Elliott wave analysis, as a method and tool, advocates a bullish outlook as it is difficult to find a substantial bearish alternative within the 73777-49000 range.
The Triple Three correction exhibits near-ideal ratios and alternation of wave patterns within.
The Triangle in Wave can be considered either complete (minimum conditions are met) or incomplete as...
Hello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves.
Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave.
After a full cycle, we expect to correct waves that include 3 waves.
The first and 3rd in bearish and...
Trendline is holding nicely since January 2023. Als long as BTC holds above 25.350 I keep this position according to the following settings:
➡️ LONG RNDRUSDT
❇️ Entry: 1.875 - 2.038
☑️ Target 1: 2.288
☑️ Target 2: 2.600
☑️ Target 3: 2.950
☑️ Target 4: runner
⛔️ Stoploss: 1.812 -1ATR = 1.576
Hello,Traders!
BITCOIN is trading in a narrowing wedge
And I am somewhat bearish biased
So IF we see a bearish breakout
Then a bearish continuation will follow
Sell!
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BTC crashed its way to the lower line of the downtrend. It used the Liquidty of BTC old lows what created the fast bearish impuls
Nothing to worry about yet as it holds the sideways uptrend. Best to look for a bullish reversal as price is oversold and at the bottem of the downtrend and sideways uptrend.
I will look to enter Long BTC on the excess price line and...
Looking at the BITSTAMP:BTCUSD pair it looks like the price will continue to fall after some consolidation in the triangle.
The most probable scenario (presented):
The price of Bitcoin will continue its consolidation in the descending triangle. Base on the technical analysis, in most cases this is a continuation pattern and the price should break the bottom of...
The latest upward move of BINANCE:BTCUSDT is not that strong as it may seem. Even though the volume was picking up during the breakout from the area of $10,600, the later movement was accompanied by the decreasing volume.
The price is currently entering the resistance area. And comparing the previous downward movement (from 12,000$ to 9,800$) with the current...
Bitcoin is in a very precarious situation right now. Either bulls step it up now or they will drop to 7.7 to 7.8k region where this Diamond Bottom would be at risk of failure (a failure that bulls just cannot afford since this will send BTC spiraling down to the 6.4k region. Something that my friend @Crediblecrypto has been calling for over a month. Read my...
WTC seems to evolve in this ascending channel, approaching a resistance level.
RSI is stable and hovering in the bullish area
If it breaks this level we can see nice profit
safe entry on the support here
With BTC showing bearish signs we see that LTC is setting up for what could be a mild breakout in the next 45 minutes. This will be a quick in and out so your entry point is in the next 15 minutes with a small return
Possible pairs trade setup targeting ETH$250/BTC$2540. Bitcoin weak as the (non)effects of the Cash fork continue to digest. Perhaps more notably, Ethereum has remained strong rising 7.5% on the day through 6:00pm EST
