USDT dominance is showing strength at supportUSDT.D is now at support, i think we will see some moves to the upside anytime soon which means correction towards crypto market for approximately 2-3 weeks ahead.
Breakout upwards 7.9% could be dump for bitcoin and other crypto pair.
Do not fomo buy now, wait for retracement & confirmation.
Elliottwaveanalyis
Bitcoin Elliott Wave count 1H TFBitcoin is into a 7 swings wxy correction and I think we are into wave B from the Y wave. Also this B wave is a wxy corrective pattern.
We have a 2 key support levels 22500 and 21500 zones so if Bitcoin bounce in one of this supports and retake the middle line of the channel that act as a bullish flag also than it can go to 27000.
I am still in a short position with the Take profit somewhere at 21800, you can see the link to related idea for it and than I am looking to enter long.
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Bitcoin Elliott Wave count 4h TF Bullish scenario still in play with this leading diagonal. I am expecting the correction to end near 4 th wave and will be a zigzag. If the price will break up the b wave than I will enter long.
Also take look to the related idea.
For take profit I think Bitcoin will hit at least 23000. I will update take profit targets in the near future.
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NEM/USDT Elliott Wave count 6H TFBarrier triangle for NEM and I am expecting wave E to go at 0.618 0.04875 fib retracement of wave D. youu can play long untill this target and from there you can trade short with Stop lose at wave C high.
Overall on long therm I am bearish on NEM.
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Bitcoin Elliott Wave count 4h TF This is my bullish count and how I will trade it and after this I will present also my bearish count.
Bitcoin made an impulse to the upside from 17578 and after probably ended a flat correction with wave A an expended flat, wave B an wxy and than the C wave an impulse.
Also after the flat correction it made a leading diagonal.
Now I am expecting the correction and if it will be a correction the trigger for my order will be on the break up of the wave b.
Bitcoin can go up at least for a C wave. Take profit targets in the next update.
I will update this count and trade ideea so subscribe if you like it for future updates.
Bitcoin Elliott Wave count 4h TF This is my bearish count watch also the Link to related idea for the bullish count.
Bitcoin made a WXY correction and after made an impulse to the downside that can be wave 1 from a bigger degree impulse to the downside.
Entry will be on the break of wave 1 or more aggressive on the break of wave x ftom wxy that formed wave 2.
Take profit targets in the next update.
I will update this count and trade ideea so subscribe if you like it for future updates.
NEM/USDT Elliott Wave count 6H TFNem (New Economy Movement)formed a running triangle pattern that can send it to a new low. Entries below 0.0357 and TP1 0.0264 TP2 0.0225 TP3 0.0169 TP4 0.0098
BNBUSDT broken out of falling wedgeBNBUSDT has broken out of the falling wedge pattern, am not bullish yet unless for scalp, because we are still in the corrective pattern imo.
Resistance at 230 area is still strong, there's possibility that BNB continue its correction downward to psychological 200 area, before continue to the upside.
BTC Elliott Wave count 1H TFBitcoin may have finished the correction for a flat. if it passes the median line of the channel it would be the1st clue and then if it will pass the wave 4 of this descending impulse of the wave C will be the 2nd clue to strong our probability of changing the trend upside.
Bitcoin Elliott Wave Daily countThis is my view about Bitcoin at this moment and we may have the bottom here!!! Let`s see how.
The wave 3 ended on 14 march 2021 and from that time started wave 4th. An extended flat formed by wave a extended flat, wave b zigzag, and now wave c the impulse wave is an ending diagonal. Also the ending diagonal 3rd wave is bigger than wave 5 but not too much and if it will go deeper will break the EW rules.(3rd=47.48% vs 5th 44.35%)
Wave c from the 4th wave bounced in 1.414 fib extension of wave a and b.
Bitcoin has the chance to do something now and if it will go impulsive and will take the channel middle line first and maybe the upper band than the chance to start the 5th wave will be bigger.
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