matt17x

matt17x

CRYPTOCAP:BTC has completed a clean 5 wave impulse movement off the bottom. After topping out just above 68k, we are now seeing a simple ABC correction with a low target in the range of 62-63k. Looking to fill in that range to play up to 71k.

matt17x Updated 

Post-ETF hype, I can see a head and shoulders pattern forming on BTC. Targeting support levels in the mid-30K range. This will also get us a clean retest of the weekly LSMA (see my other idea on the weekly time frame). Long term I am extremely bullish on BTC and can see us reaching new ATH before the end of 2024. Will be buying if we correct into 30K range.

matt17x

I wanted to start by saying that I am long-term bullish on Bitcoin. However, I am bearish in the short and medium term based on current price action. Here is my macro analysis, purely based on price action and retail trader tehncial narratives. Keeping the chart clean and simple. Although it is unwise to always trade based on technical indicators, we should not...

matt17x

Today's analysis is based on Elliott Wave Theory in the 1 hour time frame, I see Bitcoin correcting to near 40,000 before bears take over again. After an extreme and brutal continuation selloff over the last week, the cryptocurrency has finally bounced off support with some volume. This recent rally will likely shake out some of the bears that opened...

matt17x Updated 

Based on the Elliot wave theory, BTC has followed an impulse wave up to 37,000. After completion of an ABC correction, we should see continuation up to 40,000 resistance area.