Last week I said that for BTC to continue bullish, it needs to stay well above 42.5k, which has been the case for quite some time now, where it resides around 42.9 - 43.8k as of the time of this writing.

But despite this fact, it still struggling to make a move into the coveted 44k area and beyond. With the price instead shouldering an apparent selling pressure now around the 43k area.

And looking at the current viewpoint again, we can see that in 1H chart the price has been consistently making lower highs for more than 13 hours now since the start of the day, and the selling press is still can be felt and insistent.

Then if we see 4H chart, not only there are a vast empty space below (which commonly attract selling craves). But also I just realized that the current arc seems to be forming and could complete an Elliott Wave, where the current price movement possibly acting as the Wave C (the ending). If this is true, Wave C normally targets a price nearby or just below the end of Wave 4, which in this case is around 41.6k.

But if BTC managed to fend off the selling press and move upward to cancel the Elliott Wave, it should retest the previous high of 43.8k.

#BTC #Write2Earn #ElliottWave

$BTC : Good reaction to the 78.6% retracement level, but it is crucial that the bulls drive the prices back above the intraday high at $59,900. Needless to say that the structure is very fragile and the bullish scenario is on thin ice. Taking out this intraday high would be quite an achievement for buyers. It doesn't change the fact that more lows are likely as long as the price is not forming 5 waves to $70,000+. However, it would represent a significant amount of selling being absorbed. For any upside potential, this level needs to be surpassed.

#Bitcoin #BTC #ElliottWave #MarketDownturn #LowestCPI2021

Solana (SOL) and the Elliott Wave Forecast: A Path to New Highs

Solana's (SOL) trajectory is under the microscope as Elliott Wave enthusiasts outline a compelling case for its next big move. The theory, which identifies market trends through a series of five waves, suggests Solana is on the brink of embarking on its fifth and final wave, potentially catapulting it to new heights.

#write2earn #Solana #ElliottWave
$SOL

Decoding the Waves: Solana's Market Dynamics
The Elliott Wave principle posits that markets move in repetitive cycles, consisting of five waves that depict the direction of the main trend followed by three corrective waves. For Solana, the analysis indicates it has completed its corrective phase and is gearing up for a bullish wave 5, suggesting significant upside potential.

Wave 5: The Final Push
Wave 5 is often where prices push to new highs, driven by a final bout of optimism and investment. For SOL, this phase could be fueled by its robust ecosystem, technological advancements, and growing adoption in decentralized finance (DeFi) and non-fungible tokens (NFTs).

Strategic Insights for SOL Investors
Investors might consider this analysis as a cue to evaluate their positions in SOL. While the potential for gains is enticing, it's crucial to consider risk management strategies to safeguard against volatility, keeping in mind the speculative nature of Elliott Wave predictions.

Conclusion: A Promising Horizon for Solana
As Solana potentially embarks on its wave 5 journey, the crypto community watches with bated breath. The Elliott Wave scenario paints a bullish picture, but as with all market forecasts, it's wise to proceed with caution, staying informed and diversified.

Bitcoin Eyes $34-36K as Next Target Amid Correction

$BTC
Analyst AlanSantana predicts a forthcoming Bitcoin correction to the $34,000-$36,000 range on TradingView, highlighting a strong bearish divergence with the daily RSI. The analysis, based on Elliott Wave Theory, suggests the completion of the A and B waves, with a C wave drop imminent. This concise update warns traders to prepare for a potential drop, reinforcing the need for caution in the current market.

#write2earn #BitcoinCorrection #ElliottWave

BTCUSD : Wyckoff Distribution and Elliott Wave Analysis

#ElliottWave #Binance #BTCUSDT. #BinanceSquareFamily #BinanceEverywhere

- The BTCUSD 4-hour chart suggests a potential **bearish reversal**, indicating the market may have reached a peak.

- **Wyckoff Distribution** highlights key phases: **Preliminary Supply (PSY)**, **Buying Climax (BC)**, and a **UTAD** (Upthrust After Distribution), signalling market exhaustion.

- Elliott Wave analysis shows Bitcoin completing **Wave 5**, entering an **ABC correction** phase.

- Key **support and resistance zones** include **$58,684** as a strong Fibonacci support and **$64,297** as a major resistance.

- Institutional **Order Flow** dynamics show accumulation between **$52,000 - $56,000**, with the next downside target at **$52,568**.

Advice for Investors/Traders :
- Monitor Fibonacci levels and institutional order flow for potential bounces.
- Be cautious of further bearish moves if key support zones are broken.

Conclusion :
A **bearish bias** is evident, with potential downward movement towards key levels, but short-term bounces may occur near **$58,684**.

BTC/USD Sell Opportunity: Elliott Wave Signals Downtrend**

#BTC走势分析 #BTC/USDT. #Binance #ElliottWave
#btcusdt

BTCUSD has recently formed an uptrend, hitting a resistance level around 60,657.

Based on the Elliott Wave pattern, there is a strong indication of a downward move, making this a good opportunity for a short trade.

The target profit zones are set at 59,032 and 57,689.

Traders are advised to implement proper money management strategies when entering this trade to minimize risk.

Stay cautious and watch for the downward trend!

🚨 **Bitcoin/USD 1M Chart Analysis** 🚨

#bitcoin☀️ is showing strong signs of a potential long-term uptrend based on Elliott Wave analysis. 📈

🔑 **Key Points:**
- Current Price: $68,342.21
- Bitcoin remains above the 50-day & 200-day moving averages, signaling bullish momentum.
- Possible completion of a five-wave structure, indicating further price appreciation could be ahead.

**Note:** Always conduct your own research and consult with a financial advisor before making any investment decisions! #Bitcoin #CryptoAnalysis #ElliottWave