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Cryptowinter

$BTC - Steeper correction if below $93500Hi guys! 👋🏻 🔔 Lacking momentum and liquidity and it's time for correction 🔔 I believe it's too early for $100K and time to get rest before the next run. 🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse. 🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier. 🔔 Triangles could be tricky, so watch for a breakout before making any decisions. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
XRP to breakout to 0.87 for XMAS 12.25.2023 XRP/usdNot sure why there is such low volume on CRYPTOCAP:XRP but the sentiment is still the same IMO. The Crypto winter is HERE I think XRP is potentially being manipulated by the alphabet boys SEC. CRYPTOCAP:BTC is in an upward channel to test 50K CRYPTOCAP:ETH has broken out to test 2500 Why is CRYPTOCAP:XRP so stagnant??? We have taken out the sub .60 lows, and tested .70 2x in NOV The confluences are aligning and its only a matter of time before the impulsive bull run. .81-.87 is the target which is is 1:5 Risk:Reward ratio as posted. LOAD THE BUS we going NORTH! *This is not Financial advice, simply my own analysis and opinion DYR* #XRPtotheMOON
BITSTAMP:XRPUSDLong
by chestephens1
5
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BITSTAMP:ETHUSDLong
by themarketknight
Bitcoin From 2010 to 2025: Not An Impulsive Wave (edited)A follow-up to my pervious invalidated long term idea of BItcoin reaching $3,000,000 within the next decade.. (to state it explicitly, this idea has largely been invalidated by further review of Bitcoin's macro price action). This idea will be largely contrary to my previous. Based on a number of subtle signals discovered through Bitcoin's price action review, I feel at liberty to say that there's is no way that BTCUSD is structured in an Impulsive Wave format. Its expeditious growth has not once made a sizeable enough correction to satisfy a Wave 2 requirement - not one time. Generally, we expect Wave 2 to retrace at least to the 50% fib level, the most we've seen for Bitcoin (on the fib scale is 38%). Corrections to the 38% fib level are very commonly seen within Wave B (or Wave X) in certain cases. Whether it be Wave B or Wave X, such labeling only comes within corrective wave forms . Zig-Zags (the most common corrective wave type) notoriously travel much faster than Impulsive waves as well. At its current price level, Bitcoin has grown 1969928%, in a matter of 13 years. We could easily classify this as a much faster pump than we've typically seen outside of the OTC Market (and we know what follows these outrageous pumps in a lot of cases...) Seemingly in a Bullish Double Zig-Zag wave, I believe Bitcoin has enough gas left to reach a range between $120,417.33 - $329,945.48. I suspect this target range could be reach between November 2024 and March 2025 (see the " Numbers and Levels to Consider " section below for reasoning). Numbers and Levels to Consider: 1st Zig-Zag wave -- [ shown in light green ] Bitcoin's initial 5 wave move (Wave A) grew by 313543% from ATL. 313543% x 1.618 (common length for Wave C when compared to Wave A) = 506,166% From the bottom of Wave B in light green, C wave grew by 537084% (a bit more than 506,166% but quite close). Considering this 1st zig-zag wave to have ended near $1201 , a 1.618 target from here points to $1,490,778.00 . 1.618 is a common extension level for where the 2nd zig-zag could terminate). 2nd Zig-Zag wave -- shown in light blue Bitcoin's initial 5 wave move (Wave A) of this apparent zig-zag grew by 10576% . Wave C (yet to fully develop) has two common termination points: 1) equals to 100% the size of Wave A (10576%). With Wave B ending slightly below $3,000, this would give Wave C at termination target near $329945.48 . 2) equals to a 1.618 extension compared the size of Wave A ; giving Wave C another possible target of $296716.57 Wave C within the 2nd Zig-Zag wave -- shown in white Knowing that Wave C is a 5 wave move and considering the vertical range of Wave 4 (shown as a flat correction in yellow), common targets for the 5th wave are between 1.38 and 1.618 on fibonacci scales. With 1.38 pointing to an extension of $120,417.33 and the 1.618 extension pointing to $172181.44 , there are also levels worth keeping in mind. In total, Elliott Wave rules and guidelines present us with 5 potential target levels for the potentially last upside swing in this form, being: $120,417.33 $172181.44 $296716.57 $329945.48 $1,490,778.00 (this number seems like more of the anomaly here. Doubtful its reached.) Beyond this phase Bitcoin should/could be due for another (more drastic) Crypto Winter. Based on the rules and guidelines of Elliott Wave Theory, I believe the downside target could very well drop below $10. At worst case, it becomes the next Luna-Bomber! Permabulls, Diamond Hand(ers) and HODLers should mentally condition themselves to protect capital and to remain loyal to the same. The main points to take away from this idea are: 1) Bitcoin is 1000% NOT in an Impulsive Wave structure. 2) In the traditional sense of price action, Bitcoin has not built any horizontal base. 3) Bullish corrective waves typically retrace 61.8%-89% on average . **Current upside and downside targets are based on the idea that $15,501 will continue to hold as the regional low. If this low is broken, further analytical assessments must be made. Bitcoin's structure will not suddenly become impulsive in any regard. Surf well and avoid all major, time consuming drawdowns.
BNC:BLX
by DigitalSurfTrading
3
Crypto winter almost over , #BTCUSD to breakout 69k in Nov 2023More data leads to more accurate analysis and forecast. According to my last #bitcoin forecast which was published on tradingview (Link down below) on May 26th 2022, I was expecting a down move to 11.000$ before finding bottom. But more data has prevailed since then that leads me to believe that we have found a bottom and we are aiming for another up (25k - 27k) and down (16k - 18k) and start another #bullrun from february 2023 to breakout the 69k high of 2021. What do you think?
BITSTAMP:BTCUSDLong
by brokerland
Bitcoin: Momentum Looks Toward Liquidity Near $27K-$29KWith a 70% drop in value over the past 8-10 months, its easy to understand why many traders consider price levels of $3K, $10K, $14K, $16K and even $0.00 as appropriate at this time. Relying solely on Bictoin's price structure, even to consider the waves from its all-time low, I find all of the above mentioned targets as doubtful in the least (though I have been wrong before). As my prediction was made weeks ago, I yet expected Bitcoin to find very solid support above the $18.6K level and am hesitant to consider other macro, bearish alternatives without this being negated. Still sitting nicely within its apparent Leading Diagonal pattern, wedge Wave 4 should conclude very soon, likely within the next 48 hours. Also considering the guidelines of a Diagonal Wave, which many also classify as Wyckoff, the next upside swing should be at least $6503 in length, pointing us minimally to low $26K. Looking at the current upside trend line, one could also see why $29K would be attainable. The distant ranges of traders' emotion are currently on full display. At $17K most people thought gloom, I was too undecided a bit here but shortly after the pump initiated and I found some invalidations for more downside, my sentiment has since been bullish. At $25K, certain bulls proclaimed that price was heading back into the $30Ks and beyond. The Digital Surf Trading Community was in total expectation of a drop to the $20K range. Now that we're below $20K, the sentiment of gloom and fear has yet returned. With the theory of Support and Resistance, traders feel that a drop below $20K is a very very big deal. TradingView and mainstream news articles only help to cement this bias. In the grand scheme of price action however, $20,000 is simply just another number, though definitely a psychological level when looking at the bare naked number. Should the target range of $27K-$29K be actualized, fully expect a retest near $21.5K, though there is slim chance that support could be discovered above this level. Based on Fib levels and my personal wavemapping, $18.6K is the only major level in the current range. If Bears can't strike below it, Bulls are largely yet in control. As said weeks ago, Crypto Winter has concluded and Crypto Spring is upon us (unless $18.6K breaks).
BITFINEX:BTCUSDLong
by DigitalSurfTrading
44
#Cardano Big picture... back to the Teens#ADA's recent price performance has been extremely weak to say the least. And unlike many other stronger #Alts is testing and breaking the June lows. No comment on the Technology , (strengths or shortcomings) of the ecosystem. Simply observations from a Technical perspective, This coin has given plenty of opportunities on the upside, as shown by the previous bear market inverse head and shoulders / double bottom. Which made target with over-performance. Exactly what you need to comfortably exit your holdings accumulated during the winter period. Which takes us to the final leg down NOW... setting us up for what I believe could be an epic final drop. I would not be surprised to see it back to 10 cents area (maybe high single digits, in a great unwind) @TheCryptoSniper
Short
by BallaJi
MATIC - Watch For Completion 🚀MATIC has almost completed its bearish correction. We are now on the final 5th wave (subdivided into 5 waves) There is still a chance to get in on the final shorts with hard stops above the blue structure. The bigger trade will be getting in on the bullrun. Expecting price to go below the recent lows to fulfil the wave 5 criteria. Trade idea: - Watch for 5 subwaves moving down - Mark out the 4th and 5th wave correctly and watch for a breakout - Target the recent highs and HODL the rest. It's going to be a big one! Goodluck and as always, trade safe!
M
by WicktatorFX
6
$BTC - 🚨Market Update🚨 - 08/29/2022$BTC 👀 - 🚨Market Update🚨 - 08/29/2022: 📌 As anticipated, #Bitcoin performed a #Wychoff #Accumulation cycle over the weekend. Of the which, simultaneously completed our Wave 5, in black, of the Minor #ElliottWave degree. 📌 Combining both concepts of Wave 5 from ElliottWave and Wchyoff's Accumulation schematic, I have even more reassurance to place various #BuyOrders at different (discounted) price points over the weekend. 📌 In my opinion, I anticipate Bitcoin (as well as $ETH ) to complete a #bullish ABC correction upwards towards the #GoldenZone , range of $23,026.89 to $22,359.54, before reversing and starting Wave (3), in blue, of the Intermediate #ElliottWave degree. 💎 Furthermore, as you can see by the "x3🐑" on the chart. The Golden Zone serves as an excellent point of interest for institutional investors/traders because it is situated directly above sell-side liqudity (collection of stop losses waiting to be hit to introduce more money into the market and take out unsuspecting retail sellers). 💎 To View or Save My Chart: #possabilities #longterm #buildandgrow #invest #invest #buythedip #staystrong #accumulation #evs
COINBASE:BTCUSDShort
by ElBichotedelosGraficos
Bubble Trouble: A Multi-Decade Bitcoin Prediction (BTCUSD)Admittingly, I am beyond fascinated by the structure and massive growth that Bitcoin has seen over the years. I don't mind acknowledging the fact that I was late to crypto and trading too, to an extent. My missing of the initial take-off has nothing to do with this prediction and I share it with no bias at all. While I do believe that cryptocurrencies are now a staple in the world's financial system, I have little faith that Bitcoin will forever remain as the most dominant currency within the market. I say this solely because of BTCUSD's price structure and current wavemapping. I don't follow news too closely nor do I heavily consider many factors outside of the chart itself. The use of Elliott Wave Theory allows me to minimize any personal bias and follow a close set of rules/guidelines to help find tremendous probabilities, both bullish and bearish in nature. Surely, I am familiar with the term bull and bear , but I regularly subscribe to neither. Rather, I surf wherever the profits may take me. So now you know a bit about my logical stance, let's talk specifically about Bitcoin. Having surged 202875423 % since its inception, its easy to fall in love with the allure of its massive, historical strides however, I find an issue with Bitcoin not having made its proper corrections earlier in its journey. With a very dismal 38% correction after its rise to $31, one could consider this as a Wave 2 correction despite not reaching common retracement levels. The hypothetical Wave 2 also failed to erase the previous Wave 5 within primary Wave 1. There are no rules that dictate these actions as being invalidation indicators but they both go against what's most frequently observed (within impulsive waves). Rather than considering the correction from $31 > $2 as Wave 2, logically I place this as a Wave B correction. After B wave's termination, naturally its my expectation that C wave has then started. Usually within a diagonal wedge, I have the tendency to assume C wave will generally be a smaller diagonal pattern but its totally eligible to be in impulsive wave as well. Hint: A diagonal wave is constructed of 5 zig-zag waves. The anatomy of a zig-zag is that both A and C waves have to be 5 wave moves. The are two options for 5 wave moves in Elliott Wave Theory - Impulsive or Diagonal waves . A zig-zag can have two impulsive waves between A and C but cannot have two diagonal waves between A and C (see below) . As stated in the image above, I believe that Bitcoin is currently in a wedge formation with Wave 1 being constructed of a zig-zag with two impulsive waves (A + C). Currently moving through the (C) wave of Bitcoin's primary first wave, I believe that we are more precisely within Wave (a) of Wave 4 - within (C) wave of Bitcoin's primary first wedge-wave. Based on my perception, the anatomy of (C) wave can be seen here: As for Wave (a) of Wave 4, within (C) Wave (the current downside swing from $67K), I think that Bears will retain momentum until we strike the $11K-12K range. Placing the Fib tool on this specified range, it gives indication that Wave (b) of Wave 4 is likely (not promised) to reach between $103K-$136K by early 2024; a 10x wave. Also placing the Fib tool on the range of $11K to $136K, a possible range for Wave (c) of Wave 4 can be determined as $2355 to $6255; a 95% drop - possible to come by early 2025. If this drop does pan out, it will be very painful for not only Bitcoin holders but likely the crypto community as a whole - only for a brief period of time. We Elliotticians know that after Wave 4's correction, new heights are generally seen within Wave 5 (aside from truncated Wave 5s). Using the Fib tool to measure the total price range of Wave 4, we can also gather possible levels for the hypothetical Wave 5 that should come. What target range do you think we'll see? Ready for this () ? The idea of Bitcoin hitting $1,000,000 by the year 2027 may seem farfetched to some. The idea of Bitcoin falling from $1,000,000 to $10 will surely seem farfetched to the rest but by 2030-2032 I expect this to come to fruition. From this level, I believe Bitcoin will initiate its next bullish wedge wave which should should once again hit astronomical levels, maybe near $1,700,000. Who knows! The alternative to this idea is that Bitcoin gets Luna-bombed and drops from $1,000,000 to $0! For more actionable, daily and near real time analysis, join me on the waves (and don't forget your surfboard). No updates will be shared under this post; see my TradingView bio and let's connect.
BNC:BLX
by DigitalSurfTrading
5
$BTC (Bitcoin) - 15 Min AnalysisI am expecting Bitcoin to continue it's downward pursuit, as we slowly but surely are making our way to the completion of the corrective wave c (of larger corrective wave B). In the near short-term, I am spotting some institutional points of interest such as #imbalance and #Liquidity. It also appears to be performing another potential ABC Flat Irregular/Expanded Flat. This would fit my narrative, as it would provide for a perfect liquidity sweep (aka stop hunt for recent sellers, as well as for recent buyers), meanwhile it will clear up some imbalance price action caused when the price sold off too quickly. This is for informational purposes; If you participate in the markets you are fully accepting those risks on your own.
COINBASE:BTCUSD
by ElBichotedelosGraficos
BTC - 45 Min Chart Update - ExtensionPossible extension of Wave C (in the minute degree) of within the larger Wave B (in the Minor Degree). Extensions can only occur within Impulse Waves 1,3, & 5, therefore extensions can also occur within Waves A & C of corrections. Extensions, are better known as nested waves. As we know that within Elliott Wave theory rules, Wave 4 cannot overlap with Wave 1. Thus, if the anticipated wave 4 overlaps with the previous Wave 1, then anticipated Waves 3 & 4 need to labeled as Waves 1 and 2 (again) but in the next lower degree.
COINBASE:BTCUSD
by ElBichotedelosGraficos
BTC (Bitcoin) - 15 Min - CryptoUpdateAs of July 23rd, 2022 @ 11:36AM (MST) #Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) . Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport, #fakeout (or aka #liquiditygrab or #stoprun) before the bigger corrective wave (c) of #waves begins. Link to Previous 1hr chart: https://
COINBASE:BTCUSD
by ElBichotedelosGraficos
Bitcoin: Is $17.6k the next stop?$BTC remains firmly in a bearish descending parallel channel. In spite of negligible volume and price action, risk-off market behavior remains. Bitcoin has never been below the 300 week moving average, until recently that is. Atlanta Fed's Q2 GDPNow posted -2.1% on July 1st, reflecting 2 consecutive quarters of economic contraction. Multiple "well-regarded" hedge funds and crypto exchanges have faced liquidation and margin calls due to significant overleveraging, the broader markets posted the worst 1st half performance in well over 50 years, and BTC's Q2 was the second worst performance in its short history (late 2011 being the worst). Before thinking the bottom is in and there's sufficient blood in the streets, consider there's still significant downside risk. The Federal Reserve FOMC continues to higher rates and inflation is not under control. In fact, if the Fed reverses course too soon, the economy will likely realize increasingly higher inflation peaks similar to the 1970's. Meanwhile, Wall St analysts have not adjusted earnings estimates significantly and markets have yet to price in a global recession in spite of significant financial turmoil across the globe. Reality: - Past 5 years, EPS -2.4% compared to estimates during a quarter - Past 10 yrs, -3.3% - Past 15 years -4.7% The US labor shortage is like nothing we've experienced since WW2, worse, it's in a decades long decline with declining birth rates and an aging population. It's far beyond "persistent." The US simply does not have sufficient labor resource. There will be bad market rallies with plenty of volatility for short-term traders, but the bottom is not in... there's far more downside risk to navigate. Keep an eye on higher timeframe volumes and look for EMA's to begin reversing on at least a 3-Day chart before thinking the best market is over.
INDEX:BTCUSDShort
by R0MM3LL