I don't trade Elliot waves but will help define where market's heading, up, down , sideways, duh-huh Notice that on the 6hr, this chart the 50SMA crossing down again below the 200SMA, on the 5 day it's postured the other way more bullish 5 waves down, 3 corrective waves up, should be another 5 down if BTC caa'nt reclaim and hold $64.5K, top of the 3 waves, then...
If we started bouncing here we most likely gonna see 27k upside and go down to 10K range if we break 19k we most likely gonna see 14600 #btc #bitcoin
The entire rise of Bitcoin from its birth to the top has been a diametric. Where I arrow and wrote G, the diametric that had lasted for more than 12 years and was bullish has ended and we have entered a correction. On the daily and weekly chart of Bitcoin , we are forming a neo-wave triangle for a large wave x That is our correction We had wave a and wave b, and...
BTC is going through a corrective wave. This corrective wave started in Nov 2021. We've been in this corrective wave for over 8 months now. Even after 8 months, I'm still not sure this corrective wave WXY is done. Let's come up with all the possible scenarios for this situation.
Given the downtrend shown in the image, as well as the Elliott wave count, we will probably have another uptrend to the range of 41,000 to 43,500, and then in that range we will see a weak uptrend and then the continuation of the downtrend to reach lower targets. From $ 34,500.
-CURRENT BTC AND MARKET SITUATION- Hello everyone. Hope everyone is doing well. The market is still on a downtrend as expected. Although the previous BTC charts show that a potential drop to $20,000 is still possible, I personally don't think it will go that low as of now. I personally believe BTC will drop just a bit lower before bottoming out and I have for a...
BTC still Riding Bulls 👀 BITSTAMP:BTCUSD
BTC Technical Analysis BTC Technical Analysis (B wave 47.7k) BTC BINANCE:BTCSTUSDT 1. Seems finished wave A and going for B 2. B will be up to $47.7K (in case $56K) 3. After Finished B we can go down for the C wave which approx ($22.8K) 4. Then Final Wave 5th Wave which can go up to $99K Just my technical Analysis, not financial advice Please share...
BItcoin is retracing, what I think it's the start of wave 4, hopefully we can add some BTC to our portfolio here and can wait for 40K+ targets. You can set some but orders till the region 25400, with SL 25000. Be cautious with scam wicks and DYOR before taking any trade
Hello Traders! Welcome to today’s analysis on bitcoin, I hope you’re doing good From our last analysis on bitcoin, we tried to forecast a downtrend which didn’t quite play out because our wave c fib ratio exceeded 1.236 ideal extension for a wave c, which gave us more insight that what we called a wave c earlier is an extended wave 3, that was why I updated the...
Hello Traders, welcome to this week’s analysis on bitcoin. I hope you are all doing great From our last analysis, we expected some retracements for wave W, which we got and I labelled wave X, having a closer look on the smaller timeframe, the corrective structure looks like a zig zag, with 5 waves down in W and 3 waves up in X, in theory we should label WXY as...
Hello traders, welcome to today’s analysis. I hope you are all doing great. From our previous analysis, we took a swing trade from higher 17k region to around mid 19k, sorry I missed an update earlier this week. We reached the top on btc around 19.5k with a lower sub-wave truncation and got some massive rejection. Wave truncations generally indicates that the...
Hello traders, welcome to today’s analysis. I hope you are all doing great From our wave count, we know bitcoin is in wave 5 which is the final leg of the bull run, but predicting the top remains uncertain at the moment. Currently, we just finished a triangle formation which I adjusted the label as smaller degree wave x2 or a sub wave 4. Since we agreed that the...
#BTC Elliott Waves (Valid Only If BTC Won't Break ATH 19666 on Bitstamp Exchange)
Hello traders, welcome to today’s analysis on bitcoin, I hope you had a nice week. Today’s analysis will be brief as usual - From our last update, the market respected our forecast and we completed wave y which ended up about 100% of wave x, you can have a look at the previous analysis here. From the current chart, we can see the market is moving fast and got...
Steadily and confidently buyers broke the range $15,700-15,800 and continued the movement of the BTC price to $16,480. Even with increased volumes, sellers cannot change the current situation. The price rises in an unusual manner (impulse, consolidation - impulse). The critical point of the growth trend has moved from $15,400 to $15,960. Given the slow...
Hello traders and welcome to today's analysis on bitcoin. don't forget to hit the follow button to get more free update, like, share and drop your comments below. thank you. so, what kind of situation do we have on btc/usd pair we had a strong impulsive move to the downside from 12k region to higher 9k. which I labelled wave y. short term, the market looks quite...
Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! BTC/USD: Daytrade-preparation Market-Sell: 11870 Stop-Loss: 12500 Target 1: 11200 Target 2: 10895 Target 3: 10425 Stop-Loss: 630 pips Risk: 0,5 % - 1% Risk-Reward: 2,33 LEAVE A LIKE AND A...