Skip to content
ThreadOut
TechDev@TechDev_52 · Apr 14, 2022

I believe the market has been correcting for nearly a year. And that at least one more primary-degree impulse is to…

9 tweets1 min read♥ 2.2Koriginal

Summary

The author presents a technical analysis thesis arguing that Bitcoin and altcoins have been correcting for nearly a year and predicts at least one more primary-degree impulse wave before a larger cycle-degree correction, citing multiple confluent technical indicators including moving average retests, vortex crosses, accumulation patterns, wave structure parallels, and historical precedent.

Summarized by ThreadOut AI from the full thread. May miss nuance — read the thread below.

  1. #1

    I believe the market has been correcting for nearly a year. And that at least one more primary-degree impulse is to come before a cycle-degree correction. I have several reasons for this thesis and shared each. Here's a 🧵for those who can't follow past the last tweet. 1/

  2. #2

    2/ #BTC 100D MA retest + #altcoin structure parallel + $DXY top, all at the start of a Fed Funds Rate hike cycle

    TechDev@TechDev_52 · Apr 9, 2022

    Familiar stage is set... + #BTC retesting 100D MA after reclaim + #Altcoin market cap retesting weekly EMA ribbon after years of near-identical structure + $DXY near local top (imo) after an ~1 year run + Fed Funds Rate on the rise

  3. #3

    3/ Recent #BTC 3W bullish Vortex cross

    TechDev@TechDev_52 · Mar 28, 2022

    #Bitcoin 3W vortex indicator bullish cross confirmed. This is the 5th in the last 10 years. Each of the other 4 marked the start of a major impulse up.

  4. #4

    4/ 3W Vortex cross + Dormancy Flow bottom confluence

    TechDev@TechDev_52 · Apr 9, 2022

    The periods between Dormancy Flow exiting the green zone and the 3W bullish Vortex cross have offered some of the best buy opportunities for #Bitcoin over the last 10 years. Asymmetry very much to the upside here in my view. Enjoy your weekend.

  5. #5

    5/ Large entity accumulation/distribution behavior

    TechDev@TechDev_52 · Apr 2, 2022

    Interesting pattern of behavior by large entities over the last 3 major #Bitcoin wave pairs.

  6. #6

    6/ Parallel relative sub-wave structure between cycle degree wave 3 and 1, with wave 3 exhibiting a consistent ~3X time expansion

    TechDev@TechDev_52 · Apr 4, 2022

    Since 2016 #Bitcoin has exhibited near identical wave structure to 2010-2013 over 5 impulse peaks. They've consistently taken ~3X longer. And peak 6's levels were reached at peak 5 this time.

  7. #7

    7/ Wave symmetry + declining volume + 4 std dev 50W EMA wave extension + corrective RSI + Dormancy Flow decline + SSRO decline

    TechDev@TechDev_52 · Feb 11, 2022

    Why #Bitcoin has not impulsed since early 2021: + Wave symmetry + Declining volume + Tops at blue with price below since + Corrective RSI + Dormancy Flow down + near bottom + SSR Oscillator down + near bottom We're ending a year+ correction. Not starting one.

  8. #8

    8/ And yes, a historic example of similar multi-year macro wave structure in a speculative asset with consistent interaction with a key MA, the next projected move of which is confluent with the upcoming impulse suggested by points 1-7.

    TechDev@TechDev_52 · Apr 13, 2022

    Times change. Assets change. Macro aggregate human behavior usually doesn't. #BTC

  9. #9

    My respect and appreciation for those that show it to others, regardless of bias. end/