2hr BTC 61k consolidation Vs. DXY pattern
As per my last chart, our daily timeframe on BTC has printed the sell signal as predicted when we compare with the DXY.
DXY started the triple tops on 10 June 2010 - Now BTC was started finished the triple top around 10 June 2024. You can see the bigger timeframe here
This signal is use is called the Pivot PointTrend - it is delayed. I also combine other indicators and compare to GOLD as well.
on the 2hr timeframe chart, I like to flip my chart.
We will make our way to around 61k and consolidate for about 1-2 weeks as per DXY chart comparison.
Once this consolidation phase is complete we be making and complete our wave 2 in the Eliot wave count for bear market. The wave 2 target is around the 42k zone.
Around this 42k zone is where we found support for wave 3. This is where the bulls did didn't sell the 69k tops, will think it will head back to the tops but it won't and they won't sell at wave 3 and they will continue to hold their bags to wave 4-5. And sell at wave 5.
DXY 3d chart is currently bullish, it is printed a CUP pattern as it has been consolidating /retracement since the top at 1.14. DXY will be testing the top at 1.14 and even breakout. This is when BTC will continue to sell and stock markets. Bear rally has already began.
DXY started the triple tops on 10 June 2010 - Now BTC was started finished the triple top around 10 June 2024. You can see the bigger timeframe here
This signal is use is called the Pivot PointTrend - it is delayed. I also combine other indicators and compare to GOLD as well.
on the 2hr timeframe chart, I like to flip my chart.
We will make our way to around 61k and consolidate for about 1-2 weeks as per DXY chart comparison.
Once this consolidation phase is complete we be making and complete our wave 2 in the Eliot wave count for bear market. The wave 2 target is around the 42k zone.
Around this 42k zone is where we found support for wave 3. This is where the bulls did didn't sell the 69k tops, will think it will head back to the tops but it won't and they won't sell at wave 3 and they will continue to hold their bags to wave 4-5. And sell at wave 5.
DXY 3d chart is currently bullish, it is printed a CUP pattern as it has been consolidating /retracement since the top at 1.14. DXY will be testing the top at 1.14 and even breakout. This is when BTC will continue to sell and stock markets. Bear rally has already began.
Note
Currently in short trade entry 64,350.My TP target is around 61k zone during the consolidation.
Get in again during the phase or before the breakdown.
Transaction en cours
BTC short entry 64,350Trade fermée: cible de profit atteinte
Closed my trade
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