Tag: Bitcoin

Bitcoin’s price action continues to display strength, and we have reintroduced the bullish scenario back into the chart analysis. As shown in yellow on the chart, Bitcoin has been respecting our key Fibonacci levels, both during the formation of Wave 2 and more recently in Wave 4. After finding support…

After witnessing a sharp recovery that took Bitcoin from around $52,000 to $58,000, we find ourselves at a pivotal moment. The question remains: Is this recovery part of a larger corrective structure, or is it the beginning of an impulsive move to new highs? As of now, the chart presents…

Current Market Situation: Bitcoin has shifted into a bearish scenario, as the bullish outlook has been invalidated. Based on the Elliott Wave count, Bitcoin is currently in Sub-Wave 4 of Wave 3, which is a corrective phase within a larger downward trend. The corrective structure is developing into a three-part…

Current Market Condition: Wave Count Breakdown: Wave 3 Breakdown: Short-Term Expectations: Bearish Outlook: Key Levels to Watch: Conclusion:

Recent Developments: What Does This Mean? Possible Scenarios: Indicators: Conclusion: The next few hours and days will be crucial to see whether Bitcoin finds support or continues its downward trend.

Current Market Situation: Wave Count Explanation: Technical Patterns and Indicators: Fibonacci Levels: Conclusion: Be mindful of potential downside if the wedge fails to hold, but at the moment, the bullish scenario still holds as the most likely outcome. Current Market Situation: Wave Count Explanation: Technical Patterns and Indicators: Fibonacci Levels:…

The chart illustrates a complex Elliott Wave structure and a potential falling wedge pattern, which is a key focus for the current price action. Let’s break it down: Conclusion: The market is at a critical juncture. A bullish breakout from the falling wedge would align with the larger Elliott Wave…

Bitcoin is currently moving within a falling triangle formation. Although this pattern is developing on a lower time frame, making it more fragile, it is still maintaining its structure. The falling triangle is typically seen as a bullish continuation pattern, especially when it occurs during a correction phase within an…

I’ve revised the low time frame analysis for Bitcoin, and the updated interpretation provides a more detailed and precise understanding of the current market dynamics. Key Observations: Bitcoin’s current market structure suggests that traders should remain cautious. While there are bullish signals, such as the descending triangle, their reliability is…

In the aftermath of the unexpected 11% drop that occurred earlier this week, we’ve adjusted our wave count to better align with the current market conditions. This drop has introduced significant volatility, leading to a reevaluation of both bullish and bearish scenarios as we analyze Bitcoin’s next potential moves. Bullish…