BTC Playing Devils Advocate DOWNSIDE AND UPSIDE ANALYSIS (30m) DOWNSIDE AND UPSIDE ANALYSIS FOR BITCOIN
= Recent NEW all time high
- PULL BACK low
- FIB EXTENTIONS on the downside AND upside
- MY PERSONAL BIAS IS THAT BTC LIKELY CONTINUES MAKING NEW HIGHS
- DOWN SIDE TARGETS ARE STOP LOSS'S FOR LONG/BUY/CALL TRADES (longer term)
- UPSIDE TARGETS ARE FOR SHORT/SELL/PUT TRADES
CURRENTLY as of END OF MARCH 2024: btc is supporting off of a 50% pull back between the previous support block that preceded the new All Time High.
Btcfib
BTC analysisA very nice setup on BTC daily timeframe. If the market will start to recover and we will see a break of a downtrend + a break out of the 0,764 FIB level, that would be a very solid setup (wouldn't buy in right now (wait for a setup) since I want to see what happens with S&P 500 tomorrow when markets open.)
BTC bull runCould history repeat itself? Well, I hope so :)
Looking at the beginning of the current bull run, which started end of Jul 2021, the price was @ 29K, shooting to 52K in 45 days. To blow some steam price pulled back to 50% FIB level, which is also a recent support level, which is also a 200 EMA dynamic support. Once reached this strong level, it bounced back to upside to reach its ALL-TIME HIGH, which is also a FIB level of 168%. If we map the same price action to the current situation, we might expect the price to keep pushing downwards in this bullish channel, to reach a support level @ 52K, which is around 50% FIB too. I would anticipate that it would be touching the 200 EMA as well. Do you think it can repeat the same behavior of the last run, and reach 168% FIB @ 84K USD by Dec? Wishful thinking :D
BTC eye opening analysis with E-wave & fibshistory repeats itself:
1. BTC impulsive waves with respect to corrective waves are exactly the same.
2. accumulation are same
3. distribution is the same
4. 82k is the same as now
5. red arrow show news
6. green arrow shows a new impulsive wave start.
YOU CAN CHECK OUR PREVIOUS PREDICTIONS AS WELL. ALL MEET.
Thank yew
BTC/USD 1WBitcoin in a weekly time frame can be seen a compression and we can have three scenarios
By drawing Fibo in the recent wave, we can see its correction and now it is on strong support, and if it is supported, we can expect the upward trend to continue.
If the support is broken, we can consider the trend to be downward, and if the price decreases to the support number 2 and completes the tight pattern, it is not possible to see Bitcoin at incredible prices.
Many thanks to the trading view support team
Update: BTC Short 1h📖BTC Analysis:
As you can see, we have warned you before that if BTC rose towards the 47200 area, it was very likely to reject it. Although it has a technical target of 48000, we believe that it will not be able to advance beyond the area of 47200-47500. We continue to wait for the long-standing maximum target to be met in the area of 42300-42000.
Stay tuned
Wolfy Signals
#BTC - Elliott Wave and Fibonacci AnalysisHello,
#Bitcoin correction isn't over yet.
Events Occured:
1- Elon Tweet gave the first catalyst.
2- INFLOW A lot of whales started depositing their Bitcoins into the exchanges
3- Whales started shorting the triggering the short term leveraged investors to give up their bitcoins in panic and exchanges pulled up the Bitcoins leveraged position and panic sell off.
4- Fibonnaci level support was tested and whales started gobbling all the Bitcoins from exchanges. All the whales wanted to grab as many Bitcoins they can, causing Coinbase to charge extra premium due to high demand.
5- Outlow exceeded the inflow from exchanges.
Events to be followed:
6- Stability phase, but a lot of media attention, a lot of statements from authorities from US Feds (IRS transaction news), China's Premier's statement today to crackdown on BTC miners and traders, this phenomenon will continue with lots of media news which triggers Bears to short the BTC, until Bears strength gets weaker and weaker.
7- Patience is the key until BTC closes Fibonacci support above ~$47,000 level. Bull run begins.
BTCUSD - Fibonacci Extn - Correction AnalysisChina Cyrpto ban news halted the progress again for BTC reversal, but still ~42K support is holding it well, I'm still bullish unless the bearish news keep piling on one after the other.
" When everyone is fearful, be greedy" - Warren Buffet.
~ Happy Trading
BTCUSD - Bitcoin Elliott Wave ForecastHello Bitcoiners,
If you're still holding BTC, stay strong, we may have a recovery phase soon before breaking out.
Key points
- Fibonacci Extension level was tested twice and buyers came in, possible signs of bottom.
- Next Fibonacci Extension level is acting as resistance now, once we cross ~46K, short sellers will probably not take chances to be greedy.
- Stock Market Vix index has calm down, even though it rose little bit it didn't rise enough to be scary.
- BTC fanboys and Elon Musk needs to cool off, don't get personal with Elon, it'll hurt BTC, remember he hasn't sold his BTC and he still maintains he's a crypto bull.
Happy Trading.
BTCUSD: Identical movement back in 2016BTCUSD has broken its last .786 resistance on its fibonacci retracement.
As we can see, back in 2015 the EXACT move happened after we confirmed .382 Fib level.
At this point BTC should touch around 20k and have its pullback to .618 at some point after.
Anyways, it's been a fun ride so far.
Please comment and like.
$BTC Fib Holy GrailPublishing this chart to see the relevance of these fib's, and custom fib's.
Red and Green boxes are just the current CME gaps that exist.
We're at a critical point for Bitcoin. Many bearish and bullish possibilities from here.
Does feel like Wyckoff, so I have a hunch we're going up. But, will react either way. I have a short still open from $8440 $XBT.
How to predict the future with fibonacci
My name is Atanas Gaydarov, and I will present you my theory with which we can determine the future of the numbers of Fibonacci.Today I will introduce you to my theory right here and now! We have Fibonacci numbers and you can all see them on the white color chart. They accurately represent the Fibonacci gold line. Once we know the numbers and the lines let's do the following calculation.
Fib.numbers / (past calculated number)= future
F2/F1=F1,5 - Which means that we need to look for the number 1.5 of the Fibonacci sequence. 1.5 is between line number 2 and line number 1, indicating that the price will go exactly there after the calculated calculation.
Fibonacci's numbers in mathematics form a series that is recursively defined in the following way:
F (0) = 1
F (1) = 1
F (n) = F (n-1) + F (n-2)
It starts with 0 and 1, and each successive member of the row is received as the sum of the previous two. The first numbers of Fibonacci are:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, ...
If any of you are trying to calculate all the possibilities it is possible to understand the maximum price of Bitcoin!