Bitccoin
Market Response After the Launch of ETFsComparing Bitcoin and Ethereum Charts After ETF Launch.
Bitcoin's price dropped 20% after the ETF launch. We can expect a similar drop in ETH before it goes up. ETH price has already dropped 11% after the ETF launch, and we can expect the bearish move to continue for the next few days before we see a bullish move.
A good buying opportunity is expected once ETH experiences a 15-20% correction.
Regards
Hexa
Bitcoin Elliott wave count 1HBitcoin going up with an impulse?
Probably as we have 4th waves (red count) now but is this impulse something to build more upside move or we have the end of an extended flat correction(blue count)?!
I am expecting price to reach 29000 zone with the 5th wave and than probably will do a correction.
If the price will keep 27500 level (red line) from there it must start a bigger 3rd wave to the upside.
If the price will go below 27500 we may have the start of the Y wave to the downside that I talked in my previous count! (see the related idea)
4th wave (red count) at this moment corrected enough as price hit 0.382-0.5 fib retracement.
If price will go below 0.5 fib retracement level than this upside impulse count is wrong!!!
Good luck!
BTC/USDT 06.05.22 4H futures tradeHello everyone, if you like the idea, do not forget to support with a like and follow.
long ( 18x 14x ) short ( 18x 14x ) 😉
Entry price : 35818
SHORT :
T1.LowRisk : 31082 %185 14x
&
T1.HighRisk : 32230 %180 18x
T2.🔥 : 31082 %238 18x
LONG :
T1.LowRisk : 40434 %181 14x
&
T1.HighRisk : 39287 %174 18x
T2.🔥 : 40434 %231 18x
📅 06.05.22
📌
Clsk 🎈I was waiting for a wave 2 pullback, and it came sooner than expected due to the offering earlier this week; but the beautiful thing about this pullback, it landed directly into my golden zone where I became a buyer.
Wave 3 target is $55, will probably exit 75% of my position closer to there.
Longer term target sits at $97 for wave 5.
BTC (Prj.2019.P03.E11).Breakout imminent?There are some Fractal at play from 2017 bull run.
As per chart, we have a price that refuses to go down and consolidation taking place under a main resistance line.
Also some time back, I stated the level required to confirm its a bullish trend, open and closing on the daily to take it as a sign.
Fractal at play: Both have the same run up, ALT and then a formation of a bullish pattern and then a breakout, consolidation and up trend (expected)
Another common factor:
2 EMAs and 1 MA crossing over on the 4 HRLY has in the past, indicated a bullish uptrend.
Bitcoin, some more perspective!May have been a tiny bit early on my last call, but the message remains the same, 20k yuan is a sell. Just saying!