BTC/USDT Day Chart THE Bitcoin pattern Descending triangleWe fall far from here all the way to 3800. We will bounce off key support levels which I will post following this chart. You will see we are finished up a descending scallop and am falling from here. Watch your alt coins as BTC falls to its support levels. As it enters HCR (Horizontal Consolidation Regions) we will see pumps from alts so keep an eye out to catch some of those for some quick scalps,but don't over stay your welcome. Its also advised to get out of any shorts on BTC and avoid trying to long the HCR's as they will chop you up and spit you out very easily if you slip up trading the waves. It is important to remember that everything involved with these charts are fractals. Given this information you then determine the overwhelming pattern. Whatever market direction is associated with a certain pattern you can then see it echoed in the sub patterns. You see this when you see the descending scallops within the descending triangle. A lot of money to be made on this drop be careful keep to your rules. if you like the content throw me a like and follow me for great ideas.
Btc-short
Bitcoin Will Melt Once Again!!Hello Traders. I know most people think Crypto is about to make a major rise right now, but I'm seeing a few Bearish sentiments that say other wise. Bitcoin recently lost some bullish momentum testing some MA's and a Daily Zone. After recent bearish engulfing, price failed to rise back above a few key levels including the median of the engulfment. I predict a bleed out towards the Daily Pivot Point. If close under that occurs, I predict more bearish movements to the downside near my -61% Fib Level. It is possible for Bitcoin to dip back under $10,750, but no guarantees on that yet.
What Are Your Thoughts On Bitcoin??
All Likes & Comments Are Appreciated!
BTC SHORT ELLIOT WAVE THEORY
Hello, just have done some elliott wave analysis. If we hit the top (yellow resistance), we could go down and follow the red channel. RSI looks like double top with 5th wave's top, so it seems that B is top. If trend will follow the channel, we could exactly bounce up at these levels. Hope this helps.
Thank you.
M.
MASSIVE SYMMETRICAL TRIANGLE BREAKOUT SOON ON BTC!WE CAN SEE THAT BITCOIN CURRENTLY IS MOVING IN A SYMMETRICAL TRIANGLE;
BULLISH BREAK-OUT PRICE TARGET: AROUND $ 13600
BEARISH BREAK-OUT PRICE TARGET: AROUND $ 7600
ATTENTION! THIS IS THE BLX CHART, THIS CHART COLLECTS ALL OF THE EXCHANGE PLATFORMS PRICES TOGETHER AND MAKES AN AVERAGE OF THIS.
I SEE SHORT BTC 1 TARGET TEST ZONE 10380I SEE SHORT BTC 1 TARGET TEST ZONE 10380
2 TARGET 10200 ZONE
3 TARGET 10100 ZONE
4 TARGET 9955 ZONE
5 TARGET 9615 ZONE
BTCUSD SHORT Hey.
Wave analysis and support levels indicate that Bitcoin and the entire market behind it will face a strong correction to the 7800-8000 area. After that, a strong rollback or flat is possible for several weeks. The second option is a hike to the first support level of the 9300-9500 area, after which the growth will continue.
The lend come back to earth.Plant the flag on the moon and come back please.
Need correction you are.
Short time with bearish divergence !
BTC stuck in a range, hl short LIVE trade set upDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Ok guys BTC is approaching the resistance of a range, SHORT 440
Entry: 390-440 SL: 440 TP1: 10k TP2: 9.8
Repeat of (March 2020) possible ~ $6000 to downside (yearly top)-Yurlo
Please hit that like button for creating this interesting fractal from March 2020 👍
Here's an interesting fractal from March 2020 I've decided to make a whole ass technical analysis for just because i'm currently bearish for $BTC (which could be wrong) however, I still believe that the current local top $10700 USD ~ will not be surpassed before seeing at least $9600 USD.
If this fractal did play out (which is impossible) ~ went from $6100 - $4000.
If bitcoin follows this fractal, it would take us from $9950 to $7850.
(in comparison to march to now - the top would be like 12.5k)
(we're here)
In comparison of March 2020 to September 2020 ~ see circles area with sideways activity (which is the current fractal we're seeing now - possibly)
It was 21 days from the "top" like 12.5k, before it fell off a cliff. ~ (stage 1)
Followed by a $1800 USD move to the downside. ~ (stage 2) ~ if we don't wick after the $9600 cme gap this is the likely situation to occur.
(from the low point - which would be 4k in March, which we should see around 6k) ~ (stage 3) ~ if we wick this far ~ could bonce off weekly moving average which is around $7800.
PLEASE NOTE: this is not financial advise, this is simply a fractal I've put together that I've enjoyed making & wanted to share with my followers.
Going down to 9k? In short, if (price) drops to 9k then moon.
If we don't break the purple rectangle residence area of [10.4,10.6| with good volume we might go all the way down to the green logarithmic support line of 9k.
Let me break down why I believe this could happen. This purple rectangle has been acting as resistance for a while now, and recently, we have been rejected by this rectangle area two times already which is bad, bigtime.
Now let's say we failed to break this residence and we head towards the downside, now the only thing left to do will be to find the landing zone, the good old 9.1k will do it just fine. 9.1k lines perfectly with the green line and the significance of this will be that the support is strong and once we landed safely in this support line maybe, just MAYBE this will be the last time we will ever see bitcoin at 9k.
Thoughts on a BTC correction. DailyGap is there. linear regression channel support. L4ish on monthly. Decreasing volume with growing sell volume. PPO reading top. so is my TKE occilator over it. and the daily fisher transform seems to be flipping and its be at the 2nd deviation for a minute. and the red + sign is a daily wave trend cross.
Also since we are losing monthly H3 the typical camarilla pivot play would be to fade for other side of range