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Is BTC Headed to 2019 Bear Market Lows - SHORT -85%?In this video analysis, we dive deep into the current state of Bitcoin's price action. We'll explore the critical M formation that emerged in June 2021 and how Bitcoin is currently resisting its lower boundary. We'll also discuss the ongoing corrective b-wave within the larger wave C, examining potential upside targets. Join us as we analyze key support and resistance levels, Fibonacci retracements, and Elliott Wave Theory to provide insights into where Bitcoin might be headed next. Our target zone of interest? The 2019 bear market lows, situated between $3,000 and $4,900, which aligns with the 1.618 to 1.272 Fibonacci levels of the preceding wave a. Stay ahead of the cryptocurrency market trends with our in-depth technical analysis. Don't miss this opportunity to gain a comprehensive understanding of Bitcoin's potential price movements and make informed trading decisions.
COINBASE:BTCUSD
by joshuashepherd877
BTCUSD: This MA Cross may be a bottom signal. $32k target.Bitcoin has been on an almost 20 day consolidation (excluding the Greyscale bounce) with the 1H technicals neutral (RSI = 50.047, MACD = -22.300, ADX = 23.021) during most of this time. This is an excellent framework for short term scalping while on the long term potentially hints to a bottom formation on the HL trendline of the long term Channel Up pattern. Additionally, the 1D MA50/100 Cross that was formed four days ago, was a bottom signal last time it was formed (June 15th). Keep a tight SL below the Channel Up and target near the top of the pattern (TP = 32,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
11
Possible Bottoming pattern forming It is very much possible that Bitcoin is forming a bottom as we speak , we have just had that distribution uptrust after a big move down where everyone thinks its going to reverse and then it comes back into range then everyone panics its going lower. But really what happens is far more boring , we go back into a range for a breakout later when everyone been rekt both ways. This bottom pattern appears in many different time frames , the larger the timeframe the bigger the move. If we do breakdown further , CME gap at 20k is likely to close
COINBASE:BTCUSDLong
by Sporia
5
Ethereum is eyeing $1500 support with A-B-C dropETHUSD made a nice bullish run this year from 1063; a move that can be counted in five waves so we will be expecting more gains after a pullback that is still underway after current intraday drop below 1600. We see ETH now in a downward complex correction; ideally, a flat meaning there can still be a recovery from the near-term support. 1500 area certainly looks very interesting for completion of a five-wave drop in (C) wave, so more short-term weakness is possible after a current rally in subwave four. A rise above 1798 will invalidate the current bearish impulse for C, but on the other hand it will confirm the bullish turn. Strong support is at 1500. GH
BITSTAMP:ETHUSD
by ew-forecast
2
Ethereum Update on 05/08/2023There will be a buy/long opportunity for ETH. Focus on buy zone and 200 DMA. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Long
by rukshan2102
Trading Lesson 👨‍🏫#2 - Understanding Consolidations in CryptoIn today's lesson I will explain the difference in consolidations. Some of you are new to the market and are probably wondering what's happening exactly when it's not moving in price and when it's moving down more than up but would later return to the last price it was. Well to best answer that question. It's called consolidation: It's a thing that happens in the crypto market where waves of prices fluctuate up and down calculating the sells and buys of the market until it meets a point of exit - after consolidating the actual price of the market you're in, and only has two places it can go. There are two types of consolidation. The first is where it does a price correction where you have rapid 📉drops or rapid 📈rises. An lastly is a repeated wave🏄🏼‍♀️ that can run in the same location for a few hours, sometimes days, give or take how many orders were made within the past few minutes - hours - days - weeks or months. Consider it like a balloon🎈 being blown into until it 💥pops!💥 Now this is where the problem begins - we don't know where it may go once it's done, could go up or down and when that balloon has popped it's rapidly going there. We could see the 0.00002000 - range within a few hours or just see 0.00000900 range within a few minutes, depending on the orders made for shib and the rest of the market as a whole, this can last for days, weeks depending on the amount of buys or sells. Also note these are when you get the same surprise jumps like we did in 2021. It started off from the 850's and jumped to the 0.00001300 within a day. However; right behind it, is a price correction waiting for a peak in the returns to meet its end. Once that happens it'll just fall or rise back to where the price actually suppose to be and starting the process all over again. You may not know it but there are all forms of consolidations on ever chart from 1 minute to 4 hours to 1 day to 12 months. You're in a consolidation right now and you don't even know it. Like the ones that occur on a weekly chart, This is what I call "a Seasonal Trend" the day, week, or month, is in a seasonal consolidation and is trending high or low. But note anything can stop a seasonal trend and disrupt the flow of it, but it will continue the process as long as the damage done was not to bad such as major crashes in a seasonal up trend due to outside interferences such as massive sell-offs, regardless it'll still attempt to rise back because it's in a wave that's trending up-word, if the wave was trending down then it would do way more damage than expected. But the worst thing to do in a consolidation day - is to sell while it's consolidating, the price may not go no higher or no lower, and if you sell while at a low price in a consolidation you will likely lost position and will have to wait for it to finish to get more shares let alone the original shares, that's if it drops, so best to hold while in a consolidation day, at least until closing. So I hope this answers anyone question as to why your crypto stock of choice is not moving anywhere, it may not move for hours or even days. you'll just have to wait for closing hour to see if it will pop - hopefully on a positive outcome. So Happy Trading Everyone
Education
by Grandmaster_Oz
Total Crypto Cap Idea For The Rest of the MonthUsing CRYPTOCAP:TOTAL as a guide for the rest of the market, this is what I'm keeping in mind over the next 2 weeks. On the weekly timeframe we are currently Under the 200 MA which is right around 1.08T It's highly Likely we close under that on Sunday. Next week we will look to find support in the range of 1.024T and ~1T. To the upside I have set an alert at 1.038T I don't expect too much price action over the weekend. But in the coming days watch for the death cross(21 and 200) and potential bearish retest on the Daily timeframe. Waiting game now. Keeping in mind Super Moon (Bullish) at the end of this month may signal some bullish price action. If that is the case price should bottom over over the next week or so.
CRYPTOCAP:TOTAL
by tradertez
Where is Bitcoin going?BINANCE:BTCUSDT Bitcoin after the formation of wave C, which passed 138% of wave A, we have to wait for an upward movement, and I have the range of 32000 to 33000 to start in my mind! After that, we will again experience a short downward correction and return to 29900, and after that, I am considering a small upward movement to the final range of 36000, and finally we will go for a semi-heavy fall to... (this is just one It is one of the scenarios in my mind and will be updated if needed)
Long
by benyamin013
Bitcoin (Gann Fan Update)Its a very important time for Bitcoin in my opinion , within the next 8-10days we will get a large move above or below the 1/1 Gann , for weeks now we have been holding just under it. Here is a zoomed in view on the daily. As you can see we reach this apex 24th of August 2023 , of course its also possible we trickle sideways above the 1/1 but historically breaking the 1/1 on Bitcoin during this part of the cycle we get some type of action. 2015 If we go back and take a look on how price reacted to the 1/1 we can see a lot of violent swings ranging from 25-40%. 2019 This year was had way more reactions to the 1/1 and almost everytime it resulted in fairly large swings , this time ranging 45-60%. 2023 So for this year we have touched 1/1 once and it was the local high of the year , candle closed right on it. 2/1 Gann and Time The bull market doesn't start until we break and hold support the 2/1 , the last two cycles it has taken about the same time 640days . So if it repeats Bitcoin would be somewhere around 36500 during this period. We also know it takes about 750 days from cycle low to reach previous cycle high. So that would be Bitcoin back at 69k sometime in December 2024. Conclusion If the cycle repeats the Bull market will start sometime August 2024 at 36500 and Bitcoin will reach previous cycle high at 69k December 2024 which would then make a new cycle high October 2025.
BNC:BLX
by Sporia
2
$ONE Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation. If you want to go for more pips, you can lock in some profits at the target by closing down a portion of your position, then letting the rest of your position ride.
Long
by UnknownUnicorn26572303
BTCUSD - Still on vacation - Weekly chartSince June, Bitcoin has not been pampering us with its volatility. The bulls slowed down at the first resistance of a very strong supply zone of $31,580 - $35,900 . It consists of 50% Fibonacci from the downtrend in March 2022 supported by the Price Action zone from May-June 2021. The upper band of this zone is 38.2 Fibonacci measured from the ATH in November 2021 supported by the Price Action from January-February 2022. The bulls will need a strong impulse to overcome this zone - it will also be a marker for me for the near future how to play the market on lower time frames. More about this in my next analyses, where I will take a closer look at this situation.
COINBASE:BTCUSD
by FinancialMindd
$OGN Performing Falling wedge in 4h Breakout doneNYSE:OGN Performing Falling wedge in 4h Breakout done Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation. If you want to go for more pips, you can lock in some profits at the target by closing down a portion of your position, then letting the rest of your position ride.
Long
by UnknownUnicorn26572303
$FLOKI performing Descending $FLOKI performing Descending Triangle in 1d Yes I am interested to buy here What Is a Descending Triangle Chart Pattern? A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern. A descending triangle has one declining trendline that connects a series of lower highs and a second horizontal trendline that connects a series of lows. A descending triangle can be bearish or bullish or a reversal or continuation pattern, depending on the direction of the price breakout. A descending triangle occurring during a price uptrend, with a price breakout above the resistance line, is considered a bullish continuation pattern. (See chart below) Conversely, a descending triangle occurring during a price downtrend, with the price breaking out above the resistance line, is considered a reversal pattern. KEY POINTS The descending triangle has a horizontal support line and a declining slope resistance line. If the price breaks out of the triangle in the direction of the previous trend, it is a continuation pattern. If the price breaks out of the triangle in the opposite direction of the previous trend, it is a reversal pattern.
Long
by UnknownUnicorn26572303
$DODO performing Descending TriangleWhat Is a Descending Triangle Chart Pattern? A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern. A descending triangle has one declining trendline that connects a series of lower highs and a second horizontal trendline that connects a series of lows. A descending triangle can be bearish or bullish or a reversal or continuation pattern, depending on the direction of the price breakout. A descending triangle occurring during a price uptrend, with a price breakout above the resistance line, is considered a bullish continuation pattern. (See chart below) Conversely, a descending triangle occurring during a price downtrend, with the price breaking out above the resistance line, is considered a reversal pattern. KEY POINTS The descending triangle has a horizontal support line and a declining slope resistance line. If the price breaks out of the triangle in the direction of the previous trend, it is a continuation pattern. If the price breaks out of the triangle in the opposite direction of the previous trend, it is a reversal pattern.
Long
by UnknownUnicorn26572303
APTOS Bulls Ready?!Aptos Token Surges on Microsoft Partnership Ahead of APT Supply Unlock Aptos with ticker APTUSD is waking up after a completed higher degree A-B-C correction in (B)/(2). Currently we can see it forming a lower degree bullish setup formation with impulsive wave 1, followed by a-b-c pullback in wave 2 that can push the price into the steepest wave 3 of a five-wave bullish cycle within higher degree wave (C)/(3). Just keep in mind that we still need broken channel resistance line decisively and 9.5 first bullish evidence level to confirm wave 3 of a five-wave bullish impulse. Bullish confirmation is above 14 level, while invalidation level remains at 3.
Long
by ew-forecast
2