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Btc 3-27 update 🐻Good evening ladies, gentlemen, moon bois & girls. I've got a special one tonight. --- A few days ago I talked about 47,777 being a local top - and we saw a pretty decent rejection from this level- though, i don't think it's the top quite yet. i think we've got 1 more leg to the upside before the next phase of the bear cycle begins. I'm watching for a local retracement to back-test the recent highs( for sub-wave 4 ), before the final move up to around 51~53k( to put in sub-wave 5 of wave y of wave X of the higher degree. ) 53k should in theory mark a significant top in the current market + give us a strong reversal to roughly 22k by July. July 25th to be more precise. Once this larger correction is completed, I do believe Bitcoin makes a run to 130k to complete the larger count. 98% of this market is bullish right now, but the wave structure does not fit the narrative of anything more than a bull trap. watch for the final flush, before the real bullish move comes. --- Wave X Target = 51~53k Wave Y Target = 22k. Wave 5 target = 130k. 💰💰
INDEX:BTCUSD
by Eloquent
25
btc 3-25 update ~good afternoon, happy friday o/ have a little update. based on the price action from this week leading into today, i have to toss my triangle idea out the window. we've come quite close to invalidating it anyways, and i have a very strong feeling it's gonna get cut. ---- what i'm proposing here, is a very complex b wave which takes the form of a bunch of smaller threes. good chance it makes it all the way up to 53k (0.65% retracement of the entire drop from the 68k top) but there's a high probability we either sweep the lows of this general area, or come real close to doing so before it launches. count is in a rough draft for now, will update it when we begin the descension.
by Eloquent
7
BTCUSDT for scalping traders - 1H ANALYSISHello Traders! As we see on the chart we have a yellow triangle, we have two scenario: 1 - if the price breaking the triangle upward we buy and take profit at green zone 2 - if the price breaking the triangle downward we sell and take profit at red zone This Analysis is for The possible scenario for BTCUSDT NB: The probability of what I analyzing, is to be true unless the opposite is proven Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching Have a nice trading
BITSTAMP:BTCUSD
by UnknownUnicorn36865916
2
Dow Jones Vs SPX500We can notice that Price movement between these two is very correlated. What I want to point out is the M pattern that bitcoin has also recently printed the last year. Could BTC follow this very pattern and go into a blow off top over the next several months? Personally I think it's a strong possibility that only time will reveal to us. With more and more wall street and institutional investors now in the crypto space, could this be the road to 200k bitcoin? This Is not financial advice.
TVC:DJI
by WeAreSat0shi
btc 3-21 update ~good afternoon peoples ~ i got a feeling we're going to see a continuation of the mini alt season that's currently at play, alts should in theory continue to run until around april 1st. april 1-2, i think we see a significant pivot to the downside, and i think crypto bottoms out by mid june in the 19~24k range. this area is in confluence with the 55monthly ema \\ 200 weekly ma. historically speaking, btc has tested these two moving averages in every single cycle before the next bull run begun. --- ps. not going to share a chart on this one, but watch ape\usdt, i think it runs 100% from current levels. keep a decent sized stop if you play, and don't forget to take profit ;). 💰
by Eloquent
18
btc 3-17 update~good afternoon, been on the sidelines last week or so just observing price action, and allowing the market to show me what it actually wants. i think i've got a pretty solid case to make from here. so long as btc stays below 42698.0, a 20% drop is expected if it breaks above 42698.0, a short squeeze will be triggered, and will invalidate my idea entirely. i think btc stays flat for the most part, until around sunday evening on sunday we see 1 final spike up, and this move will be for shorting with a hard stop $1 above $42698.0. alts might run through the weekend while btc stalls out \ btc.d declines. downside target sits at 31k before anymore longs can be safely taken. ✌
by Eloquent
12
20k.good morning, after further observing price action over these last few days, something doesn't feel right. ---- was browsing through a ton of peoples ideas, and everyone seems to have arrows pointing upwards. people are under the impression that we're in a phase of accumulation, similar to last summer - so i have to make a bearish argument against the majority. i believe btc is playing out a massive wyckoff distribution phase i think we're in phase D right now, which marks a massive sign of weakness in the market. ---- btc continues to backtest the 21 monthly ema for the third month in a row, with no real signs of strength. the last time this happened was in 2018, and we all know what followed after. a support can only hold for so long before it breaks, and the next support sits in the low 20k range. ---- to conclude, i think btc will see a sharp 50% decline over the next few months to flush out the last of the moonbois. only then will we run to 200k. i remain to be: short term bearish midterm bearish long term very bullish. ps. if it comes back up to the top of my local triangle, i'll short it. cash till then. ✌
Short
by Eloquent
13
btc 3-14 update ~good evening, crypto has been in quite the funk lately, my only explanation for this sort of price action is we're in a triangle. technically a triangle within a triangle. double the chop, double the accumulation. --- i do believe the local abcde has been completed into wave B or wave X, and now we're in the midst of the early stages of beginning wave C\Y. bullish invalidation is quite tight, right at 37.1k a break below this level will put us into something a tad more complex; will talk more about it if it was to happen. C\Y target = 52k.
by Eloquent
8
BITCOIN - Be preparedThe first correction that happened in May 2021 marked the first ABC of this correction sequence. Intermediate Wave (W) consists of a subwave WXY. Wave Y consists of another WXY pattern (which explains the insane choppiness of price action from May 19,2021 - July 20, 2021) Intermediate Wave (X) is pretty straight forward and consist of a ZigZag ABC pattern Intermediate Wave (Y) is where it gets scary. We have an impulse wave (12345) followed by an abc followed by another impulse wave down.... not done yet This could have marked the final corrective wave BUT the nature of recent price action makes me think otherwise. As shown in what may be a possible triangle, this may be the wave x out of (wxy) - meaning we may see one more leg down to finalize this correction Currently, I have the bottom projected at around 26-29K. Sounds insane but thats what this markets been. Insanity. Expect the unexpected.
by anthonysom
BTC 2 Scenarios before Breaking 37k 33kHey guys If u were following us - u would know that we has 2 scenarios for btc to break 33k 1st: 2nd: in the first one u can see the date of next bottom its around 20th 21th Marth Or it can happen before this dates Which means - we are gonna have the next bottom in the next coming week and i think the major Bottom can be around May - Maybe 10th to 20th of May - Exactly it could be 14th according to 1st analysis and this old one: Then we can think about Buying and holding the BTC & Altcoins for longer terms before the next dump Anyway we can discuss about that later Have a Nice Week
by Sina-Gr
"The wicked triangle" - update.Hello o/ here's a bullish proposition. back in november i turned bearish via: and we've come a really long way since then. so i'm going to go ahead and make my bullish prediction as of right now. ----- this is an update to the wicked triangle case that i shared awhile back via: basically implying that we're in a larger accumulation phase on a weekly timeframe, which had begun way back in april of 2021. this scenario basically suggests that once this larger abcde is completed, it will put a larger wave 4 in place followed by a parabolic move to the upside which takes us well over 100k to finish that larger wave 5 we've all been waiting on so eagerly. ----- it isn't going to happen overnight, triangles are slow and boring, and make people lose hope but i'm here to say don't give up right before the move. 🥂
by Eloquent
5
BLX / BTC ComparisonAs price hits the middle of the channel, this analysis shows how price still has the potential to extend from here to the top, as it has done in the past (indicated with green) We are in a massive channel, right now as price is close to the major lower trend line , an entry point arises Some of my older posts, below Show a large parabola, this line is currently being tested if it hodls and bounces strongly continuation up is likely Here are some more analyses
BNC:BLX
by Bixley
1
BTC close short and long itIn this Areas - we can try to long BTC we shorted BTC from 44K To 40k (as u saw the last analysis) I just closed my short - i think i m going for a long to 53k which was my 3rd Scenario in this Analysis but if 33k breaks - then we are probably in terminal - otherwise we are in Triangle I m Also Longing CELO + ETH If we are in Triangle (BTC) - then Altcoins like celo will pump very well (the pump already started from 2$ for CELO) Market is Dynamic - so thats why we need to update our scenarios - 1 Candle in 1 min Timeframe can always change the whole story - so we go step by step
by Sina-Gr
3
btc 3-6 update 🔻good evening, coming through with some bad news here. btc does not look so hot breaching the local golden zone as i type this. there was no absorption \ no demand in one of the highest areas of liquidity, which is not a very good sign for the bulls. ----- i've to deviate from my bullish approach towards the market as of this moment, and lean towards this idea which i shared last week via: I call this scenario, the wave triangle. ------ i've noticed over these last couple of weeks as btc continued to range sideways, that there was no real momentum behind any of these moves. we've continued to build bearish divergence on the larger timeframes, and we are currently about to backtest the monthly 21ema yet again. it isn't going to hold forever, so i do expect a breakdown eventually which will take us to about 24~20k. this is not something many people would ever think of happening, and it will surely catch a ton of humans off-guard. as of me typing this, 97.1% of the cumulative market is net long. 2.79% of the market is short. think about that for a moment. ✌
by Eloquent
10