weslad

Bitcoin Important level to watch

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hey guys keep an eyes on the following level as BTC is about to make important decision for the market.

Market still remain inside Ascending triangle with its target well explained on the chart.
BTCUSDT Level to watch

Resistance Zone
4130$-4203$,
4423$-4525$
4695$-4850$
5021$-5124$
5400$-5542$


Support Zone:
3915$-3945$
3615$-3682$
3525$-3565$
3300$-3382$
Mar 29
Trade active: Here are some of my previous BTC views, it may be useful for us.

On this analysis, I talk about continuation of wave 4 with target at 5k area.

Here I spotted potential cup with handle formation with possible target at 5k zone as well.

Hey guys this analysis so far has been on point with potential targets at 5k as well
Mar 29
Trade active: Hello guys we are now approaching our first resistance level at 4130$ please pay attention to this, with all the indicators look perfectly bullish I want to believe we will have serious fight here.

Fingers crossed.

Mar 29
Trade active: If we have any sudden breakup this will lead to good rally.

Mar 29
Trade active: We hit first leg of resistance at 4130$

Mar 30
Trade active
Mar 30
Trade active: BTC quickly have a re-test on the 4000/4050$ zone and price bounced with long winks, this mean we can have a possible test on other side of the resistance at 4203$.

But, its too early to make decision on this present forming candle let see how it close if close with bullish body then next level is 4203$ and if close bearish we will continue to be falling and the next support level is at 3965$ zone.

Mar 30
Trade active: Selling pressure is building high, Oscillating indicator just crossed confirming possible short incoming.

Apr 02
Trade closed: target reached: MEDIUM TERM TARGET ACHIEVED
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weslad The_Egyption_King
@The_Egyption_King, thanks for sharing with us
Reply


Look below
+4 Reply
weslad D4rkEnergY
@D4rkEnergY, you are funny, I pull up a drawing of wave at 4hours and you are comparing it to 1hour waves, well no problem time will tell. Thanks for sharing
+1 Reply
@weslad, Am I funny? I was trying to help you out, cause you clearly had misunderstood how to use Elliott Waves. There are so many things wrongs what you are saying:

1. Wave 4 is NOT allowed to retrace 50 % or more of wave 3
2. There are no difference on what time frame you are on

Source: https://elliottwave-forecast.com/elliott-wave-theory/#wave-4

Instead of being negative you should thank me for helping you out - it's not Der Untergang if you are wrong, but when you start to defend what you are doing instead of just admitting it was a mistake, then you have some issues - it will mean you are closed minded, which isn't good if you want to become better at trading/TA or anything else in life.

Good luck, though.
Reply
weslad D4rkEnergY
@D4rkEnergY, Thanks for the help but am very sure that help is not for me, you need to visit correct site before following the link that will mislead you. Wave 4 can go as more than 50% of wave 3 why do we have contraction and expansion. Anyway no time for that. Thanks anyway case closed. Follow what you know I will also follow what i know better.
+1 Reply
weslad weslad
@weslad, I wonder those that are liking this guy wave count, now who got rekt
+2 Reply
Ill try to explain it again @CryptoEngineering - According to Elliott Waves rules and guidelines, Wave 4 IS ALLOWED to retrace down in 1st wave territory with a WICK. BUT Wave 4 is NOT allowed to retrace 50% or more of wave 3 - therefore your EW counting is wrong.

Mine is one the right - and so far we are still following my idea - we are about to create that C-Wave down.

Let's see if we continue to do so.

nhttps://www.

Here is my original post:

Reply
weslad D4rkEnergY
@D4rkEnergY, your EW principle is wrong.
+1 Reply
Getting excited!


Reply
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