Man of Bitcoin

$ETH needs to remain above $1,507 to keep the white roadmap intact. A break below this level would suggest that a larger ABC correction is unfolding, with the $854 level as the target.

$BTC: Slightly adjusted the wavecount a bit. As long as the price remains below the descending trendline, I assume that wave-3 is unfolding to the downside. A break above this level would suggest that wave-4 is already unfolding to the upside with key resistance at $68,051.

Buy the dip.

$BTC zoomed out. If this weekly candle closes around this region, I would expect further downside. Key level to keep the white roadmap intact is at $57,610.

$BTC has likely formed a wave-4 high and is now working on wave-5 of (3). 👉The descending trendline is the first resistance to watch to keep the downside pressure intact. Micro resistance is at $68,703. A break above this level would suggest that wave-(4) is unfolding.

I am scaling in. My buy order triggered at $68,000. I keep it small because I don´t see a sign that a low has formed.

$BTC: Due to the impulsive move to the downside, I assume that we are dealing with a third wave. Resistance for a wave-4 high is between $69,270 - $71,114. As long as the price remains below $71,114, I expect lower prices.

$BTC: As communicated yesterday, the price has reached our ideal zone to the downside.

$BTC: Downside pressure is still high. Next downside target is at $71,054. Ideally, the price reaches between $67,668 - $63,124.

$BTC has broken above the descending trendline but is moving higher in a corrective pattern. As long as we don't see an impulsive move to the upside, I assume wave-(2) is unfolding, with key resistance at $81,075.

$BTC: a break above the descending trendline would be the first sign of a local low. Key resistance is located at $81,180. As long as the price remains below this level, I expect lower prices.

$BTC is holding above critical support levels. The bulls NEED to defend this area. A decisive break below the last swing low at $73,700 would suggest that wave-C is already unfolding to the downside.

$BTC: The 50% Fib retracement level needed to keep another high on the table is at $73,821. A break below this level would provide further confirmation that the bulls have failed. The 50 EMA is also sitting around $75K. The bulls need to step in now, or $68K could be on the horizon. 🤷‍♂️

$BTC has broken below the $75K level, which is a sign of weakness. A daily candle close below this level would provide further confirmation that price is heading for a deeper pullback.

$BTC: A quiet weekend so far. Next week should give us more clarity on the direction. For now, as long as we don't see a decisive break below $75K, I expect at least a bounce to the upside. Resistance is between $77,912 and $79,757.

$BTC zoomed out: A potential head-and-shoulders pattern is forming. One more shoulder could complete the pattern. A decisive break below $75K would likely send price toward the $67K–$63K region.

$BTC is holding support above the descending trendline and the $75K level. A wave-B bounce is likely from this region. Resistance is between $77,912 and $79,757. For reference, my buy order was triggered at $75,000. This is a swing trade only. SL below the last swing low.

As mentioned on October 11, BTC has been rejected at the RSI pivot point and experiencing a deeper pullback.

$BTC: Due to the complex correction, I have updated the wave count to a WXYXZ pattern. I think this fits the current structure best. Resistance is between $78,094 and $79,836. Ideally, price remains below $81,180 to keep the white roadmap intact.

$BTC: A potential triangle pattern is forming, which often breaks to the upside. However, a break to the downside would likely send price toward key support at $79,538. Resistance remains unchanged: $81,229–$83,786.