Bitcoin: The Final Move Before a Crash to $3000It seems that Bitcoin has started forming an ending diagonal, which serves as the final impulsive waves in Elliott Wave Theory but has a corrective 3-3-3-3-3 structure, also known as a rising wedge. This wave will likely mark the end of a cycle pattern that began with Bitcoin’s inception, correcting all the growth achieved so far. A correction of this magnitude has no strict limit, but it will likely end at the lower-degree fourth wave, around $3000 per Bitcoin. This is also where the power line lies according to the volume profile. This scenario will gain more weight if, in the coming days, instead of heading to new highs, we drop below $66,500 again. In that case, I expect a correction to the $59-60K range, followed by the last upward three-wave move toward $80K. From there, at the first signs of a reversal, I believe it will be prudent to focus exclusively on short positions, targeting extremely low levels below $10,000 per Bitcoin.
Bitcoindump
Bitcoin to 23500 ? A clear shoulder head and shoulder pattern aims slightly dump.
NOT FINANCIAL ADVICE.
This Bitcoin Pattern Is Showing The Next Move!Back to 22.4K ?In this video Im showing you the pattern that BTC did before previous dump to 19.5.Pattern is happening NOW AGAIN!!!!
If this pattern plays out , 22.4 is comin prolly next week.
Finding these similar pattern is not eazy and is NOT a guarantee that Bitcoin will move exactly like before But it could show the end game (dumpage to 22.4)
Thanks for watching
Bitcoin Dump Signs On Chart Is Insane! Is Today The Crash Day??BTC/4H doing Another Rising Broadening wedge
We made 3 top and each were lower than previous one. the last pump that happen was a liquidity grab.Also On Daily Bitcoin looks very dumpy,H&S could be in play too (mentioned in video)
Keep In mind after the touch we did at 28954 it dumped heavily and then regained it back with a lower high. and the consolidation is inside that red candle and It Formed a BIG Pennant. showing a possibility of a strong dumpage.
There is some Bullish Sign That Ive talked about in video too that could play out and we could visit 31K ( I doubt it though) but worth mentioning it
Thanks for all your support
March 3, 2023| POST DUMP ANALYSYSBITCOIN TA
Well that wasn’t very nice! However, with this post dump, the chart pattern becomes a little more clearer with its story.
The downtrend today could the extension of a corrective wave (A) and illustrates that we have finished a 5 wave move to the upside.
INDICATORS OF THE 5 WAVE MOVE:
The common fib level for a wave (3) is 161.8% of wave (1).
The common fib level for a wave (4) is the 38.2% level of the overall move.
The end of wave (5) coincides with the August Supply Level.
DAILY CHART LOOK:
If this was a wave (1) on the daily chart, the natural retracement would fall between the $20,757 and $19,695 level.
POSSIBLE TRADING STRATEGY:
If this is a 5 move down to compete the (A) wave, the retracement would peak at (iv) at the 38.2 fib level. There SHORT SELL at $22,580 to ~$20,780.
LONG at ~20,780 to ~22,414.
SHORT again at ~22,414 till ~19,724
**NOT FINANCIAL ADVICE** - Leave a LIKE and drop a COMMENT and tell me what you think.
Bitcoin important level, follow the Dollar Index.13:10UTC FOMCSubscribe and get a free Bitcoin and Ethereum trading strategy every day
Today I expect increased volatility in the market at 13:10 UTC Powell FOMC speaks, as always the work of great manipulators may be the S&P 500 index showed a little buying power yesterday, but you should not relax, I also recommend working from a small risk. Now we will discuss with you an important level in bitcoin. And so today also consider both scenarios for both bulls and bears.
Bulls
For a local upward exit, Bitcoin needs to consolidate above the 19550 zone and trade there, the main local resistance level is 19400, but I don’t want to take a short position from it. Expect the result of Powell's performance at 13:10UTC
Bears
Today, after Powell's speech, anything can happen, a sharp drop in volumes with confirmation on TF 1H will give me a signal to trade SHORT positions on the breakdown of the local loy.
Such a scenario for today, stick to your theory, have a short stop order. Good luck
Dollar index is up,SPX (S & P500) drooled, BTC goes the bottomGood afternoon, if you read my ideas on Bitcoin that I wrote the day before, you were aware of the risk when taking care of the local Low, we still went beyond the level of $19520, from where it was possible to trade the breakdown of the level. Now we will consider options for a bullish and bearish way out of this situation. The Relative Strength Index is in strong oversold condition and is drawing a divergence on the 1H timeframe.
Bulls
For a local upward scenario, it is necessary to consolidate and trade above the level of $18745, from where it is necessary to go to the level of 19714 and fix above it. At the moment, not a bad level for opening a long position with a very short stop order, after fixing above the level of $18745.
The Bears
Everything is very simple here, if the S&P 500 index surrenders its level of 3875-3900 and tests from below, Bitcoin will fall and altcoins will fall by 10-100X, the bottom will already be counted as Bitcoin falls.
We are now in a difficult moment for global markets, and even more so for the cryptocurrency market, follow SPX, you have trading scenarios. Good luck
BTCUSD [BITCOIN USDT]Bitcoin Analysis:
After price drop to strong level of support 24172 level we see bulls take the control and push price to upside toward the strong key level of resistance also hit 25k high where 200EMA restest on Weekly timeframe and in short time frame candle close below 25k and also respect its resistance trend line 24936.
What next in #bitcoin?
Price of bitcoin retest its 200 EMA on weekly time frame and close below the trend line in short timeframe this show bearish market structure also important bearish chart pattern triple top formation show some kind of selling pressure in bitcoin. Also evening star candle stick show bearish sign.
ENTRY SHORT 24800$
TAKE PROFIT 24509$
TAKE PROFIT 24131$
TAKE PROFIT 23667$
STOP LOSS 25300$
BTCUSDT [ BITCOIN ] After breakout of head and shoulder pattern on 1h and 4h today 2 Aug price retest its support neckline now as a resistance $23474 and drop towards support of 23k level #200ema break which show short term downtrend in the #btc price towards next important level 22400 where 200ema in 4h which is very strong and good level for buying.
SHORT 23000
TARGET 1= 22488
TARGET 2= 21900
STOPLOSS= 22300
BITCOIN STRONGLY RE-AFFIRMS DOWNTREND. DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND.
This week Rates will be HIKED by the FED again .... Act Accordingly
Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets.
The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for the moment to sell for 6 Long years - they ARE GOING TO DUMP on the exchanges 140,000 bitcoins .
Did I mention that in a few days One Hundred Thousand Bitcoins and Forty Thousand Bitcoins are DUMPED on the Market ?
Act Accordingly.
BTCUSD (BITCOIN)After the drop from 22k now price test its strong support trend line 19500 level. We also see rising wedge pattern and now bulls trying to hold this level. Bullish hammer candle shows the strength of bulls in the market. so after the break out of recent pullback high level 20010 after the cadle close above this level in 1h you can go #long in #btc.
TP1 20454$
TP2 21000$
TP3 21750(Swing trade)
SL 19400
BTCUSDT - pump to 31500$ and dump to 23k$now we have run into a trend line, I expect a rebound from it to collect longists and growth on volumes, which will indicate a strong reversal and the emergence of a bullish movement, but this will be a trap and we will begin to decline strongly on May 30 - the beginning of summer, to 23 thousand dollars.my analysis without fanfare, using the numbers provided by manipulators and big players. The language of numbers, I also used a unique degree system and a system of arcs, you can see more ideas on BTC where the analysis was built from in my other ideas on tradinview. the strategy is this, now I am taking a large long position with the target of 31,500, and after that I will take a large short position from this zone with the target of $23,000, fixing will occur with limits.
btc, xrp, luna, eth, nft
IT ONLY TOOK 5 MONTHS TO GET HERE - CRYPTO.COM ANALYSISNext up on the list of coins to swoop is CRO/USDT
In our previous analysis we predicted the drop down from just under a dollar and identified our current level as a possible bottom for CRO as shown below;
Only took us 5 months but we got here lol.
Following a zig-zag correction currently, in theory, wave C of this pattern should be 61.8%, 100%, or 123.6% of wave A. If it extends to 161.8% then we can expect Wave C to be a wave 3 of a 5-way impulse move (this is why we should apply proper risk management).
Price has currently retraced 100% of Wave A and we'll be hoping it doesn't go beyond our possibble bottom zone aligned with the 123.6 fib support level.
Our targets provided we don't drop to the 161.8% fib support will range from $1.85-$3.6 dollars before a top is in.
Past analysis linked below.
If you agree, pls leave a like, share and comment your thoughts below.
As always, feedback is appreciated!
"'Bitcoin Updates Today 'Bitcoin More Dump or Bounce?btc now stay above its one of the strong support which is 37000$ But If BUlls Lose this support Then BTC next Support will be 36k$ and 35k$
So now just keep eyes on Btc
Trade with proper stop loss
#bitcoin #bitcoinupdates #btcupdates #btcdump #cryptomarket
BITCOIN NEEDS TO MAKE A DECISION RELATIVLY SOONI have outlined to potential situation son the graph here.
1) you can see we have been held up by this lower uptraining zone of support for a few months now. It looks like we are currently finding support at it yet again.
2) Im very cautious of this green uptrending zone as we have tested it many many times over the past few months. The more you test support/resistance the higher the likelihood you will break it.
3) If we break bearish from this uptrending zone our next stop will likely be in the range of 28-32k, down where the lower green box is.
4) We have rejected from the 200 daily moving average back into support.
5) as of right now we are technically in an uptrend on bitcoin, setting higher highs and lows, however the volatility isn't enough for the price action to make a decision. The pattern bitcoin is forming on the daily is typically a bearish continuation pattern in most markets but as we have seen in the past bitcoin will sometimes break bullish out of bearish patterns like this, reasons unbeknown to me.
6) If we do break the red zone of resistance above us, as well as the previous high we just set, we could very well see a move to the 52k region.
7) This is not financial advice and always do your own research before entering the market.
Bitcoin last years to today deep analysis in this chart you see the details APRIL to JUlY Its take time for correction no its seem like same NOV to Feb or chance to b goes up on Jan end according to the last year graph when we see dump.... now waiting for the 29k-31k area where its touch or not and its goes up or not
BTC/USDT Not looking greatCurrently Bitcoin is currently below trending support and now forming what looks to be a bearish channel. I do not have much faith it will break out in the near future. Although BTC has fooled us and pumped before, I am just not sure it will this time. It looks like BTC is rebounding from its most recent dump and can soon hit resistance and fall again. I am preparing you for major volatility, it is important that you use this to your advantage and save potential losses.