BTC forming an ending diagonal ?I've long held to the theory, that the 2011-2013 BTC bull run is equivalent to the 2015-2021(22) bull run.
So my fibonacci lines are from 2015 low to 2018 high.
I suspect BTC is forming an ending diagonal. In addition, I would not be surprised to see BTC do a throwover for the final wave 5 of the ending diagonal to nail the 4.236 fib of years 2015-2022 bull run cycle.
This would fit very well with the current curve trend of BTC on a log graph.
If you are a trend line person, I might as well throw this in there.
**TOTAL**
Now let's look at TOTAL. If you hold that the bull cycle is from 2018 to 2021, then yes TOTAL has touched the 4.236 fib.
But, if the cycle is from 2015-2022, then it has not touched the 4.236 fib. TOTAL has one more push to go. It would also form an ending diagonal.
But, unlike BTC that would NOT require a throwover to touch exactly the 4.236 fib, TOTAL would easily touch the 4.326 fib with an ending diagonal
**TOTAL3** (TOTAL - BTC - ETC)
TOTAL3 doesn't have a history since 2015, so I can't do a fibonacci. But, it is forming the same ending diagonal pattern.
It might possibly do a throwover, but I wouldn't bet the bank on it.
BLX
What is going on? Is Bitcoin broken?Hello investors and traders.
Did yesterdays dump get you down or scare you? You need not fear , Bitcoin is not broken. In fact its stronger than ever. Does this mean prices can not go lower in the short to medium term? No, they in fact can and should be looked at as buy opportunities. How do we determine what to expect?
1 If bitcoin breaks back above the 21 week EMA at about 52.5k in the next week, then we are bullish.
2 If we are above the top resistance at 58.2k at months end then first quarter of next year looks good to run.
If we do not do these things then it's most likely we retest lower support at 34k to 35k possibly lower into the blue area as illustrated in the chart before the next leg up.
The indicator on the bottom is the NVT and it's still showing strength to me, but we wait and see what happens.
In my opinion this is a weak fear trade that will not last long and is most likely the catalyst to the next major move up.. But I honestly don't know as know one does. We simply use the facts in the charts.
This not financial advise.
* Never let fear dictate your actions*
BTCUSDT , What will happen in DecemberHello everybody
According to the last chart we analysis , we explain some of the factor and the pshchological view of market maker to the market and what will can happen in December
Look at our previous analysis and read explaination to know the market better and can take good decision
Previous analysis :
If you wanna any help or do you have any question just ask us , send us messages in private
Good Luck
Abtin
BTCUSDT , Did you sell before this amazing dump ??Hello everybody
Whats up ? Are you be calm with this amaizng dump ? or Not ?
In our Vip channel more than half of our members are happy because of this dump :D :D :D
But In here according to the chart you can see the market was dumped and many traders is searching to find a reason that why the market was dumped but it is sh...
We are in emotinal candle stick and after that we think we have some rising but we should be ready to have some stop hunter the position and liquidation and after that we are be ready to go up .
In December all the time we are be ready to put the fear in market and you can see all the amateurs is selling and go out from the market for many years :D :D :D :D
We will publish that chart after this one for anyone you can use it
I hope you've listened! XRP, ADA, BTC Analyses All Spot OnThese analysis are best viewed on a desktop Browser - I'm not sure why they're distorted on mobile.
Nevertheless, in recent months I've posted three analyses, ADA, XRP, and BTC. These haven't gotten much fanfare (because they don't provide you confirmation bias that 'we are going to the moon')
My wave counts are unfolding as expected with absolutely valid and high probability downside targets.
I know they tend to be wordy, but you will be grateful if you take the time to read/understand.
I'll likely be flipping bullish in the coming weeks, but expect more blood, a lot more blood, in the interim.
This is why you need to learn, eat, sleep, and breathe Elliott Wave Theory. Please don't forget to leave comments on each individual analysis telling me why I'm still way wrong -- you know, because YouTubers keep telling you you're gonna be rich and your token is going to the moon.
Good luck!
Justin
12-2 btc update ~after a lot of thinking, i think we're still in a complex corrective phase. chances are, it is going to go on for at least another 30 days give or take.
my upside target remains the same for the longer term projection, but i have reason to believe we see a deviation of course before making that run.
everything points toward a 48~50k bottom to end this year, but not before one final bull trap :^).
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for this swing here, i'm looking to long the mid 55k range -> 61k
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🌙full credit to @pejman_zwin on this expanding diagonal idea.
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i'm a big fan of this scenario; here's why.
•december 4th is the new moon - historical sell signal in the crypto community.
•astrology + numerology play a big role in these markets, especially when it comes to dump sessions.
•sub-wave 4 target lines up with about 61k, which is the 100% extension of the recent move up from the local lows, in confluence with the expanding diagonal structure.
•expanding diagonals move in 3-3-3-3-3 - which would explain the unusual chop we're experiencing.
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keep an eye out for this possibility, and expect the unexpected closer to december 4th.
if this does play out,
downside target for the completion of wave 5 into wave 1\A of a higher degree would sit at about $50,000.
btc 11-30 update ~today was a very interesting day, full of much needed volatility owo
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still targeting around 63k, but it's possible that we break at about 61~62k; will see what the wave structure looks like closer to that zone.
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enjoy this mini alt season while it lasts, for what comes next will rock your world.
👇
11-30 bitcorn update :^)wise man once said
sell when everyone is greedy
buy when everyone is fearful
little expanded flat playing out here into what i'm thinking might be a 1-2, but it could very well be an a-b as well.
if it's an a-b, look out below once wave c is in :, )
i prefer the simple zig-zag scenario for maximum pain + maximum opportunity for those who're ready for it;
but i'll take the 1-2 as well.
btc 11-29 update~morning,
this little impulse here looks like a bull trap,
was observing the volume profile, and flow & it looked a bit shady.
good potential we raid the lows one last time before making a move up.
if you took any of the longs i shared yesterday, move stops up into profit, or to breakeven.
expect this if it comes, but know that it doesn't have to happen.
we might just fill the cme gap & continue moving up.
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in my opinion, it's going to take a few attempts to break downtrend.
BTC/USD (Daily Fib 0.5 Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous trading range
-Also, the descending channel is still following the price action
-If we can see a strong bullish breakout plus a good retest
-Bitcoin short term correction might be over and a potential upside move is likely
-I only took 1 trade recently but got stopped out which is part of the game
-Due to bad market conditions, I'm not going heavy on any swing trade yet
-But once the market shows a clear path, I'll start scaling in more position
-I hope most is are following proper risk management recently
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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if you know you know pt.2welcome to the dark side, where the media scares you out of your positions; where the same people writing these stories, are the same people that take your positions.
we're anticipating a move up on btc to at the bare minimum of 72k into this new year.
took a lot of digging to figure this out, but we finally got it.
the final shake out of the weak handed sheeple, before the real wolves feast on their last meal.
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Long btc closer to $53,000
Sub-wave 5 target = $75,000
a cautionary tale ⛔consider this post somewhat of a warning, a scenario the majority would dread, but a scenario that has a 50% chance of playing out.
i have discussed this scenario in very much detail in the past, and i'm going to do a very comprehensive video about it tomorrow morning.
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here's the thing.
we still have a valid case for the short term bearish scenario to play out, which would take btc down into the low 30k range to complete a larger degree wave 4 correction through an expanded flat.
we simply cannot jump to this conclusion without seeing a confirmation first - so consider this a heads up just in case we have to resort to this outcome.
we'll get confirmation for this when we see what the bounce looks like on btc in the week ahead.
if it moves up in 3 waves as i have displayed on my chart here, and we reach the 0.618 near the end of the move -> then there's a 75% chance this plays out.
i'm not bullish or bearish during this time, but i will be upon receiving further confirmation.
which ever way it goes, we'll have a very high probability trade setup to ride the waves in either direction.
best of luck to you all, stay vigilant in this market, expect the unexpected, and be ready for anything that may come our way.
💸
btc 11-27 update~i notice that btc's price is contracting, while btcusdlongs are starting to rise.
this divergence between btc & whale longs is very bullish.
we also have some really nice money flow \ rsi divergence on the larger frames.
i also noticed that a lot of btc miners look primed for a big run. will share my few setups after i see what the usa market looks like on monday.
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i think we dance around this lower region for a few more days before taking off.
expect the unexpected though, anything is possible in the world of crypto, especially during these wicked times.
$BTC Short term bias = downside: $53-54k first, $46-48k nextSentiment at extreme highs and the chart not looking great. One thing that has been bothering me about this run since October is how we've never tested $48k or $52k as support on the way up.
Today we had all markets show weakness, TLT showing strength (as seen on my recent analysis), and $DXY completing an inverse head and shoulders breakout... all the signs are there that the market should correct from here. I went short on the $NDX on Monday from the chart showing weakness-- so far it's been playing out well-- and now all the signs are aligning that we should see follow through (TLT and dollar rallying). I don't think crypto will escape a corrective move, should the market continue to show weakness.
From here, I think we're likely to rally into the weekend trying to make people believe that the market is going higher from here, and then early next week (either the 15th or 17th pivot), start dumping down to $53k. I think we'll get a bounce higher there, but eventually roll over again, completing the corrective move of $48k sometime in early December. That should be a great area to buy $BTC.
From there, there are scenarios I'm weighing, but let's see how this idea plays out first.
I'm selling out of my alts and getting back into cash here to buy this dip (should it play out).
Next possible Bottom for BTCHi,
I had done a analysis on Weekly time frame, on BLX BTC index few months ago.
Here is an update on it.
I was thinking after the move up from 29k (in end of jully 2021) to 69k (in midle november 2021) than this analysis was NOT relevant anymore, but who knows.
Maybe it is still correct...
NOTES :
For the Fib Level, I have checked the option bellow :
Fib levels based on log scale
I have leave the last Fib. retracement I had draw.
btc 11-26 updategood morning,
here's a quick update on bitcorn.
we moved down pretty impulsively for our final fifth wave, so i'm counting this overnight move down as a sub-wave 3 impulse
i'm looking for around 52k for the local bottom on btc, before a move up to about 62k.
running a video on a few alt setups that i found, too many to post here, as i really don't want to spam the page lol.
best of luck!
btc 11-25 updatemorning, happy thanksgiving to you all 🦃
btc looks to be in a flat here for this sub-wave 4 of the move going down.
i think we're going to be putting in wave 5 in the next day or two.
posted a video update talking about just this, in more detail.
targeting 54~52k as the bottom for the final shake out before the next move to the upside.
have a great day!
the final raid? 💣shorts keep building:
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check out this july fractal:
i think we're going to see a similar scenario play out in the next 48~72 hours.
if this truly does play out & we start ranging down there, that is the time to get into some leverage longs
best of luck to both bears & bulls on this one!
💸