JonGalt_

JonGalt_

Expanded flat coming to bitcoin -- 10-14K area will be BUYS .

JonGalt_

Expect a breakdown to 10-15K within the next 12 months on bitcoin ... I will be accumulating alts and btc at that price range.

JonGalt_

Bitcoin forming a classic expanded flat pattern (Elliott Wave Theory)

JonGalt_

My thoughts: 1) RSI trendline not yet reached. Each time the trendline was hit during this bull market, a local bottom was reached. 2) Fibonacci: 38.2 percent retracement has not been reached during this Elliot Wave 4 3) Major Trendline flip: We have not touched the trendline as support before we bottom during this wave. I am expecting a dump sometime next week...

JonGalt_

Bullish as I think there will be a blow off top at 100-115K this cycle. We seem to be in a wave 4 correction pattern. It looks like we have one leg lower to test the trendline of the weekly RSI. My guess is we are going to have a running flat correction where 60K will be tested one more time after we rally to 73K. I am guessing we start breaking ATH again some...

JonGalt_

Based on the technical structure of bitcoin, I do not think the bottom is yet for bitcoin (wave 4). There is a major trendline that I believe we will retrace and retest before the bottom is in, which seems to be around the 55K area. This trendline has dictated a key area between the bull market and bear market in the last cycle. The RSI on the weekly timeframe has...

JonGalt_

Looks like an exhaustive move, with a pullback to 60-61K likely in the next 3-5 days. A higher low will be established, and the longs take it to ATH from there.

JonGalt_

Meme mania...my fav is BONK ... weekly chart showing descending wedge on the weekly timeframe RSI... Looks like a breakout is imminent within the next few weeks.

JonGalt_

VWAP, 200 sma, and lower trendline all lining up at around $2700...that might be a local bottom for the crypto market.

03:47

JonGalt_

Keep an eye on two important trendlines on the log chart for bitcoin...the bottom of this bear market could be at the 8K mark

08:07

JonGalt_

Watch my video for my reasoning why Bitcoin can get under 10K in the next year. With a potential recession looming, this scenario should not surprise anyone.

04:17

JonGalt_

I am still long-term bearish (6-12 months) on bitcoin, but we have reached 25K which will act as support once again. We are in neutral territory right now. For the bears to retake control we need to rally and test 25K one more time within the next 2-4 weeks.

03:22

JonGalt_

Look at the weekly timeframe and your indicators to find future divergences that could set up for entries. Bulls are going to get destroyed in the next 12 months.

JonGalt_

Been bearish on bitcoin since this last bear market rally...ascending wedge has been broken...still expecting a rebound to 29-30K one more time before a bigger failure.

04:12

JonGalt_

Bitcoin's charts are looking bearish both on the daily and monthly timeframes. Look for a move towards $25-26K over the next few weeks, and then some stabilization in that area for a period of time. I am expecting a move to 10K over the course of the next 7-10 months where I think the bottom will be made.

06:07

JonGalt_

Bear market rally may be over. Watch the video for updates on where bitcoin is going.

06:23

JonGalt_

Bullish and bearish scenarios for bitcoin laid out. Enjoy.

04:19

JonGalt_

Keep a close on the MACD divergence that could set up with SHiba.