Xbtusdt
Bitcoin Grand Cycle Ewt Analysisfrom the beginning of time, until today, btc has surprised us all.
that being said, let's talk about what i'm seeing here.
wave 5's tend to end in a nice wedge, or an ending diagonal kinda formation.
the wedge we're currently in is reminiscent of this potential scenario.
we're currently at a critical point in my opinion, and this wedge must hold, otherwise things will get messy very quickly.
this is one of many scenarios that i am seeing, and i am happy to share them all with you guys.
ps. i am not taking anymore crypto trades for awhile, until we get a concrete direction.
BTC - How strong are crypto bulls really? Hello trader,
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BTC Crypto Hype III - The top is set -618 play !!
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After a panic sell-off, in which all investors with weak nerves threw their shares on the market, a small offer is enough to make prices rise.
It is enough if there are virtually no salespeople left.
This is usually followed by a sharp rise in the price with an extremely thin trading volume.
Because there are only a few buyers because all market participants are simply afraid. In this case, the lack of new sales is practically enough for prices to rise again.
At the moment we are at the top of the triangle, where the 1D MA20 is also. Usually the MA20 is a strong resistance after such a strong sell-off.
Although the triangle is a bearish pattern, I think we are ready to break it.
We can also see that most market participants have closed their shorts and switched to long positions.
So the first step for the bulls is to break the 38.8K. 40-42k and 1D MA200 is the next strong resistance.
Bears should take over again at the latest from 45-47k.
30-27K is a good level to look for a LONG entry in my opinion.
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Bitcoin - No Trade ZoneCurrently, Bitcoin is in a No Trade Zone in my opinion. I don't see a great signal in either direction.
I would like to see BTC move up to somewhere between 45-47k next but could definitely see the possibility of it falling to the 18-20k area just as easily.
When trading, I suspect that most people lose money easily in the midranges where the price action is chopping back and forth without any good signal of where it may go next. There could be many fakes in either direction up or down and the next move may just be an initial 'spring' to get traders offsides before it moves in the opposite direction with greater strength.
I think the safest play at the moment is to wait until the price reaches 45-47k Resistance or 18-20k Support. After that, you may be able to make a much safer and more profitable entry in anticipation of the next move from those levels.
Good luck and happy trading!
Finally towards the 80kI've been waiting for BTC to touch the middle green line for weeks now, closing below it would obviously mean a very sharp drop and a bear season and i doubt that will happen yet so this is very bullish imo, without getting support from that line you really can't go any forward
that's why i didn't believe to the last bounce
but this one is a perfect buying opportunity. We can probably go towards to 70-80k mark now.
BTC decision time soonBTC has been following along it's current trading channel for a while. However it's running out of time for a decision.
Each time BTC tests the upward trending green line, it weakens. I've noticed over the years that the fourth or later attempt is usually when resistance/support fails. However, Bitcoin has already hit support a fourth time and survived (marked by the yellow support arrows on the chart).
The difference is, BTC is running out of time to decide. If it breaks the top green line, BTC will go to new all time highs. If falls below the upward trending green line it will drop down towards previous support levels.
Watch for it to break either green line and trade accordingly.
BTCUSD ~ Correction Continuation Incoming (high probability)After ETH hit a new ATH and BTC didnt even budge, I think what we are looking at is a setup for a major market correction, after which we will see new ATH's across the board in a massive and unprecedented pumps that will take the overall crypto markets to new levels.
We have been expecting BTC to retouch its weekly support MA's for a long time, and it hasnt. Meanwhile those MA's are catching up, but they are still in the 40k's zone.
A healthy correction down to 10W and possibly even 20W MA would setup the entire crypto markets for a very healthy extended bullrun; especially given ETH and ERC-20 tokens recent pump to new ATHs and recovery levels.
Get your long pants ready in the coming days/weeks!
BTCUSD ~ Market Momentum AngleHere I am demonstrating market momentum trajectory in a super simple way where, in fact, you can fully understand market cycles and trend in a likewise super simple way.
Basically think of market momentum and trend as a measurement of the angle above 0 degrees.
Positive trend = positive angle = bull market
Negative trend = negative angle = bear market
Duh....right?
Well one thing you can also do with this is look at how the bull and bear markets are changing pattern.
Because a bear market doesnt just happen overnight. You dont have an positive-65-degree bull market and then tomorrow have a negative-65-degree bear market.
You get small indications where the curve topples over and begins the new trend.
Over the last weeks I believe we have shifted trend in the market.
This means, IMO, we are in an accumulation stage rather than a bull market stage.
Given this accumulation stage is still quite positive angle, I fully believe we are accumulating for another bull run.
You can measure the angle of the accumulation stage we were in before the previous bull run that topped at 62k to see the difference of angle of this accumulation vs previous accumulation as well - another good indicator telling us how shaper the upward angle will be in the next bull run.
EG: If previous angle was 15-degrees accumulation stage, and then resulted in a 45-degree bull run; -- ; and in this phase we are in a 20-degree accumulation stage, that means we should see a 60-degree bull run (sharper upward angle, and much bigger increase % in price).
Another thing is that we did not hit the 20W MA (20 weekly moving average) which we havent hit for many months. BTC and all cryptos, generally want to touch back down on the 20W MA, and the longer the chart stays above or below this line, the stronger the "gravity" pulling it back to it.
However, an accumulation stage would allow the 20W MA to catch up to the price, but it would require a longer accumulation stage to give the 20W MA time it needs to catch up.
One way or another, I believe we have to eventually hit the 20W MA at this middle point of the bull cycle.
So, setting buy orders above and below (hoping for dump panic sell wicks) is always a solid idea. Easiest and best way to "buy the dip".
BTCUSD ~ Correction ContinuationAs per my previous posts, it does look like BTC has rejected the upward channel we previously held for the entire bullrun up to this point.
The re-entry back into the channel also coincides with 10D and 20D MA's which were also rejected.
Now we are most likely to go down and retest 50D MA and 100D MA.
The 100D MA, over the next weeks, will run up and meet what I call the "price-floor" which I gauge to be around 42k area (not exact, and it will surely wick below it).
I am therefor placing BUYS from 45k all the way down to 35k, hoping for some crazy wicks as n00bs panic-sell.
For me its been very easy to find good entry BUYS on nearly all charts, to line up between the same ranges of fibonacci-retracements with what I expect BTC to go to.
So if BTC is going back down to its 0.618 fib for example, and is currently above the 0.5, you can typically also set buys on other coins at the same fibs (and lower fibs as well, since alt coins will dump more than btc will).
In a bull market, only trade or buy with the trend = we are NOT shorting anything.
Shorting a bull market is suicidal, as is longing a bear market.
Therefor I an NOT marking this chart as a short, even though I do expect we go down.
BTC's strength can pump us up anytime, and it might be too strong for us to even reach the price floor we are hoping for.
Just like those dumb greedy hedgefunds overshorted gamestop - dont be that one....
BTC there's a strong case for 80KBTC looks as though it has printed its bottom and is recovering nicely.
This ascending channel has held and continues to be the current trade channel. If this holds true this could be the bottom of a very bullish movement.
The charts seem to point to at least 80K and that's a minimum (circled in yellow on the chart). BTC can go as high as the top green trade channel without finding resistance.
BTC - Big Correction? Looks weak tbh
Won't bet on it, but looks like we're going to retest the bottom of the channel (after unsuccessful test of $60k). Long and mid-term still bullish for me. On the other hand, mb, mid-term it looks more like sideways now.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
BTC levels of supportBTC has had a correction occur with it breaking out the bottom of it's current price trend. However BTC has two levels of support with the first proving itself a worthy adversary to the current bearish movement.
BTC can go to as low as $53K before finding the first level and as low as $48K before finding the second (marked on the chart with yellow arrows).
I would be buying the dip. Not financial advice. Just personal opinion.