BTC-USD
BTC long the gann line
This Gann line was just bought by me, we had it a few days ago as resistance, then closed above it with a 4h candle, last test before all-time high and then go.
Now we make the test on it, as it is with Ganns so I speculate that we bounce off here and at least run again the old ATH.
In addition, there will probably soon be the next buy signal from wavereader.
That is actually all there is to say about it
Have a nice weekend!
Feel free to follow me if you like my ganns!
Btc Wave Count Bearish.As I see the charts I'm trying to share kindly pay attention to these signs as follows:
1. RSI Divergence (Bearish).
2. Slightly higher than 100% target reached for wave c of b.
3. If it was wave 3 of a bullish count then it should have reached the minimum target 80k which would be at 1.618% to be considered as wave 3 otherwise it was wave 5 of 1 of 3 or just wave 1 and should go at least that means the minimum for wave 4 correction would be 32.8% which gives me a chance to go short with that much of rr but if that's just 1 finished of bullish then it should go at least below 50% or 61.8% that would be awesome indeed.
4. But if that was the end of wave c :o uh oh.... Holy cow.... Then 100% of the whole wave b would b vanished. I'm ignoring the fact that it can be an extended flat which gives me more than 100% target means sth lol. I'm counting it as a running flat expecting just the 100% which u can see on the chart above.
5. I've never seen volume in this whole move up supporting the price that's why I'd considering my bearish count and have been seeing the divergences since two weeks.. So.. Anyways.
6. I see support of the volume now. Considering the fall has begun already and have counted easily 5 wave on lower tf and at the time of me typing all this we have already began wave 5 of 1 or it can be wave 1 of wave 1 :o because this fall may be huge with extensions just like we saw extended wave c of b which may be ended as per my count.
7. I see low volume specially at the top while the price was climbing after breaking the ath which indicates that it was the end of wave 5 as wave 5 has no supporting volume.
8. Wave 1 also doesn't have volume but what's the point then if the volume of wave 5 and wave 1 is same? Lol it's a riddle for u hidden in there for u guys.
9. I'll be optimistic and i know wave 3 is where the volume shows and with the up correction after this wave 1 if still no volume support seen while price climbing up as wave 2 of 1 then it can fall as wave 3 or c even if the count went as wave abc opposing the bullish count which gives me at least 32% of the recent bullish wave recent ath.
10. I'm shorting it already and it's not a financial advice i repeat its just because i love charting and trading sharing my ideas to protect u from the pain even if u don't want to trade.. Please be very very careful.
11. The price is back after bullish channel fake breakout which is good for the sake of this count even better and I almost forgot to mention.. The price broke the trendline of last wave up impulsively in 1h and corrected as confirmation for more downside u can see urself.
Thank you so much.
BTC/USD FORMING A BULL FLAG ON MONTHLY CHARTTake a look on what I found it technically. Combine with on-chain data, we could see 70% probability this bull flag on monthly chart is possible. Stochastic Indicator has just crossed up also.
Maybe we have to go through one more correlation before the real bull coming back.
My next bull-run target for BTC is $104,000
This is not financial advise. DYOR.
BTC new weekly close ATHWith a close at 61 538$ BTC recorded a new ATH on weekly closure. This close is also above previous resistance which act now as a support.
60k to 58k should hold any consolidation for BTC to continue his trend with 1st target at 81.3k$.
MACD Weekly is still following the trend with BB still open, beside a negative news i don't see why price would drop, only a weekly close below the 58k$ mark would be negative and would put a hold to the current trend.
Too late imo to buy there as entries where well below but still good to keep in mind for buying opportunities in the rest of the market.
BTC/USD - weekly Analytics + Altcoins 18.10.2021At the moment investor sentiment is on the very optimistic levels and the upward impulse from September 21, 2021 is formed, which increases the chances that the quotes will go into a local correction. The targets are not clear yet, they are around $50,600.
Altcoins:
We single out TRON and HIVE as the most promising coins for the development of a stable growing trend.
We also see high growth potential in TFUEL coin
Waiting for retest and buy signal with BTCH1 time frame.
Structure: Uptrend.
After the bulls broke the 60000 resistance and returned to the test, the retracement was completed with the Key level at 61000 broken.
Wait for the price to return to the 61000 zone to confirm and appear a buy signal, then you can enter an order with BTCUSD.
The profit target is the 65000 zone.
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Wish you all have a good trading day!
Interesting observation - IOTA BTC, not so bullishOnce you are over invested, it is impossible to clearly see market condition - period.
Financial investing is simply psychological endeavour - period.
We are within the same range (red resistance and green support) since July 2019 - period.
Earlier pump of similar price movement resulted in a massive volume spike. This week isn't over yet, I doubt however we will see volume candle doubling in size over the next c. 18 hours.
Possibly recent information in regards to significant number of unhedged shorts on iotausd market added fuel to this short term squeeze - I'm curious to see what next week will bring to our crypto table. For now, since #iota pinned the top BB boundary I'm out, comfortably observing this interesting situation. I believe we are due for another retracement.
BTC bullish continuationBTC has been consolidating for several months since May's selloff. Last week prices have closed above the resistance trendline after a pullback to MM20 Wk.
BB are opening, MACD is also looking good and i believe we have now open the door to new ATH with targets at 64k, 81k, 91.5k, 104k, 186k.
Will we do a pullback or will we go straight to 64k is the question, any return to 50k area should be seen has buying opportunity.
Full history of this plan since June on my twitter : @heatrading
Thank you.
Elliott Wave BTC And Potential Short Term Target For This Rally.My Target is 79,089 and then a correction and up again don't know where but may be to the moon lol.. I've been bearish but I was counting it wrongly.. What i can see now (may be wrong again) is in April 2021 beginning till the crash bottomed was the whole correction of the wave 4 of current grand super cycle and now we r seeing rally for wave 5 of grand super cycle and just finished wave 1 and 2 of wave 5 of super cycle.
This is just the beginning of wave 3 till the target then 38.6% retracement from there and to the moon again.. Let's see..
#BTC #BITCOIN #BTCUSD Elliott Wave Count.
BTC/USD - weekly Analytics + Altcoins 11.10.2021The key resistance level in bitcoin is 58.283. Most likely, we will see a bounce from this level and going into a local correction, which will not change the main upward direction.
Altcoins:
We highlight TRON and HIVE as the most promising coins to develop a sustainable rising trend. (the idea is confirmed by local growth impulses)
We also see high growth potential in TFUEL coin
Bitcoin shorrBitcoin (BTC VS USD) is on PRZ of alt Bat. May fall from here. Stoploss and targets mentioned in the chart.
Just a possibility2017 played similar games. This is just a possibility, not advice.
So 65k should be the first optimistic target.
49k first realistic target.
31k first pessimistic target.
Beyond that, who tf knows
BTC/USD Update things to note: seen bullish trend the past few days, btc is adhering to my fib levels perfectly so far, coming up to test the 0.236 is the next important level at the green price tag. I expect similar play to yesterday's price movement. a retrace back to swing low around the 52,300-52,000 area before a volatile move back upward breaking the 0.236 level and testing as support.
we are in a bull flag currently but look to break down I have highlighted a box to enter a long and if we drop lower I will build a position aiming to return back to previous highs. I will take profit at the green lines and leave around 25-40% of my position incase we break higher.