tim13l

tim13l

BTC dominance hit a brick wall at key resistance levels (58%-61%) and is starting to crumble. The rejection is loud and clear: the spotlight is shifting to altcoins. Get ready for altcoins to take the stage. As dominance falls, expect explosive moves across the board. The charts are screaming one thing – altcoin season is here, and it’s about to get wild. Which...

tim13l

Correction wave 4 with structure W-X-Y-XX-Z of global bullish impulse seems to finish soon. It already reached 0.5 level of Fib of previous bullish wave 3. Now we expecting the final bullish wave 5 of current Bitcoin rally. The only question that remains is how will altcoins behave?

tim13l

Now the price seems to draw convergent triangle in the correction wave 4 of the wave 3. Wave in wave in wave. Happy announce to you that we have 1 more year of bullish market. Just stay in your favourite altcoins until BTC dominance is not <35%.

tim13l

As we observe the Bitcoin market dynamics, a fascinating pattern emerges within the framework of an ascending channel, characterized by a double zigzag formation WXY. Wave W: Spanning 146 days, Wave W exhibits the attributes of a simple zigzag. Wave X: With a duration of 150 days, Wave X presents a more complex structure, resembling a double three...

tim13l

Bitcoin pleased us with a good upward movement, but it won't last longer than 1 month. Final targets for this growth are ~38000$ or ~40000$. There after some confirmations will be good position for buying PUT options or trade Short.

tim13l Updated 

After careful analysis, it's clear we've entered a bull market for BTC. The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways: The trend from 23rd November 2022 presents as a robust bullish impulse. All impulse waves and corrections looks nice and well-balanced. The waves within...

tim13l

Analyzing the 3-day timeframe for BTC/USD, two primary scenarios arise: Bearish Outlook: Current wave XX-Z indicates a possible triple combo wave W-X-Y-XX-Z. With wave X potentially concluding, a move downwards for wave Y is anticipated. Bullish Correction: Despite a bullish market, a correction wave 2 could drive prices down to 23,700, below the 0.5...

tim13l

Current bullish movement possible is the correction Elliot's wave 4 to the previous fall from 30300$ to 24800$. The correction wave 4 could be either long in time or sharp and deep. Here deep variant is represented. According to this version the price can not be higher than the highest point of correction wave 2, and also the level 23.6 fib is close (29000$). So...

tim13l

We observe the possibility of converging triangle of the 4th Elliott correction wave appeared on BTCUSDT chart. We may enter short NOW with the target ~23000. If the price will break the rules and knock out the stops from above in the area of 27000-28000, it may be good idea to reenter with SL around 29000 and target price 23000.

tim13l

Everything goes as we expected before. Update for Elliot's waves forecast. Stay tuned!

tim13l

The global correction wave XX possibly is finished with last impulse for BTCUSDT (15 of June - 13 of July). What we see from 13 of July to today looks like the beginning of the impulse wave 1 of first part correction of future big correction wave Z, which will lead to global trend line up to $13K. Good point for enter is now if you trade with not big leverage,...

tim13l

Let's disassemble current local situation from elliot's wave side. Attention to the chart! 🪄📈💫

tim13l

We analyse the monthly chart for BTCUSDT and came to disappointing conclusions 😫 🤯. The BTCUSDT chart didn't finish the downtrend yet and soon it will be $12-14K. Don't worry, there will be great time for enter the market in November 2023 - January 2024 💫

tim13l

Now we observe the final movements for the impulse wave which lasts from November 2022. We have beautiful correction wave 4 (14 of April - 15 of June) and now there is the final step for wave 5 (from 15 of June to ~ 6 of July). After that we expect the beginning of global correction wave to FWB:13K or small correction to this last impulse. Stay tuned.

tim13l

In addition to previous idea now we can go short again with the same volume and set stop loss to 28700. If we consider the growth from 26,000 to 28,500 as a correction to the previous downward movement, then touching the level of 0.382 by fib is already a good deep correction, after which there is a possibility of continuing the downward movement.

tim13l

According to bearish trend in BTCUSDT last year still in progress now is good moment for open SHORT position with target around 25300

tim13l

We see the Elliot's impulse on global timeframe for BTCUSDT. Now we are in wave 4 of this impulse which is correction wave. We wait that wave 4 will be ended in early 2024 and we will enter the next bullish uptrend.

tim13l

In additional to previous post we can add some position for short to BTCUSDT now.