BTC daily Elliott wave countI think after making 5 wave we have a wave a down and price will range around 45000 than making c wave downby EW_T3
Is it wise to trade bitcoin or Ethereum at these levels?As you see in the charts after the flash crash bitcoin has entered a sideways price pattern. closing below the lower half in the past five days shows a lack of steam to move higher. At this point, trading bitcoin is not recommended! waiting for a trend to form is the best approach in my view. The same story is true for ETH DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. by Moshkelgosha1113
Use every data point you have at your disposalPeople were wondering how I knew to open short at $52,900. Some of my previous charts highlighted that as the top profit-taking target during the last leg upward, for instance it was confluent with the .618 extension zone from the Sep 3rd swing low to high. I also look at things like bearish volume divergence, which was prominent even on the high time frames. One sort of unorthodox signal I use as well is BTCUSDSHORTS. This goes off of the theory that the market must have participants in both directions, and if it gets too short-heavy or long-heavy then a strong deleveraging sequence is usually right around the corner. As you can see, on Sep 7th we bottomed out below monthly support at 850. I had already closed my long and had my limit short order ready by that point, but once I saw us falling underneath the purple line to almost the record low on shorts, that was yet another signal to me that this market was overbought and about to create the next swing high on the macro level. by ClearOpenDoor5511
Should you trade inside bars?What Are Inside Days? Inside days refer to a candlestick pattern that forms after security has experienced daily price ranges within the previous day's high-low range. That is, the price of the security has traded "inside" the upper and lower bounds of the previous trading session. It may also be known as "inside bars." Inside days may indicate consolidation or lower price volatility. Inside days can be indicative of indecision in the market for security, showing little price movement relative to the previous trading days. Trading with technical tools like candlesticks is a highly specialized practice and therefore, must be done carefully. Spotting inside days is of interest to a trader because he may believe that the subject security is setting up for some sort of move up or down. As you see in the chart after Flash crashes in Bitcoin it is quite common to have inside bars! I believe in consolidation patterns (sideways) I would be better not to trade! because in this situation market becomes efficient and predicting prices movements become harder! Reference Article: www.investopedia.com Educationby Moshkelgosha18
please share your thumb up - reputationHello guys can't wait to join you on chat to share experience, learn every day and especially tell a lot of bullsh....t are bulls people saying bullsh...t? Please 2 seconds for a thumbs up. thank youby Odelf182
Liquidity Cascade, Whale Effect or a bigger Scheme???In this 5 minute chart, you can see CRYPTOCAP:TOTAL BITMEX:XBT CURRENCYCOM:ETHUSD FTX:SOLUSD KRAKEN:ADAUSD . This level of coordination couldn't be Liquidity Cascade or Whale Effect. What is it? I could not find an evidence base reason for it but this phenomenon is so big and fast that could not be Algorithmic trading of institutions or retail traders or what so ever..! I checked the 1-minute chart as well : It seems there is a superpower that overrules all other players..! I am 100% sure this is not the last time this phenomenon happens and it will be repeated again very soon, in less than 100 days..!by MoshkelgoshaUpdated 778
3rd Flash Crash in the past 6 monthsA flash crash is a very rapid, deep, and volatile fall in prices occurring within a very short time period. What are the Red Flags in Bitcoin Chart? 1- Bitcoin lost more than 15% of its value in 2 hours..! 2- 30 days gain washed out in a couple of hours..! 3- January 2021, Bitcoin was 30-33 K, and 72% of the total cryptocurrency market cap belong to Bitcoin at that time. Today it is decreased to 42%. 4- Bitcoin Experienced weakness in the past 3 months rebound in comparison to total cryptocurrency market cap. 5- When flash crashes like this tends to repeat frequently, it puts a very big question mark in front of investors and those who think long-term. 6- It seems people are searching for the next bitcoin and retail traders tend to invest and trad Altcoin much more. In conclusion, If you are a trader cryptocurrency market offers lots of opportunities because of the high volatility. but the question: Are you ready to handle this level of volatility??? Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Shortby MoshkelgoshaUpdated 2211
BTC 15m Elliott wave countBy Elliott wave count indicator we can see wave a is impulse so we can expecting zigzag correction to previous wave 4 of last impulse on daily chart by EW_T6
Bitcoin or Altcoins?April 2020 - April 2021 : Total outperform Bitcoin by 27% April 2021 - September 2021: The gap is still 27% Now let's look at Total 2 and compare it with Bitcoin: April 2020 - April 2021 : Total outperform Bitcoin by 660% April 2021 - September 2021: The gap is 60% This comparison clearly shows people tend to invest and trade altcoins..! while Total2 is approaching its all-time high, bitcoin is 25% below its All-time high..! The story for Ethereum is different! DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. by Moshkelgosha119
Buy Bitcoin Target $98000Buy Bitcoin Target $98000 Buy1 and Buy2 Buy1 and Buy2 Buy1 and Buy2 Longby bimiha113
Bitcoin runs out of steam once more!It depends on the time frame you are looking for, but it seems correction is more likely than the breaking above the resistance level. Looking at the weekly and monthly chart makes it more clear! Weekly: Monthly: Pay attention to resistance and support levels, closure below 50EMA will enhance more bearish case! Shortby Moshkelgosha115
BTC 1h Elliott wave countPrice try to turn back by impulse but it resistance by trend line than reverse it look like in wave c now Shortby EW_T1
BITCOIN / US DOLLARBitcoin is now at a strong resistance area We expect it to move in a downside direction targeting 27225 The second target is 19,660 .Shortby Mr-Gann1
Ping Pong Uptrend got broke We are just crabbing here Dont get chopped up until the market decides what it wants to doby dakaUSD0
BTC 4h Elliott wave countAfter making 5 wave with ext 1 Look like price now in correction, first leg have broken below 24 trendline, look like it is 3 wave it may be flat correction if it can rejected trendline then break below that low 46500 of wave a it can go lower to wave 4 of previous impulse at 44000 Note: I have add some stupid adv count for indicator to have better scenario of what happens so new chart look like thatby EW_T5
Breakdown of upwards channel, Bitcoin likely to correct moreWe are looking for a short target of $43,000 before bouncing off strong support. This is not the start of a bear market but rather a correction where lots of people took profits after hitting $50,000. The red line marks the downwards sell pressure. Bulls have staged some rallies but nothing managed to stick or clearly break through the red trendline. We are still bullish medium to long term, but bearish in the short term. We need to see a solid break, not a wick but a close, above the sell pressure before resuming upward momentum. Market fundamentals are strong with little FUD and bullish news for Bitcoin. After a month of solid upward price movement, a correction was not a surprise. Shortby ffara4
Bitcoin: Anything could happen. Lines Great lines. The best lines you've ever seen. by JohnnyBGalt111
BTCUSDTBitcoin On Very Strong Support We Can Expect Some Good Move From Here If Btc Didn't Breakdown Below $47000. #Bitcoin #Btc $Btc #CryptoLongby marwattrader1
BTCUSD LONGS Broke trend line... BTCUSD LONGS Broke trend line! Are you Ready for BTCUSD Target 20k... ? or 17k... ?Shortby makisohacker113
BTC/USDTBreakthrough 52 thousand excellent other than this talk do not enter the market GOOD LUCCKby AboGHAZL113
I'm seeing a possible retracement towards 45-46kHead and shoulders formation sending bitcoin to down 48k and possibly further.by BagsInSight0
New Bullish rally or A correction?22% Blow the ATH and lots of resistance levels to pass ..! IMO it can not be called a new bullish rally unless it closes above 64862..! Key resistance levels: Correction: Conclusion: 53600-54700 is a very important level for bitcoin! by Moshkelgosha335