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btc 12-10 updatemorning, taking a closer peak at the current extensions we've got going on within the current impulse, and i've to lean into more downside than most are currently imagining. majority think the bottom is in, and we're going to 100k from here 😬 don't be that guy lol. --- sticking to original plan \ looking for the bottom to be in closer to feb\march in the low 30k range just based off fib channels, time ratios & the count before my eyes. i'm not bearish what so ever to anyone wondering, this is Extraordinarily bullish if you've been following along. once this bottom is in, we're going to 151k - mark my words ;).
BINANCE:BTCUSD
by Eloquent
18
btc 12-9 update v2. (bear trap?)Nice little trap today, but it isn't going to deceive me. our system is picking up a 4H algorithmic buy down here; which is a pretty huge signal that's going to launch this in the hours ahead. Might look a bit scary right now, but I'm longing this and not looking back. Targeting anywhere between 53~55k on this next push up; potentially to play out a larger zig-zag (5-3-5). Jumping back into Avax too; the rest of my picks from earlier looked a little weak during that dip for my taste.
by Eloquent
20
december 14th will be the dayWhoops, I accidently posted this as a private post this morning Lol. --- morning, quick update to yesterdays post, looks like we started to play out the alternative scenario after rejecting the 0.65 algo on that scam move up yesterday - i called out an exit on my long right at the peak of that move (within yesterdays post), and have been waiting patiently ever since to re-enter into anymore positions. i think we have a really good candidate here for a flat wave 4 (w-x-y), and it's most likely going to take a little time to play out (5-6 more days), before the real fun begins - aka -> the leap of faith. ---- stay safe ladies & gentlemen 💸
by Eloquent
16
btc 12-8 update ~morning btc is sitting down here in the local golden zone after a 3 wave move down; currently at the bottom end of this little channel we've created the other day. our indicator looks decent for a little push up, but i think it'll be short lived. my upside target on this little swing will sit just above 53k, which will be a very high area of liquidity for shorts, as well as a vortex of confluence as talked about in yesterdays post. ---- wave C target = $53,482
by Eloquent
8
btc 12-7 update~Good morning peoples, One of the mods didn't like my btc update post from last night, and took it down. Still not entirely sure why, he's never even responded to me. ---- anyways, Btc is currently in a daily squeeze, and it's pushing through every technical level I had envisioned for it. This is common during corrective phases, as the market works it's way up to the level it wants to reach before breaking. If this does play out, I'm looking for around 52.5~53.5k as my next area for a short attempt. This area has a massive vortex of confluence, and if it's going to reject anywhere, it's going to have to be from there. 👇 Pushing through this area & holding + consolidating up there for a few days could signify that the bottom is indeed in, and we have completed our primary wave 4 correction through a running flat. 👇 If we do have one more leg down to go, I'm looking for anywhere between 37~34k as the local bottom for our expanded flat target. 👇 no confirmation = no positions for me. patiently waiting from here.
by Eloquent
2
$39k BTC first by March/April, then $112k by Dec 2022?I've sensed some weakness in the BTC market for a while now and I've been trying to make sense of what could happen over the next few months to a year. Originally, I thought BTC would go much lower (sub $20k), however, looking at the bigger picture and the ichimoku cloud, I don't think it's a strong possibility anymore. I still don't think we see $100k BTC this year though, but I think it's likely next year. What makes the most sense to me is to trap bulls here at the end of Q4 and make everyone think that BTC bull run is over. Then rally early next year into the end of it. The scenario would be similar to what happened in 2017 with weakness through the first quarter of the year, and then a massive run afterwards. We just got a bearish engulfing candle on the weekly which makes me think further downside is coming in the near term. Now this is my base case: that we see weakness in $BTC through Q1 of next year w/ a correction down to $39k, (or at lowest $34k on a capitulation around or before March/April timeframe), and then a massive rally through the end of 2022 w/ BTC reaching a final target of $112k and potential blowoff levels above that ($136k or $149k). Let's see how it plays out.
INDEX:BTCUSDLong
by benjihyam
3
BTC retest of the breakout? There is a general negative sentiment around btc. Could this be the end of the bull market? There are 2 possible outcomes, one is the bearish case: Implying there have already been 5 waves to the upside and we are already in a bear market. It is possible, but given the general sentiment of fear I do not think that's the case. No bull market ends in fear, but in euphoria. By taking a closer look at what was the last run from 30k roughly to 69k, we can notice there was a breakout of an inverse head and shoulders, and we are now retesting the breakout level. If this level holds then wave 5 is not over and we could see much more to come. By zooming in we can notice 3 wicks indicating buying pressure: So the first signs for a positive bullish continuation would be a breakout of 49901.71$ and 53058 afterwards. A negative outlook would be in case btc breaks that support line, unlikely at this point of time. Short timeframe is very likely to bounce.
BNC:BLX
by darkpiggie
Bitcoin | The Day of Resurrection😱⚠️⚠️⚠️ IMPORTANT !!! This Scenario Is Not Confirmed Yet ⚠️⚠️⚠️ Frist, let's revise some facts: - The market in general is not a monolithic entity but a complex system of individual, professional, and institutional investors, each making decisions based on their own views and interests, but somehow all of them is believing on the "moon" soon or later. - When assets rise very quickly in price, typically this makes a crash much more likely. Or at the very least a correction, when the price falls back down to a more “normal” level. (and btw no one knows what is the "normal" level for Bitcoin) - Where Bitcoin is heading next is equally unpredictable and everyone is just trying to predict the future. That was a long formal introduction, but I was just trying to prepare yourself for any bad or ultra bad situation 😅 Looking to the last bull trend and comparing it to its historical performance, specially the last ATH, there is something difference, every time bitcoin make a new ATH, Bitcoin pump hugely but this time bitcoin just crashed and we saw a 2.5B+ long liquidations in minutes 🔴 Looking to the chart on weekly frame, we can see a double top pattern is forming on Bitcoin. ⛔️What Is a Double Top? How can we trade based on it? ➡️A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. based on the Bitcoin chart We can see the first top formed at 1 Apr 2021, the second top formed at 1 Nov 2021 and the neckline is around 31900. We have everything now to identify the double top and play according to it. but double top formations are highly effective when identified correctly. However, they can be extremely detrimental when they are interpreted incorrectly. Therefore, one must be extremely careful and patient before jumping to conclusions. so, this pattern is not valid till the bitcoin became under the neckline at 32k weekly. If double top formed and confirmed by closing under the neckline, that mean we are definitely changed the general trend for the first time and we will see a huge panic that will drive us to a fall that NEVER happened before and we may see very low number like 20k, 10k and 5k or even lower, no one really know. but given its volatile nature, it is possible that bitcoin will gather momentum again at some point in the future (perhaps weeks, months or even years down the line). But no one has a crystal ball so it’s impossible to say for sure. The best thing you can do is to not depend entirely on this market in your investment and you must stick to a tight stop loss and risk management strategy. Let's Discuss the potential of this scenario, will it happen soon or it's too early to say that? Take care 🌹
BNC:BLXShort
by Khaledzu
BTC forming an ending diagonal ?I've long held to the theory, that the 2011-2013 BTC bull run is equivalent to the 2015-2021(22) bull run. So my fibonacci lines are from 2015 low to 2018 high. I suspect BTC is forming an ending diagonal. In addition, I would not be surprised to see BTC do a throwover for the final wave 5 of the ending diagonal to nail the 4.236 fib of years 2015-2022 bull run cycle. This would fit very well with the current curve trend of BTC on a log graph. If you are a trend line person, I might as well throw this in there. **TOTAL** Now let's look at TOTAL. If you hold that the bull cycle is from 2018 to 2021, then yes TOTAL has touched the 4.236 fib. But, if the cycle is from 2015-2022, then it has not touched the 4.236 fib. TOTAL has one more push to go. It would also form an ending diagonal. But, unlike BTC that would NOT require a throwover to touch exactly the 4.236 fib, TOTAL would easily touch the 4.326 fib with an ending diagonal **TOTAL3** (TOTAL - BTC - ETC) TOTAL3 doesn't have a history since 2015, so I can't do a fibonacci. But, it is forming the same ending diagonal pattern. It might possibly do a throwover, but I wouldn't bet the bank on it.
BNC:BLXLong
by gz1968
3
What is going on? Is Bitcoin broken?Hello investors and traders. Did yesterdays dump get you down or scare you? You need not fear , Bitcoin is not broken. In fact its stronger than ever. Does this mean prices can not go lower in the short to medium term? No, they in fact can and should be looked at as buy opportunities. How do we determine what to expect? 1 If bitcoin breaks back above the 21 week EMA at about 52.5k in the next week, then we are bullish. 2 If we are above the top resistance at 58.2k at months end then first quarter of next year looks good to run. If we do not do these things then it's most likely we retest lower support at 34k to 35k possibly lower into the blue area as illustrated in the chart before the next leg up. The indicator on the bottom is the NVT and it's still showing strength to me, but we wait and see what happens. In my opinion this is a weak fear trade that will not last long and is most likely the catalyst to the next major move up.. But I honestly don't know as know one does. We simply use the facts in the charts. This not financial advise. * Never let fear dictate your actions*
BNC:BLX
by WeAreSat0shi
BTCUSDT , Did you sell before this amazing dump ??Hello everybody Whats up ? Are you be calm with this amaizng dump ? or Not ? In our Vip channel more than half of our members are happy because of this dump :D :D :D But In here according to the chart you can see the market was dumped and many traders is searching to find a reason that why the market was dumped but it is sh... We are in emotinal candle stick and after that we think we have some rising but we should be ready to have some stop hunter the position and liquidation and after that we are be ready to go up . In December all the time we are be ready to put the fear in market and you can see all the amateurs is selling and go out from the market for many years :D :D :D :D We will publish that chart after this one for anyone you can use it
by Abtin00
I hope you've listened! XRP, ADA, BTC Analyses All Spot OnThese analysis are best viewed on a desktop Browser - I'm not sure why they're distorted on mobile. Nevertheless, in recent months I've posted three analyses, ADA, XRP, and BTC. These haven't gotten much fanfare (because they don't provide you confirmation bias that 'we are going to the moon') My wave counts are unfolding as expected with absolutely valid and high probability downside targets. I know they tend to be wordy, but you will be grateful if you take the time to read/understand. I'll likely be flipping bullish in the coming weeks, but expect more blood, a lot more blood, in the interim. This is why you need to learn, eat, sleep, and breathe Elliott Wave Theory. Please don't forget to leave comments on each individual analysis telling me why I'm still way wrong -- you know, because YouTubers keep telling you you're gonna be rich and your token is going to the moon. Good luck! Justin
Short
by DataMaestro
1
12-2 btc update ~after a lot of thinking, i think we're still in a complex corrective phase. chances are, it is going to go on for at least another 30 days give or take. my upside target remains the same for the longer term projection, but i have reason to believe we see a deviation of course before making that run. everything points toward a 48~50k bottom to end this year, but not before one final bull trap :^). ---- for this swing here, i'm looking to long the mid 55k range -> 61k ----- -----
by Eloquent
6
🌙full credit to @pejman_zwin on this expanding diagonal idea. ---- i'm a big fan of this scenario; here's why. •december 4th is the new moon - historical sell signal in the crypto community. •astrology + numerology play a big role in these markets, especially when it comes to dump sessions. •sub-wave 4 target lines up with about 61k, which is the 100% extension of the recent move up from the local lows, in confluence with the expanding diagonal structure. •expanding diagonals move in 3-3-3-3-3 - which would explain the unusual chop we're experiencing. ---- keep an eye out for this possibility, and expect the unexpected closer to december 4th. if this does play out, downside target for the completion of wave 5 into wave 1\A of a higher degree would sit at about $50,000.
CME:BTC1!Short
by Eloquent
19