Longshortswitch
BTC/USD - for Elliott Heads ! Hello friends,
Here is an Elliott analysis in the big picture, of course we have to adjust EW again and again. Green is the bullcount, red is the bercount. But let's get started.
Wave 1 began after a long sideways phase at around 3k !!
I can well remember when the crypto experts called for 1k and the fear level was extreme and BOOM, Wave 1 started with a short squeeze which the bulls used as an opportunity to push BTC higher.
Wave 1 ended at 13.7k ! Wave 2 started at about 4.5k thanks to Corona. A good opportunity that missed the first one!
An extreme bull run began, which seemed to be stopped by nothing and nobody, for weeks over the monthly BB ended at the 5,618 Fib Extension!
But what comes up must also come down again, between 0.5 and 0.618 to about 28k !!
But crypto bulls wanted more and drove the price up to around 70k !!
After this summary, 2 other small things I noticed.
Keep it simple
Looking up, all one had to do was trade the 1D MACD and BTC would have printed money like no other!
To spot the tops ,,check out my older post!
Easy to identify
OK, let's go to the LTF, here the EW Count, looks like a bottom formation but could also stop in the 0.786 of the complete upward movement and the -0.236!
Or the botom is in
LONGtrade
The further movements can be seen in the chart and I will always call long and short day trades and swing trades !
I want to mention that everything I post is just options and my own opinion!
Always trade with SL and do not risk more than 1% of your portfolio (max. 3%) per trade.
If you have any questions, please let me know,
you can also copy my chart
➡️If you like my posts, press the Like button, comment or follow me
Thanks for reading my ideas,
Trade save !!
BTC - Big SHORT , Wave C !! Hello trader,
good mood and profitable deals! 💲
After a drop of 55% (in which we were able to post good profits), BTC consolidated 65 days in the 30-40k range. Since these days were characterized by stop hunts and fakouts, we only played scalps and day trades.
As predicted, BTC triggered the bullish consolidation.
We are currently at the 0.5 retracement, the 1st FIB target for Wave C.
The 1d RSI and MACD has been showing bearish divergences since the 40k area. This does not mean that the price has to fall immediately, but it points to the first signs of weakness.
We can also see this in the decrease in Volume and the 4h rising wedge. This is also evident in the LTF off a rising wedge.
SL - TP in the chart
Conservative entry is at 0.618 retracement - SL above 0.786 retracement.
Note on the edge: The big crypto players (Kartell) control the crypto media, have an armada of top technicians and market psychologists, whose only goal is to mislead you and to take your money.
So don't let the roar of the lambo get you infect boys. follow your own trading plan
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas!
BTC - How strong are crypto bulls really? Hello trader,
Good mood and profitable deals 💲
If you're new in the game,and you are interested in my plan🗺️, check out my previous analysis ( link below ) :
BTC-Money on the siding!
BTC welcome to a boring,tricky...
BTC Crypto Hype III - The top is set -618 play !!
Education
Elliott Wave Ratios
Trading psycology
After a panic sell-off, in which all investors with weak nerves threw their shares on the market, a small offer is enough to make prices rise.
It is enough if there are virtually no salespeople left.
This is usually followed by a sharp rise in the price with an extremely thin trading volume.
Because there are only a few buyers because all market participants are simply afraid. In this case, the lack of new sales is practically enough for prices to rise again.
At the moment we are at the top of the triangle, where the 1D MA20 is also. Usually the MA20 is a strong resistance after such a strong sell-off.
Although the triangle is a bearish pattern, I think we are ready to break it.
We can also see that most market participants have closed their shorts and switched to long positions.
So the first step for the bulls is to break the 38.8K. 40-42k and 1D MA200 is the next strong resistance.
Bears should take over again at the latest from 45-47k.
30-27K is a good level to look for a LONG entry in my opinion.
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
My followers have been making a big ride with me since I posted.🤑
If you are interested to learn privately from my trading ideas,conntact me
If you like my posts smash the like👍👍 button, comment or follow me.
➡️Donations via TradingView coins also help me a great deal at posting more free trading content and education, (also on request)⬅️
Thanks for reading my ideas,
Trade save!!
BTC - Money on the siding !!Hello trader,
good mood and profitable deals 💲
If you're new in the game,and you are interested in my plan🗺️, check out my previous analysis ( link below ) :
BTC welcome to a boring,tricky...
BTC fractal analysis! bigger correction is comming ?
BTC Crypto Hype III - The top is set -618 play !!
BTC 2017718 fractal- - We'll be waiting longer for new ATH !!
BTC- His intrinsic value, which is why i will not invest IMO, only swings and daytrading !!
By pushing ahead with digitization, BTC emerged as the winner of the pandemic, smart money came in and Elon Musk put an institutional cap on it. ETFs, futures and much more was established. The promise of quick money and the desire for wealth sounds like that so far, very good, we have seen what has become of it over the past few weeks.
Or do you still believe that BTC will reach new ATH in the near future?
I don't think so. Due to the economic recovery in the USA, the risk-free return has risen and is expected to continue to rise in the future, a gift for all speculative asset classes. Then there is inflation, also very bad for all asset classes with low cash flow, auser gold.gold has proven itself to be a safe haven for decades. BTC has not lived up to its reputation as digital gold, far too volatile! while BTC OI fell sharply, the gold OI rose sharply, so smart money is changing its playing field from BTC to gold ... These are all the reasons why I assume that we will wait a long time for new ATh s ... I hope i'm wrong what do you think ??
(Information on the part of formationstrader)
If you want, I'll also carry out the post technically‼️
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
My followers have been making a big ride with me since I posted.🤑 Crypto performence above 200 % in this year,check it out!
If you are interested to learn privately from my trading ideas,conntact me
If you like my posts smash the like👍👍 button, comment or follow me.
➡️Donations via TradingView coins also help me a great deal at posting more free trading content and education, (also on request)⬅️
Thanks for reading my ideas,
Trade save!!
BTC-Welcome to a boring, tricky, sideway market phase !! Hello trader,
good mood and profitable deals!
If you're new in the game,and you are interested in my plan, check out my previous analysis ( link below ) :
BTC fractal analysis! bigger correction is comming ?
Altcoin session is comming !!
BTC Crypto Hype - MA fight !!
BTC Crypto Hype II - Fractal play !!
BTC Crypto Hype III - The top is set -618 play !!
BTC 2017718 fractal- - We'll be waiting longer for new ATH !!
WELCOME TO A BORING ,TRICKY,SIDEWAY MARKET PHASE !!
It is better to assume that BTC will no longer be the hoped-for monetization machine in the near future! , stophunts, low volatility!
So very difficult to trade, and with a lot of experience in small time units, that's why I'll only call long and short daytrades in the near future!
If you are one of those who got on the heights for the first time, don't be discouraged. Since BTC has become an indispensable part of the markets, unlike in 2018, I strongly assume that BTC will still go extremely high. It will only be his take time !
I would recommend that you switch mostly to other markets, educate yourself, and observe!
EVER HEARD FROM THE 90-90-90 RULE
Maybe a little exaggerated, but still consistent. 90% of all new market participants lose 90% of their portfolio in the first 90 days!
The wheat will be separated from the chaff, are you ready to work hard on technology and psychology?
EDUCATION POST, VERY IMPORTENT
I will expand the subject week by week
It's crazy what you have to get hold of in chats when you call words like end of rally, or the bubble has burst.
Even if I called these movements correctly in April, check it out. The crypto scene is a lot too emotional !
Even WARREN BUFFET didn't want to go to crypto, because he just doesn't feel like messing around with supercilious beginners. No descent from beginners. I just call on to be prudent and not to act on opinions!
ON THE TECHNICAL SIDE
Aaccording to the ABC what exactly ended on the 1.618 extension and the 1D MA300, I expect a short-term recovery, but could still turn into a 12345 wave still nasty. Be it as it comes, everything below 11k would completely destroy the structure, but also very unlikely !!
alternative.me
Retail trader in extreme fear 11.
Not far from the ATL. A confirmation that we could briefly, massively drop before a long sideway action begins
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Discipline is the key to success !
Trade setups, no opinions !
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
My followers have been making a big ride with me since I posted.
One of the few who called this big correction at the beginning of April .
I am a private person and am available for questions almost 20 hours a day, I would also be very happy to TV tokens :)
If you like my posts smash the like button, comment or follow me.
Thanks for reading my ideas,
Trade save!!
BTC 2017/18 Fractal - We'll be waiting longer for new ATH !!Hello trader,
good mood and profitable deals!
BTC 2017/18 FRACTAL VS ABC CORRECTION !!!
If you're new in the game,and you are interested in my plan, check out my previous analysis ( link below ) :
BTC fractal analysis! bigger correction is comming ?
Altcoin session is comming !!
BTC Crypto Hype - MA fight !!
BTC Crypto Hype II - Fractal play !!
BTC Crypto Hype III - The top is set -618 play !!
If we look at the move from the top, so far we have completed a clear 3-3-5 1to1 ABC correction.
But believe that after a few days of recovery we will start the next downwart wave. But I will judge this when the time comes !!
IMO the price is supported from the strong Fib Cluster. the 0.618 of the last 5 upward waves, 1 to 1 abc extension , -0.236 and 1D ema 200.
Bullish divergences are also emerging on 4h MACD , RSI and AO
This does not mean, however, that the price cannot fall any further, it only slows down. If we have not yet found the bottom. I expect the next upward movement at the latest at 1D MA200. If this happens, the fractal from my last post would also be exact play.
I don't want catch falling knives, so I'm waiting for a reversal pattern in 30 min -1h chart. Until I enter the next LONG !!
Now to the 2017718 fractal:
Amazing how simular the movements are, algoritmically, and temporally. Here, too, the price had drawn a clear 1to1 abc , I can still remember how quickly everyone became bullish again. But the bears defended the 0.382 and pushed the price down to new lows, the 0.618 of the 1st wave!
For a bearish perspective, no 1D candle should close over the Bill Williams 3 lines, I'll show them in one of the posts below.
A break of the 0.382 retracement would put me in a neutral position. If there is a sustained break of the 0.618, I will end my attitude to bullish !!
BTC dominantz is also at the same levels as it was at the end of the 2017 rally !!
One more sign of the old session that I've been talking about for so long .
One more thing is that Elon Musk's institutional cap will be removed. It will certainly weaken BTC if an SPX company stops investing.
alternative.me
BTC sentiment on 27,fear..Sentiment chart also shows me that we haven't reached the bottom yet !!
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Discipline is the key to success !
Trade setups, no opinions !
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
My followers have been making a big ride with me since I posted.
One of the few who called this big correction at the beginning of April .
I am a private person and am available for questions almost 20 hours a day, I would also be very happy to TV tokens :)
If you like my posts smash the like button, comment or follow me.
Thanks for reading my ideas,
Trade save!!
BCHUSD Bitfinex Possible Bearish Cypherkeep your eyes on this one ladies and gentlemen.
price hovering in the bounce zone for the last leg of the BEARISH CYPHER pattern entry will be SHORT and thick red ray.
Looking at BULLISH DIVERGENCE on the RSI of the 1HR through to 4HR charts. I am LONG on this divergence and looking to see if CYPHER completes before attempting the trade!
Will update with targets if CYPHER completes
happy trading
good luck
the trading tradie