 for wave 4 to be able to retrace the same percentage as wave 2 without closing back into wave 1 territory. The attached chart illustrates this relationship visually. Wave 4s in this market often retrace more than wave 2s. Therefore, $0.3886 is a conservative target for wave 3 if this is the case. If wave 4 retraces less than wave 2, then wave 3 could top out somewhat below this level, but it’s still a good estimate. Combining the above calculations with the chart context, and assuming (again) the HTF impulsive uptrend is already underway, wave 3 could top inside the $0.33–$0.45 supply zone, and wave 5 could take out the liquidity at $0.4578. #CurveFinance

@CredibleCrypto Has the meme apocalypse aka your video from ages ago been realised or is there still room for more tragedies my friend?

This is the never-ending story with memes and it will always be the case, more-so in a limited liquidity environment like we have now. There is ALWAYS a "new meta" and attention is fleeting. When the only thing to differentiate your meme from the next is attention, there is no reason for holders to actually hold long term, and most will end up losing. Trading is a zero-sum game. Every time there is a "new runner" in the meme space, there are stories of some guy who got lucky (or more likely was an insider, or had bundled the launch) at the bottom turning 2k into 500k. That $498,000 profit didn't appear out of thin air, that is $498,000 that will be lost by a thousand others who rolled the dice (again) on a coin with zero fundamental value because they decided to gamble and chase the latest "meta". And the guy who made that half a million? If he didn't play fair to begin with (aka was an insider or bundled wallet) he isn't going to "spread the wealth" by apeing into other memes and "reviving the trenches", he's going to cash that money out because he knows the only reason he won big was because he rigged the casino. He's not going to pump "your" meme coin next. And with each and every new meme "runner" that comes and goes, more and more liquidity get's extracted by a select few while the majority keeps tossing away their money and then wondering what went wrong... At least in a casino the "house" only has a 2-5% edge, in the trenches the "house" edge is probably 10x that, and YOU are the liquidity.

@decodejar Could we just pull the fking bandaid off already.

I'm quite happy with the 50s.