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btc long setup 7\22.Now that we know where we are, we can safely know where we are going. Wave 4 corrections tend to be very complex, and very complicated to figure out - which is why i have spend so many days and nights working on this picture; unlike simple corrections which are a piece of cake and take me a few minutes to chart. This was one of the hardest charts I've ever had the pleasure of working on, and it was very much worth the experience. -------- I am safely theorizing that we have begun working on Wave (B) of Wave 4 on the highest degree. Wave B's move in three waves (a-b-c) or (w-x-y). We can eliminate the w-x-y, as this is a clear impulse- Leaving us with just one final scenario. The structure we have begun working on, on July 20th is wave a of the larger Wave B structure of Wave Y of Wave 4 on a highest degree. When this wave (a) finishes its five wave impulse and tops out at 33,600, we should in theory see a 0.5 ~ 0.618 pull back for the smaller downward wave b move. Knowing this, we can position ourselves nicely for that wave C swing in the days ahead. I am projecting this wave c of Wave Y of Wave B of Wave 4 on the highest degree to move to about 40.5k as of this evening. That is my safe target, and is as high as I am willing to swing a long. Taking it any higher is playing with fire in my professional and honest opinion. Buy zone: 0.5 = 31378 0.618 = 30,875 --- Sell zone = 40k. see the full idea via:
Long
by notoriousbids
18
"it's just a double three" 👆Been thinking long and hard about this picture, and i think this is the one. i've been observing the price action these last two nights on the smaller time frames, and noticed that from our july 20th "bottom", there was a shift in momentum, a break of pattern - and a totally new vibe that's entered into this market space. hard for me to explain what i mean, but i'm sure you could see\feel it too. we haven't seen an impulse this clean in quite a long time, which leads me to believe that we are finally in Wave Y of this Wave B correction. all of the fib relations check out for this flat idea, and i have a few potential targets for you guys. • Wave Y = 61.8%, 100%, or 123.6% of wave W • Wave Y can not pass 161.8% of wave W otherwise it will become considered a Wave 3 impulse. Therefore, •100% = 37.1k •123.60% = 39.3k •161.80% = 43.1k If btc breaks above 43.1k on this run, then our Wave 4 correction is behind us, and we can expect to see new highs. ------------- Ps. I've never traded a flat correction before, in fact this is the first time I am seeing one this large with my own eyes. All of these relations are textbook accurate, so I'm going to simply treat these coming days as a learning experience, so I'll know what to expect if we ever come across this sort of structure again. I appreciate all of your support, and I hope you guys trade safe in these crazy markets. \\ i entertained this flat idea the other night, but the liquidity hunt the other day really threw me off. which would put our wave C target ranging between 14~20k depending on where this wave b move tops out.
Long
by notoriousbids
15
a deep dive into the projected downside target.i made a post on february 4th calling the top of btc at 60k - i was off by 5k \\ you can view that post down below. also made a post back in march, warning everyone about the massive signs of weakness i was seeing. my projected downside target back then was between 10k~15k, but i've come a long way in this learning journey, so i'm here to say that we will not be seeing 10k. we could though, get all the way down to 14k as that would be the 123.60% fib extension (aka wave 5 target of wave c) - which would keep our 11 year grand cycle count still in tact. the bullish invalidation for the 11 year move would be at 13831.41 (via the bitcoin liquid index chart) each exchange varies in price, but i think the blx is the universal chart which matters the most - so let's go with that number. you don't want to know what would happen to btc if 13831.41 was breached - matter of fact, let's not even talk about it. - if you press alt + i on your tv chart, you are able to inverse it. i find it much easier to chart downtrends from this perspective - so that is precisely what i did here. as you can see: wave 3 of wave (a) hit the 1.618% fib extension, wave 4 hit the 0.386% fib retracement, and wave 5 is projected to hit anywhere between 14~18k via the 100%~123.60% fib extension. this is probably not something any of you want to hear right now, but it is not like i am making this number up, it is simply what the chart tells me as of this evening. Wave A target = 25k Wave B target = 43k Wave C target = 14k. -
CAPITALCOM:BTCUSD
by notoriousbids
21
Bitcoin 277k top? The factor of 10. Bitcoin long term perspective using line chart and focusing on the scale factor 10. The factor of 10 starting at 1k. 1k -> 10k -> 100k -> 1M 2013 top $1177 (-88.23% of next 10 factor - 10,000) 2017 top $19764 (-80.24% next 10 factor - 100,000) Difference between above -8% approx. Then project that against next 10 factor 1million. My projection is june 2023 top so 2023 top $277k (-72.22% of next 10 factor - 1million). That is approximately 5.4 Trillion market cap for bitcoin. Black top resistance line connects 1k to 10k once these prices were reached on the monthly timeframe respectively. Blue top resistance connects 10k to 64k top which leads to a 100K price around february 2022. I expect we reach 130k and retrace as projected in pink arrow. Then continue for another swing higher to form a rising wedge (see my related post for clear illustration) Next bear market low I have projected as $50,684 around june 2024 approximately 1 year after the 277k ATH projection, an approx -81.70% retrace and around the date of the next bitcoin halving. This is simply an observation and projection from the observation, it does not imply certainty. Time is important in terms of how long was spent at 1k and 10k which we can forecast for the subsequent 100k (should it happen) that I may discuss at a later stage. Always adapt strategy according to what market tells you. For now let’s see how it plays out as this is a 2-3year projection, anything can happen. Good luck.
BNC:BLXLong
by TheCheartBreaker
BTC/USD (Warning Signal?)💎Technical Analysis Summary💎 BTC/USD -Warning sign for BTC, the price closes below the 50W Moving Average -It is now trading below the weekly key area of support -If BTC is unable to get above the 33k area in the coming days -Please be cautious and manage your position sizes -Because we don't know how far BTC will go if this downward continues -Good luck traders and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
22
"the cross roads"bitcoin is at a crossroad right now, as it has been trying to confirm this impulse for these last couple of days to no success. bulls are defending this local gz with their all, but time is running out as momentum could seize at any moment. tonight will be attempt number 3. if we can confirm this move to 33k, then we're buying the dip at 31,900 with conviction for the continued move to upside of about 39k. bullish invalidation: 31026.0 ------------ if we do break down below the area of invalidation, view the short term bearish scenario for the long downside targets via:
by notoriousbids
5
be ready in either direction.we don't gamble around here, and entertain both sides equally. only get into setups which are clean, and safe. btc is currently in a very strong squeeze on the daily, and is about to fire off hard one of these days. so long as we don't take out the low from friday, we're game for a move to the upside (to about 39k) if we do take out the low from Friday, we're buying between 23~25k with conviction. -------------------------- if we break up and out of here, view the bull case via:
BYBIT:BTCUSD.P
by notoriousbids
Bitcoin Elliott Wave Analysis Update.I talked about this exact scenario last night, you can see the posts below. We're looking okay for continued upside (for now). We aren't out of the woods just yet, and there are a lot of key levels we have to break through so do expect the possibility for btc to break structure somewhere along the way. Mentioned last night that these moves will be far more volatile than regular moves, since this is still indeed a part of the Wave 4 correction. If you get into a nice setup along the way, just a set a stop loss & let it ride ~ Wave 4's take awhile to play out, especially Wave B's. I am projecting a move to that 38~39k range. Currently in no position, just waiting for a little more conviction on this initial move up before I jump into a safe trade setup. If structure breaks, lower green areas are the next targets I will be willing to take a long in. Wave B target = $39k Wave C target = 23k. Good luck!
Long
by notoriousbids
2
3 DAY MACD Cross! Bullish!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ BTC has a MACD 3 day timeframe cross to the upside. This could take few more days to weeks to play out and it can help us understand the big direction that bitcoin wants to take. trade safe everyone!
Long
by IWealthCommunity
2
This is how Bitcoin gets to 125k.thought i'd get this to you all before the real fun begins. i do believe we're nearing the end of this wave (a), and we will soon begin wave (b) - nicknamed the suckers rally. newer investors who attempt to play with leveraged longs will probably not sell in time and create a nice liquidation event on the way down. most people develop some sort of emotional attachment to their trades and get stuck to a single outcome. the markets moves both ways, and we can make money in either direction with the proper setups. i've been catching high leverage short swings these last couple of weeks, and have accumulated quite a bit of fun money that i am willing to risk on this wave b. i think wave b is going to be a parabolic move and will catch so many people off guard once it reverses \ has a parabolic move down. markets will go from mass euphoria to mass despair in a matter of days, and that is when we become buyers for the real run to 125k. i have outlined my overall bias on the history of bitcoin in this post: i am not sure what will happen once we tag that final fifth, but i sure as heck am selling all of my longs from the low 20's once we get to the psychological level of 100k. i know that i am looking pretty far ahead into the future, but historically bitcoin has been the most algorithmic asset in all of the lands, and tends to tag every single algo target near perfectly. i don't know anything about fundamentals, all i know is the charts - so thought i'd put it out there. a lot of people are expecting btc to go straight up to a million, so i am here to say that it's not going to go straight up as most expect, since the markets move in phases. stay educated, stay well, and trade safe you beautiful people. 💸✌
BITFINEX:BTCUSD
by notoriousbids
2
bitcoins bigger picture.Lots of people are projecting for us to go sub 20k Let's talk about why i don't think that's going to happen. In the history of Bitcoin, it has never, not once surpassed it's previous bull run high, as that would completely invalidate everything. Therefore, this is my primary longer term outlook on this coin, and in my opinion, the highest probability as of right now If we do take out the previous high (19764.51), in my honest opinion, i think it'll be game over for crypto. ps. bookmark this post, and let's talk about it in the future.
BNC:BLX
by notoriousbids
2