For once, I'm actually hoping for a big drop. Usually I hold too long and miss out on the big gains. This time I took profit. Hopefully it was the right decision.
In the worst case you will buy back at a small loss on an inevitable retest. That loss should be nothing compared to your profit if you were positioned good
@hellshire11 I don't have a concrete plan other than taking profit, so I guess you're right, but I'm always looking to buy the dips. Only if it kept going to 120k, then I would feel like I made a bad decision.
If you have been trading like that you missed altcoin season or so they call it. This time has been different, its like we have to get alts as btc is low too.
Wouldn't it have been a good idea to compare the volume spikes with the later stages of the previous bull-market rather than the early stages of the current one? The behaviour is different in the peaks of the market (more shakeouts, volatility etc).
No, because he's just talking about the volume increases and the pauses and corrects afterward. As you saw, they are consistent with the data points he provides. There's no need to go back that far.
Sold my ADA a bunch of months ago and put all into Sol. No regrets yet, but news on Charles being advisor in Trump administration has me a little nervous about my decision. Good luck, hope it maxes out and you make a huge bag. Cheers
Interesting observation on the large volume candles, although I would maybe point out it could be different this time due to the introduction of the large ETF players hoovering up BTC for their funds. Kind of in unchartered waters right now.
Michael, can you provide an update on the time/price of the BTC top? And, what percentage of a correction can we expect in wave 4? Also, have you looked at Credibull's last RUclips video? He is also an EW guy and is not convinced that this PA is impulsive. He thinks it's corrective and we could be in for a major correction soon before putting in the fifth and final wave. Any thoughts on that? Thanks.
oh gosh where you pointed out that somewhat inverse head and shoulder it also looked like 3 knocks on that support line... we all know what usually happens on the 4th knock....!
Think you are misleading in regards to the 'large weekly' volume a little bit.:) Those volumes are not even remotely high compared to what has happened in the past. Quite the opposite, they are actually very low in comparison. Volume since around mid 23 has been very low when compared to BTC history..
According to my figures, bitcoin is today 79% buyers, 21% buyers. What’s that tell you? Retail are buying, big money, whales whatever, are selling to keep the price around 90k. Must be. They’re keeping prices down to draw in more retail buyers. They may let it briefly drop to draw in more retail money, then they’ll start buying back fast as prices soar, probably bursting through 100k for bitcoin. By the looks of it the big winners initially look to be bitcoin, Doge, probably XRP, Pepe again, others look to be Bonk, and Jasmy perhaps.
@ The figures show this, and they’ve shown it for previous small dips prior to the price soaring too. So somebody meaning lots of people, institutions, Black Rock whoever must be selling vast amounts not just bitcoin but Doge, Pepe ( the price of that being allowed to largely recover to then stabilise) Bonk and Jasmy being similar. Somethings not right, unless it’s being manipulated? But anyway you do what you like. I get the last laugh because of something you’d never ever believe lol.
@@jimmypage1969 Just the case of waiting . "We'll never see bitcoin below 80k again" or " it's different this time". Yet the market will clean candle dump it over months to the usual -80% like ever cycle before.
Michael is a trader on lower time frames. So you both might have the same outlook on the bullrun. I am also not trading short term but like to learn from his analytics and at the bottom he helped me with finding optimal entries. His brother Jason is watching the longer time frames by the way.
![Bitcoin [BTC]: "It's Their Time To Shine!"... Watch This Now In Crypto.](http://i.ytimg.com/vi/Xfe6ttsqv_w/mqdefault.jpg)
![Bitcoin [BTC]: "It's Their Time To Shine!"... Watch This Now In Crypto.](/img/tr.png)
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Best channel in the short-term analysis space
For once, I'm actually hoping for a big drop. Usually I hold too long and miss out on the big gains. This time I took profit. Hopefully it was the right decision.
Every dip is another chance at re-accumulation =) Sluuuuurp.
In the worst case you will buy back at a small loss on an inevitable retest. That loss should be nothing compared to your profit if you were positioned good
what do you mean its the right decision? if you followed your plan, youre in profit, wouldnt that be the right decision?
@hellshire11 I don't have a concrete plan other than taking profit, so I guess you're right, but I'm always looking to buy the dips. Only if it kept going to 120k, then I would feel like I made a bad decision.
@MoonWalkCTO Yeah, that's true.
Many thanks Michael, interesting pattern 🎉🎉🎉
So when is the real alt season? When both c does to wave 4?
Thank you Michael. 😉
btc 1 day chart looks like a bull flag?
What about altseason and bitcoin dominance close to topping?
If you have been trading like that you missed altcoin season or so they call it. This time has been different, its like we have to get alts as btc is low too.
@@brilliantran9808 BTC dominance is yet to top out, patience bros
👍Great work as always Mick. Thanks
Wouldn't it have been a good idea to compare the volume spikes with the later stages of the previous bull-market rather than the early stages of the current one? The behaviour is different in the peaks of the market (more shakeouts, volatility etc).
No, because he's just talking about the volume increases and the pauses and corrects afterward. As you saw, they are consistent with the data points he provides. There's no need to go back that far.
Great video. Love the breakdown. 😊
Exciting times thanks michael
I'm curious to see how you'd break down the 2017 cycle into Elliot waves. There were many corrections.
Paws on the trend - dog & cat season!
Thank you Michael !
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Can you make a video about Cardano in terms of TA? 💙
Sold my ADA a bunch of months ago and put all into Sol. No regrets yet, but news on Charles being advisor in Trump administration has me a little nervous about my decision. Good luck, hope it maxes out and you make a huge bag. Cheers
Can't bring myself to sell any PNUT or FRED!! Just getting started...
Thanks mick 🎉
Thanks Michael! Really enjoy your level headed approach to the markets. Please keep the updates coming!
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Thanks Michael, You are god!
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Great analysis and content!! Appreciate it very much Michael!!
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I'm missing the trading quotes at the start of your videos, some of them have been bangers!
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Thanks for the infos as always.
Thanks, saving myself -30% in some of those crypto small caps. Noticed I was FOMOing because I wished I earned more, but I know how that ends 😂
Interesting observation on the large volume candles, although I would maybe point out it could be different this time due to the introduction of the large ETF players hoovering up BTC for their funds. Kind of in unchartered waters right now.
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One Love!
Always forward, never ever backward!!
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🙏🏿🙏🙏🏼
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Appreciate it Michael
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Love it , very helpful, thx bro!
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thanks for the video!
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not a word about utility......
Thanks! Alts also please 😊
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Ah-ha! Your TA confirms my gut feeling! Will be interesting to see how it all unfolds! 👍👍
Michael, can you provide an update on the time/price of the BTC top? And, what percentage of a correction can we expect in wave 4? Also, have you looked at Credibull's last RUclips video? He is also an EW guy and is not convinced that this PA is impulsive. He thinks it's corrective and we could be in for a major correction soon before putting in the fifth and final wave. Any thoughts on that? Thanks.
wrong channel? 😅
Thx!
Cheers! 🙏
oh gosh where you pointed out that somewhat inverse head and shoulder it also looked like 3 knocks on that support line... we all know what usually happens on the 4th knock....!
Rekt Retail 2 coming to a theater near you =)
Yayyy 😁
Think you are misleading in regards to the 'large weekly' volume a little bit.:)
Those volumes are not even remotely high compared to what has happened in the past.
Quite the opposite, they are actually very low in comparison.
Volume since around mid 23 has been very low when compared to BTC history..
According to my figures, bitcoin is today 79% buyers, 21% buyers. What’s that tell you? Retail are buying, big money, whales whatever, are selling to keep the price around 90k. Must be. They’re keeping prices down to draw in more retail buyers. They may let it briefly drop to draw in more retail money, then they’ll start buying back fast as prices soar, probably bursting through 100k for bitcoin. By the looks of it the big winners initially look to be bitcoin, Doge, probably XRP, Pepe again, others look to be Bonk, and Jasmy perhaps.
Lmao nah...
@ The figures show this, and they’ve shown it for previous small dips prior to the price soaring too. So somebody meaning lots of people, institutions, Black Rock whoever must be selling vast amounts not just bitcoin but Doge, Pepe ( the price of that being allowed to largely recover to then stabilise) Bonk and Jasmy being similar. Somethings not right, unless it’s being manipulated? But anyway you do what you like. I get the last laugh because of something you’d never ever believe lol.
@@KevinPaxomnium dude look at delta and market sell orders. Do you even trade?
@@KevinPaxomnium literally just hit ATH again and took fat profits
@ yup, me too but now it’s crashing to a major correction but I’ve sold about 90% of my entire portfolio
ooooof imagine consolidating in this range cmmmmoonnn corn
You’re wrong, dude. There’s my simple analysis.
After 4 comes 5... ultimate wisdom being shared here.. 😂 just kidding Micheal ❤
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RENDER ONDO RAY UNI HONEY AIOZ
Happy to sell and let Saylor buy. I'll pick it up at 21k next bear.
Lol, that would be lovely.
@@jimmypage1969 Just the case of waiting . "We'll never see bitcoin below 80k again" or " it's different this time". Yet the market will clean candle dump it over months to the usual -80% like ever cycle before.
Saylor is crazy but he isn't stupid
Do you seriously believe what you're writing right now? Bitcoin is never gonna be at 20k again lmao.
@RaZn-Gurifisu It's very unlikely but not impossible.
All I see is bearish videos except the usual moon boys mm crypto and friends. How could this be a top?
You need to rewatch the video. He said intermediate top with correction followed by a push higher. He never said this was the end of the bull market.
@PrestonJudd-b2y there are people calling a market top based on volume and other indicators
We went from alt coin season imminent to things are ending over night.
LMAO It's funny you took that away from that when he literally said, "this will take weeks if not months to play out"
Is there any chance you talk slower pleaseee
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I totally disagree. We just started wave 3. Wave 4 pullback will be around 150k. Wave 5 will top around 200-300. Hard to predict wave 5.
Michael is a trader on lower time frames. So you both might have the same outlook on the bullrun. I am also not trading short term but like to learn from his analytics and at the bottom he helped me with finding optimal entries.
His brother Jason is watching the longer time frames by the way.
5138th - And wishing you more health, wealth and happiness :)
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ETH SUCKS
spx6900
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Thx 😊
Thank you Michael!
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