BLX
Hopium 1.0Hello, my beloved desperate souls, treading the orchards of this fiery battlefield.
Fibonacci retracements measured from a previous bottom to a previous top have always signaled a dump to the 1.618 level in the ongoing run.
This terribly amateur chart is your last hope of the day; the lone Gandalf holding the bridge; the last gasp for air before the inevitable demise. It's like a knight cantering on a white horse at the light of dawn, before an arrow whizzes by and hits his knee. It's as delicate as ice-cream, which melts at the first sign of your internal stroke.
Thank you for your participation in the cryptocurrency experiment.
Classic 5-3 Elliott Wave pattern on the daily chartSo what I am seeing is that bitcoin has done a 5 wave impulse to the upside since breaking out from its ATH in December 17th of 2020.
It has now been followed by a typical ABC pattern correction.
The bullish scenario would be another 5 five to the upside (This happened in 2017)
The bearish scenario would be a macro trend reversal for more downside to come.
It is not yet clear if the C wave has found its low. But the low is in line with a classical Elliott Wave correction.
EDIT: The support seen is a trend-line drawn from the crash in March of 2020. It has now been touched for the third time.
BTC/USD (32k Weekly Key Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin weekly swing top has been set at 64k dollars
-The recent dump touches its weekly strong support zone
-We can see a bullish rejection near the 50W moving average
-This is a good sign but still not enough to push the price back above
-I think we will trade below the 40k or low 40k zone in the coming days
-Expect high volatility so please use proper stop loss location and risk management
-Some info is in the chart kindly check above
-Thanks all for the support! keep safe!
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If you need help/advice don't hesitate to
Send me a message here PolarHusk 😊
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THE END IS NEARbottom target 25-30k... that means the end is near. Do not sell now and regret later. YOu should stay strong.
those who are looking for trades there is shorting opportunity if you want to take it. Some alts got 10x opportunity if you buy them now :)
overall market is just shaking weak hands.
BTC, could you please tell us where we are now?BTC, could you tell us where we are now? What is the big picture.
If we look at Bitcoins all time history in BLX chart, we can find trends and similarities. This situation looks like very similar that we had in 2013. I believe that we are now half of way in Elliot waves five wave sequence first wave. This price is also corrective wave 2. bottom. Now we are putting some concrete in this 30-40k$ levels, cause this is our important support level. Don´t mind the time frame of future predictions, cause it´s just impossible to predict. Key thing here is Elliot wave trends and support levels.
So what could shoot us up from this levels that we are in? If shit hit´s the fan, who is king? Simple answer Bitcoin. Now we have extreme fear in market, index low as 19. When we have fear, how alts are doing? Not so good. I believe that alt market is going to have some crash when traders move their alt positions to BTC. This will shoot BTC to flying again all the way to wave 1. top. From there we will have nice correction to these levels again where we are now.
What news are telling or what Elon is tweeting etc doesn´t matter in big picture. It only hits market in minor scale but it looks like big thing when you live with your charts in small time frames. I think in big picture time is on our side, always have been if you look at history. There is absolutely no time to fear now, cause fear and emotion is your biggest money killer. If you act like most of the heard, you are just that successful as most in this market. When you switch you mindset just opposite direction, then the beauty comes. You start taking position when market is in fear and selling them when market is in greed. Simple as that.
This is not trading advice. This is only hypothetical prediction where we are and what could happen. Cheers to all, have no fear, cause now is time to be brave :)
BTC/USDT (Saved by 3D 50MA Support?)💎Technical Analysis Summary💎
BTC/USDT
-My last BTC update was still trading in a small range around 55k-58k dollars
-The bitcoin bears won the game after breaking its local support at 53k dollars
-The price touches the 3D 50 moving average and the price reacted with a strong push-up
-I think the bitcoin bulls defended this important moving average like history on September 2020
-We may see a temporary bounce to retest the downward resistance at 55k dollars
-If the bulls can clear the resistance above, the chances to continue the trend higher increases
-But if another rejection will happen, a major support retest is likely to happen again
-And if that bearish scenario plays out, the bulls will be in trouble in the coming weeks
-I'm expecting a sideways action inside this triangle pattern until June
-This would be a good chance for the Altcoin to bounce up if they are holding at key support
-Please exercise proper risk management because the game is starting to look difficult
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This is not the Top for BTC - Bitcoin Analysis All indicators suggest bitcoin is just at the beginning of its bull run
And with such a small amount of time in a bullish state it begs the question 'isn't there more?' (ive heard that before)
Bitcoin in the near future will dominate, carrying along with it Ethereum. Ethereum always makes the first move.
If the BLX log chart is at a point of a breakout, it could be huge. Or I've simply drawn the channel wrong.
Have faith
BTC/USDT (Sideways Trading?)💎Technical Analysis Summary💎
BTC/USDT
-Hello everyone, I'm not able to update my BTC idea
-Because there is no significant data at the moment
-Bitcoin is still trading within the Neutral to Bullish zone
-We can see BTC tried to close above 58k dollars
-But the Bears easily send the Bulls back inside the ranging zone
-Many altcoins are benefiting from this sideways trading for the past few days
-And if Bitcoin can finally regain momentum above 58k dollars in the coming days
-Expect these altcoins in the accumulation zone or upside potential continuation
-Will start to break into new higher highs or extremely behave like a rocket ship to the moon
-Guys, please trade responsible and immediately adopt what the market is telling us
-Risk management is the key to survive this game
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BTC/USDT (New Short-term Key Support?)💎Technical Analysis Summary💎
BTC/USDT
-The bulls entered the market with a good bounce back above 0.5 Fib level
-We still have 6 hours left before the daily candle closes
-And if the bulls can maintain above 55k dollars, that is a good sign
-Especially we are seeing good news in terms of fundamentals about Bitcoin & Altcoins
-We are large-cap altcoins are performing well for the past few days
-This is because the BTC Dominance keeps printing lower lows
-And Bitcoin is expected to move sideways within a range for May
-I think we will have another good altcoin season for a few weeks
-But we can not let our guard down, we need to consider the bearish scenarios as well
-I'm eyeing a few altcoins which have not created any significant move yet
-If the market condition will be in our favor this month
-I'm expecting these potential coins can big percentage gains within few weeks
-Alright, Have a nice day and stay safe!
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Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
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BTC/USDT (The Bulls Must Hold)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is still trading within the mid resistance zone
-Currently facing minor rejection at 0.618 Fib resistance
-The good news though is the price is holding above the 50DMA
-For me, as long as the 55.8k dollars holds, I'm still bullish
-But if BTC failed and closed below 55k dollars, the bears might re-enter
-We are seeing Altcoins performing well for the past few days
-As the BTC Dominance chart keeps printing a lower low at current at 48 level
-If in case the Bulls can break higher above .618
-And the BTC.D continue to drop or consolidate for a few days
-I think the Altcoins will continue to perform stronger against Bitcoin
-Because BTC will still trade in a range until the 65k ATH is broken
-Please do not just FOMO in on Altcoins that had already pumped so high
-Look for the potential next coin that still in the accumulation phase
-For a high-quality risk to reward ratio perspective
-But this is only for those who have a lot of patience
-Because this is where big money is made
-Thanks for reading my idea!
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Bitcoin BTC Bart Simpson Wyckoff to 20kIm starting to see Bart Simpson all over the place.. let me know what you think is the comment section... Maybe you know about Wyckoff Phases.. one of my member bring this back today, Bart Simpson is Richard Demille Wyckoff :-)
Do you think this scenario is possible?
As a trader, we should be familiar with some of the leading theories concerning market structure and cycles. Some of the more popular ones include the Elliott Wave Principle and the Dow Theory.
If this plays out 20k ? Last 2017 Bullrun !!Top
BTC/USDT (Testing Mid Resistance)💎Technical Analysis Summary💎
BTC/USDT
-Looking at the 2D time frame chart, BTC found support at 50MA
-We can see two perfect rejected candles closes above the 50MA
-And followed by two green candles and trading at 56.6k dollars
-Currently, Bitcoin is facing a minor mid-Fib resistance zone
-This resistance area is the previous bear flag last April 17-19 trading
-If BTC can reclaim above the 58k dollar and hold
-I think the probabilities to retest the all-time high price increases
-This current 2D candle closes in the next 6 hours
-This is very important to determine the next potential price action this weekend
-And for the first time, the monthly candle is about to close in red
-We will have an indecision candle if we can see higher highs or start to correct
-So please always follow your stop loss because is the only way to cut our emotions and reduce the risk
-Have a nice weekend everyone and stays safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
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BTC/USDT (100D MA New Support?)💎Technical Analysis Summary💎
BTC/USDT
-BTC closes below the 100D MA yesterday but was only a fakeout
-The Bulls may have found the new local bottom today
-The 47k dollars is our key level to maintain in the coming weeks
-We know there is a big CME gap from 57k-62k dollars
-This area perfectly coincides with the 50D MA and Fib resistance levels
-Bitcoin must regain above 60k level and hold it for a few days
-To increase our bias back to the bullish side
-If the .618 Fib and 50D MA turns out a strong resistance
-The Bears may enter the market and send the price down again
-It will another challenge for the Bulls to defend the 47k support zone
-I will shift my bias to the Bears because we may form a potential H&S pattern
-For now, let us focus on what the market is telling us and act accordingly
-Please trade responsible because the market can turn around us any time
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BTC/USDT (Testing 100D MA Support)💎Technical Analysis Summary💎
BTC/USDT
-After the breakdown of the upward trendline support and 50D MA
-The price continued lower and currently testing the 100D MA area
-This is the second day of trading just barely above this important moving average
-If the Bulls failed to defend this current level
-Bitcoin could drop to 44k area which coincides of previous key pivot of support
-Take note of the increasing bearish volume which indicates a warning sign
-Please be cautious at the moment because there are no signs of bullish strength yet
-Make sure to follow your stop loss and try to reduce your position size
-Only strict risk management rule can help you survive during this type of market condition
-I will update the market once new price action develops
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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
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BTC/USD (54k CME Gap Filled)💎Technical Analysis Summary💎
Bitcoin CME Futures
-Bitcoin creates a big CME price gap from 62k down to 57k zone
-We didn't see any bounce up reaction to fill the big CME gap above
-But what BTC did is filling the small gap last March 29 around the 55k-54k area
-Currently, the price is trailing just above the 200MA support at the 6H time frame
-If BTC holds this area, the next potential job is to complete filling up the price gap above
-This is only my bullish scenario regarding the CME price gaps
-Not all price gaps get filled all the time, this is only our future reference of potential price action
-The most important thing is to follow our trading plan and correct risk management
-As of now, the market is still not stable, I recommend waiting a bit longer to confirm our next bias
-Being patient is also a key to success because you are waiting for the proper timing to get back in
-Have a nice day everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins miguelsotelo139 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
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Bitcoin whats next v3 and beyondI know this is a controversy posting, but i take this seriously and i will ignore people killing want to killing me for that ....
Possible way for btc in the future ....
THIS IS JUST AN IDEA, KEEP THIS IN MIND!
DO YOUR OWN RESEARCH (IF YOU CAN)!
DON'T BLAME ME WHEN YOU DON'T LIKE WHAT YOU SEE!
And always look at the big picture .....
First red cycle would be the bounce from the support line.
Second red cycle a small break through, the last green one a break of the trend line to go lower.