Bitcoin's Elliot Wave Count Say's We Hit 11.6K!!!Please check out my elliot wave count guys, tell me if your count says something different, all the measurements line up tooooo perfect to ignore this overall count to 11.6K to finish the 5th!!!! THANKS YA'LL
THIS IS MY OPINION NOT TRADING ADVICE!
CHARTMAFIA
Bitcoinpriceprediction
BITCOIN PRICE WILL DO AS I SAYFibonacci king back at it to get this through your brains guys! FYI IF YOU DONT TRADE OR TELL POSITION, DONT COMMENT ANYTHING IGNORANT, THIS IS FOR TRUE TRADERS WHO WANT ADVANCED ANALYSIS TO GET THOSE EXTRA $$$, not financial advice, just my theories applied to charts and my opinion's
LAST 5TH WAVE FOR 11,5 USDTIn this scenario I developed the possible trend of the price through supports and resistances through a pulse wave. The impulse represents the conclusion of the main elliot cycle in section 5.
After 10.5k usd, I expect a flat retracement (ABD). From which I would expect after a short horizon phase a new impetus towards 14 / 20k.
Obviously it is a simulation of a bullish scenario, between consolidated supports and resistance.
However, I believe it is more likely than in a bearish scenario.
BTCUSD - The halving is over an now it´s bullish! Really???The halving is done and we have seen a bit of volatility the last hours before. Now to the moon??? I wish for it but i don´t expect it.
What is the initial situation:
- We see lower highs along the falling purple line
- At the Moment we see a lot of resistance in the area of 10.000 - 10.500
- Seven positive weeks in a row
- The halving
- A lot of hype on youtube and in other media
What can we expect:
I quote a song by QUEEN "Too much love will kill you" and change it. "Too much hype will kill you" . I wonder all the time why everyone is so euphoric. The fundamentals are one but i don't see any change in the chart. It doesn't change anything when billionaires enter the market or youtubers call out the moonshot. When everyone talks about it, it usually happens differently.
Chart technology is always about probabilities. Basically anything is possible and we can see pumps in between. Based on the chart situation, i expect a continuous sideways phase with a tendency downward trend. In my opinion, this is healthy for the market. Interest and reporting will likely decrease and people start to doubt. That is what I want to see.
In summary, i expect a longer sideways phase in a larger range. We will see little pumps and dumps. As long as we don´t see any new lows below 3.800 $ or any new highs above 10.500 $ or even 14.000$ we will form a longterm bottom and that is good for the long run. That can even take years.
Please leave a like or a comment!
Intermediate Trading opportunity✴️ BTC Update #BTC_Update
Yesterday's session was extremely quiet compared to previous days, that is a fact. As a result, the trades on the daily chart yesterday, namely a short at 9600 and a long at the 7300 level are still in the pipe.
The daily technical situation remains negative, but on a 4-hour horizon, the indicators are positive.
📈 Trend follower
Negative in 4 hours and positive on a daily horizon and 1 hour.
👉 What to do?
We can see that the BTC is currently in a weekly liquidity zone and we are not going to wait either 9600 for a short or 7300 to act. Indeed, the BTC has settle down and we can now take positions on shorter horizons.
As the 4-hour technical situation is positive and the daily indicators are negative, a rise to 9600 is not impossible before a resumption of the bearish trend. This is why we will wait for a breakout of the 8950s and enter pullback to target 9600.
Be careful with your leverage and use only half of your usual risk on this trade.
Enjoy our analysis!
Your 4C-Trading Team 💚
BTC / USD — Great RektcessionHey guys!
Rektcession just started for most of people.
I am looking at this as opportunity, for buying.
Don't get me wrong — I have plan B.
Let's get to the point:
Look at EW structure — I found Ending Diagonal here, this could be, like 70% probability for end of wave (1).
Of course 70% probability is shit for many of us. But it is better from zero.
It is positive mathematical expectation — this is what we need in order to win trades.
Keep your strategy simple.
Can't afford to lose?!
— Cut the trade off and see the market next time.
Stop guessing.
Learn.
Think.
Act.
and of course:
If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊
Stay tuned to Artem Crypto,
BR Artem Shevelev
Long the retrace!✴️ BTC Update #BTC_Update
What's new since the last update, guys? The BTC came to test the $10,000 level and is currently trading around 9750.
The daily technical situation, although extremely overbought, remains positive. The technical indicators for the 4h horizon also remain positive with nevertheless some signs of bending.
Is this necessarily the end of the rise? Not necessarily, but a pullback would be normal after a rise of this magnitude, especially below a strong psychological level such as $10,000.
📈 Trend follower?
Positive over the 3 analysis time horizons.
👉 What can I do?
Even if a drop, a retracement would be quite normal after this rise, it is not impossible that the BTC continues its ascent in a straight line, boosted by the narrative on the halving.
Nevertheless, we will not act on this assumption and our entry point at 8950 remains valid guys!
Be careful with your sizing, no unnecessary risk!
13800 Consolidation fractal!✴️ BTC Update #BTC_Update
What's new since the last update? Bitcoin has rebounded and is currently trading above the 9000 level.
However, the daily technical situation remains negative while on a shorter horizon, in 4 hours, the technical indicators have given a buy signal.
It is also interesting to note a fractal similarity with the consolidation period that followed the rise to 13800 last summer. Indeed, at that time prices were bouncing back on support with a high point getting lower and lower each time, all accompanied by decreasing volume. That hypothesis is aligned with our long proposal below.
📈 Trend follower?
Positive on the 3 time horizons.
👉 What to do?
Our long opportunity at 7800 still holds, but we also have a "safer" solution at 7480. The target for both is around 8400.
Stay safe!
Enjoy our analysis!
Your 4C-Trading Team 💚
Bitcoin retests Log Support 9500. Path to $1500 BitcoinSorry I haven't posted in a while. I had many of my trades banned by tradingview and it pissed me off. This one I needed to share.
Bitcoin recently lost it's log channel trend. This was a trend that had been respected for 7 years. Losing this channel was a very bearish signal IMO. Although I am MASSIVELY BULLISH on bitcoin in the long term, I believe we are on course for a multiple year bear market which will see bitcoin bottom out somewhere between $900-$1800.
On my twitter account, I posted multiple warnings in this area and I believe we have successfully retested this broken trend. However, this is a very critical time for Bitcoin. Our path to 50-100k bitcoin in the foreseeable future lies here.
Bullish
If we can reclaim this log channel, this would be a huge shakeout from losing this log trend and reclaiming it would be massively bullish. I would want to see 2 closes in the log channel for confirmation to be bullish again.
Another lesser bullish scenario would be to continually retest this channel over the coming weeks, knocking on this resistance line, makes it primed to break into the channel again. But this scenario still leaves the possibility of a dump. It would be slightly more bullish than bearish.
Bearish
This is the scenario I am leaning towards. Retesting this log channel was textbook of losing a major trend and having a successful retest. I think $9500 will not be seen for many years to come. Now that we have lost this channel, I believe we should see either a) A sharp sell off for the next year or 2 OR b) A sideways consolidation between a range (3k-6k) before a breakdown and starting a new bull trend. I think we are more likely to see a sharper sell off into the next year or 2 and then a bottoming out, and the start of a new bull channel where bitcoin can begin it's real bull market.
Let's long the retrace guys!✴️ BTC Update #BTC_Update
It's a new week and a new month starting guys, I hope you all had a great weekend! What's new since then? Bitcoin has been relatively quiet compared to Wednesday's pump.
The daily technical situation is now negative with a buy signal given on the WaveTrend. On the 4h horizon, the technical indicators are also negative.
📈 Trend follower?
Positive in 4h and daily and negative on the horizon 1h.
👉 What can we do?
Bitcoin failed to register a higher high over the weekend and we can therefore expect a decline. Is this negative, not at all, this will give us the possibility to open a long position on a retest of the 7800 zone.
In the meantime, be careful!
Enjoy our analysis!
Your 4C-Trading Team 💚
BTC Long entry still valid!✴️ BTC Update #BTC_Update
What's new since the livestream yesterday? Not much we are forced to admit, but the BTC has nevertheless broken its 7800 level and now stands at 7880.
The daily technical situation and 4h remains positive for the moment despite an overbought situation and signs of bearish curvature visible on the daily TF.
📈 Trend follower?
Positive on the 1h and 4h horizon and negative on the daily TF.
👉 What can we do about it?
As we explained yesterday during the stream, the BTC has gained some levels and registered a higher high. However it is very risky to predict exactly the turning point.
So it is indeed possible on the shortest timeframes to find a short position after support break, but this is not how we decided to proceed.
At the current top, if we look at the Fibonacci retracements, the proposed purchase area now corresponds perfectly to the golden pocket 61.8 -65. That's why the trade is still valid guys!
Be careful though!
Enjoy our analysis!
Your 4C-Trading Team 💚
BTC Update✴️ BTC Update
The situation remains the same guys, the BTC is still under its 7800 resistance zone at 7700.
The technical indicators on the 4h horizon have just crossed downwards, and therefore give a bearish signal. On a daily horizon, signs of bearish curvature are visible on the WaveTrend but indicators haven't crossed yet.
📈 Trend follower?
Positive on the 1h and 4h horizons and negative on the daily horizon.
👉 What can we do?
The proposal to trade in the 7080 - 7185 zone remains valid guys, patience while waiting for the entry point!
Stay safe 😉
Enjoy our analysis!
Your 4C-Trading Team 💚
Next trade BTC!✴️ BTC Update
What's new since the last one? A little rejection, guys, which brings us closer and closer to yesterday's proposed entry point.
Currently around , the BTC is evolving from the 7050, the BTC is evolving in a daily technical situation which is positive again. On the 4h horizon, the indicators are still positive but show signs of a more and more serious bearish curve.
In addition, a sales signal has been given for the 1 hour time horizon.
📈 Trend follower?
Positive in 1h and 4h and negative on the daily horizon.
👉 What can we do about it?
The trade proposed during the last analysis remains valid, so we will wait for a return to the buying zone between 6900 and 6980 in order to open a long position.
Targets will be 7080 first, 7200 second and 7450 in extension.
Be careful as usual guys, no oversizing!
Enjoy our analysis!
Your 4C-Trading Team 💚
Long to the short zone folks!✴️ BTC Update
What's new since the last update? We approached $10 near our short entry point, before dropping to 6800, which would have been a great TP point. This trade is no longer valid, guys, next!
Bitcoin's technical situation is positive on the 1h and 4h time horizons and the daily horizon is starting to show signs of bullish curvature.
📈 Trend follower?
Negative on our 3 main analysis horizons.
👉 What to do?
For the moment we'll keep it simple, if the 6950 breaks, we go long on pullback to target the resistance zone at 7120, which will be used to take our profits and switch to short.
In the meantime, no bullshit with your leverage guys!
Enjoy our analysis!
Your 4C-Trading Team 💚
Let's short that BTC!BTC Update
In the last update, I was talking about the 6950 level and its importance for a possible bullish continuation. This last level didn't hold and the BTC is currently trading at 6880 after having reached a low point at 6750.
The technical situation is negative on the daily and 4h horizon even if we can see signs of bullish curves on the 4h indicators.
📈Trend follower?
Negative in 1h and daily and positive on the 4h time horizon.
👉 What to do?
The 6950 level didn't hold, so we didn't get our higher low. Moreover, even if the 1h technical indicators show a possibility of rising, the technical situation in the longer term is also negative.
A short term rise is therefore possible, which will allow us to open a short position as we approach the 6950 level.
Stay safe guys! 😉
Here is my vision for next 2 weeks 16/04 - 1/05I'd say Bitcoin's momentum is neutral .
However, on smaller timeframes we can see that a buying power is trying to push Bitcoin above 7100 .
From a technical point of view we have a first resistance around 7100
If we break the 7100, the EMA 100 located around 7500 + simbolic level will surely be a place where the bears will be located.
I think it will take two more tries before Bitcoin can break the 7500 and then go get the 9000 where a lot of sellers can be there
So I'll stay buyer as long as we stay above the monthly pivot point of 6700 .
For daytraders an excellent scenario would be a break from the 7200 and then a return to the 7100 .
For swingers an excellent opportunity was to take position around 6700
A second chance could be a stabilization around the 7000 and a break of the 7100 ,
the stop loss should be around 6850 and a TP1 8000 (Risk reward not really interesting) but with a good trend follower everything is possible.
In the selling senario a stabilization in the lower part of the bollinger band and below the "monthly and weekly" pivot points would be a good sign to sell.
Don't forget to follow me on twitter .
A Fakeout to govern them all!✴️ BTC Update
During the last update, I was telling you about a possibility of higher shorts, in case of a test in the next zone, i.e. around 7300! Well it ain't happened.
The Bitcoin grew last night but not enough to even reach 7200 but that doesn't totally rule out the possibility of a fakeout before a further drop.
The daily technical situation is now positive with a buy signal given on the Wavetrends and the 4h indicators are also positive.
📈 Trend follower?
Positive in 1h and 4h while the daily horizon remains negative.
👉 What can be done?
For the moment we are clearly in a trading range, failure below 7200 at the beginning of the session. As long as this range will not be broken we will short under resistance and buy support.
Beware however, I prefer to wait for a fakeout and place myself after confirmation, it would be too dangerous to blindly short 7200 given the current context.
Be careful and watch your leverage guys!
BTC : Here's the short-term compass✴️ BTC Update
The downside risk was present and so we saw a drop to 6470!
However, the BTC formed a Swing Failure Pattern around its ~6600 support zone and a potential bullish divergence was visible within 4 hours, so I closed the short position around 6680 this morning.
This was just before the BTC pumped almost $300 to trade now around 6900.
What the fuck!?! Exactly, guys, what do we do now?
The technical situation is positive on the 1h and 4h horizon and some signs of bullish curves are visible on the daily horizon.
👉 What to actually do?
1) For the moment Bitcoin is rejected under 6980 and short positions are closed. If prices fail to break this level, it will be an additional sign of bearishness and we will then try to go short on low TF.
2) If however, this level breaks, I will open a short position around 7200 and aim for a return to 6980.
3) A real break, not just a wick, above 7200 and I'll consider opening a long position!
While waiting for more development, stay safe guys!
BTC : No volume and stagnation✴️ BTC Update #BTC_Update
What the hell's that BTC doing? We've been rejected twice under the 7450, which is pretty bearish, but still no massive drop.
The daily technical situation is still positive while the technical indicators are negative on the 4h horizon. On the 1h timeframe, the WaveTrend has just given a buy signal, which does not rule out a short-term rise.
📈 Trend follower?
Still positive in the daily and negative in the 1h and 4h timeframes.
👉 What to do?
Even if Bitcoin doesn't do much at the moment, our scenarios are ready you know me guys! So we have two big possibilities for action, maybe even three.
The first, Bitcoin breaks the 7500 - 7600 zone and moves far enough away from that level, forms a higher high and retraces. In this case we will open a pullback position.
If the Bitcoin fails to close, at least in 4 hours, with enough space, it will be a false breakout/liquidity grab and therefore a bearish sign. We will open a short position on retest of the 7470s. If the 7200s are broken down, this will also be a great spot to open a short on retest position.
While waiting for either one to break, we'll take our cursor off the trader button and wait for the guys! Have a nice day 😉
BTC/USD price predictionHello crypto fans,
Welcome to our first analysis of Bitcoin price. As mentioned in the chart, we found two really similar patterns in Bitcoin trading price during the years.
1st circle: hard short as seen in March 2020 - very small price variations - jump. That's the typical V-shape.
2nd circle: hard short, because of COVID crisis and big price variations. For example yesterday's market opened at 7200$, then dropped till 6800$, then almost kissed the 7000$ again and now we can see it at 6800$. Don't forget that we jumped way too fast from 5800 to 6800$ and that's the big difference with the picture from the 1st circle. We really have to test again the levels below 6000$ in order to make the big jump in May.
So my prediction for the next days' price is SHORT. 6900$ is a perfect level to get in and stay at least to 5800$. Have in mind that BitMEX CEO said that even a 3000$ level is possible!
For more info you can SUBSCRIBE to our FREE Telegram channel - @HAVEcrypto