BTC Elliott Wave count 1H TFBitcoin may have finished the correction for a flat. if it passes the median line of the channel it would be the1st clue and then if it will pass the wave 4 of this descending impulse of the wave C will be the 2nd clue to strong our probability of changing the trend upside.
Elliottwaveanalyis
Bitcoin Elliott Wave Daily countThis is my view about Bitcoin at this moment and we may have the bottom here!!! Let`s see how.
The wave 3 ended on 14 march 2021 and from that time started wave 4th. An extended flat formed by wave a extended flat, wave b zigzag, and now wave c the impulse wave is an ending diagonal. Also the ending diagonal 3rd wave is bigger than wave 5 but not too much and if it will go deeper will break the EW rules.(3rd=47.48% vs 5th 44.35%)
Wave c from the 4th wave bounced in 1.414 fib extension of wave a and b.
Bitcoin has the chance to do something now and if it will go impulsive and will take the channel middle line first and maybe the upper band than the chance to start the 5th wave will be bigger.
If you like my analysis subscribe for future updates. Good luck!
BTC Elliott Wave countThis is the count that fits at this time!
After an impulse we have a flat corrective pattern and now we are into the C wave from it, the impulse. I think it will go to retest 19000-18000 zone and than Bitcoin has the chance to build an impulse with a 3rd wave or at least we will have an abc corrective pattern that will sink Bitcoin more deeper.
Short until Bitcoin will end the C wave than long.
If you like it subscribe for future updates and give it a like. Good luck!
BTC Elliott Wave tradeThis is my plan to entry for a short position on Bitcoin .
We have an running flat 4th wave and now it made 1st wave from a 5th wave to the downside. Also we may have a zigzag correction abc for 2nd wave that will bounce 0.854 fib retracement of wave 1 .
I will enter short below 4th wave that is a running flat pattern. Invalidation will be above 4th wave (21900).
I will keep update this trade setup so if you like it subscribe for future updates.
BTC Elliott Wave tradeThis is my plan to entry for a long positions on Bitcoin.
I am still bearish on Bitcoin and I will show after this my trade setup for short positions, but anyway the market can do anything and if it will go long than I must see something to enter for a long position.
Only count from here is to have an bigger 1 wave and now multiple 12 12. The last 1 wave it can be this expending leading diagonal and after the correction I would enter for a long position after the price breakup the B wave. The correction can also end in the area of 4th wave from the expending leading diagonal .
Invalidation will come if price goes below wave 2 from the first 12 formation.
I will keep update this trade setup so if you like it subscribe for future updates
BTC Elliott Wave count DailyI think an running triangle is ended also the 1st and 2nd subwave from a 5th wave is ended, wave 2 bounced 3 times into 0.854 fib retracement of the 1st subwave.
I am expecting a fall to 15000 fot Bitcoin if this is a correct count that.( Above 21000 this count will be invalidated)
BTC Elliott Wave count DailyI think that the correction is not over and we will gonna se further more downside move.
This is my daily count and we have a zigzag corrective pattern and the equlity of wave A with C it is at 12500.
I think Bitcoin is into a 4th subwave from the 5th wave of the C wave and it will do a last 5th subwave.
ADVANC | Wave Projection | Possible trend reversal Inverted H&SPrice action and chart pattern trading setup
> Elliott Wave Projection - possible end of correction ABC
> Upcoming trend reversal pattern - inverted head & shoulders
> Entry @ Neck line breakout
> 1st Target TP1 - SMA200 and TP2 - previous Wave (B) position
> Stoploss @ head position
> RRR: 2:1
> Indicator: MACD bullish divergence
Always trade with affordable risk and respect your stoploss
BTC Elliott Big ABC DONE, What now?Just sharing
we can see that wave C already has 5 waves in it
but maybe wave V of 5 of C it's ocurring now to build a final push downside
But, does this mean that correction is over??
Noone knows only time will tell
On the past btc has taking much, much longer to finish correction, so i don't think is over (but that's just an opinion)
After C its complete we might see uptrend, or flatness, nothing of this tell me the correction is over, because it might be building a complex corrrection (WXY, like the white dashed wave on chart), so this big ABC that is already done would just be wave W, and we should see next the X wave (with 3 waves in it, blue dashed wave), after that wave Y, so more correction on the way.
BUT, if the wave that it's coming has 5 waves in it (like the yellow dotted wave in chart), then it would be a sign that correction is over, and we could look for on uptrend.
Has #META bottomed? Our ElliottWave count suggests so!#META has found support on its long term 38.2% Fib level ($158.50). Stochastic has also reseted on the monthly timeframe. Thus, #META was never so oversold as it is today. Could we turn the page and move higher from here in a new impulsive structure? We remain flexible and keep an open mind on the idea!