Bitcoin
Long
Updated

The best prophecy of all times

1 737
used time machine to bring you this
cant say anything more due to the rules of Time Patrol
Note
snapshot
Note
Possible channel. Fib time zones are very accurate tool. Do they show us possible time of 5th wave up top? Maybe

snapshot
Note
4hr EMA200 might act as support. Similar as on previous rally

snapshot
Note
Dejavu

snapshot
Bears about to get rekt
Note
Above similar patern didnt worked. Still expecting the bounce from the primal 4th wave target around 7200. ITs 4hr EMA 200 and daily ema34 snapshot
Note
Breakdown through 7200 area is bad. Seems we are more bearish than I thought. Looking fo 6800 level now where weekly support pivot is and 0.618 fib level. We might bounce from here already but I dont expect this bounce to be strong. Bear flag will be created most likely.

Had this idea earlier but the top wasnt going exactly as planned so I drop it. Wish I stick to it longer
H&S inside a H&S inside a H&S
Note
short term possible waves snapshot
Note
My current view of the possible scenarios.

The green Elliot Waves count was my previous count of my earlier bull idea. Now, it is less likely to happen but I can still see it as possibility so I leave it in case it will develop into something similar.

Bear scenario will lead us to 6k level again. Look for the possible flag patern (blue). Might be a sign of bear behind the corner

snapshot
Note
snapshot
Note
Thought we're in a channel but 4th wave was too short so I think we're rather inside a falling wedge (bullish formation):
snapshot

which also seems to be a right leg of bullish crab. After it finish it we should see a retrace bounce up
snapshot
Note
Bulls showed up but they showed up too early on my chart. Indicators on daily, 12h and 4hr are all looking bullish so we might stay bullish for today but price didnt went to my target. Not sure if waves are completed. Still could form a bear flag and 4th wave here so am not too much bullish yet

snapshot
Note
descending broadening wedge fits even better

snapshot
Note
I checked proportions and it might be bearish shark. End of it would meet resistance at 4hr EMA 200 around 3,4hr ichi clouds

snapshot
Note
Here is the final idea for this short term waves. Bearish shark inside a bullish crab

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.