Elliott Wave Analysis on Bitcoin (BTCUSD)Elliott Wave Analysis on Bitcoin (BTCUSD) Wave (I) and Wave (II) on Weekly Time Frame Starting from the beginning of the Bitcoin chart, the first significant move up in price has been labeled as Supercycle wave (I). This wave represented the initial major bull run in Bitcoin's history, culminating in a peak, followed by a corrective phase, labeled as Supercycle wave (II). This corrective wave ended at the low observed in November 2022. - Supercycle Wave (I): This wave exhibited impulsive characteristics with five clear subdivisions (waves 1, 2, 3, 4, and 5). - Supercycle Wave (II): This was a corrective wave, taking the form of an ABC correction, and concluded in November 2022. Wave (III) on Weekly Time Frame Since the low of November 2022, Bitcoin has been unfolding Supercycle wave (III). This wave is expected to be a major bullish phase, often characterized by strong upward momentum and significant price increases. Wave (III) typically shows the following characteristics: - Strength and Momentum: Wave (III) is usually the longest and most powerful wave in a five-wave cycle. - High Volume: Accompanied by increased trading volume, indicating strong market interest. - Impulsive Nature: This wave should subdivide into five smaller waves on a lower time frame, confirming its impulsive nature. Subdivisions of Wave (III) on Daily Time Frame Within the context of Wave (III) on the weekly time frame, we are currently analyzing the subdivisions on the daily time frame. The current structure suggests the following: - Wave ((1)) of Wave (III): This wave is unfolding and subdividing into five smaller waves. - Wave (1), (2), and (3) of ((1)): These waves have been completed. - Wave (4) of ((1)): Recently completed around April 2024. - Wave (5) of ((1)): Expected to breach the all-time high to confirm the start. Current Status and Invalidation - Current Status: Bitcoin is potentially in Wave (5) of ((1)) of Wave (III), which needs to breach the all-time high for confirmation. - Invalidation Point: If the low of April 2024 (where Wave (4) finished) is breached, this would invalidate the current count. It would suggest that Wave (4) is still unfolding, possibly as a double correction. Characteristics and Structure of Wave (III) 1. Wave ((1)): Typically the smallest wave but should be identifiable as a five-wave move. 2. Wave ((2)): A corrective wave, usually retracing between 50% to 61.8% of Wave ((1)). 3. Wave ((3)): Often the largest and most powerful wave, usually extends to 161.8% of Wave ((1)). 4. Wave ((4)): Another corrective wave, typically shallow, often retracing 23.6% to 38.2% of Wave ((3)). 5. Wave ((5)): Completes the impulse sequence, may extend or truncate but should be a five-wave move. Conclusion The Elliott Wave analysis on Bitcoin (BTCUSD) indicates a bullish market ahead, driven by the development of Supercycle wave (III). This analysis is based on the assumption that the low of April 2024 will hold, confirming the end of Wave (4) of ((1)) and the start of Wave (5) of ((1)). If this low is breached, the market might still be in Wave (4), unfolding as a double correction. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing. Long11:12by RK_Charts1
Dia is waiting for 210%#1 First target is 10% in trendline hourly "In case of a breakout, we are going to 2nd target" #2 Second target is 40% in trendline daily "In case of a breakout, we are going to 3rd target" #3 third target is 210% in trendline weekly In your responsibility. Longby MoAliHu1
Ethereum (ETH): 2 Fakeout Moves = Potential Breakdown MovementEthereum has been struggling to breakout from the local resistance zone, where the price has formed a nice two-fakeout zone, which can also be seen as a double-top pattern. Now that we are looking for further movement below that resistance zone, we will be keeping an eye on the neckline zone, which we will touch once we see a full breakdown from that resistance zone! Swallow Team Shortby SwallowPremium112
Ethereum (Elliott Wave)Hello friends In the Ethereum currency, we see the formation of a very clear Elliott Impulse pattern, which consists of waves 1, 2, 3 and 4. Wave 1 of 5 has also been completed and we expect the price to grow to the range of $4100. Of course, the first goal is $4100 and the second goal can be $4300. Be successful and profitable. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Longby M_Gheysvandi2
Bonfida (FIDA) - To the moon.On he above 4-day chart price action has corrected 99% since $9 in 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms the 21-week EMA. 3) The falling wedge breakout confirmation may now be used to forecast the market top for this alt.token at 6000% from the lows. That’s just shy of $10. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Timeframe for long: This week. Return: 2500% from current levelsLongby without_worriesUpdated 242442
The 3 Step Rocket Booster Strategy In Crypto TradingNow when you look at this chart you can see that the price is at a resistance level after a double top - this double top is what gives the look to the price chart like a rocket. Now am going to show you the rocket booster strategy on this chart and it is as follows: Step 1- The price is above the 50 MA Step 2- The 50 MA Is Crossed above the 200 MA Step 3- The price has gapped above the MA's This is the rocket booster strategy now you need to learn more about market psychology but this is not what this article is about this article is about introducing you to technical indicators in order to give you the ability to analyse trends. Remember to rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money wether you like it or not, please learn risk management.Longby lubosi2
FLUXFlux has entered the buy zone and it is target can be more than 1.20 double profitLongby Tdawly_Official1
CHZ looks bearishWarning: Do not enter the position without trigger and confirmation and trading setup. In the previous analysis, we explained that CHZ is located in a large diametric and only one G wave is located in this large diametric. With the sharp correction that was done, it seems that this G wave correction is a 5-wave (triangular) or 7-wave (diametric) correction. We have specified the drop targets ahead of us on the chart. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank Youby behdarkUpdated 117
Bitcoin Retest Long 73000$Bitcoin retested $72,000 from the previous $62,000 price and reached a cup position. What happens now? We now know that $73,000 will test the price. But I can say that it is too early for the price to rise. We are in no hurry, we have time. So we are looking for an entrance. Entry Target on Long: 62.300$ Stop loss: 60.000$ Teyk Proff 1: 66000$ Teyk Proff 2: 73000$Longby mmakerinvestUpdated 118
"Ethereum (ETH) Sell Guide: Strategies to Boost Your Returns""In this video, we'll explore effective strategies for selling Ethereum (ETH) to maximize your profits. Whether you're a seasoned trader or just starting out, these tips will help you navigate the market with confidence. Watch till the end for expert insights and don't forget to like, for more trading strategies! #Ethereum #ETH #CryptoTrading #SellEthereum"Short01:15by muntishabuilderUpdated 223
VGX NEW INCREASE VOLUMEVGX shows an unexpected trend increase which could be confirmed in the coming hours. At this moment is VGX one of the coins that shows extra effect Trend follow will be below with updates.Longby SatochiTraderUpdated 4
FTTUSDT UPDATE#FTTUSDT(Update) Hey dear traders. Hope you are enjoying analysis with our team. we are here to analyze FTTUSDT today. FTT has Successfull Breakout Done in 1D time frame. Expecting 30%+ profit so far🚀 Longby ELENA_CRYPTO_SIGNALS1
Btcusd Btcusd am expecting a bearish movement cause price broke and retest so we expecting price to move down Shortby Greatvic0011
BNBUSDT. Trading opportunityOn the daily timeframe, the sideways movement that began in March continues. Yesterday, the seller pushed the price back below the upper boundary of the range at 645.2. The closing candle had a good spread and volume, confirming the seller's strength. The current seller's vector is 9-10, with a potential target at 508. The nearest obstacle for the seller is at 586.5. The price is close to 50% of the last buyer's impulse (608.8), from which a buyer's movement might start. On the hourly timeframe, there is a short-term downtrend. The last seller's impulse started at 653.7, and a seller's zone has formed at the base of this impulse (indicated by the red rectangle on the chart). It is preferable to look for selling opportunities in this seller's zone (645-654). However, the price may not return to this zone. Currently, selling opportunities can be sought if the seller defends the level of 645.2, as an idea to realize the seller's vector 9-10 within the daily timeframe range. There is no context for buying at the moment. by AlexeyWolfUpdated 1
Bitcoin (BTCUSDT) Technical Analysis on BinanceBitcoin (BTCUSDT) Technical Analysis on Binance General Context The BTCUSDT chart on Binance shows a long-term ascending channel. The current price is within this channel, indicating a continuous upward trajectory with future projections based on key resistance and support levels. Indicators Used Exponential Moving Averages (EMA): Indicators of short, medium, and long-term trends. Fibonacci Levels: Used to identify key support and resistance points over time. Identified Patterns Ascending Channel: Indicates a long-term upward trend. Future Price Projections: 240,000 USD: Projected price level within the channel. 1,410,000 USD: Projected price level as a very long-term target. Support and Resistance Analysis Supports: 90,000 USD: Main support based on the ascending channel. 40,000 USD: Additional support in the middle of the channel. Resistances: 240,000 USD: Future resistance within the channel. 1,410,000 USD: Extreme projected resistance. Possible Long Entries and Targets Main Entry: Entry Point: 100,000 USD (near the support of the ascending channel) Targets: Target 1: 240,000 USD (key resistance of the channel) Target 2: 400,000 USD (potential extension) Stop-Loss: 90,000 USD (below critical support) Justification: Entry based on the expectation of the continuation of the long-term upward trend. Additional Analysis Long-Term Strategy: The ascending channel suggests a long-term strategy with significant targets, considering future projections. Risk Management: It's crucial to adjust stop-losses as the price approaches the projected targets to protect the invested capital. Conclusion The BTCUSDT chart on Binance suggests a strong long-term upward trend. The proposed entry and exit strategies are based on key technical levels within the ascending channel, providing a high potential return investment approach. Strategy Recommendations Continuous Monitoring: Continue monitoring the price behavior within the ascending channel for necessary adjustments in strategies. Risk Management: Maintain proper risk management with well-defined stop-losses to protect capital in case of unexpected reversals. This analysis provides a clear and detailed view of long-term opportunities in the BTCUSDT pair, enabling informed and strategic investment decisions.Longby RaffDN1
bitcoin update this is my bitcoin idea where i still expect more upside but would trade based on reaction at resistance. at the moment we are still making bullish market structure, going below 60k would make it more bearishby Trader_Polo2
DUMP These LOSER ALTCOINS (•_•)This post is not aimed at meme coins but instead at projects that were once titans in the crypto space, or coins that just didn't live up to their fundamental promise. I'm not saying you can't win with these coins, you can obviously win with any coin if you swing trade when there's volume. This post is more aimed at bag holding - and the future prospects of your investment. 1) HBAR Unfortunately, HBAR had a great idea but didn't succeed in securing market dominance. The other factor to consider here is that HBAR was never created to be a speculative coin, but instead to be used on the native blockchain in software solutions. Similar to XRP, this makes me wonder if the team just used the asset for liquidity to finance business projects. 2) XRP Ahh, Cripple. Love to hate it. This one needs no introduction. Foul play and forever unable to reclaim it's status as a trust-worthy asset. 3) LTC I've been bullish on Litecoin for a long time... perhaps too long. Made some profits on it, but I'm afraid the higher TP points aren't looking reachable any time soon. Similar to CRV, it's healthy to know when to jump a sinking ship. Both have evolved way past their original form and there is just no use case that could justify new ATH prices. 4) ADA I've said it before, and I'll say it again - I don't have faith in altcoins (NOT TALKING ABOUT MEME COINS) that lose more than 85% of their ATH. I'm more specifically referring to the titans/giants. Rugs these days could do -99% in a day - that's not what I'm looking at here. These were projects that boasted loud about their fundamental usecase and set ridiculous targets for itself. (Remember how Chris Larsen said XRP CAN'T be under $1?) Welp, he's not the only one that oversold his coin and took the market for a fool. 5) ALGO I'm divided on this one. Perhaps if you give it your best shot, you may still change my mind. But the chart looks terrible - nowhere near previous ATH and shows no sign of getting there any time soon, either. You can really see how these coins got left behind if you compare them with Bitcoin. Overlay any of these with the BTC chart, and you get something similar to this: Again, you could swing trade these - but bag holding and hoping for better days are counterintuitive to the fast-moving pace of cryptotrading. Make sure you follow to receive the latest updates! ______________________________ BINANCE:HBARUSDT BINANCE:XRPUSDT COINBASE:LTCUSD BINANCE:ADAUSDT COINBASE:ALGOUSD Shortby CryptoCheck-Updated 8819
USDT Dominance in Daily TimeframeUSDT Dominance Update: The USDT dominance chart shows a symmetrical triangle pattern, suggesting a potential breakout in either direction. Currently, it is facing a resistance at 4.8% and if the resistance stays strong then a 7% rejection is likely possible. Key Levels to Watch: ~ Resistance around the 4.80% level. ~ Support around the 4.50% level.by Dexter_The_TraderUpdated 4
Strategic Bitcoin Long Positions Amid Market FluctuationsHi everyone, so we had the dip, Bitcoin is lower, it came close to the 64,800 which was big support after the 66,200 was lost. But this is an entry for me, and I've been trying every step of the way to find support to go long. You see, once you pick a direction, it's better to keep your direction, and if you're long, stick to long positions. We've attempted many long positions, and while some went into the middle, they provided opportunities to secure some profit or at least move the stop loss at entry. This could be the big one, and the targets I see are 67,000 and 68,700, which is the top of the channel, and then 71,860, which will be the third attempt. We got rejected twice at that level, first in May and then on the 7th of June. I expect the third and crucial attempt to happen sometime this month. If that level is breached on the third attempt, we could skyrocket to 79,000 and even 80,600. Nobody said it's easy, guys. Unlike last year when we bought from 16,000-18,000 and everything went well, we now have to navigate through more complex conditions. Although the Feds haven't cut rates yet, we have eased inflation and the Ethereum ETFs coming up, providing good reasons to expect Bitcoin to go back up higher. The Nasdaq is at a new all-time high, and Bitcoin should follow. So I'll stick to the main structure and keep buying. If Bitcoin starts an epic rebound today, we could be heading towards 95,000. Again: There is support now (very close) at 65,300, which was lost and regained very quickly, making it a trade with the stop loss just below that. In the worst-case scenario, 64,800 is still support. I'm long here, and once you pick a direction, stick to it. It might be tiring, but it's essential to stay alive and be able to trade again. Spot trading is different, but for leverage trading, have a daily limit or budget in bullets. When the market fails but you see support or a good entry, buy in again and fight. We never die; we never go down, and we stick to one direction. It does work, and the analysis says Bitcoin long. That's what we do. One Love, The FXPROFESSOR 💙Longby FX_ProfessorUpdated 2216
Is a 10X too much to ask for?LTCBTC will turn around at some point and it looks like the price has been trying to bottom. I'm long Litecoin even though LTCUSD looks terrible. Longby WcDonalds2
USDT.D Logarithmic Trend Compared to Bitcoin TrendIn the long term, USDT dominance is in an uptrend. Within this trend, it often rises slowly, suppressing Bitcoin and altcoins, sometimes sideways, sometimes causing price declines. Then, with the sudden drops that follow, it puts Bitcoin and altcoins into a very sharp bull season. Right now, USDT is in an uptrend. I think that Bitcoin will enter a sideways channel as long as USDT remains in an uptrend. After this channel, a drop in USDT will put Bitcoin back into the bull season.by YavuzAkbay1
Binance Coin (BNB): Possible Crash of BNB/USDTBinance coin is back inside that tight triangle formation after forming a fake breakout attempt on the upper zones. As we are back at the formation, we are now looking at both 100 and 200 EMAs, which are the next zones that will be re-tested. As soon as we break down from the formation, we might enter a freefall zone! Swallow Team Shortby SwallowPremium2