After the crash on the 3rd December Bitcoin has retested the 200sma just below the 50% fibs, since then BTC has failed to break above the 61.80% fibs @ $53,253. For the past 10 Days since the crash BTC has been consolidating in the whale accumulation zone...we have now broke below this zone and if we fail to break above the 50% fibs we could see BTC fall to the...
Bitcoin seems still in bearish scenario as you can see at Timeframe 4 Hour, show head and shoulders pattern (bearish) and bitcoin failed to break EMA 200 at Timeframe 1 Day. The last support area around 39812 - 41183 price. You can take short position and take profit there with stop loss around 49355. Watch your money management and do your own research before...
Many members of the community have asked me to look into greater detail at the popular analysis I made about 10 days ago that partially looked at Bitcoin's RSI pattern on the 1W time-frame in relation to the current market structure and that of mid 2020: Well, you were right in doing so as by expanding this pattern and elaborating more on the similarities of...
Hello everyone, In this video, I dive into the least price action of bitcoin. I use different indicators such as moving averages, Elliott wave counting and oscillators. I also explain why I changed my Elliott Wave counting and my opinion on this current BTC trend. If you like it, don't forget to FOLLOW ME, SHARE, LIKE AND COMMENT
Now that Bitcoin has broken the 0.618Fib we can go over the second path evolving for Bitcoin , in my previous TA I went over the idea of a V shape recovery like Covid March 2020 or a much longer recovery coming down to 0.75 Fib , it now seems highly unlikely that we have a V shape recovery and the idea of lengthen cycle theory seems more likely. This analysis is...
Hello Everyone, I present here two possible scenarios. As an Elliott Wave theorist, you need always to have your most probable wave count and then some alternative on the side. My first scenario was back in May through July. We had a zigzag and then followed by the new wave 5, which has been invalidated. These are now my two most probable scenarios. The first...
Hello, Some of you may recall back in sep-oct I was calling the breakout of this pennant/iHnS/Cup n Handle (depending on your view, many patterns can be found in one). I was calling as a target 72-73k. We felt short of 3k from the target. However, that s not important. What is important is that this looks like a bullish retest of the pattern for now. This makes...
Long-term charts tell the truth. Especially on Bitcoin they tend to be particularly accurate. Its historic long-term patterns on the logarithmic scale have never been invalidated to this day and show that each cycle shares more characteristics than not with the previous ones. I don't need to re-post the countless log charts on its historic growth curve that...
I won't be dwelling too long on this as it is just an idea I have developed between yesterday and today. However, MAs are used as dynamic supports and resistances during bull and bear markets. When multiple MAs are spread out clearly, the underlying trend is strong. When they are squeezed together, high volatility is imminent, and when they are crossing each...
Hello everyone, Today I bring you some good news. I laid out the catalyst for our next move in this simple chart. Bears are soon to be reckt. As you can see here, BTC is following the path of October. There is a hidden bullish divergence on the daily and a few similarities to October. You can appreciate the rsi has been suppressed at the resistance trendline....
Hello everyone. First of all, I want to thank you for bearing with me during the unexpected. Although this last flash was a bloodbath that led to 3billion in realised losses in the market, there is a lesson to be learned...Why not treasure it? You probably paid for it during this crash if you were in the market. 1 - As traders and investors, we get drawn in...
Since October the 12th with this TA below I have been talking about the importance of Bitcoin testing the top of the 8/1 Gann ratio as support for the perfect setup , nearly every single time in history on a macroscale when Bitcoin breaks the 8/1 Gann it will come back down and retest it as support before going higher. Bitcoin broke the 8/1 Gann October 5th by...
So. Bitcoin is down -40% from the November 10 High (and All Time High (ATH)) and once more the market is on full fear mode. This is not the first time we have come across a sell-off like this, in fact we can argue that such big pull-backs are a necessary process during a long-term bullish trend and have historically paved the way to even stronger and more...
Bitcoin correction same like my analysis. Here is the strong support to reversal. Bitcoin correction finally touch Fibonacci area 0.618 (51627.94) and touch the strong support area around 51k-53k. It indicate the support and reversal. Bitcoin need to make higher low and fill the gap that's why there is correction there. Wait for break out to take long...
Seem like BTC will correction until the support around 51.000-53.000 to fill the gap and make higher low also match with Fibonacci 0.618 support area. Still in Bullish Scenario but for now is correction time. Wait n see confirmation before take position.
Based on previous tops and the current extended cycle, I am expecting BTC to top around June end or early July 2022. SL below 52500. I will ride the trend :)
Hello everyone, I know you are all impatient as me...Lately, BTC has been boring. As you can appreciate, we have now fully broken out the descending wedge, and BTC has been retesting the previous resistance at 55. It may still be testing it for the next day or so as the S&P 500 is also consolidating around the current area at 4550 after all this Omicron nonsense....
Bitcoin has lately taken a pause on its monthly rally that followed the July bottom, and what better time to look at some highly accurate old models and work around them to produce projections. This is what I've done on today's idea, I've basically extended a high precision technical pattern of May 2019, which was extremely accurate at predicting the March 2020...