The Crypto Trade I'm Taking After The DIP!

"as per this chart, it should just be a number of days before you actually breach your head through and start to expand. And this is where you can create those blow-off top scenarios where you can really start to go parabolic, because we spoke about that last week that most of the hedge funds were positioned short, with their stop losses of course in the pink box over here. So as soon as price trades into that pink box, which is above that 6,000 mark... Price is right now at 5,998, which means there will be a lot of triggers that go off over here. And when these shorts have to cover, usually that means taking the opposite side of the trade, which creates that expansion towards the upside."

"And over the next coming weeks, we'd expect that this should start to expand. And that would lead into what could be, remember, it could be the final phase based on this triple bearish divergence that's occurring on Bitcoin."

"You want ETH to defend the current levels, and then that still opens up the possibility of trading all the way up to $3,000, more specifically the yearly open at $3,300."

"So if price does come down towards that just under $103,000 level, expect that people are going to be buying the dip over there... expect price is going to rally towards the order block that led to the breakdown, and then you may put in a short-term pullback and a higher low, which is going to lead to higher prices."

"In my opinion, there's no point in actually selling because you're going to hit that $96k-$97k level anyway and bounce into another lower high, at which point you can probably exit higher than what your invalidation would have been anyway. ...if Bitcoin does break the 50, if it breaks this 50 over here, yes, it could come low. You could start to drop down towards targets like we said, around that $97,000 level. And then you got massive support over here as well around $93,000."

"the very second that you start to trade above these highs over here... you could elicit quite a big short squeeze... If that short squeeze occurs with quite a large rise in trading volume, that's going to be a good, good indication that it's go-time. Right, things are going to start to really, really rapidly appreciate."

"the risk is that this has created a long-term consolidation and it's not going to break that, and then it's going to bull flag all the way up to the yearly open, which is our ultimate target over there for ETH."

"We gave our ultimate target at about $7.64 if the market does break parabolic."

"Cardano, if it breaks below that blue line, it's going to accelerate towards new lows, rejecting off all of the moving averages, just putting in lower highs throughout in terms of the Cardano/BTC pair."

"Dogecoin, holding right at that range low. If this doesn't bounce over here, Dogecoin is going to new lows."

"I would expect that this is going to move pretty aggressively, and we know that wave three is typically the strongest wave."

"It could be nearing a big move because you can see this is pretty much approaching the apex of that triangle. So expect this either to break out or break down by the time it hits that apex, which is in July, at some point in July."

"All of last week, we spoke about the potential to find a major low within the market before the 11th of June, at which point we'd be looking for a bit of a turnaround within the market."

"After we had that dip, we said expect a little bit of a push towards the upside, a rejection, price should come down, form a little bit of a higher low, and then I think bulls will tend to take back control. And that's essentially exactly what we're seeing."

"If they're going to create a new low, they need to do it in the next couple of days. Otherwise, I believe based on what the stock market is going to do, it's probably going to short squeeze to new highs, and then you're going to see TOTAL3, TOTAL, and TOTAL2 doing the same thing."

"we would expect that if bears were going to take control and this hypothesis were correct that you're going to go into Wyckoff distribution, well basically you need to see price reject this week, and probably even today... and that's where you would expect the test on low volume to occur and price should roll over."

"Now, why did I open the show with saying that by the 11th of June, we expect the bulls to take over? ... because on the 11th, we print the next bull moon, and we've just seen the success rate of this has been very, very, very accurate. Right, so on Wednesday is the next bull moon, and then we expect that over that next two-week period, bulls have the opportunity to ride the momentum towards the upside."

"If it doesn't form a high low over here, there is going to be trouble. Then you're going to be looking at new lows."