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⚡️BITCOIN⚡️ - THE BIG WAVE HAS STARTED! 🌊🌊Hello friends of trading View! I'm Gustavo Correa and I come to bring you another study on past and future correlations. Look at this monthly chart: We have just below the MACD indicator set at 5/15/9. See the particularities of these four moments when the MACD was negative and crossed to positive. 👉🏼 From left to right we see Bearmarket. Right after a crossing pointed out by the red circle, we observe a jump of 159%. 👉🏼In the second event, in May 2020, as soon as there was a crossing, there was a jump of 562% 👉🏼In the third event, on September 21, there was a crossing and then a 45% jump. Now see what a beautiful thing! A new event like the previous 3 is taking place. The crossover has already occurred and so far there has been a 23% jump. Will we see a violent bullish move, bigger than past events? The real thing is that Bullmarket has already started and we already have more than 80% appreciation so far. What do you think of this idea? Comment down below and see you next time!
BNC:BLXLong
by GustavoCorrea1
Short Term - Navigating Potential Correction and Managing RiskOver the weekend, I've been analyzing Bitcoin's performance, seeking to determine its next market move. Similar to my view on the S&P 500, I believe that Bitcoin is due for a correction in the near future. It's possible that we could see a spike to $30,600 or even slightly above before experiencing a larger rejection. This level represents an equality target based on my wave analysis. While it would be an extended move, I'd assign it a 40% probability of reaching that high. If Bitcoin does approach $30,000, be prepared for a swift spike, as numerous stop losses could be triggered at that level. Following a rejection, we can expect Bitcoin to revisit the 200-week moving average, currently around $25,000. It's not unusual for price action to oscillate around this crucial indicator. A drop from even our current levels to $25,000 represents a $2,500 move or roughly a 10% decline. While entering high-leverage short positions on Bitcoin futures or perpetual swaps might be tempting, it's essential to manage risk wisely. I personally liquidated (note: sold to cash) a portion of my BTC holdings at $28,000 last week and plan to wait for a significant pullback before re-entering the market with those funds. As for the much-anticipated altcoin season, exercise caution and consider reducing risk in this area as well. It might be prudent to take some profits now and look for re-entry opportunities when Bitcoin eventually corrects. Remember, market conditions can change rapidly, and it's essential to have a well-thought-out strategy in place. The current Bitcoin market outlook suggests a potential correction in the near future. As always, it's crucial to manage risk and avoid overexposure in high-leverage positions. Keep a close eye on market movements and technical indicators, and make informed decisions based on your own research and analysis. Please note that this analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.
BNC:BLX
by bitdoctor
AW Bitcoin Analysis - Getting Closer To The Preferred Count...As always, I aim to improve my analysis of Bitcoin because if I am not producing better ideas then I am not doing my job. You can see the chart for this idea linked down below in related ideas. By now I have dissected and cross examined this chart more times than I can count. Let's get one thing straight, Bitcoin has not ever seen a GFC so assuming that it won't actually correct properly during a crisis is probably going to cost you dearly. The news is cat ship wrapped in dog ship, so believing that Bitcoin is performing well because of some silly media BS is only setting you up for failure. Besides, don't people often say that the FED never lets the market correct properly? Why wouldn't you want cryptos to correct properly? One thing Bitcoin has never done is correct properly so if you want it to go higher then you will understand why this is important. Does this offer people a chance to get in at a much lower price? You better believe it, and I want to help you get in cheaper because when the whole space finally moves up, you will be better off for it. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BNC:BLX
by AriasWave
1
AW Bitcoin Analysis - IS SHTF For Bitcoin? Old Count Modified...The truth is that my old count modified For Blue Wave 4 makes a lot of sense when looked at this way. Why? Because if I was counting this move up as a Weak 5-Wave move, the problem is that Waves 4, 2 and 1 are not overlapping. Therefore, it cannot really be classified as an official Weak 5-Wave move. Duh! But also, look what happens when I run a trend-line from the previous 2 Wave 4's... Price has been interacting with this particular trend-line recently which might help explain the price action at the lows right now. Something about the crazy insane mania I have seen lately piqued my curiosity and I just had to try out this combination of analysis. It seems plausible therefore I will head in this direction because it makes sense to do so. I have also been making progress with the move down since all-time-highs which might help explain what we are seeing now. Could the SHTF for the original crypto afterall? Could we really be in Wave 2 of a larger unfolding trend right now? I will do my best to answer these questions very soon. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BNC:BLX
by AriasWave
AW Bitcoin Analysis - The Current Wave D In More Detail...This video is a continuation of the previous idea where I discuss the larger pattern. (Linked Below) I also give you price estimations which can vary depending on where Wave E ends. Wave D is really good at faking people out, so this is why I am going so deep on this whole thing. The price fluctuations in Bitcoin are in line with human psychology and emotion so I find this to be quite fitting for what we are seeing. Trend-line breaks are great, but they usually work best on the last wave of a correction. When it comes down to it all you can be the judge of all this once we see price unfold. Don't forget that XLM still has to make another low, how do you think it will get there? Lately I have been questioning everything because I see a lot of emotion in people lately. If Wave E happens to extend lower then what is mentioned in this video, that may also cause confusion. All we can do is be on the lookout for more clues along the way. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BNC:BLX
by AriasWave