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Elliottwaveprojection

Bitcoin bullish short termThat could be it for the bitcoin. The emotion in the bitcoin market is very high, especially in the bearish phases. Let's not let that get in our way and look at the technical factors of bitcoin - more specifically, the Elliott waves. According to my calculations, we are in an uptrend, at least for a short time. Bitcoin has approached the area of the wave (iii), the 1.618 extension and is currently building a clean 5divider. When bitcoin crossed 18060, I could hardly believe it. Right now we are in the (iv) of the i, so it will go up a bit before the next correction. We will probably reach the 300% extension at 19863 before correcting again. Are you invested in bitcoin? When do you think bitcoin will go up again?
BITSTAMP:BTCUSDLong
by DavidJankowski
BTC Intraday analysis update - Potential for massive BULL trap!!POSSIBILITY OF MASSIVE BULL TRAPS: As articulated in previous posts, the preffered count taken is that an ABC was completed at -$17400 with C wave subdivisions evident. With price strongly bouncing at the $16900, there is potential for alot of traders to become overly optimistic and a bull trap could occur; this could lead to a strong move coming posited to the downside which in turn would liquidate/stop new longs in the market with such optimism present. If price does manage to get above 17400$ this would invalidate this idea but for now this is the preferred play out and if such does occur then reevaluation of the count would be necessary. Volatility is on the rise; and a big move is likely incoming and we are yet to see the direction. If we do see a strong reversal from here a big sell off would be likely towards 16200 area as described in previous posts. Lets see how this plays out. Stay Safe!!
Short
by NICKVASS10
BTC is in the last stages of the corrective cycleOur view about the Bitcoin situation. The corrective cycle that started one year ago is reaching the last stages. Even though the current price could be an excellent option to buy BTC, we still believe BTC will make new lows until it goes down to the 12,000 level and reaches the Inflection Zone (green area) to end the corrective cycle. From there, we expect it will resume the uptrend and start the bullish cycle that will break the historic highs during 2023. We strongly believe this will be the last chance to buy BTC at this low price as we forecast that once wave 2 starts (II in orange, the new bullish cycle), the BTC price will never return to this price level. We will continue monitoring BTC and update you accordingly. Have a fantastic trading day
COINBASE:BTCUSDLong
by TradingtheRightSide
1
Depth of corrective waves. Elliott Wave.Elliott Wave Guidelines: Depth of Corrective Waves Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary guideline of this larger Elliott Wave guideline. If you have found this inspiring/helpful, please consider a boost and follow! Also, check out the links in my signature to get to know me better! Cheers!
Education
by CryptoKnee
OFSS counter trend rally OFSS is in counter trend rally as a wave ABC, in which wave A and wave B are completed and now possibly we are ready to unfold wave C of B retracement in daily time frame. Price is in upper part of Bollinger band in daily Macd in daily positive crossover and Uptick Macd in weekly positive crossover and Uptick Rsi in daily above 60 uptick Dmi adx also positive in daily time frame Most traders treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you....! Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing I am not responsible for any any kind of profit or loss
NSE:OFSSLong
by RK_Chaarts