👋Hi, I hope you have a great weekend. 📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will...
👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy). ✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading...
🏃♂️Bitcoin is moving near the 🔵 CME Gap($40,325-$39,290) 🔵 and Support line . 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its 5-wave downtrend near the support line. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to Go UP at least until the end of wave 4 and at the next target of...
✅Bitcoin moved as I expected in previous posts and was able to touch the upper line of the Ending Diagonal again ( MicroStrategy helped in this movement by buying $600 million of Bitcoin). 📚The Ending Diagonal Pattern ( Elliot's point of view) is the same as the Rising Wedge Pattern ( Classical Analysis point of view). 🌊According to the theory of ...
💡Bitcoin tried many times to break the 🟡 Price Reversal Zone(PRZ) 🟡 but failed every time. 🌊In terms of Elliott wave theory , Bitcoin seems to have found microwave 5 of the main wave C at the 🟡Price Reversal Zone(PRZ)🟡 and the upper line of the Rising Wedge Pattern . 💡One of the confirmation signs of our wave counting can be the presence of Regular...
The current analysis of BTCUSD suggests a discernible momentum shift, indicating potential trading opportunities. Our proprietary indicator, Cristallu ( w.aritas.io ), reinforces this observation, recommending entry points at 37,700-37,800. This strategic entry is accompanied by a Take Profit (TP) target at 40,500 and a Stop Loss (SL) set at 0.23% of 37,800. It's...
BTC/USD (weekly) has been labeled within a Cycle Degree wave III starting point. Cycle Wave II (black) has been called as the bottom during Dec 2018, unleashing the Crypto Bull Market. Primary (2) (green) hit the bottom in December 2019. Cycle II (black) Structure - Double Flat Dec 2017 peaks and down until Dec 2018 bottoms - Cycle II (black) Primary 1 (blue)...
After encountering significant resistance near the 38,000 level, BTC showed resilience by rebounding from its established support zone around 35,000 📉. However, this rally was short-lived as it faced a setback at the 100 SMA line, redirecting its course back to the 35,000 region 🔄. The sustainability of the 35,000 support is now a critical factor for Bitcoin's...
✅As I expected in the previous post, Bitcoin was able to make a new top (although the price difference was very small). ❌Bitcoin failed to break the 🟡 Price Reversal Zone(PRZ) 🟡 and Important Resistance lines in its second attack. 🌊According to the theory of Elliott waves , the new top that Bitcoin created tells us that the main wave 3 is finally...
💡Bitcoin is trying to break the Descending Channel during these hours. 💡Also, for the second time , Bitcoin is trying to break one of the important 🟡 Price Reversal Zone(PRZ) 🟡. 🌊According to the theory of Elliott waves , if the descending channel breaks validly, we can confirm the end of microwave 4 of the main wave 3 , otherwise microwave 4 can have...
💡Bitcoin is trying to break the 🔴 Resistance zone($35,280_$34,830) 🔴 for the umpteenth time, but it seems that it has not succeeded (We will witness the second 🐮Bull Trap🐮 , most likely). 🌊According to the theory of Elliott waves , Bitcoin is currently in Corrective waves , and the main wave 3 is also Extended . 🌊Bitcoin seems to be trying to complete the ...
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($35,300_$34,800) 🔴. 🌊According to the theory of Elliott Waves , Bitcoin seems to be forming a Double Three Correction(WXY) . 📚Also, from the point of view of classical technical analysis , it is also possible to form a Rising Wedge Pattern . 🔔I expect Bitcoin to start rising again after hitting the lower line...
👋Hi, everyone. I hope you had a great weekend. 🧐During the last week, we have seen that Bitcoin has an upward trend , but the question is how long this trend can continue and where my wave count scenario can change. 🙏So stay with me. 🏃♂️Bitcoin is currently moving near one of the important 🟡 Price Reversal Zones(PRZs) 🟡 and slightly above the Resistance...
✅Bitcoin seems to have succeeded in forming an Ascending Broadening Wedge Pattern . 🌊Regarding Elliott waves , corrective waves in the Ascending Broadening Wedge Pattern follow the Double Three Correction structure(WXY) . 🔔After breaking the lower line of the wedge pattern, I expect Bitcoin to fall at least to 🟡 Price Reversal Zone(PRZ) 🟡and break the 🟢...
After the short-lived spike under 25400 horizontal support (also for a very short time under 25k), Bitcoin started to reverse reaching the 27.500 mark. A new drop followed, but buyers sustained the price at 26k. At this moment a possible higher low could be in place and, in the short term, we could see more upside. That being said, I'm looking to buy dips in...
✅Bitcoin has been responding well to my 🟡 Price Reversal Zone(PRZ) 🟡 for the past few days. 🌊According to the theory of Elliott waves , Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y . 🔔As a result, I expect Bitcoin to make a new high (slightly above PRZ ) and then start to Fall again. The target of...
September is the worst month in history of bitcoin, its a month that all Bears order Lambo! While Shorts continue to stack into the weekend, expecting some kind of move around US Futures open and into Monday EU session. low whale order volume, the accompanying order book chart showed a lack of bid liquidity overall, with $25,500 gaining only modest interest. The...
🌟Bitcoin managed to form a Shooting Star Candlestick Pattern in 🟡 Price Reversal Zone(PRZ) 🟡. 🌊Regarding Elliott waves , it looks like Bitcoin is completing the Double Three Correction waves (WXY), although I have another wave count for wave 4, which again points to Bitcoin falling . 🔔I expect Bitcoin to Fall near the Support line . ...