Get started

BLX

Bitcoins Peculiar Elliot Waves! #2This chart is a second look at " Bitcoins Peculiar Elliot waves" In this analysis we are assuming that wave 3 has not finished yet, but should do so by summer next year. June @ 95 bars would mark a 2.5 lengthened cycle from the first first wave. The next look is into an a possible extended bear market with the bar length all clearly marked, at this point for me it's just an educated guess. I want to note that price is not the emphasis of this outlook, it is cycle and time line based...So please don't get caught up on price points. I have listed the original "bitcoins Peculiar Elliot Waves" in this chart as well. take a look and let me know what you think down below. The answer to this one is sooner than later so we'll know how valid this cycle analysis is by midpoint next year. Also please do not take any of this as investment advice, it's just an observation and should be taken as educational. Thank you for looking and stay blessed! WeAreSat0shi
BNC:BLX
by WeAreSat0shi
2
Bitcoins Peculiar Elliot Waves! If this accurate, Bitcoin might have one of the peculiar Elliot waves cycles. The cycles so far as we can see have been clearly lengthening, but will it continue? What I am proposing here goes against that narrative but is within cycle parameters and structure as shown with the labeled length in bars . We are on the monthly chart here so every bar is one month. This is not a prediction of any sort but a wave analysis and what would be fairly surprising for a lot of people yet not derailing and still falling within past cycles. Looking at this, I really think this would catch a lot of people of guard at cycles end while correcting and preparing for the next wave most likely entering 2030. The correction would be devastating and destroy all belief in the asset. It would most likely obliterate most altcoins, only the truly good projects would survive. Let me know what you think down below. This is no means investment advice and should not be taken as such. Remember, we the people are Satoshi!! Thank you WeAreSat0shi
BNC:BLX
by WeAreSat0shi
3
Will Bitcoin ever break above it's old trend line? #2 Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and indicator and see if there is any confluence to it with any other indicator.... Well I have found one. "HTF Log Curves Oscillator" coded by quantadelic is the one on the bottom and it's showing the same exact thing. So we have to different Indicators coded by two different coders literally telling us the same thing! As we can clearly see the HTF was in a clear trading channel bitcoins entire existence and then show's a breach in 2020 as the other did, price action then shows a quick recovery to the eventual lack of hitting the top of the channel and the ultimate break though the bottom. What does this mean? To me, first off, It means the math and coding used is sound. Both indicators separate from each other are reacting in the same way, and we might need to pay attention. Why do we need to pay attention? The age old saying in investing is why, what was previous support is future resistance. These could very well show us the next bitcoin top and or bottom. The one thing that is for sure is they are both either showing a slow down in bitcoins parabola or a consolidation period. That still remains to be seen. Follow along with me and let's find out together. I would like to thank everyone who has recently followed me, liked the chart and the Tradingview team for recognizing my work and helping this view get out. Once again the support and response has truly been overwhelming. Thank you. Please feel free to comment your thoughts or questions down below. Remember, WeAreSat0shi Stay blessed!
BNC:BLX
by WeAreSat0shi
Bitcoin and what to look for.A break and close above the top line has a good chance to lead to parabolic rally to 150k. A break and close of the bottom line (Specifically bellow 29k) could lead to a a 19k to 14k correction. As of right now Bitcoin the macd turning up and we are waiting for a cross up on it to make it official. The Stochastic has a buy signal with momentum up. On the RSI we have a very interesting hidden bullish divergence that has formed. This signal carries to the two week and the monthly as well. You now where to buy and where to sell. This is not financial advice.
BNC:BLX
by WeAreSat0shi
Bitcoin and Elliot playing in the waves of time!This chart by no means is a price prediction. It's a look into a possible future for bitcoin in the coming years based on Elliot wave theory. In this chart I am are assuming that Bitcoins next move is the start of wave 5 in Elliot wave theory. When ever it ends the theory states that a massive ABC correction will follow, which would kill the mania and be bitcoins first true BIG bear market. This correction ( crash ) would not only be devastating by price but also by time, as it would most likely last multiple years and be the longest bear market to date. It would physiologically kill the market, and it's this this bear market that would likely kill all the shit coins and show which projects will last for years to come. It's only a devastating crash like that would cleans the market of scams, that would then catapult all the survivors to the next level in the eventual impulse wave 3! Time frame My time frame for this to start is 2026 to 2029. It all depends on how long it takes for the first impulse wave of wave 5 takes. How long will the bear market crash last? The question that everyone would answered is the one question that no one can answer. It could be that some or most people might not see new highs for the rest of their natural lives... So 10 to 30 years... But I would say most likely 10 to 15 years would be in the cards. What about adoption? I believe that in this bear market is when the true adoption and the realization of the use and necessity of Bitcoin/blockchain/defi to the masses. This is where Bitcoin gains critical mass in my opinion, but it will take a long time. This is all hypothetical of course providing we haven't lost technology through war or any other interruptions. This is my outlook for the next decade or so, but I might be getting ahead of my self. Let me know what you think in the comment section down below. Thanks for looking *The only certainty is, that there is no certainty *
BNC:BLXEducation
by WeAreSat0shi
$BTC to $15.8k? Over the last few days, I've switched my bias towards the downside. The trigger was $BTC losing the $19.2k support yesterday which increases the likelihood of further downside. As you can see from the chart, there's a H&S that formed on the 2 day chart. If it were to break the neckline, I think we could see a capitulation low happen quickly. The price action was enough for me to completely exit the crypto market and stocks. Not sure what the catalyst will be, if it'll be the PMI, or something else, but I think the risk is greater than the reward at this point of being long. So I'm going to sit in cash. I have bids set at $15.8k should this play out. There may be some volatility over the next week or two that could send prices higher in the short term, but if it doesn't break $22.5k, this idea is still valid. If $15.8k gets hit, then I revert back to my previous idea where I think that'll setup a run into the $30k range. I'd anticipate a move playing out sometime over the next 1-6 weeks. Let's see.
COINBASE:BTCUSDShort
by benjihyam
13
BTC to $28k next? Here's what needs to happen.Shorter term update (still think that BTC will go higher in the mid term but the path of how we get there in my mind has changed): There's a lot of people assuming that we're going to retest the lows right now. That combined with the chart, leads me to believe that we'll see higher prices from here, before (the possibility) of going lower. If you look at the chart, it looks like the rising wedge that we just broke down from has now formed into a broadening wedge. If that is the case, then I can see testing the top of the wedge at $28k, before we go lower. The bottom of the wedge needs to hold for this idea to be valid. I'll have to reassess what happens after $28k should that target be hit. Let's see what happens in the coming weeks.
COINBASE:BTCUSDLong
by benjihyam
10
Blx macro ending diagonal idea!Although we havent confirmed bottom yet we still have same legacy top trend line! BBlx has broken 21/233 ema bearish for the first time in history of weekly chart. I expect 10-13k bottom but we are near the 1-1 fib of our correction and historically corrections have bounced at the .786! Not claiming a bottom here but when we are finished correcting I think this Elliot wave count will hold true! Rules for ending diagonal: * Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. * Each wave subdivides into threes. Waves 1 and 4 overlap in price. * Wave 3 can not be the shortest among waves 1, 3 and 5. * Wave 1 is usually the longest, but not necessarily. * Usually occurs in a wave 5 of an impulse and wave C of an A-B-C correction
BNC:BLX
by Cryptoholics_Anonymous
2
weekly bullish divergence.two times in history was there ever a weekly bullish divergence on bitcoin. both times marked a cycle low. feast your eyes on the third time in history that this has ever taken place. --- a weekly hidden bullish divergence of this magnitude is also present for the first time in history - indicating a significant reversal on the horizon. --- this doesn't mean that btc can't go lower, don't get me wrong, it absolutely can ~ all it means is there is a visible shift into positive momentum. --- each and every single one of those cycle lows, a majority of the market was incredibly bearish, hoping for a break down to get better prices, all in short, or simply terrified to become buyers after getting rekt on a -90% decline ~ and each one of those rare occasions posed as the single biggest buying opportunity in crypto's history. --- fact of the matter is, most people won't become buyers in crypto until btc breaks ath - that's just usually how it goes. "you're so lucky" they'll tell us, when our buys 100x from these lows, -as we'll simply smile at them in total agreeance. --- history is being created right before your eyes ladies and gentlemen, and you are currently a big part of it. 💰
BITSTAMP:BTCUSD
by notoriousbids
14
𝘮𝘢𝘺 𝘪 𝘩𝘢𝘷𝘦 𝘵𝘩𝘪𝘴 𝘥𝘢𝘯𝘤𝘦?last few weeks i have assessed all of the potential scenarios in the stock and crypto markets, i've spent hundreds of hours observing the overall market sentiment and all of the beautiful data which has come to light; and i have made up my decision for the time being, i think we go up into the new year... to about 35k. --- that being said, i could be totally wrong about this so please don't randomly follow my footsteps blindly as i am not a financial advisor -> 𝘪'𝘮 𝘫𝘶𝘴𝘵 𝘢 𝘨𝘶𝘺 𝘸𝘩𝘰 𝘱𝘭𝘢𝘺𝘴 𝘢 𝘷𝘪𝘰𝘭𝘪𝘯 𝘰𝘯 𝘵𝘩𝘦 𝘵𝘪𝘵𝘢𝘯𝘪𝘤. --- this move up will be nothing more than a B wave (suckers rally), and i do think btc collapses in 2023, down to about 6k (before a true bear market bottom is in). ✌
Long
by notoriousbids
5
bitcoin consolidating at major fib circle, doom or boom?bitcoin is ranging for several months as it nears a key fib circle in my previous bitcoin chart i prompted that bitcoin capitulates each november every 4 years (10, 14, 18, 22?) if the monthly closes below current price and crosses the fibo circle we may see a weak october before final drop november to my ladder zone for longs one idea that has crossed my mind is that this could be a large ABC correction (A to current price, B to ATH with an SFP and then C back down to ladder zone and 100mma / sfp current local low)
BITSTAMP:BTCUSD
by TBTS
deep divin'btc seems to be hanging off a cliff here. our daily indicator has crossed bearish a few days ago and has resumed downtrend successfully. btc has printed a double hidden bearish divergence in this range on the daily, and continues to show signs of weakness with each passing day. i highlighted the last few times our indicator crossed bearish (on the daily) with a similar hidden bearish divergence + the reaction btc saw each and every time. --- i was looking for this current correction to expand in time, but my theory is becoming less probable with each passing moment. i''m going to keep this real simple, if buyers don't come in over the next few days, btc will likely fall off this cliff. @TradingSurfers made a beautiful post the other day displaying the cliff - check it out 👇 --- i've shared numerous bearish alternatives over the last few months, and ima leave them here for you to feast on:
by notoriousbids
3
too bull too quick?bitcoin is starting to display a loss of momentum up here. it has also printed a very clean 4h hidden bearish divergence: ⏬ this tells me there's a reversal which is imminent in the near term. bitcoin did come up in 5 waves though, which is generally the beginning or an end to something. in this case, it is the beginning of something as it came right off the lows. ⏬ the bulls want to see something along these lines: ⏬ but i'm looking for more complexity, as displayed in my last post: --- it is also still somewhat possible that this mean retracement which bitcoin is currently working on is a connector leg for a larger move down which is yet to come (to 13k), displayed in this post right here: --- the strategy is simple this week, watch what the rejection looks like from the local golden zone at about 22.5k. >if the rejection takes out the lows at 18.4k, entertain the last two ideas which i shared above. >if the rejection is controlled (doesn't take out the lows), and it comes down in a clean 3 wave move, then we might be in for a bullish treat over the next few months. --- as always, be very cautious over the next few weeks - as there's quite a few different paths which bitcoin can take.
by notoriousbids
4