I don't trade Elliot waves but will help define where market's heading, up, down , sideways, duh-huh Notice that on the 6hr, this chart the 50SMA crossing down again below the 200SMA, on the 5 day it's postured the other way more bullish 5 waves down, 3 corrective waves up, should be another 5 down if BTC caa'nt reclaim and hold $64.5K, top of the 3 waves, then...
BTC is in a bullish phase, Wave 3 is coming. This is not a prediction, but more of an observation. Bitcoin is currently in a bullish phase, which is indicated by the price increasing. Wave 3 is expected to start in approximately six months, so it is still too early to say for sure.
The entire rise of Bitcoin from its birth to the top has been a diametric. Where I arrow and wrote G, the diametric that had lasted for more than 12 years and was bullish has ended and we have entered a correction. On the daily and weekly chart of Bitcoin , we are forming a neo-wave triangle for a large wave x That is our correction We had wave a and wave b, and...
referring to waves analysis the price will go down to complete the last point "C" from ABC will give us the falling wedge pattern, however, the divergence will occur between A and C that may confirm this bullish pattern, by then the price will start to change the trend slightly to move up and complete the future pattern. as a daily trader, you are at the best...
Hello everyone Bitcoin price has formed an upward correction in wave 4, after which it may continue to decline rapidly in wave 5 of wave 3 (in medium-term wave 5 of wave C in ABC wave pattern). The general dynamics in the derivatives market is a bit strange, so I marked a critical level of activation of alternative versions of the situation. I do not publish...
Bitcoin price continued its decline in wave 5. I did not have time to open a short position as I expected a longer correction in intermediate wave 2. At the moment, I plan to open a short position at intermediate wave 4, after which I will expect an acceleration of price movement downwards. I do not consider opening long positions yet. Best Regards, CEO...
The bearish dynamics did not live up to the expectations of many traders. For the time being, I have abandoned the alternative plan, which involved reversing from long positions to short positions. In addition, due to the weak strength of both bulls and bears, and also taking into account the price movement of other coins, I added another trading plan (bullish),...
The price continues to move within my trading plan. At the moment, there has been some shift in wave levels, which indicates the presence of an additional opportunity to open long positions. I am still actively buying, but I also continue to consider an alternative scenario with a sharp decline. The short-term trend reversal level is now at 20600-20600: in case...
Hey all! The price of #bitcoin is moving within my past trading plan. I am long, but I am still considering an alternative downside scenario. What are my plans? - the base price dictates to consider purchases after any local price correction. And I will be increase the volume of long positions in case the price down to the range of 20800-20400. - the alternative...
At the moment, the price of bitcoin has recovered above $20k. In my main version, there are 2 scenarios: the price growth can continue after the correction of the current local impulse, or after updating the previously minimum price level. In general, the wave structure allows to plan almost risk-free trading operations. If consider the option with the end of...
Hello, welcome to this WAVES/USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS : Forming Falling Wedge in the 5Hour timeframe. ...
Welcome to this quick BTC/USDT WEEKLY analysis in the chart I have tried my best to bring the best possible outcome in this chart. Hello folks, Welcome to our Btc/Usdt weekly update, as we can see a rising wedge pattern create that from 15th March 2021 to 10th May 2021 btc was in an uptrend and from 10th May 2021 to 12th July 2021 was in downtrend. After...
-CURRENT BTC AND MARKET SITUATION- Hello everyone. Hope everyone is doing well. The market is still on a downtrend as expected. Although the previous BTC charts show that a potential drop to $20,000 is still possible, I personally don't think it will go that low as of now. I personally believe BTC will drop just a bit lower before bottoming out and I have for a...
#BTC Elliott Waves (Valid Only If BTC Won't Break ATH 19666 on Bitstamp Exchange)
Hello friends! Since the last publication, the BTC price movement has been clarified by the model of the formed correction. At the moment, we are considering 2 alternative options in the next several days, as well as 1 option in in the next several weeks. Speaking of the perspective in the next several days, as before, we expect the end of the triangle...
We are going to see wave 4 (ABC) correction and after that we will be able to see 6500. RSI also says sell now.
The correction continues. We still expect an additional decrease to the level of 5400 and below, after which the beginning of the next good growth of the Bitcoin price is possible.