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Moonshot

BTCUSDCOINBASE:BTCUSD After a 12345 correction is time to wait for bitcoin to choose a direction. This will be indicated by a "Motive Wave" Motive Waves In Elliott Wave Theory, the traditional definition of motive wave is a 5 wave move in the same direction as the trend of one larger degree. There are three different variations of a 5 wave move which is considered a motive wave: Impulse wave, Impulse with extension, and diagonal. EWF prefers to define motive wave in a different way. We agree that motive waves move in the same direction as the trend and we also agree that 5 waves move is a motive wave. However, we think that motive waves do not have to be in 5 waves. In today’s market, motive waves can unfold in 3 waves. For this reason, we prefer to call it motive sequence instead. www.google.com
COINBASE:BTCUSD
by CFlo17
AN IMPORTANT GOAL OF $23 INCOMING FOR CHAINLINK Currently sitting at the very bottom of an under-sold status on the,monthly RSI chart. Chainlink is getting ready to peak out above the negative trendline. Looking back at the daily chart, we may have found our support for further momentum upward at or near $17. This is showing our next hurdle on the 4 hr chart is going to be $22-$23 for link to assume new support at this level. I honestly see Chainlink moving further upward and this may be the last time we will see its $14-$16 price tag. Good luck and happy trading
LLong
by Brother-Doug
5
Bitcoin Headed Retrace: Where do we bounce? NOTE: ZOOM OUT TO SEE ALL THE WAY BACK TO AUGUST 2021 to make sense of this Here we are... in the mixt of the most infamous parts of the crypto market cycle: The Start of a massive Bull Run. As we finally hit the first major retracement level. The question stands? Where do I buy? Where (too late now) would I short to? Where do I put my stop loss? Here is what I see: 1) Slight Head and Shoulders pattern forms in area around reversal, indicating bearish impulse. 2) BTC ranges between the 50% fib and 38.2% fib for a few days of time. This tells me, that 50% line will most likely serve as the pivot point back upward. I would put my stop loss probably somewhere in the middle of the 50% and 38.2% zone but beware of stop loss hunting that will likely occur before the up-swing. If you are margin trading, I would recommend setting a buy zone in that zone as well to counter the effect of a potential hunt. 3) Historical situations show that most of these retracements tend to occur with similar fashion. I have zoomed out (zoom in on specific current zone and August 21st, 2021 zone for comparison.) In comparing the zones: Notice the similar structure of the initial breakout/retracement pattern occurring in bot areas. **This does bring me to the point of addressing how this comparison does not line up with my last point. This is because this time period showed more resistance between the 23.60% zone and the 38.20% zone while the current shows what I mentioned before. Things may be similar, but rarely identical in this time and age. 4) The aforementioned zone in August 2021 shows a similar behavior as we analyze wave trends. We see a two pretty large impulses followed by the retracement period and as seen in August, that leads to an even larger breakout. 5) RSI typically dives down to get close to or touch off the 30% line leading into a bullish swing upward. I'm pretty certain that we are approaching a very clearly bullish segment after a cold crypto winter. Make a move, make some money.
Long
by PapaBear95
1