As the cryptocurrency market continues to captivate traders and investors alike, BTCUSD has been a focal point of attention, especially in the realm of intraday trading. In recent sessions, an intriguing Elliott Wave pattern has emerged, signaling potential downward movement in the short term. Understanding Elliott Wave Theory Elliott Wave Theory, pioneered by...
With a candle that can be seen as a hammer, the price closed the gap by taking buy orders that were in the majority compared to sells, the candle is evident. In the related analysis I had written that it would be a very useful level, given that gaps often work well as supports or resistances, in this case it has become a very useful support, a perforation of the...
The Bitcoin market cycle can be easily predicted by studying historical data. Whenever you seek an idea of where the market is heading, you can always look at the past to gauge the future. However, this doesn't guarantee that the predictions stated here will unfold exactly as described; it's a PREDICTION, not a fact. Let's examine the chart displayed here. The...
BTC - ETH - XRP (GROWTH POTENTIAL) - JAN 2024 It seems that today, the decision regarding the BTC ETF will likely be revealed. Regardless of the outcome, I think it might be advisable to consider transitioning from BTC, especially after it reached FWB:48K , to alternative coins such as ETH or XRP. Various other alternative cryptocurrencies also exhibit...
As discussed back in 2021, we were watching a correction in BTCUSD taking place after a 5-impulse wave move (marked on the chart) starting wave 1 of the initial bull market rally. The next phase was a three correction, as marked ABC on the chart. We had measured a possible level of the correct to reach around 17257 from the confluence Fibonacci retracement level....
As predicted a few days ago, LTC is getting loaded up since BTC fees have been going up.
In this video I highlight some interesting new reports that have been pushed into the TradingView platform in the last few hours. The news on TradingView is about as useful as the indicators and oscillators. I also discuss how the upside price target can change based on where Wave E ends which hasn't started yet. Here we are seeing a classic fake out move. I...
Hello 🐋 we expected the retest of the support zone to be completed ✔️ if the price doesn't break the support zone to the downside and just complete the retest, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the...
#bitcoin scenario if we lose the mid-range. Probability to go back towards 18.9K at the 0.618 fib retracement before seeing 30K again before summer.
Due to the economic mass and increased liquidity are we about to see the most disappointing #BTC bull run Each Bull run has a remarkably similar ratio of diminishing returns. Suggesting a high of around $90k, Based on a Low $13k being achieved in the following few weeks! If indeed the June low was to hold it still only improves the amplitude of the next high...
Hi, Call me silly or numb. But, this is going to rise exponentially. Don't be shaken out. Its gonna break the risk like a missile. I'm bullish and I don't see we are going down below $17500. We are getting ready for a big impulsive more. LONG IT!
Looking at BTCUSD here we see momentum dying out on this grind up as noted by the divergence in both MACD and RSI on the 4hr. I personally don’t think this move is over, as we didn’t see a retest of the May breakdown at 25374, and have yet to see climatic volume and price action that would normally indicate the last hurrah. Also looking on the Daily (see below),...
please validate this pattern. BEARS in control for the next coming years..
As per yesterdays post the 200MA and horizontal resistance needed to be broken before we got excited and saw a huge rejection from them, want to see a bounce of the trend line (break out and retest then bounce etc.
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any...
Last flight call, get in! $BTC TO $70000. Falling wedge with strong daily up trend...
Looks like triangle forming at end of downave.if you want to trade below 39k will be stop loss.
First bull flag played out well. But this time, many bull will be trapped like bear did. They gained a bit from the first bull flag broke out. Now they will be more confident to long the market. As I have been observing second bull flag tends to break down. In another scenario, people are still in Fear, Bear is still in disbelief and wants to revenge trade. They...