Btcusdforecast
Wychoff's Re-distribution it is!As I mentioned yesterday that it is a trap and don't fall for it, guess what it was.
Understanding Wyckoff distribution helps traders like me and you to cash out longs before the market reverses and get the most profits from shorting. I have to say distribution is a very specific process. In short, it is the process of distributing (selling) an asset at the best price over a time period. This is the opposite of accumulation where the market participants are looking to buy an asset at the lowest possible cost.
BITCOIN: BEARISH DIVERGENCE FORMATION!!!Hello traders, I hope your days are going well. Here I am once again with an update on BTC.
Timeframe: 4 hours.
Update: In my previous update, I mentioned the hidden bullish divergence BTC formed and it worked pretty accurately. A strong gain of 12% after the chart got posted. Now, currently, we can see two things happening. Firstly, BTC broke out of the $22.5k resistance level and closed above it which technically, looks bullish. Secondly, BTC is under a strong bearish divergence formation where the RSI top is decreasing and the actual price candle top is increasing.
Conclusion: We can clearly see that BTC has not confirmed the bearish divergence, yet. It is still under formation which means if BTC starts to rally higher, the bearish divergence will get invalidated. We are already in the overbought zone, and the market is all green. Looks like we may likely see some drops soon. So, stay on high alert and trade safely.
Key points:
1. Keep an eye on the bearish divergence.
2. $23k a good support.
3. RSI overbought.
I will keep you guys update.
Bitcoin Prediction......In the above the first scenario yields 7R and the next 5R without considering the additional gains from the potential scale-in.
Bitcoin will SURELY see a bull run once the dollar drops....
Am already investing heavily into crypto......sensible investors should.
Please only Like this post once the prediction has happened.
BTC is Ready to Start the Historical Pump🤗Right now the main coin has reached a very strong level 23k
My congratulations for all who bought BTCUSDT with me when I made a signal in the form of a few ideas here🤗
Now we are above an important level
So if the price will stay above we waiting a more pump!
Follow me to be in touch
Best wishes
BTCUSDT: Elliott Waves Intraday TradingHi all, friends.
Yesterday I took a break from publishing trading plans, based on the lack of any significant changes in the crypto derivatives market.
Many skeptics who confidently believed in the renewal minimum were among those who were liquidated not long before the bull rally began.
The upward movement of the BTC price is strange and leads to some thoughts.And, I edited the markup of the wave levels according to the current dynamics and my market intuition.
In the main scenario, I see the upside move as a complicated WXY correction, after which I would look for levels to dial in a short position.
In an alternate scenario, I see the upward move up from the $18900 level as a group of first waves; as a result, the price move up could accelerate very sharply, leading to a medium-term reversal.
The long positions I opened a few days ago have already begun to close partially. I will be consider opening short positions if my trading hypotheses are confirmed by wave models on BTC and ETH.
Best Regards, CEO Tornado Capital
BTC breaks the major resistance level of $23,000.BTC breaks the major resistance level of $23,000. Let's see that will be stable above that level. If it stable above the resistance we can hope BTC will move to upward direction. trading is high risky. So this is not a financial advice. Do your own research and then trade.
BTCBTC (higher timeframe analysis)
If meron nakakatanda noon about my ending diagonal for BTC, nag materialize yung pump muna until 32k bago down. Kung 17k ang bottom, therefore ending diagonal won.
Another bearish scenario:
Not a fan of expanded flat wave 5 option but this gives the same outcome if magkaroon ng fud soon. We could be looking at an expanded flat for the wave 4 before the C wave drop.
X, nicoleicarus.
BTCUSD - OutlookHello there all,
Here's the BTCUSD analysis outlook potential direction.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section.
This is not financial advice. 🙂
Thanks all.
BITCOIN UPDATE: YET TO REACH THE RESISTANCE LEVEL!Welcome folks to this BTC update. I am gonna keep this chart neat and easy to understand.
Timeframe: 4 hours.
Update: We saw how BTC is trying to bounce back to stay above the $20k level which is good for the market. The daily close was around $20.8k below the 21 MA but it made a quick pull back holding the price at $21.3k. If BTC continues to rally, we can expect it to touch the resistance level which is at $22.5k, and if BTC starts getting rejected then $19.6k is good support.
RSI: In this 4 hours timeframe, the RSI is showing a hidden bullish divergence which is quite a confirmation of a bullish rally towards the resistance level.
Conclusion: BTC is still under a bearish flag pattern and like I said in my previous BTC update, $22.5k is the invalidation point for this bearish flag. Once BTC breaks the resistance, we will see a trend reversal and we may likely see higher rallies. A rejection, on the other hand, will continue the bearish flag pattern.
I will update more on this topic later until then trade safely.
Like, comment, and follow to support my channel.
Thank you.
BTCUSD: Elliott Waves Intraday TradingHi everyone!
The price continues to form a wedge pattern in wave 1.
At the moment, another local correction has begun, within which I advise you to look for a place to open a long position.
In addition, there is an excellent opportunity to increase the volume of a long position in moment of the price to break through the top of the wedge.
I continue to hold my long positions in other coins (in the list of 9 coins) that have already made excellent profits
And, I will be decide to close all longs after the price of bitcoin hits $25,000.
Scenarios for a set of short positions are not considered yet.
Best Regards,
CEO Tornado Capital
BTCUSD Change of Trend! - A Bull run coming!BTCUSD made a great dump for several months until it reaches the 17689.13 support zone area. Weeks passed this dump momentum has lost it run and made a beautiful uptrend movement making the buyers taking advantage of the uptrend momentum which clearly made a higher highs and higher lows. It will reach the 21500 area of resistance it is probable that it will break this resistance zone and continue its upward movement. Timing and confirmation of price action are needed for these entries. #tyor #dyor
BITCOIN: A GOOD RALLY.Welcome folks to this BTC update.
Timeframe: 4 hours.
Update: Once again, as expected, BTC rallied from the support. Although it showed some fakery in between but ultimately it bounced back from the support level. BTC is already up by 8% and if this continues then BTC can likely rally up to $22.5k.
Trade Setup: If BTC show some retest then $19.5k to $19.9k will be a good re-entry level. Stop Loss can be at $18.7k and the target will be $22k. If BTC doesn't retest at all then let it be, we can get another opportunity.
I will update more on this later until then trade safely.
Do support with your likes and comments.
Thank you.
BTCUSD: Elliott Waves Intraday TradingHi everyone
I have edited the medium-term of wave levels in accordance with the current realities of price dynamics.
It is likely that the price has completed the downward momentum within wave C of wave B in the flat correction model.
At the moment, wave 1 (waves C in wave 4) has formed in the form of a wedge pattern, breaking through the high of which will lead to a bullish rally.
As a result, the bullish rally could end between $25,000 and $29,000.
I will be open a long position on a local correction, and also increase the volume of the position when the top of the wedge is broken.
Best Regards,
CEO Tornado Capital
BTCUSD: Elliott Waves Intraday TradingThe price of bitcoin found support around $19,000.
I have edited the local wave levels, and there remains the possibility of a second decline within the local 5th wave.
In general, the situation is ambiguous.
On the many altcoins now have zigzags formed after an impulse recovery at 4 weeks ago, which indicates a possible start of a sharp price increase.
It is not yet clear whether these impulses will be part of corrections, or whether this will turn out to be the birth of a new protracted growth cycle.
In summary, I can say that I am inclined to aggressive purchases and closely monitor the dynamics of some coins (including Bitcoin), the price of which has formed beautiful patterns, and the structure of the waves allows me to plan very carefully to take trading.
P.S. You can explore my past ideas with trading plans for ZRX and DOGE .
Best Regards,
CEO Tornado Capital