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Bitcorn

Bitcoin 🌊Salutations, In the esoteric realm of Elliott Wave Theory, the fourth oscillation has a strong tendency to revisit the territory claimed by the previous degree fourth wave. When one applies this law to the labyrinthine chart of Bitcoin, an intriguing correlation emerges with a distinctive territory that lies between $3,000 and $6,000. This is no ordinary territory; it's a magnetic nexus of institutional curiosity - a place where the public supply will dissipate like an apparition once this so-called "bear market" concludes its melancholic serenade. Upon the successful implementation of Wave 4 (eloquently depicted in this particular scenario by an elegant double zig-zag pattern), we can then initiate a gargantuan phase of markup as wyckoff would refer to it. This titanic of an ascendancy will go on out to complete the Grand Cycle Fifth Wave of Bitcoin, rising like a leviathan from the oceanic depths of market fluctuation. --- w4 - $5,700 w5 - $810,000
CRYPTO:BTCUSDLong
by notoriousbids
3
Pi Cycle Bottom - Another Datapoint. $BTC #BTC #BITCOINPi Cycle Bottom Indicator, which is just a modified pair of moving averages, has just flashed a bottom, which is just another data-point to confirm my thesis that the bottom is likely in for this bear market. Does it mean we won't revisit the lows once more (17.6k)? No, anything is possible. In investing and trading all we have are probabilities. There are many other charts I have posted which bring confluence to the fact that the bottom is likely in for BTC. If you aren't averaging in over the next 6 months, then you aren't a savvy investor, in my humble opinion. You're a herd follower and listen too much to the fear-mongering "Macro" narratives pumped out through the media and on crypto-twitter. This is typical of markets, always looking for sentiment shift before getting their feet wet. This is a fine strategy, of course, but not for maximum gains. Every % move up from the bottom, diminishes the returns you'll get exponentially in the long run. Don't sit on your hands too long. As always, this is NOT FINANCIAL ADVICE, just my opinion and what I am personally doing. I am all in for the long haul. 2025 is my time-frame to start harvesting profits and likely exiting entirely.
INDEX:BTCUSDLong
by TheTraderAndy
2
"A violinist on the Titanic". imagine for a second that there was a massive bitcoin etf coming into the world soon, and you were a large institution. would you rather? A. buy btc for 60k B. buy btc for 25k ------------------ despite the recent price action, and despite all of the "news", a part of me still doesn't feel right about this rally. there's just something really ominous about it, which is hard for me to explain. i've shared my bullish bias on crypto, and i've shared my bearish bias's as well. after weighing the scales, i've got to lean bearish up here - simply because of how corrections work, and the devious market psychology that comes with them. ----------------- i never really did think that the larger wave 4 was in due to the huge time imbalance between w2 and w4. some say that time doesn't matter, but in reality time is all we really got. i'm calling it right now, when btc pokes that upper 57k region, it'll be equivalent of the moment of when the titanic hit that iceberg. you see, i'm not a bear nor a bull; i'm just that guy who plays a violin on the titanic. ----------------- wave C target = 57658 wave 4 target = 25.5k. 🎻
INDEX:BTCUSDShort
by Eloquent
47
Bitcoin (Macro) Elliott Wave Theory Analysis.Good afternoon peoples; Thought I'd share my macro outlook on Bitcoin with you all. This particular count has been one of the biggest challenges I've ever faced in these markets, but after a few years of experience - I feel I've finally tackled it. ----- To keep things real simple, the chart says it all. I think we're going to see 22k by around July, after which btc will run to 126k. 126k will mark a significant cycle top, and a very large correction will take place after (which could last a few years). I'm not going to talk too much about that right now since that's way in the future, but I will absolutely bring it up when the time comes. ----- The market is by no means linear, so my view is subject to change as more data presents itself in the months ahead. If any significant changes take place, you know I'll be the first to give you an update about it. I've no bias in this market, I don't read\watch the news; all of my projections are strictly based on the methods that were taught to me by a very talented technical trader. I have no idea what will cause these large moves either, nor does it matter to me right now. The chart paints a very beautiful picture, and it is based off this picture which I base all of my trades on, nothing else. ----- Grand Cycle Wave 3 = $126k Grand Cycle Wave 4 = $10k Grand Cycle Wave 5 = $1.6M 💰
INDEX:BTCUSD
by Eloquent
7
btc \\ alternative scenario wanted to share one more idea, this one here is quite simple. 👇 >btc gives us one more fake out to the upside, >a fake out to the downside, >then it squeezes up to 53k to complete the larger mean retracement. ---- -this scenario is a lot less probable than the few i've shared over the last few days. -i'm calling it an alternative scenario as it is the one that would shake out both the bulls & the bears + provide a ton of liquidity to mm. ---- Wave 4 target = $43,796 wave 5 target = $53,317 🥂
by Eloquent
6
Bitcoin to the 🌑or the 🚽BTC looks like a possible Ascending triangle, or a head and shoulders. I personally think ascending triangle will be the play but that's me DYOR, I think the bottom is pretty much in for now maybe test the low-mid 40ks again maybe 39k. we are sitting on the golden pocket as well some bullish divergence on the weekly and possibly the monthly for now. 58k then id expect a possible 20-25% drop again, 45k-47k then hopefully we break that top line and moon at some point, patience is key. or worst case we go down possible downside target if we do, make sure to plan for both and again DYOR.
COINBASE:BTCUSD
by DeekuNutz
5