Buybitcoin
ETHUSDHey Traders, in the coming week we are monitoring Ethereum for a strong buying opportunity around 3997.34 zone respecting the bullish trend in combination with the strong daily demand zone, once we will see any confirmation we might consider executing the trade. Keep an eye on BTCUSD too as you know the strong correlation.
Trade safe, Joe.
Bitcoin Trend Directions - Aug. 25th, 2021Bitcoin neared the highs of my previous zoning so I decided to take another look at possible entries for both longs and shorts. The picture should be fairly self-explanatory; the white zone is where we currently rest and we wouldn't enter here because we want to try to catch momentum, the red zone is where we can start to place sell orders, and the green zone is where we can look for placing buy orders. The blue zone is something new I added, because I'm personally looking for longs on bitcoin at the moment, I wanted to extend the zoning into other potential target areas to add to profits. I use multi-timeframe analysis so my high timeframe bullish support price is actually as low as $42,300. If a trader chooses to trade on a lower timeframe then I would personally look to only follow the direction of the current zone that price rests in, this will help attempt to keep the trend on your side and can better assist with catching momentum. Analysis referenced the daily and 4h timeframes. Keep in mind that none of this is financial advice, I do not claim to be any sort of financial/trading advisor, expert, mentor, etc. I only post my personal analysis for entertainment purposes.
My previous bitcoin zoning can be seen here: and the results can be seen here (with slight adjustments to the zones for better entries on potential retests):
Bitcoin Correction: Issa Dump!Look for Bitcoin to complete a drastic drop during Wave 4 of what seems to be a developing motive wave. With both Waves 1 and 3 having have an internal three-wave setup, it's all but confirmed that we're in a Leading Diagonal Wave (feel free to call it a Wedge if you'd like).
Sniff, sniff....
Issa dump.
Bitcoin: Absolute BottomLike this idea my friend!
I expect Bitcoin to find absolute bottom here and I will explain why.
1) We've been dumping straight line from 60k for 13 days in a row with zero pullbacks.
2) Deleveraging liquidation event has already happened wiping out almost 800 million in one day at Binance.
3) Bitcoin dumped 30% in a day which is extremely rare. After it it dumped 15% and 14% again in a day, which is too much, because usually each 10% move at Bitcoin is being paid by moving in another direction for a week.
3) Altcoins dumped almost 50% in a day, btc dominance bounced 16% which is veeery big, usually after such a big and sudden move after no liquidity to dump the market and fuel left, recovery starts.
There's a possibility of 30k breakdown with a huuge stop hunt and big liquidations but this event will be priced in because we've been dumping straight line from 60k for 13 days in a row, that's why it should recover extremely fast creating a huge scam wick. This will be the last nail in the coffin.
Don't use leverage in such a volatile market cause it moves 5% in a minute now, manage your risk!
Feel free to check my previous idea, where I predicted a dump from 60k to 30k:
Buy Bitcoin; Just Not Right Now! Let The Bears Eat.Based on Elliott Wave analysis and what's determined to be the most likely outcome for Wave 4, I suspect that we're currently in the 1st of 3 phases for the total completion of the Wave 4 correction.
Typically, a primary Wave 4 will retrace down towards the zone of the previous sub-wave 4 (aka Wave 4 of primary Wave 3). In Bitcoin's case, Wave 4 of Primary 3 is near or slightly under $40K.
With Primary Wave 2 being a sharp correction, Wave 4 will be what's called a 'sideways' type of move. As in, the correction takes plenty of time and does not make sudden, descending moves; not at all once anyway.
A flat correction consists of a 3-3-5 wave sequence. We're likely in the first 3 wave sequence with (A) being a running flat. Should B wave not break the highest point of Wave A, we can fully expect more correction down to the C Wave target range, near or directly below $40K.
Stay woke :)
Bitcoin will falling Wedge?Can we predict what will be happening?
The objective of this analysis is to look into the possibilities for bitcoin in a very tight frame and it can be valid as a complementary analysis and study.
Tap like if it was helpful and if you enjoy the analysis.
Thanks for that.
I'm realizing that bitcoin has made a distribution and the correction movement may not be as low as it is spoken away.
In the graphics times of 2h and 4h we can clearly see a pennant.
But the expected price retraction is close to 27k.
So this zoom in I'm now showing is that it may be falling down making a falling wedge.
For the price to continue to rise from now on and break this down channel that was formed this week, it is needed to break and confirmed above this POC.
This is the decisive point for the next moves that will follow.
If it doesn't overcome the POC it gives us the possibility of a short with good targets below.
I believe we will not have a trend reversal yet.
For now I'm still positive about the longs, but we shouldn't miss a good and clear opportunity for a short.
The paths I expect are these two lines plotted in green and the other in yellow.
BITCOIN long SWING setupBITCOIN has tested and rejected the strong support and demand zone, as investors look to "buy the dip" also has formed a M formation on the daily timeframe, also have bullish divergence on the 4hr timeframe, waiting for 4hr candle close then possible long position, first target the neckline of the M second target will be the previous daily high.
Litecoin A formation of long trend?We can see a long trend beginning to form with lite coin. Whilst many speculate over potential sell off/market dump soon to happen to the main stream alt coins, we believe the new drawn attention could see some of the major players take on a bull run.
In the event of an extended breakout and the trend continuation, Litecoin could test resistance at $170. The second major resistance level sits at $165.11.
Failure to avoid a fall through the $148.38 pivot level and the 23.6% FIB would bring the first major support level at $141.77 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $131.65.
When is the best time to buy Bitcoin?This is the most important question that all my students and individuals ask me
It should be noted that there are several scenarios to complete the bitcoin reform, but the most likely, as shown in the chart, is the return of bitcoin from the above price.
Be sure to wait a while to enter Bitcoin trading transactions
If you enter at a higher price and lose a little profit, it is better to enter incorrectly.
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Hamid Mojarrad : Lecturer, analyst, trader and senior consultant to reputable investment companies
According to the previous analysis , scenario 1 happened !!!According to the previous analysis that your service was published, scenario 1 happened
After completing Scenario 1, Bitcoin has two options:
Hitting the edge of the trend line will move back to the top edge of the pattern
It will break the trend by hitting the edge of the line and will start completing the correction after re-testing
But if the upward trend continues, new scenarios will be proposed, which are less likely to occur than other scenarios.
Dear traders, be sure to take pre-determined actions in case of both scenarios in order to get the maximum profit.
To view the previous analysis, you can refer to my account.
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Thanks a lot
Hamid Mojarad , Lecturer, analyst, trader and senior consultant to reputable investment companies
BitCoin All Time ScenarioBitcoin is trading in a grand cycle wave labled as wave C, in which we are seeing a formation of five waves inside.
a real close above 35500$ will activate a more bullish scenario and gain more momentum to target 42600********* a great resistance in place.
42600 can be an end of an intermediate cycle and we can see a major pullback from these levels, however a break above 42600 will confirm 54000$ as a final target and it will probably be the end of the first grand cycle...
we can see a pullback retesting 19000$ maybe less....
Good Luck