Bitcoin where is bottom? - Levels to watch for BTC
Took while to publish new idea because of some private stuff and very busy with with making better improvement with @HeWhoMustNotBeNamed on our scripts for Harmonic patterns.
Couple is reason why I post here and now is just to publish again on TV some public TA. Maybe I'm wrong this time, maybe bottom is far away or BTC already make bottom (it's in zone what I publish and talked with some of my friends year ago). But this is some levels and possible EW what I looking atm.
Back in January 2022 when most "influencers" post moon charts here and on social media I replay to some of tweets that I not agree with new ATH before we see good correction.
On screenshoot above that is tweet when I tweeted with some friends.
First I want to share here monthly chart and level what is interesting to me. That is 13880 (on Bitstamp exchange). Back in December 2017 that is level where candle close (January 2018 open or yearly open). We can see after 547 days or 17 months or almost year and half, we tested that level to tick and get hard rejected (almost tested last low (drop to 3850 and most mention bottom was 3122.28). Later Oct' - Nov' 2020 when finally Bitcoin reached again that level and broke BULL run started.
Like I mention on Tweeter (like you see on first screenshoot) I was wondering what can be Elliott Wave for this scenario if we get there and broke under last bull run (19666 back in 17 September 2017). This is what I guess atm is possible EW count.
I have two possible scenario for diagonal ending (because of some important levels (little bit more zoom on last part of diagonal ending and levels to watch).
One very important thing is what I'm not very positive for this TA is rest of market (looks to me still alts need to go more down, BTC dominance is low, need to go more high) but maybe for sake of bulls I'm right and soon we'll see some push up. Be careful.
REMEMBER
▶ You don't need to catch bottom, you can always wait for confirmation (if this is bottom will be nice bull run and you can buy on pull back)
▶If you are holder (not trader) always is good idea to add in your portfolio on some specific levels instead to buy all in just one level (keep in mind to have Stop where is your idea invalid or you can be bag holder, what I tweets a lots of time on top for ALTS, they are now 70 -95% drop).
Stay safe and good hunting
Couple is reason why I post here and now is just to publish again on TV some public TA. Maybe I'm wrong this time, maybe bottom is far away or BTC already make bottom (it's in zone what I publish and talked with some of my friends year ago). But this is some levels and possible EW what I looking atm.
Back in January 2022 when most "influencers" post moon charts here and on social media I replay to some of tweets that I not agree with new ATH before we see good correction.
First I want to share here monthly chart and level what is interesting to me. That is 13880 (on Bitstamp exchange). Back in December 2017 that is level where candle close (January 2018 open or yearly open). We can see after 547 days or 17 months or almost year and half, we tested that level to tick and get hard rejected (almost tested last low (drop to 3850 and most mention bottom was 3122.28). Later Oct' - Nov' 2020 when finally Bitcoin reached again that level and broke BULL run started.
Like I mention on Tweeter (like you see on first screenshoot) I was wondering what can be Elliott Wave for this scenario if we get there and broke under last bull run (19666 back in 17 September 2017). This is what I guess atm is possible EW count.
I have two possible scenario for diagonal ending (because of some important levels (little bit more zoom on last part of diagonal ending and levels to watch).
One very important thing is what I'm not very positive for this TA is rest of market (looks to me still alts need to go more down, BTC dominance is low, need to go more high) but maybe for sake of bulls I'm right and soon we'll see some push up. Be careful.
REMEMBER
▶ You don't need to catch bottom, you can always wait for confirmation (if this is bottom will be nice bull run and you can buy on pull back)
▶If you are holder (not trader) always is good idea to add in your portfolio on some specific levels instead to buy all in just one level (keep in mind to have Stop where is your idea invalid or you can be bag holder, what I tweets a lots of time on top for ALTS, they are now 70 -95% drop).
Stay safe and good hunting
Comment:
Just forget to post chart for that Cypher harmonic pattern what I posted back in January. BTC is already in Cypher PRZ (Cypher is one of harmonic patterns what is appears in 1-2 of Elliott waves fractals, deeper retracement)
Comment:
Can bulls break here or we'll see strong rejection? At the moment 90% CT call "BTC find bottom". If this is not bottom, least I hope in worst case Bitcoin will find support on bottom of wedge instead break below to next support (9.5k - 10.4k).