Blxusdt
Blx macro ending diagonal idea!Although we havent confirmed bottom yet we still have same legacy top trend line! BBlx has broken 21/233 ema bearish for the first time in history of weekly chart. I expect 10-13k bottom but we are near the 1-1 fib of our correction and historically corrections have bounced at the .786! Not claiming a bottom here but when we are finished correcting I think this Elliot wave count will hold true!
Rules for ending diagonal:
* Ending diagonals consist of 5 waves, labeled 1-2-3-4-5.
* Each wave subdivides into threes. Waves 1 and 4 overlap in price.
* Wave 3 can not be the shortest among waves 1, 3 and 5.
* Wave 1 is usually the longest, but not necessarily.
* Usually occurs in a wave 5 of an impulse and wave C of an A-B-C correction
BraveNewCoin BLX - Short Opportunity 📈Hi Traders, Investors and Speculators 📉📈
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In today's chart - BraveNewCoin. This is short opportunity, I have identified an easy short setup with low risk on BLXUSDT.
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Bitcoin / Gold (BLX/XAU) Chart - 50/200 MA Death Cross nearingOn the Bitcoin / Gold chart a warning signal flashed on April 16th!
We are nearing a 50/200 MA DEATH CROSS which will occur on May 4th on the 3-day chart!
50/200 MA death cross are quite rare, especially on the 3-day chart.
The Bitcoin price drops on average approximately 50% (measured from the day the warning signal of the death cross indicator flashes - to the bottom)!
Disclaimer!
We (Asset-Ethology) are not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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
BLX Thoughts Current - BITCOINCurrent thoughts on the mind when looking at the BLX chart, price has reached a weird place in its constant evolution
The most right red dotted line is where the bear move should continue to if we have experienced the top, but that would violate the BLX Channel indicator using
I would like to see bull continuation personally
What if BTC is still in Wave 4?• Since Apr’21, BTCUSD has been consolidating in a range.
• Wave (2) was relatively clean and simple. Wave (4) is thus likely to unfold as a more complex and frustrating correction.
• Dubious speculation: the $69K top might be the end of the B Wave in a running flat correction, and we are still in the C Wave, (4) in the larger wave count, which will bottom at around a weekly close of $35K by mid-Mar’22. OBV corroborates with this possibility.
• If so, then assuming Wave (5) starts mid-Mar’22, and reflects the strength and duration of Wave (1), then we can expect BTCUSD to close a weekly at approximately $125K end-Oct’22.
• We should pay more attention to the charts as it nears $35K.
2 paths.so i notice something peculiar on this random rip this evening,
it stopped at the 100% extension of the previous move
100% extension is a corrective target.
if this move was genuine it would continue right now, and not fall back down into the local depths.
>if it falls back down, then this was yet again another bull trap.
i'm not bullish nor bearish at this time, 100% neutral until a definitive direction is chosen.
✌
Bitcorn impulse completed? 💥💥💥💥taking another look at the charts, and it's clear as day that we've completed 5 waves up.
i'm counting these 5 waves up as a wave (1)
wave 2 target sits somewhere in the 40k region.
0.618 sits at 40k.
Max pain on December 31st sits at 46k for cme futures.
-----
i think we'll see price move down into my green box for another phase of wyckoff accumulation.
once accumulation has been completed, we can begin our wave 3 impulse.
will talk more about this scenario later ^^.
💸
BTC/USD (58K Potential Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold the immediate support area at 63k dollars
-After a sharp drop down to 58k dollar, the next potential support range
-This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade
-The market is not good recently so I didn't put heavy on this position
-BTC is technically bearish in the short-term with this type of price action
-I will be careful and only trade a small amount during this type of condition
-Again, this is not the good time to go heavy on Alts when there is no sign of strength
-I'd better not trade or reduce my position size if the market is not in our favor
-Everyone, risk management, and strict self-discipline is very important right now
-If you want to stay in this game for the long term, please control emotion and follow your stop loss
-Good luck and stay safe!
⚠️Please always read the description⚠️
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BTC/USD (Test Previous Resistance?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin hit a new ATH recently but seems like a minor profit taking oppurtunity for others
-The price is now testing the 60k physiological support level and previous resistance area
-If BTC will consolidate within this support area and hold this level for a few days or weeks
-Then, another potential to break into a new ATH level is expected next month
-For the altcoins view, the BTC Dominance value started decreasing
-Which will give the Alts a breather to recover and potentially have their time
-I'm still into swing trades and will add more new positions once I see the good market condition
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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#BITCOIN's road to $162k by May 2022! Here's Why!Welcome to this Exclusive Analysis on BTC everyone.
If you are reading my analysis for the first time, do follow me to get more complex charts in a very simplified manner
I also post altcoin setups on Spot, Margin, and Futures .
Let’s get straight to the point and zoom out the bitcoin chart and see how bitcoin bitcoin reacted after the last three halvings to understand the potential target for Bitcoin within May 22.
First Halving
The first halving of bitcoin happened on 26th of November 2012. After the Halloween the bitcoin price pumped all the way to $1140 with an increase of 9390.87% from its having low.
We saw an almost 83% retracement after that which was a bear market for almost 420 days.
Second Halving
After the second Halving the bitcoin price made a low of $483 and then it started a parabolic move to almost $20,000 with an increase of 3914.50%.
We saw the same 83% retracement after that and the price of bitcoin went as low as $3148.
Third Halving
The third having happened on 11th of May 2020. Before the Halloween I posted an analysis in which I speculated move from $7000 $132,000 per bitcoin by May 2022
I will leave the chart link below this analysis.
The bitcoin price pumped all the way to $64,840 the real question is whether the bull market is over or are we really Entering a new parabolic move for Bitcoin which will eventually end up with a new all-time high?
IMHO as the chart speaks the bitcoin price bounced right from the 21 weekly moving average showing some strength for a parabolic move.
It is highly likely that bitcoin is going to make a new all-time high if it breaks the $53,000 resistance. The new target for bitcoin would be $162000 by May 2022!
All that Bitcoin needs is to do is to hold the 21 Weekly MA and the 30k level!
Many indicators are showing signs of strength in the market.
However I would also like to point a bearish scenario with you all!
You can see in the last two halvings the bitcoin price bounced
right off the 21MA and went below it after few weeks as shown in the little boxes B1, B2 and B3!
This is why I have always pointed out that 21 weekly moving average is an important bull market indicator.
So basically Bitcoin needs to hold to support levels-and the 21 Weekly MA and number two $30,000 level if it does we are likely to get a new all-time I buy the end of May 2022
The overall Data I’ve shared in the first part of this analysis is still on board!
Just the target has been increased by few percentage!
It’s just 2.5x from 60k to be honest.
So now you know what we need for the Bull Market to continue
Whats your thought win this?
Do you think it’s possible for BTC to make a new ATH or is it just a trap before we enter a Bear Market?
As shown in the Black box in the chart?
Do share your views and ideas in the comment section.
Do not forget to smash that like button.
That little appreciation motivates me to make more high quality contents absolutely free for the community!
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#PEACE
Bitcoin Top Target BLX $250KUsing the .618 Fib line we can assume this is where we are within the 4 year period of Bitcoins run
Previous runs have shown rejections at this point, which is evident with the current rejection
I am placing my target at ~250k by the end of the 4 year Period
After this a Bear market may be entered
Don't underestimate BTC..
I do have thoughts however that this run will be propelled by Ethereum and the DeFi / NFT craze that has occurred, and a few assumptions based on chart structures
If it is propelled by Ethereum, this will be a first
More Fib Circles BLX BitcoinDemonstrating the Power of the circle
Red areas = price decline as per hitting an area of the circle
Green areas = support area as per hitting an area of the circle
Linked is my guide to using the circle tool
Really do enjoy using this tool to portray support and resistance zones
Bitcoin Analysis and Commentary BLX Optimal entry point directed on chart
This is along a curve that has extended from the previous bull market top
An observation I can't display on chart is that the 200MA is forming a somewhat "W" pattern, meaning the structure of the 200MA is in the form of a W
Made a little spread between the entry point due to possible error while drawing the curve
🌟 Bitcoin + Elliott Wave Theory = 💸💸This chart has kept me up many days and nights, but i think i've finally figured it out.
We are in Wave 4.
Currently in Wave B (AKA the suckers rally)
Don't get pulled into the hype, instead buy the real dip with the rest of the smart money.
I have Wave B topping out between 49~50k
Followed by a drop down to at the bare minimum of 27k to finish Wave C
My buy zone sits between 27k~23k
and my upside target for Wave 5 sits at 118k.
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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Respecting the Fibonacci Circle - TransitionsThis is the BLX chart
Consistently through 1 - 1.618 a down move can be witnessed as price crosses into the next fib ring.
This is cool because it shows the power these tools have over price, and the power of analysis.
Current price has broken to the upside
Very bullish for BTC however I still recommend ETH (a lot of smart people behind it)
Bet I guess.
Some more analyses for BLX