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Btc-setup

Quality Wave Setup Elliott wave analysis, as a method and tool, advocates a bullish outlook as it is difficult to find a substantial bearish alternative within the 73777-49000 range. The Triple Three correction exhibits near-ideal ratios and alternation of wave patterns within. The Triangle in Wave can be considered either complete (minimum conditions are met) or incomplete as long as the price remains below 65000. The latter scenario would be more favorable, as it would provide an opportunity to re-enter the market for this year's final rally.
by Nickonomics
Bitcoin in Weekly Timeframe-Super-CycleHello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves. Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave. After a full cycle, we expect to correct waves that include 3 waves. The first and 3rd in bearish and the second wave has Bullish momentum. we called it ABC. It's really easy to understand. Based on my analysis, the A wave begins from 69K to 15K B wave begins from 15k to 32k And at this time we are in a C wave that includes 5 microwaves. The A Wave has a special structure. There are 5 microwaves in the A wave. In Bitcoin, the A wave had a stretched wave in the first microwave. And the 3rd one is not the shortest wave. B could move complicatedly. It's usually moved in 3 microwaves. The last one is the C wave. I expect C wave has 5 microwaves. And could create a divergence at the End of the movement that related to a sign to notify us it's time to buy. Take it Easy! The C wave began. So, Watch the market. I told you everything in the analysis about the daily timeframe. Please refer to my pre-analysis and think about that. Good Luck Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
2
BTC highest chance for bullish reversalBTC crashed its way to the lower line of the downtrend. It used the Liquidty of BTC old lows what created the fast bearish impuls Nothing to worry about yet as it holds the sideways uptrend. Best to look for a bullish reversal as price is oversold and at the bottem of the downtrend and sideways uptrend. I will look to enter Long BTC on the excess price line and strong demand area. Highest proberbility it will revers bullish. BTC is now accumulating and creating new liquidty for a next move. I expect a quick wick to the downside and fill my Long order with a strong impuls up.
by Dave_DayTrader
Long Term Bitcoin AnalysisLooking at the BITSTAMP:BTCUSD pair it looks like the price will continue to fall after some consolidation in the triangle. The most probable scenario (presented): The price of Bitcoin will continue its consolidation in the descending triangle. Base on the technical analysis, in most cases this is a continuation pattern and the price should break the bottom of the triangle. If this will happen the next level for BTC price will be the area of 9400-9100 which is the reference bar and the July Point of control. This will be a nice area to re-accumulate bitcoin and a potential horizontal channel. The alternative scenario: If the market will show some strong support in the region of $10200, then we may see the breakout to the upper side of the channel. This should be accompanied by the increase in volume and the re-set of RSI indicator above 50.
BITSTAMP:BTCUSDShort
by Wunderbit
8
Bitcoin trading plan (BTC/USDT 4H)The latest upward move of BINANCE:BTCUSDT is not that strong as it may seem. Even though the volume was picking up during the breakout from the area of $10,600, the later movement was accompanied by the decreasing volume. The price is currently entering the resistance area. And comparing the previous downward movement (from 12,000$ to 9,800$) with the current increase in price, it can be seen that the buyers do not show much interest in the asset at this particular price. Trading Plan: 1) The price may increase slightly towards the area of $11,200. If this increase will be accompanied by the divergence on the RSI, this will confirm the reversal. 2) After that, the price may be stuck in the horizontal channel for some time time. The volume profile will show if this will be an accumulation or re-distribution channel. 3) There is a higher probability that after the horizontal movement of the price will go towards the area of $10,300 Best of luck with your trading!
by Wunderbit
4
Short Term #BTC Outlook. Both Arguments PresentedBitcoin is in a very precarious situation right now. Either bulls step it up now or they will drop to 7.7 to 7.8k region where this Diamond Bottom would be at risk of failure (a failure that bulls just cannot afford since this will send BTC spiraling down to the 6.4k region. Something that my friend @Crediblecrypto has been calling for over a month. Read my comments on the chart. If you have any questions feel free to reach me at alex@bitbookkeeper.com
BITSTAMP:BTCUSD
by BitBookkeeper