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Btcwaveanalysis

BTC Downside Part 2 of 2 Waves to back up theory $52-32K 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 the Add post 1 with this post and, I found another wave set in previous run, check out my TView channel Chefrusty
INDEX:BTCUSDShort
by Chefrusty
5
BTC WAVE PATTERNThe 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 now we are in wave c of this triangle, which has become a diametric or symmetrical or wxy, and now we are in wave g of this diametric, of course, in my opinion. From the point of view of neo-wave, I imagine such a path for Bitcoin .
by behdark
8
BTC - Wolfe Waves pattern-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 while now. Both the Daily and the Weekly RSI show the December drop as a "lower low" while the price action shows a higher low. The Weekly MACD and the fact that BTC fell below the 20W SMA were also indications that BTC would head lower because of the massive amount of resistance above. BTC bulls got rejected at the 52K resistance and now here we are. -WOLF WAVE ANALYSIS & EXPLANATION- In Technical analysis, Wolfe Waves are price patterns consisting of 5 waves and can be either bullish or bearish. The channel created by points 1 and 2 must also contain points 3 and 4. It should be a parallel channel or very close to it. Connecting points 1 and 4 creates a "take profit" target line. It is similar to Elliot Waves but is more simple than Elliot Wave Theory. There are a few simple rules explained in the picture below. Wolfe Waves can be found across all timeframes. I will leave a link to the previous BTC chart analysis here. If you like this idea/explanation please LIKE , FOLLOW, SHARE, and COMMENT if you'd like. Thanks for reading. Take care. *** As always, this is NOT financial advice. This is just an idea based off my experience. Always do your own research before investing or trading***
INDEX:BTCUSD
by Mboersma0324
11
Bitcoin is yet to reach a top, here’s whyHello 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 idea with a note “trade closed manually” few hours later So, where are we now? Wave 3 gave an extension beyond 2.618 fib extension level which is the usual for btc, and that leads to a truncated 5th most times. We saw a massive rejection very close to 20k region down to lower 18k, in wave 4, and the current structure may lead to a truncated 5th. Usually with truncated 5th, we have a long-term consolidation in wave 4 forming ABC corrective structure. Having a closer look at smaller timeframe, wave 4 seems to be forming a flat correction. What is a flat correction? Flat correction is one of the simplest corrective structures with 3 wave structure labelled ABC. The difference between a flat and zig zag correction is the amount of sub waves. While flat correction gives a smaller 11 sub-waves, zig zag gives 13 smaller sub-waves. The usual convention for a flat correction is 3-3-5 ABC waves In this case, we had 3 waves complex correction in a, and waiting for the 3rd sub-waves in b to be completed before the final push downward in form of a wave c. The ending point of the last sub-wave in b will determine what kind of flat we get, if we close around the last high close to 20k, we’d call it a regular flat. If we close above 20k, then we’d call it an extended flat. We can expect some rejection around 20k or slightly higher to complete wave c of the flat correction. If otherwise, I’ll post an update on that. Conclusion: usually truncated 5th comes with a lot of scalping opportunities because of quick swings back and forth, just don’t get caught in the middle. We won’t be holding our positions for long we’ll be scalping the waves along. If you’re don’t like scalping and you got an entry in mid 18k you can leave it open till we break above 20k. I’m forecasting mid 20k as the ending point for the truncated 5th, let’s see how things play out. This is a very detailed analysis which could play out throughout the week or maybe more, I hope you get the idea. I’ll stop here for now and update you more as the structure unfolds. Trade setup: we entered a long trade below 18k, and we’ll exit the trade around 20k region before the next swing down. If you enjoyed this analysis, don’t forget to hit the like button, subscribe to this channel to get latest updates and signals on bitcoin. Don’t forget to share your charts, questions and contributions with the community in the comment section below. Donations via Trading View coins also helps me at posting more free trading content and signals here. Thanks for your continued support as always Trade Responsibly. I’ll see you all shortly Have a great week traders! Thank you Nueel_classic
BITSTAMP:BTCUSD
by Nueel_classic
Bitcoin Weekly UpdateHello 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 ABC, but I kept it as WXY to remove a bit of speculation in case there’s a change in trend. Zigzag is the easiest type of correction to trade. Very similar with the motive phase with a 5,3,5 ABC structure. It’s a very common pattern to see in waves 2, 4 and B with 2 major rules: Wave B(X in this case) must end below the starting point of wave A(which I labelled W) Wave C(which I call Y) must break below the ending point of of wave A(which I called W). So, what do we expect from here? We expect btc to make a continuation to the downside to complete the corrective structure. The 16k region is a crucial point to watch. If it breaks, that will make more room for downward movement and 14k could easily come in place. Trade setup: taking a short position from mid 18k and riding the wave down, target profit will be between 16k to 14k region. I’ll be updating the post as we move. If you enjoyed this analysis, don’t forget to hit the like button, share, subscribe and stay tuned to this channel for more free updates. Don’t forget to share your questions, ideas and chart with the community in the comment section below. Donations via TradingView coins also helps me at posting more free trading content and signals here. Thanks for your continued support as always. Ride the wave and stay profitable Have a wonderful week. I’ll see you all shortly Thank you Namaste! Traders. Nueel_classic.
BITSTAMP:BTCUSDShort
by Nueel_classic
4
Bitcoin latest updateHello 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 market is over stretched and reach a top, but in this case we can call this a local top for btc if and only if we get some healthy corrections to the downside to keep the bull run in motion and eventually shatter the ATH another possibility is a change in trend which there’s no confirmation for that yet except for the fact that we got a double top with ATH in our last rally. The correction can come in any form and I don’t want to be all speculative about it, but usually with btc, WXY correction is a common one. The first level of correction we got is about 0.618(or 68%) retracement of wave 5(higher degree) impulsive move which is around 16k region, I labelled that wave w. The second level of correction we would like to see which could turn out to be a major correction for the impulsive move we’ve been tracking from higher 9k to 18k region could lead us to around 14 or 13k region, which is a good spot for re-accumulation for a market continuation pattern. If it fails, then that could hint a change in trend. We’ll be taking the corrective phase one at a time and try to be less speculative as possible. Trade Setup: We expect some retracement to 18k region (.5 or .618 fib level) which I’ll call wave x to correct for the recent dip we had before a continuation to the downside. You can wait for this retracement if you don’t want to scalp to 18k If you enjoyed this analysis, don’t forget to hit the like button, share, subscribe and stay tuned to this channel for more free updates. Don’t forget to share your questions, ideas and chart with the community in the comment section below. Donations via TradingView coins also helps me at posting more free trading content and signals here. Thanks for your continued support as always. I’ll see you all shortly Thank you Namaste! Traders Nueel_classic
BITSTAMP:BTCUSD
by Nueel_classic
4
Bitcoin Short Update. Where can we call the TOP?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 price is in the 5th and final wave, we need to take a closer look at the sub-waves to get more insight on predicting the top. The sub wave shows an extended 3rd wave, and the triangle formation hints at a further push to the upside and indicates that the top is close. If we are right with our wave count, the last leg of the rally should push the price towards 19k or maybe close to 20k, a decline below the triangle (lower 17k region) would invalidate this possibility. Conclusion: while the exact top of bitcoin cannot be accurately determined yet, the triangle formation hints we are not there yet but we’re very close. Bearing this in mind, be very careful with your long positions and use low leverage and smaller portion of your portfolio to manage your risk, I’m saying this because the top can give a very strong rejection in form of a dip because of the overstretched nature of the market and market makers trying to liquidate leveraged longs, it’s been a while we had a big correction which is inevitable by the way. Trade Setup: we’ll be taking a long position from higher 17k and riding the wave up to lower 19k(our ideal target) or maybe close to 20k region adjusting our stop as the market gains momentum to protect our gains. Ride the wave, see you at the TOP. Hitting the like button and follow button helps me reach out to more audience, and it encourages me to create more value for the community. Don’t forget to share questions, ideas and chart with the community in the comment section below, let’s master the market together. Donations via TradingView coins also helps me at posting more free trading content and signals here. Thanks for your continued support as always. PLEASE TRADE WITH CAUTION AND TRADE RESPONSIBLY I’ll see you all shortly Thank you Namaste! Traders Nueel_classic
BITSTAMP:BTCUSDLong
by Nueel_classic
4
Bitcoin Latest Analysis. 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 another retracement of about 50% of wave y which I labelled wave x2. I drew the trend line to lay emphasis on our reference point. Usually I like to start my wave counts with letters, but what matters more than the letter is placing trades in the direction of the larger trend, and I try to make the analysis as logical as possible and avoid an opinion based on incomplete evidence( or too much speculations). Now that the market has respected the levels we wanted to see, what should we expect? We expect the market to make a push to the upside, and we can measure the potential target for this move by taking Fibonacci extension from the starting point of wave y to the ending point of wave y, and projecting from the ending point of wave x2. To be more accurate about our target price, we make use of fib confluence levels. If you happen to have issues applying the fib tool you can reach out to me via dm, and besides, we’ll cover all that extensively during the free tradnalysis class later this month or early next month. Be sure I’ll let you know when the time is right. To get more confirmations about this move, we also apply some indicators which tells us we are ready to move. Remember, wave count can be wrong, but what makes it formidable is when you combine it with some indicators and price action. That way you’re forming an extremely impressive formation that’ll eventually lead to profitability. Setup: Our weekly setup will be taking a long position from higher 15k or 16k region, and we expect a move to around lower 17k to complete a wave 5 before we can expect some deeper corrections. Let’s ride the wave together and stay profitable friends. Hitting the like button and follow button helps me reach out to more audience, and it encourages me to create more value for the community. Don’t forget to share your ideas and chart with the community in the comment section below, let’s master the market together. Donations via TradingView coins also helps me at posting more free trading content and signals here. Thanks for your continued support as this is second to staying profitable. I’ll see you all shortly Thank you Namaste! Traders Nueel_classic
BITSTAMP:BTCUSDLong
by Nueel_classic
5
BTC 4h The last meters to the finish line of insane growth.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 price growth with local rollbacks, sellers may test this mark. And at this mark the future trend will be solved: Will there be buyers recharging and whether they will test for strength the level $16,775. Or they will break down on larger volumes, than with high probability, will begin the trend change. This weekend is a chance for sellers to seize the initiative. And most likely sellers will try. It is evidenced by the uncertain exit of the price from the 4-day consolidation below $15,800. On the dominance chart, the figure reached 65.99%. But yesterday's daily candle closed at 65.23%, which began to hint that interest in BTC may sharply fall from next week. For altcoins , it is important that possible BTC correction occurs without sudden movements. In this case, there will be a possibility of continued growth. Otherwise, we doubt that frightened BTC investors, in a panic, will start buying other coins instead of sitting out in fiat. And how do you see the current situation? Is it time for BTC to take a break from such a growth marathon? Write your opinion in the comments and leave your charts! ___________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
2
LATEST UPDATE ON BITCOINHello 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 bearish and since btc has been trailing stocks and gold lately. now, we expect a corrective move to the upside to around higher 10k or 11k region. Trade Setup: taking a long buy from around 10k region or slightly lower for a move to the upside. taking fib retracement from the x wave(around 12k region) to the y wave(around 9.9k region) we expect the market to push to the upside .5 fib level or .618 fib level will be good take profit zone. don't forget, stop loss is your friend. knowing fully well that downward pressure on stocks affects btc price. and in the meantime, it's possible to see some continuation to the downside, or maybe things might get a bit bloody after the retracement to the upside, I can't really say for now. I'm saying this so you can trade cautiously and avoid greed or moon trading lol. after the move to the upside, I'll be posting an update on the same pair to track how the market is behaving. never hesitate to swim against the tide in the ocean of financial market, neither be afraid and stay confined in the well of fear and greed, but be courageous and stand a chance to frolic in the rivers of prepared profit. lol. off course this piece is not part of the trade setup. I'll see you soon in the next update. safe trade trade responsibly namaste traders
BITSTAMP:BTCUSDLong
by Nueel_classic
4
BITCOIN SELL SIGNAL 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 COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
BITSTAMP:BTCUSDShort
by Trading2ez
Bitcoin vs COVID19Hi, As you see the chart is pretty self explanatory but I think words have their own importance so let me guide you what means what? 1. You see two green trend lines they are in coordination to ABC correction as we have now discovered that the run from 3150 to 13900 was a HYPER B wave in reference to the ELLIOT wave theory. (It takes nerves to come out and say it but now I think I should have come forward long ago, please browse through my charts and you will see how I predicted 3000 target last year successfully) 2. MacD weekly Cross, I cannot emphasize more on this cross let me explain by saying that if you had traded these crosses blindly you could be rich by now. 3. RSI has also entered the Bearish Zone so any hope relies on, if it gets back above. 4. Targets are aligned what I expect. 5. Strategy? Dollar cost average yourself along all the horizontal lines that you see all the way down to the main target and OR the extended target. IF YOU BELIEVE IN BITCOIN, because the targets that I'm talking about will test your faith in the underlying asset.
BITSTAMP:BTCUSD
by groveguy
Bitcoin wave count updateAs i mentioned before it wasn't a triangle, at least in elliott wave perspective wasn't. So with this move a lot of things confirmed, i admit i didn't trade this move but it is more obvious to me right now that we are in a WXY or WXYXZ correction. We have a beautiful flat for wave W and not so beautiful zig-zag for wave X and now a zig-zag as wave Y. In sub wave count of wave Y we have a ABC zig-zag correction. I putted a fib extension tool from the beginning of wave A till the end of it then i started it from the highest point of wave B. In the 7900 price wave C equaled wave A and it is more likely for the price to reverse from there. There is two possible scenarios : 1_ Bitcoin completed the correction and it will start bigger wave 3 from here. 2_ Bitcoin will start a new wave X and the the final leg to downside as wave Z.
BITSTAMP:BTCUSDLong
by farzinsabbagh
4