COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This is a longer term look at BTC's upward pressure. After being forced to recount my Elliot Wave's from the former "idea" (short term look) I am forced to go back to the drawing board, find the larger waves, and thats what we are looking at here. I don't see BTC             making the fall to 8k, 9k, or 10k, that so many have talked about.

It is on its way upward.

I'll break down smaller waves after getting this published, but for now this long term look is important. I've looked at multiple different cycle looks, volume indicators, even the RSI (seen here) and there really isn't any indicator that tells me BTC             is facing any downward pressure at this point. I'm a believer that the long term correction is over. What is the new trend? From what I can tell, its upward again.

This channel looks too sharp to me, and I have a hard time buying it... but this is the chart. This is the math, and the TA and BTC             has shown me steep slopes before. I hope we all enjoy the peak!
Comment: A shorter term look
Comment: Suggestive Resistance Arc for the end of wave 3.
Comment:
Comment: Long term I still see upward pressure. The decoupling of other coins from bitcoin is a sign that we're going to see a few more fluid movements before the bulls really take over the market.

This is the shorter term look at BTC, and for those of you who bought, and are looking at losses, keep strong hands. Remember, we are looking months out, not days.
This is what you're looking at currently as far as what you need to stomach.
I know its ugly...but this is where profits start.
I agree, did you see my comment on your last chart saying exactly this, that we are currently in Wave 2 and Wave 3 upwards will be powerful!
Reply
@oOTradingOo, Yes. I answered you back. I don't find any evidence showing otherwise. Great work, and thanks for commenting back here!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out