Disclaimer: It's been really hard to count the waves since the start of 2023, not helped by erratic political and geopolitical movements. These counts are based on super-basic Elliot Wave rules: - 5 wave movements (3 impulses, 2 correctives) - Wave 2 is never a triangle, often retraces 61.8% - Wave 3 is never the shortest, often the longest - Wave 4 is opp in...
Hello, everyone! Lately, the crypto world has been buzzing with events, and you've probably heard about the latest news from dozens of Telegram channels. Against this backdrop, I've decided to refresh my idea regarding cycles based on the Bitcoin halving principle. In my opinion, we've completed the distribution phase and are entering a new phase that everyone...
~ 7RR. Swing trade with expectation of a break of highs post halving. Entered with 100% of capital.
Analysis .......................................... Good luck!
here is just another perspective from a repeating cycle on Bitcoin chart. I've shared younger chart earlier but it worth sharing it again here.
#Bitcoin distance from Bull Market Support Band As I said all last month, the mark of 74k was our local peak, you can even tell a mid-cycle peak. 📝The geopolitical upheaval was just the last drop of what was supposed to happen. Taking into account the other earlier mentioned facts soon, I do not expect new maximums to be taken, I think it will happen in a few...
Considering Bitcoin's macro wavemap, there's a very unlikely chance that it is in a true impulsive wave. Manual wave analysis and the speed of its advancement in price action compliment each other as indicators of an big, upside, corrective wave being in motion. Similar to the time I suggested that Luna would drop from $80 to $1, Bitcoin now sits in a variation...
(45% probability) Bitcoin is following a path of slowly decreasing volatility which leads me to believe a top around 66,000 is likely (RED). (45% probabiity) However, the market environment is very bullish and that is also adding to bullishness in bitcoin (e.g. Musk/Tesla buying bitcoin) this leads me to also accept the possibility that a more bullish target...
By harmonizing the waves of market psychology with the fundamentals of economic reality,we can unlock the rhythm of the market.. riding the waves of opportunity while navigating the currents of uncertainty... so elliot gives u insight into market psychology in a booming market and deep understanding of economic realities keeps u well grounded. harmonizing both of...
The thesis I will present today will go over the idea that Bitcoin will repeat its first cycle over a longer length of time. There are a lot of theories on where Bitcoin is going next, and it's been interesting seeing so many different perspectives. Every 4 years, Bitcoin follows through with its cycle, and we are now in the 4th cycle. So, what if it repeats the...
Most people are wrong. I think this is more of a correct answer. Given the effects of ETF events in the history of Bitcoin, we should be in the early three waves right now. .....................................................
Whether to reach 200K with a high probability or 170K with a small probability. .......................................
- BTC wasn't created to to make you more rich. - BTC is here to give you more freedom. - P2P ( peoples to peoples ) - Don't look always at trends and just believe in the method and the idea. - we are so early. Happy Tr4Ding !
The March Candle closes with approximately +16%, creating a price structure above the previous historical high drawn in 2021. A very strong signal regarding the long term, this favors the bulls in trying to snatch convenient prices until the short period will allow it by correcting on the most important supports. The last price structure that could act as support...
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...
In this analysis, I endeavor to elucidate the dynamics of market sentiment and investor psychology as reflected in the price action of Bitcoin. Drawing from past interactions and observations on social media platforms, I aim to integrate qualitative insights with quantitative data derived from Bitcoin price charts. By doing so, I seek to provide a nuanced...
Greetings, friends and speculators. Let's take a moment to examine the Crypto King's relationship with the 2-month RSI indicator. The RSI has proven itself as a powerful tool, accurately identifying the exact bottom on three separate occasions. During the bear market lows of 2015, 2018, and 2022, a hidden bullish divergence emerged, signaling the conclusion of...