Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests it is currently doing a pullback starting from 1.11.2024. The decline is taking the form of a zigzag Elliott Wave structure. Down from 1.11.2024 high, wave A ended at 41339 and wave B rally ended at 43577.69 as the 1 hour chart below shows. Wave C lower is currently in progress as a 5 waves. Down from wave...
Heavy short selling, borrowing Bitcoin from HODL’rs who eventually capitulate. No helicopter money lets from retail side. High transaction fees discourage retail money. Blackrock makes immense profits from retail buyers until retail gives up hope then blackrock start buying again and paying for youtube millionaires sat by the pool to promote buying nothingness and...
Energy is on the bear side at the moment from momentum as well as from the volume.
The main confirmation indicator on 1W is heading toward 0 and other vital time frames (1D, 3D, and 4D) have already crossed zero, indicating a downward trend has *formed*.
As to how I set the targets for reentry for the long bull? - it is just a modern indicator.
Targets are...
Sharing this update from Jan 23rd with the community here
"Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now.
Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm.
The next support target is at ±36k (38.5k was hit), followed by ±34.3k
The main target is at...
In a groundbreaking development, Google is set to revolutionize the cryptocurrency advertising landscape by allowing Bitcoin ETF-related ads to hit screens from January 29, 2024. This move comes after Google's recent amendment to its advertisement policy in December 2023, aimed at providing clearer guidelines for promoting cryptocurrency Coin Trusts.
The initial...
Buy Bitcoin only when u see a closing above 40277 on hourly basis and higher high formation. Go short on bitcoin only when it closes below 39618 forming a lower low on hourly basis. Until either of these two things happen dont trade BITCOIN.
Buy Bitcoin: if the first condition is satisfied then the target for Bitcoin on buy side is 41533
Short Bitcoin: If the...
We're trading sideways, fundamentals direct us to a bearish position for now.
But let's not miss out on a potential trade setup. I am confident with this setup.
Place your stops, and let's ride!
I gave you the bottom + the option to TP at 30K. This is my next play. No further comments. Following 2015 PA with brutal chop market kicking out a lot of market participants. Pump into Halving and then the usual halving dip. Do not expect big returns.
Have fun!
In this video, I will be sharing my BTCUSD analysis today, by providing my complete technical and on-chain analysis so you can watch it to possibly improve your crypto trading skillset.
This is just a test to check some support resistance possibilities.
different possibles scenarios..
Some of them are already discarded, but it still shows the different paths.
A popular market saying advises to buy the rumour and sell the news. Much of the debates prior to the Bitcoin Spot ETF approval centred on the question whether the eventual approval will turn out to be such a sell the news event. With Bitcoin's drop to below $40k, after a brief peak when it touched $50k, the ETF rally has clearly run out of pace. At least in the...
Hello TradingView Family / Fellow Traders,
🖇Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support.
What's Next?
📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull...
Good morning ladies and gents. Been a minute since I've shared anything. Lets see if I still have an eye for a good waterfall. Best of luck. May the charts forever be in your favor!
