Regular 20% Bull Market drawdown...Traders I know this last move was a surprise to all of us but we need to remember that historically this is normal and very mild. In the last bull market BTC had over 7 20 % or larger drawdowns. Its imperative that markets have shakeouts to reset funding in order to climb to new highs. I posted about 12 hours before the big move down that I felt strongly that money would be moving away from alts and into BTC. Looking at my screens tonight the only thing green is BTC.D. In addition we haven't had 5 down days (red daily bars) since November. I'm calling a surprise move to the upside starting tonight thru tomorrow that catches many off guard. Look for shorts to be liquidated and BTC to be back above 58k climbing back into channel. So many on trading view are calling this middle zone and a horrible entry. Again markets move in the way that frustrates the most people. Now too many are wanting to buy back in near 50k and some even saying 45k. The SHARK is calling for a surprise upside move tonight and tomorrow. Find someone else on this site bold enough to make straight forward predictions publicly when the odds are totally against him. You heard it here first. Follow the SHARK and make money.
BRONSON-TheSHARK
Longbtc
BTC GEARS UP FOR NEW ATH?I have been watching what i believe to be a falling channel pattern on #BTC since the last all time high. It seems I was getting ahead of myself with the last analysis where I previously thought BTC was on it's way to the 30k range. it appears we have broken out of the falling channel pattern and are currently retesting it as support on the shorter time frames. Still waiting on further confirmations, but I am once again Long on BTC. Playing it level by level, I will expect a minimum of 84000 USD per BTC, if we can flip the top resistance to support at about 70-71k
INVERTED HEAD AND SHOULDERS POTENTIAL BREAKOUT!?After todays sell off with around 10% of whales selling BITCOIN, weve found support at a strong high time froamde support line. From my analysis of the 15m timeframe once we have again retested the long trending support, potential for a test of the neckline. What's your thoughts?
BTC $70,000 In SightBTC making its way up the ascending channel with a nice break out today after ranging since 8 FEB .
Now we have broke that resistance that has held us back for the past 3 attempts we can now see with a Fib Expansion pull
the levels ahead that align perfectly with the top/middle of the channel , with 70k coming in as our 1-1.
A break of the ATH will push us on our way but if your not positioned right now then you could expect to see a pull back to the
VWAP region and a backtest of that prev resistance level .... All shown in chart if you wanted to take that opportunity
Market structure is bullish printing HL s as we make our way up the channel .
Fib Speed fan also visible on chart displaying what a respected journey its been for BTC ...Strap in
Have a plan and know where your wrong , Use a Sl and if you dont have a position as long as your holding Bitcoin then your still in a position .. Follow and Like ...Thanks with Gratitude
Please Note although I have some prices marked out in the flags , this does not mean i expect price to just go up without any consolidation or a battle at 58k ....
Primary Elliot Count for BTC starting 2021Wondering why we haven't had a pull back recently? This is because we are within the third, of a third, of a third wave. This is the most bullish part of any Elliot count. Don't stand in front of a bull or you'll get the horns. Predicting targets for highs is nearly impossible, as we have already exceeded most common Fib extension targets. Always zoom out, the larger time frame always tells the best picture of the direction of the market. (Yes I posted this a few moments ago, but was not satisfied with my charting)
BitCoin All Time ScenarioBitcoin is trading in a grand cycle wave labled as wave C, in which we are seeing a formation of five waves inside.
a real close above 35500$ will activate a more bullish scenario and gain more momentum to target 42600********* a great resistance in place.
42600 can be an end of an intermediate cycle and we can see a major pullback from these levels, however a break above 42600 will confirm 54000$ as a final target and it will probably be the end of the first grand cycle...
we can see a pullback retesting 19000$ maybe less....
Good Luck
I open Long Position 23550 Last Short (+640pips)Hello dear friends.
Now I am opening a Long position to update our top.
I understand that it has already been done several times, and the price did not manage to gain a foothold behind the level of 24,000, but it seems to me that this sharp return in price, this impulse for 1 hour TF indicates that someone is selling strongly, but an equally strong buyer who is now holding the price above the strong support level 23300
Plus, I assess the situation long because:
We are above a strong market maker level, (23300-23000)
RSI 4h TF
tells me to return the price up to 24000
a plus,
my previous idea to short, although it worked, we earned 640 points), but it was very close to failure.
Buy: 23550
Targets 23950 - 24250 - 24800 -25500
Stop loss 22350
New position> btc/usdt Breakdown of the levelI close my short positions, and I will open new ones - where exactly, I think you already understood))))
First position = 790 points/$
2nd position - loss 230 points/$
We also had a symmetric triangle that was broken upwards.
Plus, double bottom and reversal formations.
I will wait for how this level will react, and if it is broken, I will open a long position in order to update the following goals:
24290-24470-24920-25230
Stop loss at the price level - 23700.
BTC/USDT - NEW PRICE TOP - COMING SOON!Hello dear friends.
As I wrote to you, in the previous idea - I will only work long.
Each green price point is additional points for entering a long - as, for me, these are strong price levels.
I expect a breakdown of the triangle and a rise in prices.
I added a little targets for which it is worth working, since for the previous position, I took too large a price gap for myself.
Many traders wait for where the price will lead - and most of the crypto community believes that a correction is needed, we will weaken, and that the tops are already going down.
Perhaps they are right, but I think now and two days ago it is completely different.
If you are planning to enter long - please follow your own risk and money management.
Trading is a trade of probabilities, and no one knows 100% how they will decide "from above".
Also, after 10-20 profitable positions, if you do not follow your trading rules, and your strategy - for one position, you can lose more than in a series of profitable ones.
P.s Trade wisely, with stop loss and with the correct trades. Good luck to you!
Long BTC/USDThello dear friends.
Yesterday, took almost all the growth, (3/4 - goals taken)
I waited for an impulse after breaking through 18720 - it happened, but not as strong as I expected. Only 200 points.
The price was returned back to yesterday's values.
Perhaps I am wrong - but I will work from long positions, and now I am waiting for the update of the peaks, where my first target is 19480.
my exit 19095
Stop Loss - 18480
Let's see how it will be, since such triangles are zones of nondetermination.
BTC/USDT - Collapse to 14,000(10050)? or a return to 18000? Hello traders.
I decided to quickly publish a trading idea, as I see a lot of changes in the market, at this time I am looking at a long position from the current price.
In order to renew 18000-18500 $
Why am I expecting this.
1) Weekends
2) Closing the trading week
3) Good volume on the strait
4) some indicators have updated the lower boundaries on the 4 and 6 hour timeframes.
five)
The mood of traders for a correction to 14000. (It will certainly be) but not now!
6) The price is above the strong level of 16500!
7) Rendering of the double top must be awarded!
My long exit - from 16920 -
Stop Loss - 16490
Targets - 17500 - 17800 - 18150 -18500
This is not a recommendation or a call to action.
I write here only what I consider necessary to show, and only show my actions and my trade!
I am responsible for all my actions and risks - but in no case for yours. Remember this!
BTC's Path To 100k... Follow Me Bitcoin! I'll Take You There.Welcome everyone,
My name is Schyler with NewWave Traders. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality.
In this chart I pose a valid count that could take us to 100k, however, there are certain things that need to happen and invalidations that can't be broke. There is only so much time for this to develop before the symmetry of the waves gets distroyed, the 2 biggest things I'll be expecting from this count is a necessary extended wave, either (and most likely) expected in the 3rd macro wave with an extended 5th wave to give us a strong, well defined 3rd wave.
The origination of this move had a slow and very corrective looking climb to it, with an extremely shallow wave 2 that can still give an argument to a bearish outlook, however we'll stick with the trend while until it ends.
Due to rule of alteration, and the expectation of an extended 5th wave, we can expect the 4th macro wave to have a steep and fast retracement.
The retracement of the "soon to be" 4th wave from this outlook will be the determining invalidation of it at about 12.5k. With an ideal 4th wave retracement taking us to about 14.5k/16k before a projected blast off in an extended 5th wave, which would target roughly 59k/60k. After that a 4th wave brings us down to maybe 40k, and then we do another 100% 5th wave, typical of the 2017 bull run after 25-30% pullbacks which then takes us to 100k ISH.
What are your thoughts of Bitcoin reaching 100k?
Do you think this is still a corrective move or have we started the ultimate bull run to mimic good ole 2017 days?
Let me know in the comments below and don't forget to follow so you can learn how to create a full time income and live life on your terms.
To Your Success
Schyler
NewWave Traders