ComeTcrypto
Short

WARNING : You will not like what i have to say.

BITFINEX:BTCUSD   Bitcoin / Dollar
Hello guys, a lot of people are asking me for a new chart. I have not a lot of time theses days so here is again a really simplify one.

Everybody on tradingview and on youtube have seen the formation of the obvious symmetrical triangle, everyone is talking about this from days now. A magic triangle that will save us right ? BUT, permanent bulls and crypto oracle are missing something. The big deal is the triangle is forming from the FAIL breakout of the first ABCDE descending triangle (Do you remember ? Yes, the triangle who should push us to new high in "NO FUCKING TIME", fractal , en route to 100K, blabla). But the reality is in this case the symmetrical triangle is calling B wave of an ABC major cycle correction. And what's is going on after the B in a ABC ? Yes obviously a C wave.

So what the target behind this count ? Well the normal target of the wave C should be under 0$. Because i'm true BTC believer and crypto enthusiast in contrary of what most of people think, i have look for 3 strong support line that could potentially HOLD the market.

First one around 4K9 will be an agressive buy for me to play a decent rebound before a new dip.

3K and 1K1 are more strong support. And market should find a bottom on theses ones, but it's way too early to speak about this.


Some reliable indicators :

Weekly RSI :
https://s3.amazonaws.com/tradingview/sna...

Bearish divergence on weekly MACD : https://s3.amazonaws.com/tradingview/sna...

One day this monster monthly MACD need to cross : https://s3.amazonaws.com/tradingview/sna...

Weekly CMF look for a reverse cycle : https://s3.amazonaws.com/tradingview/sna...


We may bounce too 7k8 or 9k to finish the triangle but i would personally take any countertrend trade in this market. My short from 9K8 is doing well, so i'm just patiently waiting.


I'm not a financial advisor or a prophet i just draw you the most probable scenario. Do your own research and trade at your own risk !

All crash and correction end one day and i can say you when BTC will find a bottom it will be probably the best opportunity in your life of investor.

Have a nice week, Cheers !
May 31
Commentaire: no countertrend trade*
Jun 08
Commentaire: Hello everyone, i hope everybody here is fine.

Sorry for the 1 week without update but i had no time for myself. But above all there was nothing new to say.

As most often in a triangle, we are in a crash of volatility near the Apex. So we need to wait a breakout to confirm the trend.

For now bulls can't come back over the 50 weekly MA, for the first time in 4 years : https://s3.amazonaws.com/tradingview/sna...

Don't like to compare different crash of market but this time it's very explicit so forgive me :

https://s3.amazonaws.com/tradingview/sna...

Best thing to do in this market is to wait the breakout with spike of volume. People in position now can hold them position with a stop loss over or under the break out (depend if you are bull or not).

By the way the target remain the same, as i explicated it over, symmetrical triangle in this type of ABC pattern breakdown most often.

Cheers !
Jun 08
Commentaire: 4h chart is under a consistent resistance, if bulls can break it they will probably rush to 8k or more. But for now they are failing and have no volume.
Jun 08
Jun 11
Commentaire: Hey guys so what's up here ? As you can see bears are back in town for real. 1k loss in 24 hours is not something bulls want to see.

As i expected (symmetrical triangle will save us blablabla) Wave B is nearly done with this breakdown of the triangle, more or less confirmed by volume.

You can see the resistances and supports i gave you many times still working : https://s3.amazonaws.com/tradingview/sna...

But i'm not here to gargle me.

So what's now ?

The price is finding a temporary support at the current price. He is supported by Andrew's pitchfork median and by the hope of a triple bottom (we are more or less at the same price than the 2 others times). BUT I DONT TRUST TRIPLE BOTTOM, and you should not. Really, i think triple bottom on daily chart reverse the trend maybe 15 or 20% of the time. This is a very weak pattern, even weaker than double. I'm not saying it can't support but it's highly unlikely.

So this short-term support could make us retry the breakdown of the triangle near 7K, and that would probably be the most bearish scenario if bulls can't reintegrate it. Because ALL the shorter who miss the dip and even the others one will take or reinforce short position at this level. This is a strong technical price to short the market without risk (you have just to put a stop loss few dollars over the precedent support line of the triangle).

My first target of 4k9 is ready, it will probably take some weeks (if the bulls have some power). Let the fun begin.

Have a nice day everyone.

And don't forget, at the end, BTC will survive. BTC always survive.
Jun 19
Commentaire: Really nothing new, that's why i'm not making update. For now we are in a range : https://s3.amazonaws.com/tradingview/sna...

I would recommend no trade in this zone. If you are scalper then you may sell the top of the range and buy the bottom, but i don't find this very interesting. Wait for a breakout of the range to take a position. If we manage to break up then we will retest the break of the symmetrical triangle as i expected a week ago. If we breakdown then we are probably going to new low. In both case my targets remain the same, just be patient. Patience is the key in a crash market, it rewards real investor and professional traders and make speculators and novices leaves.
Jun 26
Commentaire: Hello everyone, it looks like it's time for an update !

SO as i told in the previous one, i would not take any trade in the range i have pointed out. You can look buy yourself why now. So we breakdown the range and fall to the exact target of my precedent chart :



You can play it and see by yourself (If i remember well someone say me he will eat his dick if the price rebound from my C point after i have called for the exact top too, i'm looking for this guy). So i have closed it with target reached, and i'm enjoying my +40% leverage x3 as you all know. I hope a lot of people here have made some monster profit too with it. I always wish you the best.

So what's now ??? 5750 was the bottom ? I think there is less than 10% chance it was. But as expected it was a short-term bottom with already a +12% bounce (not bad for a little counter-trend trade, but i have don't take it, just liquidated my short position at the bottom). Of course i have an other short position since we breakdown the triangle and that's why i have made this chart some weeks ago.

So lets talk about the present chart with some methodic approach. I will go from monthly to hourly.

First : Monthly MACD will cross at the end of this month if we don't bounce really stronger in the coming days: https://s3.amazonaws.com/tradingview/sna...

Secondly : The weekly shows the continuation of a classic crash market : we make lower highs and lower lows, it's a simple rule but every trader and pseudo analyst should take care of this before propose any other type of TA. That could have helped all the moon-callers and perma-counter traders to avoid huge amount of losses ("This market is bull, the downtrend is broke, bla bla bla") : https://s3.amazonaws.com/tradingview/sna...

The candle of the previous week shows that after a strong downtrend, the bears needs some fuel and the market is undecided for the short-term.

Thirdly : On the daily chart you can see we have broke a MAJOR support, and he should now act as a super strong resistance :

https://s3.amazonaws.com/tradingview/sna...

But show some divergent signals for short-term :https://s3.amazonaws.com/tradingview/snapshots/5/555k5aq2.png

Lets talk about hourly now :

4 h chart : You can see the Andrew's pitchfork i gave you nearly one month ago is working incredibly well, that one of the reasons why i have not make so much updates, you could just have looked at it to identify resistances and supports : https://s3.amazonaws.com/tradingview/sna...

When we have breakdown the major range i have pointed out in last update we have formed a massive zone of resistance. The price can be rejected of this zone at pretty any point.

1h chart : This chart is the most bullish one. With a potential inverted H&S and a decent Elliot Wave count. You all know the 1h chart is the weaker chart in a trend, so don't take it too seriously, but it's something that can be played if you are trying to buy this market (with a stop loss just under 6000) : https://s3.amazonaws.com/tradingview/sna...

We are just under a resistance so wait for a better entry point. And understand that's it's NOT a reversal chart. Just a short-term potential view.
This bullish count could make us at best retest the triangle we broke down some days ago : https://s3.amazonaws.com/tradingview/sna...


I hope everyone is fine and much richer than before ! Don't forget to follow to be update and to put a like if you enjoy the work. I wish you an happy weak.

Cheers.


(As always i'm not financial advisors, i'm doing it for my personal trading and entertainment, etc...)
Jun 27
Commentaire: Most bullish scenario update : As you can see the EW count of the 1h chart is totally in play now. We nearly exactly touch my wave 2 and the MOST AGGRESSIVE bulls traders can try a counter-trend trade at this price (or just over 6130). Stop-loss nearly 5900 because of the massive ratio : Stop-loss make you loss 3% for a potential gain of 20% : https://s3.amazonaws.com/tradingview/sna...

AGAIN it's just the 1H chart, and i post it only because some bulls are searching for an entry point. You need to be a confirmed trader with a nice risk management for this type of trade. The GLOBAL market remain bearish in all others time frames. I'll probably not personally take this trade (or with a mini % of my funds) because i prefer follow the trend (that's mean short the resistance in a bearmarket) it's how i survive when others trades die. But the risk/remain ratio is interesting so i post you it. Have a nice day everyone.

Again i'm not financial advisor, i'm doing it for my personal entertainment.
Jun 27
Commentaire: Take care for the rare traders who have take a buy trade, there is a potential long squeeze on the 1h chart : https://s3.amazonaws.com/tradingview/sna...


I have time today so i'm making some advice for intraday trading. Will have probably less time in the coming days.
Jul 02
Commentaire: So it's look like my bullish short-term EW count is still in play (we should be at the wave 3) even if the have retraced lot more than usual.


However I will call this a deadcat bounce unless we weekly close over 7K4 :

https://s3.amazonaws.com/tradingview/sna...


For 4h perspective :

https://s3.amazonaws.com/tradingview/sna...

I'm looking for a 0.886 to confirm a potential bat pattern + We are still in a potential bearflag.
Jul 04
Commentaire: You can see as i expected in the last update we slightly reverse : https://s3.amazonaws.com/tradingview/sna...

My first support is holding for now. It's an important one, if bears manage to break it again things could accelerate.
Jul 09
Commentaire: Weekly WMA fibb-related "death-cross" happened : https://s3.amazonaws.com/tradingview/sna...
Jul 17
Commentaire: I'm not a big fan of inverted H&S but this one is pretty well formed on daily and hourly base (first real time since the beginning of the downtrend) : https://s3.amazonaws.com/tradingview/sna...

Neckline is at 6800-6850. Possible fake breakout to 6950. If the pattern is rejected, i anticipate the breakdown of our channel and the quick acceleration of the downtrend.

BULLS IT'S NOW OR NEVER !
Jul 17
Commentaire: Damn wrong link, here is the good one :

https://s3.amazonaws.com/tradingview/sna...
Jul 20
Commentaire: BTC is retesting the Apex of the massive triangle combined with the 120D MA who reject the 2 precedent top, if we are reject with volume for here it will be the most bearish scenario possible.

However the multiple indicators (RSI, Stochastic, MACD, CMF, and fib WMA) are in pretty neutral to bullish case for once. The ALTS are losing momentum against BTC and that the first time since a long time of this bear market :

I don't think we are out of the bear market for now, but it's looking to early to me to short the market again, we could potential extended this correction to 7K8 or 8K2. For now the main thing i can say is Patience and HOLD your current position.
Aug 22
Commentaire: Hello everyone ! Guess who's back ! Sorry for the nonexistence of update, i was in holidays during one month. So what's now ?

You can see we have get our pull back of the triangle with a little extension of the apex : http://www.forex-central.net/chart-patte...

Everything is fine, even if the extension normally imply a reduce of the final target, (the initial target was 0 so no problem for my supports levels here).

Now we just break out the 2 weeks range with two possible scenario : https://s3.amazonaws.com/tradingview/sna...

If we can rebound on the current level we will confirm the breakout and try to establish a normal short squeeze (bears say thanks to all the idiot overleveradge gamblers who short a support which is not break yet) to 7K2. The other scenario is the current level (6650) fail to become a support and we are back in the range : remember after a fail breakout of a range, there is most of time a breakdown of it with could imply a target as low as 4900-4400 area.

Good luck everyone, and i hope you have enjoy some holidays ! Cheers.
Aug 23
Aug 23
Aug 28
Commentaire: Looks like the range had evolved in bear-flag :

https://s3.amazonaws.com/tradingview/sna...

I don't think it's a reversal sign, the rise is steady but the extension of the waves can't pass 1.23 (for now 1 is making resistance), that's just mean the initial sideway range have evolved in bear-flag.

https://s3.amazonaws.com/tradingview/sna...

An extension to 7050$ looks possible. The count will be invalidated if we can break strongly above 7200$ and maintain the level with a weekly close.
Aug 28
Commentaire: Fib is your friend : https://s3.amazonaws.com/tradingview/sna...
Sep 06
Commentaire: This beautiful : https://s3.amazonaws.com/tradingview/sna...

Guess who's is making more and more money ? You are probably too if you follow me since December !

Enjoy the rides guys. Target remain the same :).

A little thought for our ETH friends holders. But i'll not lie, i'm enjoying my profits and i have warned for free everyone :


Please show me your support for new charts ! Kill the likes and don't forget to follow my friends !
Sep 17
Commentaire: THIS BEARFLAG IS SICK : https://s3.amazonaws.com/tradingview/sna...

Could be the time we were waiting for. Don't forget a bearflag works only WHEN the bottom line BREAKDOWN.

Have fun everyone. Don't forget to show me support and ask me if you want some new chart ! Good training day !
Sep 19
Commentaire: Excepted bear-flag in the update finally breakdown : https://s3.amazonaws.com/tradingview/sna...

Bulls pray for your support or it will brutal.
Sep 22
Commentaire: The bearflag end in bear trap. I Have made an important update on my LTC/USD trade here :

I'm waiting some more signals for BTC.

Will keep you update.
Sep 28
Commentaire: Décision time : https://s3.amazonaws.com/tradingview/sna...
Nov 20
Commentaire: First target reach. No bounce on the first support, 3k area is likely.
Dec 30
Commentaire: We have reached my support area, predicted 7 months ago. You can see BTC is trying to form a bottom with an inverted H&S:

However, I think the resistance area between 5500 and 6200 will be very strong. So after this pattern, we should see a last wave down. 1K1 remain possible.
Jan 06
Commentaire: Updates are now here :
Jan 21
Commentaire: Educational content for people who understand french :
It took way longer than previously imagined, but it seems that you are right here
Répondre
So what is the deal here? You're the last person not bullish. Is this thing gonna shit the bed or is it going to $12k by year end?
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Bored now ...
+1 Répondre
ComeTcrypto AndrewBth
@AndrewBth, no, just let it time :)
Répondre
WOW I expected bullish impulse these days, I just didn't anticipate this kind of fakeout first. Looks like manipulation on Mex is at it's best - big boys bears AND bulls are the same group, just messing with retail and other smaller whales.
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ComeTcrypto mxpwladimir
@mxpwladimir, Short squeeze.
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emma.g.lovell ComeTcrypto
@ComeTcrypto, looks like it support held. I Wish this thing would just crash so we can get it over with.
+1 Répondre
ComeTcrypto emma.g.lovell
@emma.g.lovell, me too man... but would be too easy, market need to fuck the most possible people before go down. When amateur speculators are shorting a support who is not break yet, it's almost impossible for the price to go down... So wait and see.
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mxpwladimir ComeTcrypto
@ComeTcrypto, I'm betting that market-makers have different plans for this Q4. They had multiple perfect opportunities to crash it, but they didn't. I rather think we already stepped in disbelief phase. When looking at many telegram groups, noone has bought in, everybody expects another crash, looking to short more... I think it fits the picture for next big upward move, people shorting below resistances and then some lambo candle, not going back. When you think about it, exchanges have vast majority of coins (I estimate 90+%) and what will make them richer? Having cheap coins or expensive coins? Uptrend = more dumb money = more volume = more fees = selling overpriced coins = big profits.
+1 Répondre
have a nice day thanks 4 update
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