I noted that recently Bitcoin had made several swings making lower highs and higher lows. That is a solid sign of some consolidation. Bitcoin has been accumulating energy and is nearing a point where it will release that energy with a strong directional move as a squeezed spring. I can count that consolidation as subwave (b) down shaped as an a-b-c-d-e triangle...
Dear Traders , As predicted earlier Bitcoin had successfully completed 4rth wave and now its going toward forming 5th wave of correction . Now we have identified few levels for lower direction ,which it will complete in 5 wave of small timeframe . Below are the levels . lower tgt 40250 36900 34600 Thnx Elliott Baba
Draw your own conclusion ... I see a solid run ahead.
Hello Traders, BTC ended a five wave sequence to the downside meaning that we should at least expect three waves up before another five waves down. Golden area is the 50-61.8 fib retracement of the move down of Wave A. upside should be expected.
Sometimes Events Happen That Create A Change of Behavior In the Market So Dramatic It Creates Panic Selling or even changes a belief... Think Covid 19 reaction and many more. Or a market gets suppressed and manipulated like the Silver Suppressing Scandal that J.P Morgan took the slap for in 2020. Even when not expected, its good to be prepared for the...
This trade idea was shared with all the members in my group. It could have been you!
Hello traders, and welcome to this crypto corner, I hope you had a wonderful week. from our last analysis, we expected btc to make a retracement from 10k region to the upside around 11k region, which we can see on the chart.. so, what's next for bitcoin? last week if you can recall that after the wave 5 truncation, I started labelling a wxyxz correction....
10k-10,5k The next attempt may be useful I simulated the possible approach and the overcoming of the 10k wall. I hypothesized the movement of the trend based on the behavior of the previous wave and on the basis of more or less evident supports and resistances. Given the fear and skepticism, it is likely that you have a new 10k approach, with immediate sale...
BITCOIN: SUPPORTS AND RESISTANCES (Major from 14k to 6,5k) Looking forward to the next wave. The key level is close and reported on the waves (VI).
Super cycle Elliott Waves For the trade follow the related link.
simple head and shoulders pattern, this is last point for liquidation. probably a good time to exit your position. not trading advice, but its so obvious.
Bitcoin has finished the correction from the high of 13800 on june 2019 and is ready for a new bull move. According to my wave system the waves will form as shown on chart. Wave 1 is going to end between $8000 and $9000. Wave 3 is going to end between $13.100 and $15.600. Wave 5 is going to end between $24.500 and $30.000. As to the corrective waves 2 and...
Greetings everybody here's my analysis on BTCUSD. I have alternate possible Elliot counts as well as bearish and bullish scenarios with some of my fundamental views and thoughts behind Bitcoin and the current state of the financial markets. For those too lazy to watch through, my primary count leads me to believe that this current dump is the possible end of...
Intermediate (2) (green) Structure - Zig-Zag Leading diagonal in Minor A (red). Running Flat in Minor B (red). Impulse in Minor C (red). Intermediate (3) (green) - Expectations Bullish Impulse, Extension in a Rally. Technicals - Favorable Details - Descending Channel within a Complex Correction - Bearish Divergence at the termination points of Minor C (red) -...
as you may remember i said that i see a flat correction in bitcoin. there is different scenarios where the 14k top was end of wave 5 or wave 3. in this stage it does not matter. the only thing that matters we completed a flat correction and now as i have shown you in the chart, started a new impulse wave as wave 1 or A and a 2 or B correction and potentially...
I drew a line in red, it is important because it connects the ending point of wave 1 and wave 3 and respectively there is green line parallel to red line but from ending point of wave 2 These lines are drawn professionally and are not simple channeling lines. So draw it for your self it is going to be a significant line in the future. Back to elliott, i think we...