Greetings, fellow traders. In this article, we'll be reassessing our annual Elliott Wave counts and going deeper into interpreting Bitcoin's current decade cycle. I'll make sure to segment each part by drawing insights from the previous cycles, also employing the Elliott Wave Theory, and integrating major timeline events to bolster my perspective on Bitcoin's...
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
On the above weekly chart of Bitcoin price action a signal not seen since March 2017 and previously November 2012 has printed. No one on the social media circles is talking about. You heard it here first, remember that ;-) What is it? Weekly hidden bullish divergence. It is the same signal that allowed us to long the S&P 500 from 3750 and the Nasdaq 100 from...
Since the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback,...
Many have already heard about the Steve's (Crypto Crew University) 5.3 theory. This theory determines that the percentage gains throughout the bitcoin cycles are decreasing by a factor of 5.3, placing a top for bitcoin for this present cycle at roughly 80k. While I tend to agree with Steve's analysis, and actually find him one of the most accurate bitcoin analyst...
BTC broke out of short term downtrend. Could see it retest previous high
Market sentiment oscillator with a good correlation to the BTC price. Interestingly, previous tops occured once the CMSO is over the euphoria line and falling back afterwards. This happens once in a cycle and correctly indicates cycle tops. The rising above the euphoria line interestingly occured much early in this cycle, although very brief. Let's see if the...
Introduction This is a birds eye view post. We have had the usual stall and consolidation after the halvening and things have started to get lively. Due to all of the tokenomics of bitcoin, with the havlvening, its periodicity, and so on the move is going to be impulsive and sustained. The charts reflect that. Important Indicator considerations A MACD...
BTC There are many possibilities of what can happen next with Bitcoin. And plenty of detail in the weekend video btw. Here's another one. Demand lines are dangerous in potential bearish phases. And we've seen this one before: Back in August it drifted sideways to the Demand lines and had a big collapse through them. Perhaps will will see something similar...
FOMC announcement is coming in soon and most of the FED aware trading community (not hodlers) think the financial world is on the brink of catastrophic disaster. And who could blame them, that is what the news has been forcefully pushing. But what they don't seem to be shouting from the roof tops is that Congress has already raised the debt ceiling 78 times...
I drew an ascending triangle yesterday expecting a leg up if we didn’t break below the support line. Price did a fake breakout, then broke down from the support line then went back above the support and trend line. What a rollercoaster.
One Chart 3 cycles //BTC 3 cycle 2013-2024 BTC/USD 1w BTC cycle moves // almost same >Mayer Multiple bands (75MA &50MA) >Bitcoin Power Law Corridor > Realized Price Log Regeression 250 #btc CRYPTOCAP:BTC
Bitcoin on weekly TF formed Ascending Triangle and is struggling to break 14 years resistance zone and previous ATH, if the price of bitcoin breaks these zones and enters into long term curve than we will see bitcoin price discovery and new ATH. On Daily TF bitcoin formed big falling wedge well as inverse Head and Shoulders (Pattern within pattern) and the price...
CRYPTOCAP:BTC is sweeping liquidity IMO !! here is why the structure tells us to be cautious and not to long BITCOIN 📏🥤 WXYXZ IS FORMING SLOWLY 🔻
Bitcoin Daily Bias: We have taken the liquidity from the March-April lows and tapped into the 4h fair value gap, creating a manipulation block at the 59,000 discount level. The price has broken back into the range with two bullish fair value gaps. The draw on liquidity in the current upward leg could reach the March high or even go beyond. This market structure...
What if this is the macro top and CRYPTOCAP:BTC goes towards low $34kish? Just what if. Not much of a Technical analysis. Just a random rant from a radom Joy
After hitting a new ATH around 73k, Bitcoin re-tested the weekly close from its April 2021 high: It initially lost the 50 day EMA during this re-test, then the weekly candle bounced from this level, as the daily TF formed an HSi around the same area. This led to a recovery of and bounce off of the 50 EMA upon the re-test of the HSi's neckline. If Bitcoin...
Bitcoin has been developing a Bull Flag pattern since late April. It is making its first attempt at breaking out as we speak. If unsuccessful it could go back towards 64k to retest the diagonal trendline within the descending channel! There is more to unpack here. stay tuned for update!