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Published 19 May 2026, 17:44 UTC · fetched 6 Nov 2026, 14:17 UTC
Kayne (formerly Penguin)
@ThePenguinXBT
Quoting · 11 May 2026, 08:11 UTC · context given to the AI
$BTC 🧪 Still looking like upside here mostly in my opinion until market shows some weakness. LTF I have a small area for longs of PDL and a poor low. Lower would be 78K which is also nice for me. I don't want to see it drop below around 76K because then it starts looking like the alternate bearish count over the bullish count. 🤝 Still going for the bullish count here currently but also do like the idea of shorts soon. Big level to get above for me is 85K. If we get below 73K I'd likely say we head for the 60K lows and move up was corrective.$BTC 🧪 Got the pullback we expected however did go deeper than expected. - meaning I likely think this is a wave 4 here instead of a nested wave 3 as depicted below. Ultimately this also ties in nicely to the 85K short zone I'm watching for a larger pullback before the next leg up. Overall trend is still up for me and looking for longs.View original on X ↗
Deterministic: the same prices and policy always give the same result
r = 77493.77 / 76778.23 − 1 = +0.9%d × r = +0.9% (neutral only if the price is unchanged) → correctOnly the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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