faighton

In Elliott wave theory, there is what we call nesting. And bitcoin seems to have finished doing wave 4 of the nest. Seems like we are going for wave 5 to finish the bigger nest, We might see btc going towards 140,000usd per btc territory before bleeding down to 50k territories. If i was more cautious i would leave my tp open because also this might be the last time btc sees the 80k mark. For now i think December will buy and March will determine the next direction, Happy Trading

Btc has reached its peak. Wave 5 has already been completed and it seems an Expanded flat or a running flat is in the making. If the analysis remains true, btc may run towards 140,000 before fall towards 80k to 60k regions. Long positions are currently favored on lower tfs.

From an Elliott wave perspective, if nothing crazy happens in the market, and conditions remain intact, we may see gold reaching levels of 3600 before a retracement to 3268 zones. Currently wave 5 is expected to be in the making and i don't think its time to short big. It made something like a leading diagonal on 4h time frame and the Abc retracement seems to be done by now

Bitcoin could consolidate over the weekend if it fails to takeout the current high, then after it might pump higher to 69000 levels after if it will break above the 66772 high

#BTCUSD seems to have completed its flat wave pattern for wave B. Does it mean its ready to ride a falling rollercoaster? As I predicted some weeks ago #BTC has followed my prediction as I said it. Just check out my previous published idea. I guess its time for bears. Well for upcoming exciting news for #btc , it will be good if its bought at a discount. right now its a bit expensive.

Looks like #btc is ready to dump some weight it has been carrying for a while now. Wave y of wave b is being constructed now. I see some more Liquidity to grab be4 a huge dump. So be ready for a sell off.

Well, Don't be trapped on the buy side. be ready for a huge dump. The market is still constructing wave C of a bigger wave B. the market has to discount for any meaningful pump. however be mindful. It may spike first to the Daily O.B as shown in the chart with dotted lines and then begin to dump all of a sudden.

Looks like #btcusd is trying to make a head and shoulder pattern. seeing that our Chart might have created a leading Diagonal. It good if #btcusd prices fall again a little bit. However currently we are still eying the 30k price target and then a drop to around 20k https://www.tradingview.com/x/xn2Q9cW3/