weslad
Long

Bitcoin to make Hard move up or Break down Hard.

BINANCE:BTCUSDT   Bitcoin / TetherUS
Good day all,

I so much appreciate the hand of love you guys shown on my last post and I believe we all make sweet and sexy profit from the call as usual.

Let get to it, I prepared a tough analysis for us as usual.

1. Let talk on wave perspective in term of comparing the previous impulsive moves to the present position we are:

First impulsive wave started from 3160$ which ended around 4170$ this move pull about 34% before we started extended correction for about 78.6% of the whole move.

Second impulsive wave begin from 3380$ which surprised all and sundry with giant ride towards 9050$ level with totaling of 168% move, wow!!!! this is crazy and since then we begin correction that ended around 7500$.

Finally the last lapse is the wave 5 where we are right now, and this kick start from 7500$ zone and so far pull about 85% move and still yet I believe its best is not yet enough as I expect more move upside wise with potential percentage target around 127% or 200% with an equivalent price of 16000$ and 22000$. Before the major drop .

2. Talking about immediate Pattern identified on the chart.

Bullish Gartely formation with target towards 16000$
Adam and Eve pattern with targets towards 13800$
Rising channel with possible upside leg towards 22,000$.

Below are some level to watch for potential trading purpose.
11550$-11640$ = 1st Reversal level (Weak Level)
10850$-11270$= 2nd Reversal Level(Very important to watch)
10300$-10500$= 3rd Reversal level( Critical Zone for Bull)
9850$-10000$= 4th Reversal level( Last chance for BULL)

Bull stop loss is around 9100$-9300$

Failure of the above level will trigger the Bear to be in control and their potential target is 4350$.

I so much appreciate time you guys spend in reading this market update and I will like to welcome your comments and most importantly remember to follow and like all my post.

Thank you

Trade active: Keep an eyes on shaded portion they are all potential reversal zone. We got confirmation for Bullish flag and pole formation and this pattern already breakout.

Trade active: Nothing bad in sharing what we should expect from the BEAR side of view. This will likely happen when BULL FAIL but I doubt it as am seriously in support of BULL.

Trade active: Nice drop so far, price crushed through the Weak leven of 11550$-11640$. Just as expected that is why it tagged with weak level.

All eyes on important level, its a must watch zone to make good long decision with tight stop loss in place.

Trade active: Hello people for faster and timely updates i will advice you guys to follow us on our telegram chat room the link can be found under my signature zone. Big Bitcoin discussion is on going right now.
Trade active: Our second zone did perfect job. Nice spot guys so far BTC has bounced for about 500$ after hitting the prescribed zone.

10850$-11270$= 2nd Reversal Level(Very important to watch)
Trade active: Hey guys let prepare for worst scenario as we got bad news just now and this may lead us down to the critical reversal zone.

This is not FUD just to prepare our mind ahead because anything can happen
Trade active: I start to look at y Buy zone II to be important if this fud take effect. I hope Binance do something faster to stop this shit.
Trade active: Hmmmmm crypto world.
Trade active: Right now market is looking more interesting as we spotted a potential Rising wedge formation.

From the chart we see how price react to the test on the top side of the trendline and that of counter reaction towards the bottom side.

I believe this will continue until we have fake breakout for the rising wedge to complete the present wave cycle.

Target for this is around 13400-13650$

Our safe zone remain the previous given level with very important level tagged.

Trade active: Hello friends,

Yesterday was a great day and still yet price manage to keep momentum, we closed well with price exhibit some nasty action due to news volatility.
Clearly we had a nice breakout from the flag pattern with a potential re-test done and bounce, i expect price to continue its move towards upside direction with ADAM and EVE target under view at least to complete the present wave cycle before major drop.

Comment: Hello people for faster and timely updates i will advice you guys to follow us on our telegram chat room the link can be found under my signature zone. Big Bitcoin discussion is on going right now and we are also looking in Ethusdt and XRP trading opportunities. Join us and ask your questions on any of our trading ideas.

Thanks for all your supports on likes it mean a lot to me and I promise to keep updating us as market unfolds.
Trade active: Price hit top side of our entry zone, let see how this develop

Trade active: What a great entry for you guys, congratulations to all my followers. We hit this again.

Guys do join us on our telegram chat room, lots of good calls are been given with no stress.

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Very thorough! As an EW guy I totally agree with your bullish view.
+1 Reply
You're a legend!!!
+1 Reply
THKS.
Reply
this is a great breakdown and I believe we are at the end of a strange early bull cycle and entering a brief 3 month or so consolidation period before the real hurricane like elliot waves start crashing into the shores of bitstreet! lol, excellent chart, #chartstalk and #FOMOsWALK ;p
+2 Reply
weslad GeeKOpS1_3
@GeeKOpS1_3, thank you man
Reply
Amjadsid GeeKOpS1_3
@GeeKOpS1_3, 6,7 months
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Comment removed
i dont see any upside soon even if price hit 16k frm here(Will not go there) then after price have to come back 8k again:)... this is something technical: Easy words DOWN minimum 8300$: will update if naything changes
Reply
weslad Amjadsid
@Amjadsid, you can push the price to 8k.
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