Elliott Wave Theory (as I see) for COINBASE:BTCUSDT by BTC-XLM

trendanalysis chartpattern waveanalysis btcusdt btcusd bitcoin

Hello friends,

What is going on?

1- China (viabtc)
China's crypto censorship reaches over news outlets and mining pools
Chainnews, one of the major Chinese crypto media outlets, is shutting down. Meanwhile, the domains of major crypto mining pools have almost simultaneously become inaccessible for normal China IP addresses.

2- first European case of new Covid variant
seems coronavirus is a new challenge for human beings! It was not until yesterday?! :)

Crude oil -12%

Elliott Wave Theory:

Bitcoin started a new uptrend in 1 Oct 2021. This uptrend stalled and turned lower in 21 Nov 2021. Bitcoin’s price began going through corrections.

1-zig zag
2-Contracting triangle, descending top, bottom flat

What is next?

After these corections have been made, we have one Support line (red line) where a correction of the downtrend may stop and reverse back into an uptrend. Watch for movement from the red line!

Comment:

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 171,999,916 #USDT (171,999,916 USD) transferred from unknown wallet to #Binance

Comment:

Think it:

"South Africa covid has been for a long time"

1- first European case of new Covid variant:

2- She has never traveled to South Africa ( after returning from a trip to Egypt via Turkey) !!!

as a result:

South Africa covid has been for a long time!

this news represents Covid variant as worse than it really is!

Comment:

whale-alert

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 129,921,132 #USDT (129,921,132 USD) transferred from unknown wallet to #Binance

Comment:

New Covid variant, symptoms are ‘unusual but mild"

Mild !!!!

South African doctor who raised alarm about omicron variant says symptoms are ‘unusual but mild’

what are you doing!!!

Comment:

Albert Einstein — 'Two things are infinite: the universe and human stupidity;

Comment:

(Bears) Its time to look over your charts of profits and losses,

Comment:

$ 58000 👍👍👍

Comment:

As I told you:

easing worries over the spread of the Omicron coronavirus variant
,👍👍👍👍👍👍👍 :)

SHANGHAI, Nov 29 (Reuters) - China's yuan touched a one-week high against the dollar on Monday, on corporate demand for the local currency and easing worries over the spread of the Omicron coronavirus variant

Comment:

Just Hold

Comment:

Pressure is mounting for SEC approval of Bitcoin Spot ETF in the U.S. following a new pending spot ETF approval in Canada spearheaded by none other than Fidelity Investments.

Fidelity’s Bitcoin Spot ETF product listing is titled “Fidelity Advantage Bitcoin” and pending approval to launch in Canada this week

Comment:

Bots are getting on your nerves? :)
Bots are patient, how about you!

Comment:

Elon Musk @elonmusk Replying to @CoinDesk

Dooooge Dec 2, 2021

As a result:

Seems market couldn't quite make out what he said.

bullish Dogecoin = bullish bitcoin!

Comment:

Now, Blue Whale is long!

do you remember? (blue whale target, $ 69k)

Comment:

Over 2.208 Million $BTC have last moved on-chain between $55k and $60k.

Comment:

whale-alert 5 minutes ago

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 80,000,000 #USDT (80,000,000 USD) transferred from unknown wallet to #Kucoin

Comment:

🚨 🚨 🚨 🚨 🚨 50,015,434 #USDC (50,015,434 USD) transferred from unknown wallet to #FTX

Comment:

1,000,000,000 #USDT

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,000,000 USD) minted at Tether Treasury

Comment:

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