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Blxusd

Is the Correction Over?In each cycle, from the bottom to the high in the pre-halving rally, #BTC has seen an increase of 330%-370%, followed by a minimum correction of -38% or, with the exception of the rule (pandemic), -62%. At this moment, a 38% correction means a price of $45,700, while a -62% correction means $27,900. However, I don't think we will see such a large correction now. #Bitcoin could drop below the $50k zone as there is a lot of liquidity waiting to be taken from there. The price from here could have reactions, but I don't think it will make a new ATH from the low at $53,700.
BNC:BLXLong
by TraderX10101
1
BLX Year by YearYear by Year Bitcoin (BLX) logarithmic chart, ready for a Massive Explode in 2024. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BNC:BLX
by CryptoTrend-Alerts
Elliot wave nearing 4/5Obviously the debt ceiling was going to be expanded since the Americans will not give up their "credibility" and the world reserve currency Expect weekly to close around $27.250 Wednesday - French, Italian, and German inflation YOY - Japanese Consumer confidence Thursday - Inflation and unemployment rate eurozone YOY - US ISM manufacturing PMI Friday - US Unemploymentrate and non-farm payrolls Looks reasonable to retest the former range when taking the Elliot Wave into account, $25.200 range top June 2022 – March 2023 has a lot of liquidity. However I am bullish from here Target for June would be approximately around $35
BNC:BLXLong
by SIWMIS
I am sorry if you don't want to understand BitcoinOn the monthly chart, bitcoin is now moving around the price level of the 0.382 Fibonacci retracement drawn from the 2018 bottom to the all-time high in 2021. Twice before, this level was exactly the bottom for bitcoin; quite soon after—usually within 3 months—it prompted bitcoin to resume its bull run. Tom DeMark Sequential shows a 9 each time at the monthly bottom. The September monthly candle close also very nicely notes another 9. My expectation is that around January 2023, we can expect another spectacle in terms of a sharp price rise. Historically, it is another unique buying opportunity; don't miss it. Keep stacking those scarce sats!
BNC:BLXLong
by joerivdpol
BTCUSD Fibonacci Time zonesI have drawn a Fibonacci time zone for each cycle from the top to the point the bottom is reached. After this, the Fibonacci sequence begins to count. I am starting at the top of 2011 to the bottom at the end of 2011, and these time zones count in vertical black lines. After this, I drew another Fibonacci time zone from the top of 2014 to the bottom in 2015, and here again, a new count starts and is visible in dashed lines. Finally, from the top of 2017 to the bottom of 2018, I once again drew a Fibonacci timezone, which is visible in the dotted line. Based on the Elliot Wave principle, in which waves 1, 5, 21, and 89 are cycle peaks, and waves 2, 8, 34, and 144 are complete market cycles. When I apply this principle to the drawn fib time zone tool described above, I conclude that it gives pretty accurate insight into when possible tops and bottoms are set; each number of each illustrated fib tool is in a different subdivision and grade. For example, the 3 indicates when the price will reach an all-time high for the first time after a bear market; I marked this in orange. Red indicates a top of a bull market, and ditto for 13 and 21. Number 8 shows the bottom of the bear market. We are again at point 8, where a bottom would be set. In my view, Bitcoin is getting ready for another first impulsive wave of a new trend. In my Elliott Wave count, in 2019 to 14k wave 1, ABC correction with wave C completed in March 2020. This was followed by an impulsive wave 3 ending in early 2021 and then a truncated fifth in November 2021.
BNC:BLXLong
by joerivdpol
1
Blx macro ending diagonal idea!Although we havent confirmed bottom yet we still have same legacy top trend line! BBlx has broken 21/233 ema bearish for the first time in history of weekly chart. I expect 10-13k bottom but we are near the 1-1 fib of our correction and historically corrections have bounced at the .786! Not claiming a bottom here but when we are finished correcting I think this Elliot wave count will hold true! Rules for ending diagonal: * Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. * Each wave subdivides into threes. Waves 1 and 4 overlap in price. * Wave 3 can not be the shortest among waves 1, 3 and 5. * Wave 1 is usually the longest, but not necessarily. * Usually occurs in a wave 5 of an impulse and wave C of an A-B-C correction
BNC:BLX
by Cryptoholics_Anonymous
2
Bitcoin and what to look for #2This chart is essentially a continuation of the "bitcoin and what to look for" a while back. I have added the "HTF log oscillator" and the new "Mayer multiple bands" by (TXMC) indicators. This chart only shows what to look for and possible events to come. This is not a prediction and not financial advice. Always invest with caution and a risk tolerance you can handle. I also have outlined a possible HTF outcome and what to look for as a path to bullish movement and bearish movement. I also want to point out that we have "hidden bullish divergence" on the HTF Oscillator. So we should expect a pump, but to where is the question, New highs or retrace? *Put time in the market don't try to time the market*
BNC:BLX
by WeAreSat0shi
2
BraveNewCoin BLX - Short Opportunity 📈Hi Traders, Investors and Speculators 📉📈 Why follow me on Trading View? 🎯 CryptoCheck team has 20 years + combined trading experience 🎯 Established 2019 and not going anywhere 🎯 Ev here - been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's chart - BraveNewCoin. This is short opportunity, I have identified an easy short setup with low risk on BLXUSDT. Thank you for visiting ! Please show your appreciation for this post by hitting Like👍 and Follow 📢 _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
BNC:BLXShort
by Crypto-Check-
32
$BTC $32k-37k needs to hold, otherwise $23k-29k is coming.I exited all of my crypto positions last night after we lost support at $39.3k. We really needed a bounce there for the structure to hold up and bounce higher. Now we've just printed new lower lows. The reason for exiting here is because now I think there's more risk than reward, so I'd rather sit and watch things play out than have my money sitting in the market if what I'm about to say is a possibility of an outcome. After zooming out and looking at the chart again, it looks like we've just tested resistance twice at $45k and each time it formed another lower low on higher timeframes (you can see this by looking at the chikou which I've drawn a circle around on the chart). In the short term (next few days to a week), I could see us either trying to retest and break $43k or testing $45k one more time, but if we reject those regions, then the likelihood increases that we're going to see new lows. The other scenario is that we just roll over, but I lean towards a move up first to convince people we're going higher. Why do I think we're going to see the $20k region rather than just retesting the low $30ks? Well, if we break $37k which I think is likely because it's already been tested multiple times, then the next area of support is $32k. We've already broken through that $32k region back in May-July and just retested it as support in January, so that support is already weakened. The $29k support has already been tested 3 times from May to July, so that support has weakened as well. So the most likely scenario to me at this point is that we break through all of those supports and retest the $23k level which hasn't been tested since we've gone up. Of course, it's not a guarantee. I've listed out numerous things that will need to happen between now and May for this to play out -- we'd need to reject $43k-45k, then lose the $37k support. But if those two things happen, it increases the chances of this idea playing out. Then we'll need to lose the subsequent levels on the chart. $23k is where I'd want to buy a buyer of BTC. Bad news aside, I think that region will be a great spot to buy BTC as we should see a massive bounce after that. Let's see what happens over the coming weeks.
INDEX:BTCUSDShort
by benjihyam
3
$BTC bounce to $51-$56k to confirm resistance, then lower?Pretty much the same chart as I posted last time, just updating thoughts and timing a little bit now that price action has played out more. I'm fairly confident that this move down right here will mark the short term bottom. I'm thinking that we could get a strong bounce up to the low to mid $50k range ($51k-56k) as the next move to confirm resistance, which would then setup a fall lower. The question then would be how low we go? I could see us just going back to retest the $32k-$34k bottom of this structure, which would setup a larger bounce higher after (this is my bias right now). Or, I could see us breaking through the structure and testing $23k. In either way, stay cautious in the coming weeks/months, as a rejection in that $50k range would setup a sharp decline lower. I've just gone fully long and am targeting to exit crypto again sometime in March/April. Then should the move lower play out, reenter towards the end of May. Let's see how price action plays out from here.
BITSTAMP:BTCUSDLong
by benjihyam
5
What if BTC is still in Wave 4?• Since Apr’21, BTCUSD has been consolidating in a range. • Wave (2) was relatively clean and simple. Wave (4) is thus likely to unfold as a more complex and frustrating correction. • Dubious speculation: the $69K top might be the end of the B Wave in a running flat correction, and we are still in the C Wave, (4) in the larger wave count, which will bottom at around a weekly close of $35K by mid-Mar’22. OBV corroborates with this possibility. • If so, then assuming Wave (5) starts mid-Mar’22, and reflects the strength and duration of Wave (1), then we can expect BTCUSD to close a weekly at approximately $125K end-Oct’22. • We should pay more attention to the charts as it nears $35K.
BNC:BLX
by AlphaBravoCharlie77
7
$BTC bounce to the low/mid 50ks? Then down to the $30ks again?Alright, updated all of my previous analyses w/ thoughts that we're bouncing here rather than seeing further downside. The initial support at $39k was hit, and while I thought we'd see further downside before a move up, it looks like we're bouncing here at $41k and holding support. I think the most likely scenario from here is for a bounce higher to play out and reject at either the $51k resistance or $54k resistance to the upside, reject at either one of those levels-- which would setup the downside move that I was expecting to either $34k or $29k supports. The reason why I'm expecting a bounce here is because we're forming a bottoming pattern on lower timeframes. The indicator that I use to measure momentum/strength is extremely oversold on many timeframes and because we started to see buy volume come in after the stock market closed today and saw an initial bounce. Idea would be invalidated on a break and close below the lows at $39k. Let's see what happens from here.
INDEX:BTCUSDLong
by benjihyam
4