This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Many ideas claim through a pattern that a descending triangle will bring a big BTC fall. I have no doubt this is a smart money bluff. If I had to pick from a pattern and price action, I’d go with price action, it weighs more. Learning patterns is one of the basic elementary teachings, we learn in trading. Which is good I’m not against it, but I would rather use...
A pull back from edge to edge would coincide with the last bull run during covid when we had a retrace through the cloud after the first leg up out of the bear market Long term Bull, Look at this as potential entry
Bitcoin is currently making lower highs. I’m expecting it to continue going low and hence, I will be selling. Note: I’m still learning
Historically, Bitcoin halving events have been associated with bullish sentiments as the reduced supply often leads to increased demand. The principle of scarcity, inherent in Bitcoin's design, tends to drive up prices as the market adjusts to the diminished rate of new coin creation.
There is a possibility of a deep price correction between 22,000 and 18,000
Bitcoin continues to gyrate within the Wave 4 price structure, which implies there is one more leg higher before probability favors a broader correction. Along with that, there is a buy signal in effect now (the break of the 42,600 inside bar high). This signal appears at a relevant level (off 40K support) and IF momentum follows through, has potential to test the...
So many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto. 1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside. 2. Range: Price needs to reclaim the Median level (white dotted line) for more upside. 3. Trendline: Price needs to reclaim the Trendline...
Hope everyone has a happy new year's eve today! All the best for the year to come, it's gonna be a good one, I'm sure of that. Massive opportunities are setting up in most markets, you just have to pay attention and be on top of low risk setups. I know I will do my best to do this, join me if you wish to tag along. Best of luck. Cheers! Ivan Labrie.
Elliot Wave Analysis for BTCUSD as of June 29 2023. Predicts the most Likely Scenario based on the current waves completed.
Most likely scenario since we already have wave 1 and 2 and also wave 1 of 3 and 2 of 3 (sort of invalidated/rarified the 423% target. 161.8% is also not too probable now but definitely a considerable scenario.
"In the current BTCUSD market, a bullish trend is underway, with a specific target set at $47,477.50. The optimism is grounded in the anticipation of a revisit to the previous high of $47,477.50, as it has been successfully targeted before. The analysis suggests a risk level at $41,697.61 as the market strives to reclaim and surpass the established target."
This is a 1:1 sell setup but this trade is more likely to win. I'm using 2 bearish confirmations to decide on this sell trade. 1.) Break below the ascending support 2.) Bearish Strength with RSI
BTC/USD is fundamentally a long bet, but I suspect some more selling. The RSI has significantly diverged down as the BTC gained momentum meaning buyers are losing steam. I would expect at least a pullback to the 50MA as the main level to watch. BTC also showed a similar RSI divergence in the beginning of 2023. The oscillators confirm the downward movement.
Bitcoin is consolidating between support and resistance levels. The market is likely to retest the resistance level and possibly the channel border. We expect a retest of the resistance level or a sideways move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
1 week chart squeezed into 3 days to get a broader look. 1. POC: most visited by BTC 2. Contractions: created by smart money, a magnet must visit & re-visite 3. Inducement: history and hidden pivot forecast 4. Future forecast: BTC volume and will re-visit, Will focus on these for now 5. OB: Bear is waiting to wage war against BTC traders 6. Red arrow pointing...
I was reading another trading book today and much like watching the dumb money movie the other day, it prompted me to write another post. So, you may have heard the expression "the market is an Algorithm" whilst this is somewhat true, it's actually more a sequence, Ralph Elliott, Richard Wyckoff and Edward Jones knew this. In simple terms, the larger operators...