Bitcoin: One More Leg Down Coming? Here’s My Line and the Target

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Question of the day: is one more leg down coming before the turn? Probably: a 2-day close under $80,990 prints the cross; my line is $79,700.
Inside: the 2-day corrective cross and how fast it hits (median 8 days), a viewer’s 13/34 EMA cross tested live back to 2022, the moon and the McRib graded against their own seasons, where October needs to close, my DCA, and the hedge if $75,000 breaks.

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#Bitcoin #BTC #Live #CryptoTrading

CHAPTERS
0:00 Question of the day: is one more leg down coming before the turn?
0:21 Prices not seen since September 18; my line, $79,700
0:49 The moon setup: 13 of the last 16 full moons
2:56 When the moon signal fails, it fails badly
4:00 The line of destiny: last week’s low
4:35 The 2-day corrective setup: under $81,000 tomorrow night
5:36 The McRib indicator: fun, not a signal
6:56 The exact number: a 2-day close under $80,990
7:36 The target: $76,000 to $77,000, then a bounce
8:24 The pivots: $85,000, $79,700, $75,000
9:23 On record: the run I expected did not come
10:03 The 5-day: three closes under the 5 EMA, the 55 at $77,300
10:35 A 5-day close over $79,200 forces the silver cross
11:37 Where October needs to close: $77,500 and the $78,600 open
12:48 I prioritise the previous trend until it breaks
13:02 How long does the 2-day cross take to hit its target?
14:38 The corrective setups: one failure in two years
15:36 My DCA: weekly on IBIT, small
16:35 A viewer’s setup: the 13/34 EMA cross, target the 89
17:33 Testing it live, back to 2022
20:08 Is it confirmed? $4 away; $81,743 averts it
21:20 If $75,000 breaks: a $70,000 put, a month out
22:25 My average price this cycle: about $62,000
22:47 The week ahead: tomorrow’s close, FOMC Wednesday

DISCLOSURES
General market commentary and education, published to the public on a regular schedule and not tailored to anyone. Nothing here is a recommendation that you buy, sell, hold or size any security, commodity, contract or digital asset. I am not a registered investment adviser, broker-dealer or commodity trading advisor, and I am not registered with the SEC, any state securities regulator, the CFTC or the NFA. Viewer charts discussed on stream are discussed as charts of the asset, not as advice about anyone’s position; Super Chats and memberships support the channel and a place in the queue, they do not buy advice. I may hold positions in assets discussed and may trade them at any time without notice; where I know I hold something, I say so. Trading and investing carry substantial risk of loss, including loss of all capital; options, futures, perpetuals, leveraged products and event contracts can lose more than the amount invested. Statistics, backtests, paper trades and model outputs are hypothetical, have inherent limitations and do not predict future results. Results and testimonials, where mentioned, are individual experiences and are not typical. Some links are affiliate or referral links; I may earn a commission or credit if you use them, at no extra cost to you. Nothing here is an offer or solicitation where unlawful; do not use any platform that is not available to residents of your region. Consult a licensed professional about your own situation before acting.