Bitcoin - 180% PROFIT on this trade! | Elliott Wave
In this analysis, you will discover a strategy or a plan for 180% profit on Bitcoin. Please, read!
The stock market and cryptocurrencies are in a bear market, but that does not mean that there are no opportunities. The fundamentals have never been worse for bitcoin since its existence.
On the chart you can see a great potential setup that you can take for a massive profit, up to 186%! 12500 USDT is a very strong level and there is a confluence to buy exactly at this point.
Confluence: start of the gap from 2020 + previous swing high from 2019 + impulse Elliott Wave completed + Wave A + previous Wave (1) support + previous breakout level of the Head and Shoulders pattern.
If you don't want to wait for this profit target, you can sell Bitcoin at 17600 USDT or 24000 USDT, which are strong resistance on the way up. But I think 24 000 USDT is definitely doable!
The price is below the 200 weekly moving average, which is really bad. This particular MA is considered a strong support/resistance by huge institutions and hedge funds.
According to my Elliott Wave analysis, there is a high probability that we are going to finish this incomplete impulse wave, so more downside is possible!
Buy bitcoin at 12500 USDT and sell it at 35900 USDT. It sounds like a great plan, doesn't it?
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Bearish Flag
Bitcoin BTC, Secret trendline from 2013! No one is talking about
This is the monthly historical chart for Bitcoin , and as you can see, we are currently at major and very important support!
We have a long-term trendline that is printed only on the LOG scale, and the majority of retail traders never use the LOG scale, so that's why it's invisible to them.
The trendline was established in 2013, and this is the one and only one trendline you can draw at this moment.
So what happens if we break this trendline and previous all-time high from 2017 in conluence? Well, it will be extremely nasty, and this bear market is probably going to be the longest in the history of Bitcoin . We can basically have a 10-year sideways/corrective structure. There is also a possibility of a drop to 3000 USD (not now, but later in 2024) to the previous swing low from 2020. This is a true bubble that will pop, not the previous 2014 or 2017.
Also, if we break this trendline, then I can make a complete lifetime impulse wave from 2009 to 2021, and we are prepared for a multi-year massive ABC correction.
But I have faith in this support because, why not? Any speculation on a breakdown is, in my opinion, very risky at this point. You don't want to short the support and long the resistance, you want to do exactly the opposite. But the majority of breakout traders make this mistake. First, they should wait for confirmation before entering a short position here.
Do you think the trendline will hold or not? Let me know in the comment section!
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MATIC bearish flag forming MATIC forming a bearish flag in the 1D timeframe, RSI in the overbought zone looking to pull back.
MATIC has been printing higher lows and higher highs, once price falls out the bottom of the flag this could trigger a significant retracement.
Not financial advice
Do your own research
NZDJPY - Bearish Bat RetestLast week's video analysis I did talk about this Bearish Bat Pattern. If you have engage this trade, congratulation, you have gain close to 100pips of profits.
Don't worry if you have not engage on this Bat Pattern, you can wait for a retest at 83.50. A retest Bat Pattern is also known as Type2 Pattern. Usually, the movement of such setup is more gentle than the type1 setup. Patience is required.
What I like about this setup, it gives me an opportunity to hop on the Daily Chart's potential bearish flag pattern.
TOTAL2 UPDATE! ALTCOINS IS IN DANGER!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka Altcoin market cap update.
Total2 is not looking good here. It breaks down from the bear flag-like structure and the recent pump in Altcoins was just a retest. After this retest, we might see more drop in Alts.
If you are holding any Alts then keep your stop loss tight.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
NZD-USD Will Keep Falling! Sell!
Hello,Traders!
NZD-USD is trading in a downtrend
And the pair has formed a bearish flag pattern
So we are bearish biased on the pair
And after the breakout
A further move down
Is to be expected
Sell!
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See other ideas below too!
Bitcoin - No one is talking about this!
There are currently 3 options with a high probability of happening:
1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option).
2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it).
3) Bitcoin will go slightly up to the yellow trendline to catch all traders in a trap and then it will crash (disgusting scenario).
4) The bottom is in and Bitcoin will reach 200 000 USDT next year (no chance).
Bitcoin is below all possible trendlines on the macro scale, so the bearish pressure is extremely high at this moment!
Pretty much no one is talking about this parallel channel on the LOG scale. Also, no one is talking about the yellow trendline.
But I would not be surprised at all if we break this parallel channel, because at this point, everyone will turn super bullish and after that, Bitcoin will drop like a rock.
To complete an impulse structure from an Elliott Wave perspective, the price needs to print another impulse sub-wave to the downside.
At this point, if we break 32 000 USDT, I can say that the bottom is in, which I would love to absolutely!
If you haven't heard about the QNT (quant) altcoin, it's time to buy!
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SHIB bearish flag #SHIB/USDT
#update
$SHIB shaped an ascending channel, and price is struggling to break down from the lower line.
🐻 breaking down from lower line of channel can shape a bearish flag and drop price to support zone around 0.786 fib level once again.
🐮 holding the lower line as support will increase price to middle line of channel.
The big short - S&P 500!
The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower.
We have probably started a brand new major uptrend in interest rates that can reach 15% - 20% in the near future. Also, government bonds are rising, which is deadly for the stock market.
Let's be honest, it's not the best time to be in the markets if you are an investor. I believe there is an opportunity for swing traders and also day traders.
There is a possibility of a 10-year sideways bear market for the whole stock market, as happened in 2000 - 2009 or 1968 - 1980.
The price is moving in a descending broadening wedge pattern and there is more than enough space to go lower from the current price.
Regarding my Elliott Wave analysis, we have completed 2 first waves (A, B) and we are currently in a C wave if we want to stay bullish. It can also be a third wave of the impulse (1, 2, 3, 4, 5) as a bearish scenario.
I expect the 2700 level to be a strong support, which is also the FIB 1.618 extension from wave A -> B. There is also a confluence with the POC level of an expanding triangle from 2018 - 2020.
Look at my ideas about GOLD and Bitcoin in the related section down below.
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NZDUSD - Bullish SharkProbably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen.
What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that happens, I'm going to head in for a shorting opportunity and might just ride the wave down on a Bearish Flag Pattern that could form on the 4-hourly chart.
You can check the related ideas at the bottom of the tradingview post on the potential bearish flag pattern.
NZDUSD - Bearish FlagCounter-trend traders do take note, if you are looking for a trend-reversal trade, it might not be the time yet.
What I've spotted is a potential Bearish Flag Pattern, the Flag Pattern confirmation will happen when the candlestick break and close below 0.5560, so I say, "Hold your horses!" Let's see what pans out.
Check out the related ideas at the bottom to access the lower timeframe analysis.
DOT inside ascending channel#DOT/USDT
$DOT is trading inside ascending channel, and now price is near and above lower line of this zone.
🐻 holding the descending resistance and break down from lower line of channel will shape a bearish flag pattern that will drop price to somewhere around $0.57
🐮 but holding the lower line and break out from descending resistance can increase price toward upper line of ascending channel.
How to tell if a chart formation is the real deal or not $BTCI meant to say I would rather make a video than right multiple paragraphs trying to explain something that requires some visuals.
Anyways, the video says it all, there's always got to be more than just the chart formation that you look at when deciding on how to play a trend or potential breakout/breakdown and how to tell when it's just a fakeout.
As you can see, the bear flag also got denied at the 100-day MA for BTCUSD
My long-term view is bullish for Bitcoin
Terra LUNC | Last chance to sell before it crashes again!
LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great!
Also, you can enter a short position on the futures market to profit from this upcoming move to the downside.
This chart is definitely not bullish. I see a big bearish downtrend that is in progress.
The price is clearly moving in the parallel descending channel on the 4h chart, so theoretically we can still go up a little bit.
According to my Elliott Wave analysis, the first impulse wave has finished and we are in an ABC correction followed by another impulse to the downside.
My target is 0.00012000 USDT, then maybe we can start a brand new uptrend to new all-time highs. It's possible, but I am not buying anything named LUNA, LUNA2 or LUNC.
In my opinion, the volatility will go down and the price will go down slowly. Forget about LUNC, you are too late for the bull party. If you are a lover, buy it lower.
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Bitcoin - Uptrend before a massive crash!
The trend is clearly descending and there is absolutely no sign of a trend reversal at this moment. The bears are extremely strong and I don't see any hope for a greater bullish price action.
However, we can definitely experience a relief rally back to 21300 USDT and even break the trendline temporarily, where everyone can get caught like a deer in the headlight?
On this daily chart, we can spot a descending triangle, and we can go sideways for another month and consolidate in this descending triangle. I would not be surprised at all if this happens.
After the price breaks the triangle, I expect 12500 USDT as a potential reversal point. I think this crash will be very fast and will be followed by a huge bullish candle, so you want to set your limit orders to catch this upcoming flash crash.
November and December can be very bullish months for Bitcoin, so you don't want to miss it at all cost.
The good news is that the stock market and gold are already crashing while Bitcoin is relatively strong, to my surprise.
On the 4h chart, Ethereum also shows a sign of a temporary relief uptrend, as does XRP and other altcoins.
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Formation of a massive bearish flag on HTF Bitcoin charts.Title says it all. Price broke out at around $28,000. I would expect a breakout dump / downwards movement into the supply area in confluence with the bearish flag pattern targets between $17,000 and $18,000 (roughly the same percentage down as the breakout from above into the flag).
Please check linked idea for a more in depth supply vs. demand bearish sentiment and my short term view on Bitcoin's movement inside this channel / bearish flag.
UniSwap - Bulls are trapped in the channel! What next?
The bulls are still trapped in this descending parallel channel, so the bears are in full control and the bearish trend is intact!
There is a strong possibility of another 67% drop in this particular downtrend before we see a stronger uptrend.
According to my Elliott Wave analysis, an impulse wave is still not finished and we are looking for another leg downward.
Buy UNISWAP at the bottom of the channel, or 1.8, where I expect a massive bounce! I don't know if we will reach this level, but if yes, then this is a great buying opportunity!
The fundamentals are absolutely terrible right now for the stock market and crypto, and this trend may continue for another years.
UniSwap is the most popular decentralized trading protocol, but it looks like the whales want to buy it cheaper.
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BTC/USDT (Bullish Bias)Long Call on BINANCE:BTCUSDT
BTC has been printing LHs and LLs after a parabolic move.
Now, it seems like the bearish flag formation has given a breakout to the upside.
Also, the bullish divergence formed on RSI.
Target is the coming fib. level.
Best of Luck!
Your feedback would be appreciated!
Terra Classic LUNC - More downside is coming! | Elliott wave
The bull party for LUNC is over, and now we need to regain strength again at lower levels!
Many people have lost money in UST and LUNA in the past; there is no trust in these projects, and I would never buy them for long-term speculation.
Maybe that was just a scam pump. I don't even know if someone can trust these coins named Luna, LunaC, Luna2. It looks like a pump and dump game for whales.
Better to short it on the futures market to make some money or just stay away. That's my recommendation.
I'm not saying we'll go straight down; rather, the price may print a triangle before continuing to the abyss.
As per my Elliott Wave analysis, a major impulse wave has finished and we are looking for a retracement to the downside.
0.618 FIB, or 0.5, is a classic correction for a first impulse wave, and it fits perfectly with the previous horizontal support exactly at 0.00011 USDT. It looks like a sweet point to buy LUNC again if you are bullish about the next possible uptrend.
I expect tremendous gains for Golem (GLM). You can find this altcoin in the related section down below.
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Bearish Flag on EUR/CAD @ W1The chart formation on the EUR/CAD weekly timeframe resembles a bearish flag pattern. It offers a trading setup with a downside breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.25467). My potential stop-loss level is marked with the red line (1.32897). I will wait for the price to close significantly below the flag's lower border before opening a short trade.