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Elliottwaveanalyis

Bitcoin From 2010 to 2025: A Bullish Corrective WaveA 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, these fractals only come 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 seen outside of the OTC Market. Not to drag this write-up out too long as all of my notes and thoughts are shared on the chart but let this be the main point(s): 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. Seemingly in a Bullish Double Zig-Zag wave, I believe Bitcoin has enough gas left to reach towards $174,017.93 to $329,945.48. I suspect this target range could be reach between November 2024 and March 2025 however, 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. *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, the idea of a new-ATH is invalidated and bottom targets could come much quicker but, its impossible for the longstanding structure of Bitcoin's chart to be changed. This should be my last post on TradingVIew for Bitcoin. Surf well!
BNC:BLX
by DigitalSurfTrading
1
Bitcoin Elliott Wave count 2H TF ABC correction to the upside as I mentioned in the previous ideea with a tricky C wave beeing an Exoending ending diagonal that made me exit from a long trade to catch it. I will enter short with 1/2 now with stop lose at 18400. Also I will sell other 1/2 at 0.618 fib retracement. If this level will not be hit I will remain with this half. I will move Stop lose at breakeven when the price will hit 16600. Take profit I will update when i will see more price action. We may have a C Wave or a 3 rd wave here. Good luck!
COINBASE:BTCUSDShort
by Cross10XSignals
Matic Did I miss the boat? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Matic got the new low for a potential 5 waves in down in this variant. And have been watching this move up for a play. Waiting to see if this finishes here and moves back down to the GZ and support in a corrective fashion. If it does will consider a long, if it blasts, new plan. Can always get in later, it may hurt, but sticking to the plan. Being an impulse, I could be missing something and could break the low...hence a corrective to and reaction off would be ideal. Cheers!
MLong
by CryptoKnee
FTM/USDT Elliott Wave count 12H TFFantom into a falling wedge pattern what I think it is a 5th wave ending diagonal, translated into Elliott wave theory. Probably we ended the wave A from an ABC 5th wave of a 5th wave bigger degree and now we may enter into wave B from this ABC pattern(red count). A trade plan here is to sell into 0.5 - 0.618 fib retracement (0.235 - 0.226 zone) of the wave A where also we have a strong resistance, the red pointed slope trend line. Targets for this 5th wave is 0.150 - 0.145 zone where we have previous low from July 2021. We may take into consideration a truncation here as 0.618 fib extension 3rd vs 4th it perfectly aligns with the previous November 22 bottom. Bigger picture remains bearish on FTM. Any breakup of the wedge pattern will invalidated the count!! If you want me to analyze other coins that interest you, please write in the comments, I will gladly do it within the available time. Good luck!
BINANCE:FTMUSDShort
by Cross10XSignals
2
TSLA, Turn?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Cheers! Not a bad area for a turn here. Hitting some resistance, some Elliott Wave Fibs and some geometry. BUT the bounce up appears to be a 3 wave move and a swift move down, which may suggest it is just a correction and more down is coming. Some kind of truncation could have occurred but would need to see some swift upwards to confirm. Watching this retracement. If it comes up to at least the .50 in a corrective move, that could be an indication the down is come. IF it heads down, there is some nice previous resistance that could be as support.
NASDAQ:TSLAShort
by CryptoKnee
BTC/USDT Elliott Wave count 4H TFBictoin bullish and bearish scenarios. Bullish scenario: Bitcoin could go up correctively with an extended flat pattern if the formation in the ellipse is a 12 12. The confirmation of this scenario could be if Bictoin breaks above 17500. Also look at the realted idea for the bullish scenario. Bearish scenario: Bitcoin could go down if this correction is a triangle for a wave B, which is not yet completed. The proof of this scenario could be if Bictoin forms this triangle and breaks below 16000, which would also invalidate the bullish scenario. If you like my analysis, give it a like and click subscribe for future counts. Good luck!
COINBASE:BTCUSD
by Cross10XSignals
9