In order to make everyone understand more clearly, it is necessary to describe the market situation in detail again. Please refer to the following 3 pictures and several previous analysis articles (I have repeatedly called for the slug 76560 bottom to appear in the past few days, and a real turnaround will appear in mid-April, but more detailed details have not been pointed out): 1. Premise: The slug is currently only two-driven, and it still lacks the three consecutive hits of the C stage of the Wyckoff accumulation chart. 2. Astrology: According to the cosmic clock, the sun and Mercury will combine and cultivate together on April 12 [hehe], so the last spring of the Wyckoff C zone will be completed around April 12. Of course, the spring is very likely not to break 76560 and form a second low (a slightly lower point is better), and then there will be a turnaround, but this turnaround refers to the confirmation of the bottom. 3. Technical core; according to the weekly line of the maximum retracement level, the slug will fluctuate up and down at the bottom for about a month. The limit will be a large-scale breakthrough from May 22 to June 10 at the latest, and the monthly level will resume rising (traders who have not practiced internal skills, don’t argue with me. If you don’t understand the level, even if you win, it is a tactical victory, but you don’t understand the strategy) 3 Macro: Economic recession is inevitable, but independent organizations such as the Federal Reserve have always only monitored data, and will definitely cut interest rates and release water to save the market as much as possible before the recession (and Trump will try every means to artificially create dangerous data to promote the interest rate cut in advance, so that foreign funds will flow in to buy US bonds, and US bonds are the best in history. The longest super Ponzi scheme can continue to run wildly), so before the global economic recession, there is a long time window, which makes the financial market go crazy. We are waiting for such a crazy bull window. 4. Conclusion: Worst case plan, we have to be prepared for the slug. There will be a large weekly breakthrough from May 30 to June 10, and the monthly level will rise above 130,000 to 150,000. The big aunt must be prepared to reach the Fibonacci 0.786, which is around 1580, but this will only happen when Bitcoin has a three-drive breakthrough of the previous low of 76560, but we do not think Bitcoin will break through the previous low.
Today we take $ETH as an example to discuss the importance of internal skills in technology. Traders who haven't even stepped onto the path are considered out of the mainstream: Below are three levels of charts, the 30-minute level of $ETH has already shown the Wyckoff three-drive accumulation, which may indicate that the downtrend has stopped and is moving towards the fifth wave on the 4-hour level. Since the fifth wave on the 4-8 hour level hasn't made a new high, it might still not have occurred. If it drops directly, that would indicate a truncation, but the probability of not making a new high and encountering truncation is very small. Therefore, we still lean towards the method of the 8-hour blue line, first going to the CME gap of 3250-3700, and then coming down to complete the second wave on the daily chart. Regardless of whether the 4-hour level encounters truncation or not, the daily second wave must rise after the retracement, and the daily third wave will also rise. No matter how the 4-hour level behaves, this is the essence of internal skills.
On May 8th, we analyzed the overall macro situation of $ETH . Of course, due to the improvement in its fundamentals, I raised its ideal target from 10,000 to 20,000. Now, I’ll supplement with a chart where you can see that Auntie has been moving within the monthly triangle in an ABC 3-wave adjustment. The last ABC can correspond to the d and e points of the bull market flag in our previous chart and the final upward target. Since I am heavily invested, from a safety perspective, I exited at point d, and after re-entering at point e, I will ultimately exit in batches between 6,500 and 9,500 to secure my gains. However, leaving some light positions to exit around 20,000 is also an option. The screenshot contains text explanations for further reference. Lastly, I want to mention that our pinned article around April 6th repeatedly called for the bottom of $BTC . This is based on the similarity of my trading system with wave theory and the Wyckoff accumulation and distribution principles. Major tops and bottoms can be clearly observed when they appear, allowing us to ignore the false information presented by macro fundamentals. During that dark period in early April, only those who held firm in their bullish outlook could lead you to the dawn. You should continue to pay attention to them, while those big accounts constantly calling for a bear market at 50,000, 60,000, or 30,000 can be unfollowed directly, because these individuals were scared by the tariffs and media-spread economic crisis rhetoric during that time, and without a rigorous technical theory to support them, they can only follow the herd.
As mentioned earlier, $BTC began to narrow sideways at a high position. Due to the rebound of its dominance rate, the altcoins started to undergo a second wave pullback on the daily chart. This presents an opportunity to accumulate again, which is referred to as the second buy in Chen's theory. After June, BTC will break through its historical high, and then start to consolidate again at a peak. The BTC dominance rate will collapse after testing and reversing around the previous high of 65%. Auntie will lead her brothers and younger brothers to officially hold the Bull Festival. Therefore, for our medium to long-term cryptocurrencies, as long as we can hold on until the third or fourth quarter of this year, we will be fine. This summer will definitely be as dazzling as the DeFi summer from several years ago, and the fireworks will be even more brilliant. However, considering that there are tens of millions of varieties in the current circle, there is not enough money to drive them all, so we can only selectively choose sectors or large-value coins to make stable profits. The following four images all come with explanatory text, including the trends of two valuable coins, $ADA and $LINK . Finally, let’s plan to watch the big fireworks together this summer!
The four-hour level 5 wave bull market of $BTC has basically come to an end. Under normal circumstances, the daily second wave pullback should reach the Fibonacci 0.382, which is around 93800. However, currently, both $BTC and $ETH have not even touched the minimum requirement of Fibonacci 0.236 (BTC is around 98300, note that it may need to reach here in the future) — this indicates a very strong move. According to Dow theory, this is playing a narrow sideways consolidation, and in Chan's theory, it is constructing a central axis. Other technical factions refer to it as a chip accumulation zone or a box, etc. Regardless of the name, these are all martial arts techniques, but if we leave the level (which is also the way), they are merely ineffective flashy moves. There are two ways for a pullback. The first is a normal pullback to the non-Fibonacci 0.382 to 0.618 range, and the second is a pullback that uses time to exchange for space, relying on the narrow fluctuations of K-lines to gradually bring the major moving averages closer to the K-lines while repairing various indicators and divergences at different levels. BTC should currently be doing this, with the purpose of not giving those who missed the opportunity to buy in at lower levels a chance, allowing for full turnover of chips at high levels and constructing a consensus area. After this area is broken through, the chips that entered at high levels will not easily be sold off since they did not gain much. Thus, the pressure on the main force to pull up is reduced, saving a lot of costs. Therefore, pay attention to the minimum requirement of Fibonacci 0.236, which is around 98300; perhaps a spike could reach there.
After I posted the ETH chart analysis yesterday, I was met with all kinds of criticism. I already explained that I am not studying wave theory; my trading system is merely somewhat similar to wave theory. My system is designed for pure practical trading, so there is no need to overthink it. Those who study wave theory say that my triangle cannot be the second wave; well, today I’ll draw it a bit more completely. That triangle is indeed the fourth wave, and the next is the fifth wave of increase. Regardless of whether it’s the second wave or the fourth wave correction, our practical system just captures the subsequent wave that rises monthly, so why worry about so much? More critics say it’s impossible to reach 20,000; I want to say that the possible target may exceed 20,000 a little bit. They don’t think about why I didn’t post the big target of ETH 20,000 earlier or later, but only yesterday. It’s because every time I study the technical chart of a coin, I need to conduct fundamental research. The current fundamentals of Ethereum have undergone significant changes. Firstly, the dual upgrade of Ethereum has been completed, and this major upgrade has a very far-reaching positive impact on the crypto world, but it does not explode all at once; it slowly reveals itself. Secondly, many big players on Wall Street have allocated 90% of their funds to the RWA sector on Ethereum. Additionally, ETF staking is also destined to pass soon, which means that buying and holding the ETH ETF long-term is equivalent to having mining income, which will encourage them to continue buying. Finally, the interest rate cuts are not in June but in July; this round of altcoin cycles has changed. Coins like $BTC and $XRP , which have been on the rise, will continue to rise without deep corrections. The coins led by $ETH that entered the bear market will catch up in the upcoming flooding environment, and ETH will lead the way for major coins to enter a super bull market, so the target of 20,000 is not too high.
ETH operation key points: Those of you with low Ethereum costs can exit between 2500 and 2700. For those of us with high ETH costs, we’ll see if it can reach the second gap at 3295 before exiting, and then wait to re-enter at the 'e' point in the future chart (from 'd' point to 'e' point, it will be accompanied by BTC's daily line correction).
$BTC 4 hourly level 5 wave electronic pulse has come out. At present, it is no longer possible to buy any spot. Be careful of the daily level second wave callback after the new high ($BTC daily level 1 wave can go to around 99600, $ETH can go to around 2050), so for the band dog, the profitable coins held should find high positions to reduce or clear positions in the next few days, and wait for the BTC daily second wave to callback to the 89000 to 92000 range before buying again. However, the losing coins should continue to be held, because after the daily second wave callback, the third wave and the fifth wave will rise. Medium and long-term holders can remain unchanged and bear the subsequent daily second wave callback. 2025 is destined to be a legendary year, but the small-level increase and decrease in positions in the middle can be done by yourself.
$BTC 4-hour level, as long as it does not break the previous high of 95758, getting close to the purple trend line indicates that the 4th wave correction is complete, followed by a five-wave upward movement. After the completion of the 4-hour five-wave upward movement, the market will undergo the 2nd wave correction on the daily chart, but the 2nd wave correction generally will not break the peak of the first wave on the daily chart at 88766. This is how a daily impulsive 12345 electronic pulse can form~ aiming for around 145,000. Please note that the completion of the 5 waves on the daily chart indicates that the 5 waves on the weekly chart and the 3 waves on the monthly chart (the monthly chart can also be divided into one wave) are in resonance and completed together. After that, there will be a pullback targeting the 3 waves on the monthly chart. The monthly pullback corresponds to the bear market phase of a four-year cycle. After more than a year of correction on the monthly chart, it will re-enter the upward phase, which is the bull market phase.
I’ll take some time to talk about the important things coming up, with 4 screenshots to discuss 4 points. I'm not doing promotional marketing, so there may not be more analysis for a short time. 1. The BTC weekly pivot point at 99,475 has not yet been broken, but the suspense of restoring the maximum level monthly upward is basically gone. Refer to the first screenshot; a major breakthrough of the historical high of 109,588 is expected to occur by late May to early June at the latest. 2. Look at the 2nd image, but the BTC 4-hour level 4 wave is about to start correcting (in the previously mentioned range of 88,000-91,000), and then it will move to the 5th wave upward. 3. Look at the 3rd image; the post on April 4 indicated that I had sensed the information from the screenshots I posted in December 2020. In 2020, when I announced the screenshots, I had told countless old friends in my circle that I finally saw the dawn when floating a large white. This time during the altcoin bull market, I am certain that after the slug breaks the previous high of 109,588, the altcoins will rise explosively in retaliation, while BTC's dominance will fall like a meteor in the range of 64-67% that we previously discussed.
The BTC 4-hour level is very strong. Looking at the first image below, it is currently undergoing a fourth wave correction, but it is estimated that it will not correct deeply like the second wave, likely stopping around the middle band of the 4-hour Bollinger Bands, and then starting the fifth wave to form a non-continuous electronic pulse 12345. I am not a scholar of wave theory; I refer to it as an impulsive rise electronic pulse, but I know that in wave theory, it is called an impulsive wave. The techniques are all interconnected, and we can see that this rise is impulsive. The fifth wave at the 4-hour level is crucial. Looking at the second image, as long as it breaks through the weekly turning point of 99,475, it will form a dual-level divergence on the daily and weekly charts, which could lead to a significant correction. However, it has already resumed the maximum level of monthly upward movement, so after the correction, the target of the monthly wave 3 will directly point to around 145,000. Once we reach around this point, we will reassess whether a halving will occur.
Although ETH accurately rebounded from the accumulation zone I defined, which is near the Fibonacci 0.786 level, and this weekly chart's 'm' shape resembles a large ABC correction, it's highly likely to break the historical high of 4880. However, the depth of this wave of washing out does make me a bit cold-hearted. Considering that Auntie has two CME gaps, one at 1812 which has already been filled, and another at 3295, I plan to withdraw after reaching the second gap and then switch to other good coins. You can decide for yourselves whether to hold on. In short, after reaching 3295, I believe there are better options than Auntie, and I will definitely switch positions.
The second wave pullback range for BTC is approximately between 85300 and 88100, and then it will go for the third wave upward. Just follow the yellow curve. The daily and weekly levels resonate and complete the five waves. First, look near 145,000. If there is a halving around 145,000, it will re-test the 70,000 area. The next step will directly push to around 200,000.
The BTC daily line turning point at 88766 has been broken. Next, regardless of how the daily line corrects or consolidates, there will be a second wave of increases – aiming to challenge the three-day line turning point of 95000 or the weekly line turning point of 99475. Once the weekly line turning point of 99475 is broken, the large-scale monthly upward trend will be unstoppable, first aiming for the target near 145,000. We announced the bottom on October 8th when the BTC daily line showed a Wyckoff triple hit and had already drawn the wave pattern of five waves (yellow curve). Let's see if everything goes smoothly!
Although during this period we are still mainly analyzing the overall market, it is only to see the general trend. The current cycle is about to rotate, so personally, for reasons of cost-effectiveness, I will not hold any BTC positions. Below is the analysis of altcoins: 1. Looking at the first screenshot, the BTC dominance is about to reach the level where altcoin season appeared in 2021, which is just over 65%, and it should collapse soon, with one last upward push. The initial rise of the altcoins should also be a bloodsucking phase, so I have always said that a major altcoin season may not appear until the end of May or early June. There is a red arrow in the image that indicates the approximate peak of the altcoin season, and I have set an alert, which is that small white arrow. 2. Looking at the second image, altcoins have already received support at the monthly level, and the monthly K line has a deep dragonfly doji, so now we just need to patiently wait for the BTC dominance to collapse.
I have never studied wave theory, but since my trading system is very similar to wave theory, I will tentatively define it as level waves. The traditional wave theory lacks strict quantification and can lead to a thousand interpretations of waves. For example, the first screenshot below shows two common incorrect methods of drawing in the current BTC mainstream, especially the method represented by the yellow line, which believes that the fifth wave peak is very, very foolish. Look at the second screenshot below: it is the fifth wave drawn by my level waves. My trading system is based on levels, and it is drawn with strict quantitative standards. Therefore, the weekly fifth wave points directly to the area around $180,000 to $200,000. However, the weekly fifth wave can be divided into five sub-waves, so around $145,000, there might be a pullback to retest the current low point around $70,000 to $74,000. Everyone should pay attention to this halving, so the one who can ultimately reach around $200,000 in this bull market is definitely the one destined for it! Even if you don't do well, reaching around $140,000 is still quite good. 😷
BTC has currently only broken through at the 4-hour level; it may pull back to over 70,000 before breaking the daily turning point of 88,500. Once 88,500 is broken, it will basically restore the upward trend at the weekly and monthly levels. We previously mentioned that we may oscillate for about a month until the end of May or early June before experiencing a super surge.
Continuation of the text: Basically in line with expectations. Looking at the three charts below, the daily level three drivers for BTC have basically formed, and the monthly level has also respected the support of the trend lines (green line and blue line). Auntie has reached the 'fat lady's concubine' 0.786, which is around 1500. The remaining consideration is the weekly level's correction and decline, and the time for oscillation and accumulation can extend until the end of May to early June. Therefore, the real breakthrough to recover the monthly and weekly upward trend can be waited for about a month. This also coincides with Trump's pressure on the Federal Reserve to cut interest rates.
Reminder: In this BTC daily chart, once the five-wave pattern is completed, it's time to run because the completion of the five-wave pattern on the daily chart indicates that the five-wave pattern on the weekly level is also completed. It is a resonant completion of the five waves, and you must run! Otherwise, the next monthly wave 2 correction will leave no bones behind.
Brothers, I am very familiar with the trend of altcoin B. Although through research I believe it will follow the trend of 2017 and experience a major upward wave before the end of the year, the current decline of altcoin B is frightening and reminds me of January 2021, when the entire network was extremely fearful. However, only we thought in January 2021 that altcoins were about to bottom out and would soon exhibit a magnificent trend. There is evidence to support this; just look at the screenshot below. If we were right last time, can we be wrong this time? Never, because this is not just a simple market feeling; it is years of accumulated experience.
The daily chart of $ETH has shown a rare four-drive pattern, which is a strong bottoming signal. The last remaining funds have been all-in, waiting for you to make me bankrupt.
BTC currently has nothing interesting in the small time frames, just oscillating up and down. The larger time frame should move like the chart below. It is currently in the second wave correction, then the third wave of rise, the fourth wave of decline, and the fifth wave of rise breaking 130,000 (if everything goes well, it could be completed within this quarter).
We have been observing that the conjunction of the Sun and Mercury on April 12 has not yet arrived, so be patient. This is not mysticism; you need to understand that whether in the cryptocurrency world or traditional finance, predicting time can be done using Fibonacci sequences, as well as TD, which is the DeMark sequence. Another well-known method is Gann's lunar time cycles (which is even more accurate when combined with astrology in the cosmic clock). Of course, regardless of the time prediction method used, it should be combined with the trends of various major time frames.