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Bitcoins Peculiar Elliot Waves! #2This chart is a second look at " Bitcoins Peculiar Elliot waves" In this analysis we are assuming that wave 3 has not finished yet, but should do so by summer next year. June @ 95 bars would mark a 2.5 lengthened cycle from the first first wave. The next look is into an a possible extended bear market with the bar length all clearly marked, at this point for me it's just an educated guess. I want to note that price is not the emphasis of this outlook, it is cycle and time line based...So please don't get caught up on price points. I have listed the original "bitcoins Peculiar Elliot Waves" in this chart as well. take a look and let me know what you think down below. The answer to this one is sooner than later so we'll know how valid this cycle analysis is by midpoint next year. Also please do not take any of this as investment advice, it's just an observation and should be taken as educational. Thank you for looking and stay blessed! WeAreSat0shi
BNC:BLX
by WeAreSat0shi
2
Bitcoin Today Next Target 30k ? Bitcoin MARKET UPDATE Bitcoin support levels - 19500$ and 19000$ strong Support (Buyers available at this position ) Bitcoin resistance - 20000$ and 20500$ strong resistance (Sellers available at this position ) Market depends upon Bitcoin movement so trade with risk management. We updated you about Bitcoin movement. ——————————————————————— Analysis - BTC Support is at 19500$ and 19000$ Resistance is at 20000$ and 20500$ Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, currently Volume is low and BTC Price below EMA 10 20 50 100 200 Currently RSI is at 27.8 BTC dominance is at 40.57 and Total Crypto Marketcap is at 978Billion
Long
by Waqar212
Bitcoin Dump Big Move Why ? Bitcoin MARKET UPDATE BY Bitcoin support levels - 19,300 and $18,700 strong Support Bitcoin resistance - $20,000 and $20,800 strong resistance ——————————————————————— Analysis - Bitcoin price formed a swing high near the $21,469 level and recently started a downside correction. Fundemental Analysis ______________________________ As Sam Bankman-Fried's FTX witnesses an intensive selloff in its native token, FTT , Bitcoin , Ethereum , and Dogecoin saw $17.37 million in liquidations, or 45% of the total market liquidation, in the past hour. Binance topped the table for market liquidation accounting for $24.30 million in liquidations. Market is very volatile so be careful and trade Safe. Manage your trades according to Market update.
Short
by Waqar212
2
Bitcoin- Will it break down this time?Since June, Bitcoin is trading in a range and for 6 weeks now, the price evolution is annoying, to say the least. After a new dive under 20k in October, the price recovered but, looking at the posted chart we can see that bulls are lacking power and this rally is a dead cat rally. As I was writing this post, Bitcoin lost 500usd and is trading now under 20k. I expect more downside and this time we can have the break under the recent low. Rallies above 20k are to be sold and only a daily close above 22k would change this perspective.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
46
BTC Ascending Wedge BTC & ETH are both in rising wedge patterns, which coincides nicely with the VSA (volume spread) reads I've been getting for the last two weeks when analyzing them. As usual, rarely do we see a direct pullback or rally when these biases have been identified; that would be too easy. Instead count on BTC continuing to draw bull investors and pump riders into the game via micro-rallies, with the intention of trapping them within this geometric pattern when the supply floor suddenly gives way on the cusp of another so-called markup. Beware: the crypto ocean is teeming with sharks. *Be sure to subscribe for more easy-to-follow charts with high win ratios (80-85% average) in hitting the Fibonacci profit zones. I've been trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts & see the wins for yourself. **Not financial advice. Always DYOR and trade at your own risk.
COINBASE:BTCUSDShort
by jalapablo
2
Can Bitcoin Hit 30,000$ in This Week ?Bitcoin MARKET UPDATE 1: Bitcoin support levels - $20500 and $20,000 strong Support (buyers available at this position). 2: Bitcoin resistance - $20,800 and $21050 strong resistance (sellers available at this point) Trade with risk management according to the market updates because market depends upon Bitcoin movement. ——————————————————————— Analysis - As we can see on chart BTC touched 20582 and now trades at 20680. Currently BTC dominance is 38.6 and RSI at 43 and the total market cap is 1.03T. And 1.92% decrease over the last day. So manage your trades according to Market update.
Long
by Waqar212
BTCUSD bottom may be in! Pi Cycle bottom !Every week chart presents a new data and there are more reasons to believe that we already saw a final capitulation. 1. By now, the support´s held and the double bottom is still valid (until it breaks). 2. As we can see in the chart, Pi Cycle bottom indicator suggests that the bottom is in. 3. Moreover, RSI hit its lows in June just before Pi Cycle bottom indicator signaled that the bottom is in and it was also the case in the 2018 when the price found its absolute bottom. 4. Bitcoin Rainbow Price Chart Indicator also shows that it´s a right time to buy now. www.lookintobitcoin.com We expect the price to consolidate for a few more weeks. If double bottom holds, we may not see lower prices and the Parabola will start. Sentiment on social media is still very bearish. Everyone expects lower prices. It would not be surprising if market does not give us a chance to buy cheaper and many people will be left behind waiting for lower prices. Below 20k may be a good price for a long term investment. DCA below 20k !
BITSTAMP:BTCUSDLong
by vf_investment
5
Bitcoin: Down the Rabbit HoleThe future of Bitcoin seems just as unknown as the adventure ahead of Alice in wonderland. It feels like we're currently falling down the rabbit hole and don't know for sure where it's stopping. Primarily, we expect the course to drop further below the support at $17 689. If it continues to drop into the blue target zone between $17 572 - $10 919, the yellow wave (2) should ideally be completed around $16 148 to move out of the blue zone. If Bitcoin finds its way out of the blue zone and heads above the support at $17 689, it should head towards the $22 802 resistance. Furthermore, after touching the $22 802 resistance, Bitcoin will continue to move above $25 200. In the secondary scenario with a chance of 40%, Bitcoin should continue to move upwards if it touches the $22 802 resistance and could climb its way back to the top if it reaches the $25 200 resistance. We'll specify the future of Bitcoin in our upcoming posts.
BINANCE:BTCUSDShort
by MarketIntel
3