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BTCPERP

BTCUSDT GLOBAL 🔥 Save yourself from another dump!!!Subscribe to the channel to receive more new information about the cryptocurrency market✅ Hello everyone👋 ▫️Now bitcoin is in a strong price channel, which, as you can see, is held by the bears and the downtrend continues. 💡Let's think globally, I have marked five blocks on the chart since March and also marked a local channel in which the downtrend continues. We see that the price of btc is formed by the consolidation of deep pullbacks on the chart (block 2-3). ◾️What do I think about this, if you pay attention to (block number 1), you can see a similar consolidation as now, we tested the $17640 level, after which the price returned to the $20.000 zone and the volatility decreased significantly (1000-1500 points). I think the Market Maker is accumulating a position before going to $15,000 and after that there will be a $25,000 short run.
Short
by DanilBlinkov
2
Bitcoin (BTC) • Market structure changed. levels to look for nowThe market is now trading on a completely different market structure than it was week or two ago. Once we broke the 28-23k range and tap into the support support around 26k range Bitcoin now need to regain 35 and trade above it consistently to become bullish. While bellow 35 it is expected to retest lows OR even actually continue with the macro downtrend set by the weekly and monthly charts. Check the video for further comments on what are my overall thoughts in respect the technical levels to look for, trend and momentum and also a bit of orderbooks.
COINBASE:BTCUSD
by D7R
1
Detailed Elliott Count for BTCHi traders, Here is a detailed elliott count I tracked for BTC . You may use this chart to serve as a confluence to your strategy. Since the start of this year until the breakdown yesterday, an irregular flat correction has played out after an extended wave 1. As a rule of thumb for extended wave 1s, wave 2 must be the most time-consuming pattern out of all 5 waves. Wave 1 took 150 days, I assume wave 2 will play out longer. Targets for an irregular expanded flat are 1.05% - 1.272% fib plotted on the chart, and 0.618% - 1.00% fib for the irregular running flat (which is very rare compared to expanded flats). We will be able to identify wave 3 and wave 5 targets after we complete wave C of the wave 2 correction. We will probably go down to 24k to 17k if my targets for wave 2 are correct. 24k is near the 1W 200 MA, and 17.5k is near the 1W 300MA. I have also plotted significant reversal times for each wave. May 25, 2022 seems to be the nearest golden ratio in fib time for us to start moving to wave C. I hope this analysis serves you well in your trades. Good luck everyone! Feel free to send me a message here for any questions.
by MonDavid411
Detailed Elliott Count for BTCHi traders, Here is a detailed elliott count I tracked for BTC. You may use this chart to serve as a confluence to your strategy. Since the start of this year until the breakdown yesterday, an irregular flat correction has played out after an extended wave 1. As a rule of thumb for extended wave 1s, wave 2 must be the most time-consuming pattern out of all 5 waves. Wave 1 took 150 days, I assume wave 2 will play out longer. Targets for an irregular expanded flat are 1.05% - 1.272% fib plotted on the chart, and 0.618% - 1.00% fib for the irregular running flat (which is very rare compared to expanded flats). We will be able to identify wave 3 and wave 5 targets after we complete wave C of the wave 2 correction. We will probably go down to 24k to 17k if my targets for wave 2 are correct. 24k is near the 1W 200 MA, and 17.5k is near the 1W 300MA. I have also plotted significant reversal times for each wave. May 25, 2022 seems to be the nearest golden ratio in fib time for us to start moving to wave C. I hope this analysis serves you well in your trades. Good luck everyone! Feel free to send me a message here for any questions.
by MonDavid411
We bounce now or we see 17k this yearHi, I am an elliott wave trader and I believe 2 patterns could play out here. A common "Expanded flat" wherein wave B goes beyond wave A, and wave C overshoots wave A. We will see another bounce to 36-44k, dump to 24k and possibly 17k on the last wave (1W 300MA bounce). and a rare "Running flat" wherein wave B goes beyond wave A, and wave C fails to move past wave A. Wave B to C will be at a maximum size of 100% from wave 5 to A. (We should close and bounce from here at 32800). We are at an extreme fear level people, chances are, whales could be getting in now while we are still looking get in at 17 to 28k.
BITSTAMP:BTCUSD
by MonDavid411
BTC to return back to 43,000 before the final dump.Hi Traders, I am an Elliot Wave trader, I believe we are in a huge expanded flat pattern in the weekly timeframe. Flat patterns consist of 3 waves (ABC) with the last wave appearing as an impulse or a 5-move wave. I have identified the January 2022 to be the beginning of the corrective Wave 2 (a smaller expanded flat pattern in the daily timeframe) I am longing this wave C of the 2nd wave corrective. Take care traders! Let me know if you have questions.
Long
by MonDavid411
6
1W Overview - Harmonic and Elliot ConfluenceHi traders, The trend is your friend. Be careful with long trades for now as we are still headed to the end of the correction. DXY seems to have broken out of the falling wedge with a double bottom pullback. Coincidentially, wave 3 will seem to end @ 1W 200 MA at around 24500. We may expect a 27-week correction to play out from there before we break the 200 MA and head towards 300 MA @ 16500-17500 If you have questions regarding my Harmonic and Elliot Plotting, feel free to send me a message so I can clarify my points.
Short
by MonDavid411