AW Bitcoin Analysis - Small Degree Wave Analysis...Thankfully we have a nice clear correction unfolding for Wave 2 of Wave 3.
This makes it easier to anticipate the next decline once this correction is over.
For now, we are in Wave B so we should continue to see prices oscillate in this area.
With the growing systemic risk and global banking crisis developing, we should see a massive decline in the weeks ahead in most markets.
I have been calling this for a while so if you are following my work, you will be ahead of the crowd.
I will be posting updates for selected markets over the next 48 hours.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
1-BTCUSD
Bitcoin -> Bullrun Already Over?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin is now actually breaking below the previous support zone, creating bearish market structure, so at least for the short-term, everything seems quite bearish.
However you can also see that Bitcoin had a quite massive pump recently, the emas also shifted towards the upside, so I just expect a short term correction to the next support zone and then the longer term continuation towards the upside.
On the daily timeframe you can see that the market is basically in free-fall mode, so I am now just waiting for a retest of the next support zone at the $18500 and if we then have some bullish confirmation, I do expect the next impulse towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin (BTC) • poor volume reaction so farBitcoin is hitting the 21.7 support zone with very poor reaction from a price and volume standpoint.
On top of that we have funding rates rising again.
Despite still currently structurally bullish while we trade above 20k. I'm just assuming more downside to come while any up-move into weekly open likely to be short lived unless we start sitting strong volumes on the lows and funding also give more positive vibes.
The books do look very strong into the 21.5-20k range like they are waiting for stops to get hit and absorbed.
Check full video with full extent of my thoughts of current PA and heuristics I'm looking for.
BTC/USD Multi-Timeframe & On-Chain Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
🧯 There is WAR on Bitcoin 💣🔥I will remain Long no-matter what. That's a personal opinion that won't change.
In the video i talk news, inflation, job report today. Let me know yourthoughts.
Links:
1. Biden war on BTC miners: cointelegraph.com
2. Powell war on Bitcoin: decrypt.co
3. SEC failure to safeguard the Crypto industry which i cover earlier this week (Silvergate and FTX):
Combine the 3 and we have this: OPEN WAR! They hate it and they need the money to go elsewhere. that's their interest...not necessarily mine interest or yours.
DATA/METRICS:
NFP was positive today but unemployment rose so it evens it out. Dollar failed to rise and was a good day for Gold: www.fxstreet.com
Nobody talks about average hourly earnings report today which for me is important: 'wages inflation was lower' if I can say it in a simple way: wages cool www.ft.com
Wage price spiral avoided..Great news www.investopedia.com
As data came out, the CME revised the possibility of a 0.50% rate hike to lower: www.cmegroup.com
At the same time banks taking a beating: twitter.com
CPI next week will be HUGE! I expect lower inflation, since energy prices did not pump and wages did not rise. Hopefully next week we have good news..pray!
When Banks take a beating I like to hold Bitcoin. personal opinion and experience:
Can we revisit 18k? Yes, it's possible now
Can BTC go to zero? That also is a possibility
Will some ALTS got o zero? For sure some will!
Will some ALTS succeed? Again, for sure some will!
Do I remain Bullish on BTC? That is a personal statement and mu humble opinion.
After all i can wait.... it looks like the Feds and the US government can't.
One Love,
The FXPROFESSOR
PS. Thank GOD i have a forex account...got saved by Gold this week. Still, very unhappy and FED up with people. Never fed up with Bitcoin.
Ethereum - reverse reverseEthereum - slightly different count then bitcoin but still the same outlook
Bullish - need reverse soon over 1300 and see it test back around 1800 to be setting up to a push to 3200 area
bearish - get down 1250 and lower with an abc correction up setting up to move down ~500 for a 5th wave
not financial advice
Bitcoin - please let the 5 waves holdBitcoin overall macro I'm leaning bearish at this point, but we are in 5 waves up and have a potential for a bullish run.
Bullish - This is a crucial price area for a potential reversal 20-18.5k. Looking for 5 subwaves up and testing back to the ~24k area
Bearish - Getting down to 17-18k with an abc up would point towards the 10-11k 5th wave bottom.
not financial advice
AW Bitcoin Analysis - Let's get Back To Business...No point wondering what the hell happened last night, it's time to get back to business!
In this video I explain what I believe went down and why I got it wrong.
I posted this as soon as I figured out what happened so apologies if you see it late.
It's been quite some process to get it happening.
This move is just getting started so get back on the horse and concentrate.
At small degree: If we break above 20,040 Wave E could extend higher.
Otherwise, a break of 19,772 means this should keep falling.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Can we tag the 200 day ma without breaking below?Traders,
Technicals are still on point. The only question is, "Can we tag our 200 day moving average on the BTC chart without breaking below it"? $20,000 BTC is key. Any break below means trouble. But using it as support without breaking it is technically bullish.
Let's take a look at Bitcoin technicals as well as all the rest of the indicators we have been watching closely.
Stew
AW Bitcoin Analysis - Small Degree Wave Analysis...In this video I aim to explain recent price action and what it means.
I said we were expecting a Zig-Zag for Wave A and we got it, it was small though.
Now we have all the clues in place for how the rest of the correction will play out.
Leave your emotions at the door when you're dealing with markets.
Now, if you don't remember the last video, I have linked it below, nothing has changed.
Corrections expand all the time, if you don't have perspective, what exactly to do you have?
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Key Reasons Why Wave 1 Bottom Completed...In this video I talk about a host of key reasons why the bottom is now in for Wave 1 down.
2 Key waves that give it away plus very bullish reversal candles on the hourly.
If you are confident enough to pick lows then you should be all over this one.
If price was going to go lower it wouldn't have just created these patterns.
Now we focus on trading the first Zig-Zag because this is always the first move in a correction.
Regardless of how you look at the market, all the signs are there.
This also includes the oversold RSI on the 1 hour and 4 hour timeframe.
Every wave must be tracked and documented along the way so we know why we are changing directions and when.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Reversal In Progress for Wave 2...This pattern indicates a bottom, and that a reversal is taking place.
In this video I explain the reasoning behind it as we reflect on the last moves and take profit.
In order to continue to make these profits and the next profits after that we need to understand what we are trading.
Here I lay it all out so as to get ready for the next move.
Learn the waves, specfically AriasWave, to learn how to stay in profit moving forward.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BTCUSD Prediction march 8th: from 21.9k to 32k in the next weeksWe go up hard in the next days from this point onward.
We are in the C wave of wave 4 that likely will push to 32. After we reach this target, I believe we enter wave 5 down to 9k at least.
This will coincide with the start of the larger wave 3 downward in traditional markets
AW Bitcoin Analysis - Alternate Wave 2 Scenario...Before you short anything watch this video as this count potentially signals a spike up in Wave E.
This wave is good at catching people out so I thought I would mention it as it could happen.
When the pattern at the low looks too easy I get suspicious of these sudden pop up moves.
The RSI being oversold the way it is on the 4 Hour hints at a final corrective move.
If I had to adjust my count once again then so be it.
The aim here is to make profits and if I see something worth mentioning I will post about it.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Short Trade Analysis...Overnight we saw that grind lower and smash through the lower channel with some waves revealing themselves in the process.
From here we can expect prices to stay beneath 22,286 as we see prices fall in a third-of-a-third wave.
Patience is key with the start of these moves as they transition between choppy to sharp and impulsive.
I also talk about potential target at the around 15,500 or until we see the first wave down completed.
See previous related ideas down below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BTC/USD Multi-Timeframe & On-Chain Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.