Get started

Btc-bottom

Bitcoin where is bottom? - Levels to watch for BTCTook while to publish new idea because of some private stuff and very busy with with making better improvement with @HeWhoMustNotBeNamed on our scripts for Harmonic patterns. Couple is reason why I post here and now is just to publish again on TV some public TA. Maybe I'm wrong this time, maybe bottom is far away or BTC already make bottom (it's in zone what I publish and talked with some of my friends year ago). But this is some levels and possible EW what I looking atm. Back in January 2022 when most "influencers" post moon charts here and on social media I replay to some of tweets that I not agree with new ATH before we see good correction. On screenshoot above that is tweet when I tweeted with some friends. First I want to share here monthly chart and level what is interesting to me. That is 13880 (on Bitstamp exchange). Back in December 2017 that is level where candle close (January 2018 open or yearly open). We can see after 547 days or 17 months or almost year and half, we tested that level to tick and get hard rejected (almost tested last low (drop to 3850 and most mention bottom was 3122.28). Later Oct' - Nov' 2020 when finally Bitcoin reached again that level and broke BULL run started. Like I mention on Tweeter (like you see on first screenshoot) I was wondering what can be Elliott Wave for this scenario if we get there and broke under last bull run (19666 back in 17 September 2017). This is what I guess atm is possible EW count. I have two possible scenario for diagonal ending (because of some important levels (little bit more zoom on last part of diagonal ending and levels to watch). One very important thing is what I'm not very positive for this TA is rest of market (looks to me still alts need to go more down, BTC dominance is low, need to go more high) but maybe for sake of bulls I'm right and soon we'll see some push up. Be careful. REMEMBER ▶ You don't need to catch bottom, you can always wait for confirmation (if this is bottom will be nice bull run and you can buy on pull back) ▶If you are holder (not trader) always is good idea to add in your portfolio on some specific levels instead to buy all in just one level (keep in mind to have Stop where is your idea invalid or you can be bag holder, what I tweets a lots of time on top for ALTS, they are now 70 -95% drop). Stay safe and good hunting
BITSTAMP:BTCUSDLong
by CryptoArch_
1
S2F BTC 2WHaving kept a close eye this last 2 years on the Stock to Flow for BTC, I had noticed each time the S2F spiked on the 2W chart, a large move in price action shortly follows. As BTC broke the recent 17.5 bottom and formed a lower bottom at 15.5, there was a significant spike in the S2F data as shown on the chart. Awaiting more data with the S2F Model Value to spike as it has many times previously. This could be seen as some relief and good news for the miners. Happy Trading!
INDEX:BTCUSD
by livmac7
5
BE CAREFUL !!! BTC Might Still Go Down1. Daily Close at $15.6K with no long wick indicates overwhelming selling pressure while buying demand stays the same/diminishes 2. All Ichimoku Indicators pointing a big bearish movement on Daily, alongside 2 big bearish candlesticks (strong bearish momentum) 3. R:R of 1:2 | Entry/TP/SL; that is widely used for this indicator on Daily Time Frame, is shown above 4. All of these indicate that BTC might still have one more big move down, before a potential true bottom 5. Best scenario would be a daily close at $12K zone with a long wick to $10K zone with a big volume (possibly touching $9,8K) The safest way to invest is still by DCAing your best coin (make sure you do an extensive research) Trading in future market right now is very risky, only do this if you are confident in your R:R TP/SL and your analysis All eyes on Binance and FTX/Alameda deal now (which has gone sour) Should FTX deliver a good news/FTT go up (which is very unlikely), crypto market might recover Should FTX be the 2nd LUNA, expect a market capitulation THIS IS NOT A FINANCIAL ADVICE
by OTWhale
2
We bottom around 9k in December 2022? Please see chart.A minor run to 21k then a dump to 13k probably, sideways, then another dump to 9k where we bottom out. I am not going to trade it to 21k, too risky. Well, this supports the four year cycle theory. People call for 2023 bearish and 5k target, but I believe that we will go sideways from 9k, for half a year, then have a new bull run, I don't know how high we might get - I suppose the 21-22k region will be met with harsh resistance, since it is the ATH of previous cycle + the entire three bull run support line. 2018 till 2019 we went from 3000 to 13000, which is around 4x roughly. A 2x isn't all that bad to be honest. I do think we will break it in 2024 but we will never truly see a new all time high. Because this bull run was supported by the intense money printing that was unprecedented.
Short
by Heartskull