Hey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Technical Section:
Wave 3 < 161.8% of wave 1
Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did)
Wave 5 is probably too large
Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3)
(Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to...
On the 5 day you can see if you draw 2 fibs, one from the last break up... in yellow, another fib, grey from cycle low to top, and look back, you can see that there are 3 tops that need to be tested from previous cycle.
when you draw the yellow fib, the previous high has to be tested, that's between the 6.18 & 78.6, 90% of the time, that top gets tested,...
Bitcoin is an invention designed to grow forever as long as we live.
If you see the same vision, don't forget to support the analysis.
I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating.
It doesn't matter if the price is 70k or 50k as long as you see the big picture.
The world...
Again, the BTC 4 time frame shows a good Bullish Divergence, and if the above trendline breaks with good volume and the price trades above 63049.9$ and closes the candlestick, the price can break above the 64, 66, and 70k mark. Be patient until the RSI rises above the 50 level.
BINANCE:BTCUSDT.P
Hello Traders and Investors, today I will take a look at Bitcoin.
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Explanation of my video analysis:
On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending...
The next hours/days are really important for BTC and the whole crypto world. Halving is just around the corner and news about the wars are moving the market. What is going to happen? As everyone should know, May is a month where usually we can expect a drop on major index (Sell in May...). This would means we could see a bearish scenario on BTC and the price could...
⭐️ Smart investment, Strong finance
⭐️ CRYPTO INFORMATION:
Bitcoin's price has experienced a significant decline since April 9. However, the downward trend has become more pronounced in recent days due to three primary factors.
Firstly, the escalating confrontation between Iran and Israel has contributed to the market's unease. The former Mossad intelligence...
I don't trade Elliot waves but will help define where market's heading, up, down , sideways, duh-huh
Notice that on the 6hr, this chart the 50SMA crossing down again below the 200SMA, on the 5 day it's postured the other way more bullish
5 waves down, 3 corrective waves up, should be another 5 down if BTC caa'nt reclaim and hold $64.5K, top of the 3 waves, then...
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level but should go lower when ready. This is a bullish structure and dips are buys, when...
Currently, crypto market users are divided into two camps:
1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k.
Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise.
On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin...
Two setups for long BTC. I'm waiting for the price to be decided so I'll see how I react. Right now, the killing is on both sides and there is no need to be exposed.
The first thing I look at is that there is still space until the end of the c wave, which can also be seen from the Fibonacci pattern. From that point of view, B has gone high, which gives the...
The upcoming halving of Bitcoin, scheduled to occur today at approximately 9 p.m. ET, will reduce the miners’ block subsidy incentive from 6.25 BTC to 3.125 BTC. This reduction has historically led to fluctuations in the price of Bitcoin, often preceding significant bull runs in the Bitcoin market. However, there is no clear cause-and-effect relationship between...
Bitcoin's price action has a strong historical correlation with monthly candlesticks. This means that breakouts or breakdowns of key levels on monthly candlesticks often signal significant directional shifts in price. This phenomenon can be attributed to several factors:
Psychological Significance: Monthly candlesticks represent a longer time frame and carry more...
After an aggressive pullback though the range it is possible that the pre-halving dump is done with. BTC's price got to a level where it no longer seemed a viable buy and will need either a pullback to offer better value or a period of reaccumulation which is what we may have experienced in the previous weeks.
I have mapped the Wyckoff reaccumulation schematic...
I see a fairly aggressive structure, this is good for people who have not yet bought this tool for a lower price. We updated until the halving, we have an ETF, and this is very serious. I didn't believe in bitcoin at 100k and one million. I don't think that a big company like Blackrock, Fidelity wants to make us poor rich) I don't believe it. That's why I open the...
The cryptocurrency market has been experiencing an increase in Bitcoin price, with the digital asset nearing the $65,000 mark. Recent statements have eased geopolitical risks slightly, while concerns about new conflicts opening in the Middle East are diminishing. The spot Bitcoin ETF channel is also seeing a revival in trading volume, indicating increased...
Recently, I have observed several things in the Bitcoin market that give me the feeling that a period of growth is approaching. I see that the price of Bitcoin is currently at the bottom of the bullish flag and the descending triangle. The MFI is low below 20, indicating overbought conditions, and the ADX is high, indicating a strong trend. All of these factors...
