Bitcoin – BTC Waves – WAVES Bitcoin BTC Technical Analysis Price Prediction with Elliott Waves Analysis.#bitcoinprice #btc What’s going on YouTube Welcome Back to the channel welcome back some more blast crypto so in today’s video I am going to be having another look at Bitcoin BTC to see if we can determine where the price is going to be going next so if you do enjoy the content please consider Subscribing to the channel give it a thumbs up make sure you hit notifications Bell for when I’m uploading future content uh and with that let’s get straight into the video so just be aware today that we do have the core pce price index at 8 30 which is I think 1 30 Um universal time for anyone that’s in different countries you’d have to kind of work that out for yourselves the forecast is 0.3 so we’re gonna have to see if um that move does actually play out or whether we do get something a little bit more bearish or a little bit more bullish Um where are we at the moment with the Bitcoin price and it’s actually this kind of move here where we are just kind of consolidating is actually looking quite bullish at the moment we did exactly the same thing here we did get a fake out to the upsides you Kind of liquidate some Longs what I am noticing is is that we do have this trend line here which we are finding as resistance at the moment um it looks a bit like a bit of an expanding wedge if we kind of can’t get above this trend line then it is kind of A long way down to the bottom um not saying that that’s that’s going to happen I think obviously we are a long way from something that bearish happening at the moment but just remember next Wednesday we do have the FED decision as well um so just kind of bear that in mind so From where we are at the moment we have two options either all of this is an a a b and a c wave and then we would come down in an a sorry a five wave move which would be a wave one a wave two a wave three a wave four And a wave five which would probably end up going down to about fourteen thousand dollars or we are in a first impulse to the upside and actually we could have put in a low at fifteen thousand five hundred and now we are pushing up in a first one two Uh and then all of this would be a wave three we come down in a wave four and we go up in a wave five and then we’d need to correct down in an ABC and then we would then be looking at possibly um buying in this Zone to catch the Third wave to the upside all right now obviously we’re not there at the moment we are kind of a long way from that happening and we just kind of need to take it uh step by step and not get too excited on these big bullish moves to The upside let me just get rid of all those drawings um so we’re going to go now on to the hourly chart because I know everyone loves the hourly chart we’re going to see where we are with the price at the moment um and we are just clearly in a range in A range at the moment um we kind of get get up to 23 000 we get rejected we come back down we get rejected um you know so the kind of the levels that we’re playing with at the moment is 22 300 um really up to about 23 259 We have now lost this trend line that I did have on the chart um I am it’s it’s it’s difficult but I’m I’m in the camp that we’re gonna get a pullback um I can’t guarantee that I guess what’s going to happen is we’re going to get bearish or bullish news today Um and I am expecting to see some volatility to give you guys some price targets that actually if we are going to reset this Wave 4 which we’re going to show you some price targets for now we would I think we’ve actually got to move it now you know we have Um we would be looking at the 50 percent to the 236 fib at twenty two thousand so from 22 2037 20 930 or 20 000.uh don’t forget we also have the 200-day moving average at nineteen thousand five hundred and forty a and I think if we do get this correction More than likely we’re going to get pulled to this uh Moving Day average and either find it as support and then continue to move up the only kind of issue we have then is is that we then will have a bit of a head and shoulders on the chart so maybe we do Find support at 382 FIB or the uh 50 but those are kind of the key levels um to be watching out for so twenty thousand twenty thousand nine hundred um or twenty thousand twenty thousand twenty two thousand and thirty seven so somewhere in this area um I would hopefully be thinking that we Could continue to the upside once we find support off of one of these fibs and then we could then potentially go up to complete uh the wave five can I give you a target for that um if that was going to play out from one of those fibs And give you a rough Target right now the rough Target would be if we found support at the 236 FIB we’d be looking at 25 000 uh and 24.um but if we dropped any lower than that then I guess we’ll be looking at a double top at 23 972 but if we came down any lower these fibs wouldn’t work anymore so the other way that we could possibly uh give you guys a Target would be if we measure the whole of the wave three and then bring it down so we’d be looking at first Target of 26 696 Or we’d be looking at a target of 25 563 or if we came down to the 50 FIB we would be looking at a target of 24 693 so obviously that is just a rough estimate of where this wave 5 would go if we do find support in this general Area could we go straight up from here I guess is the question so let’s have a look at what’s going on in this General range at the moment and let’s see if we can work out I mean the only way we could kind of count this is actually that the Wave 3 finished Here okay we had a pretty short wave for here and that actually all of this move would be a first one two pattern and then we go up in a wave three four and five so I’m guessing what would probably happen now is if we do get bearish news with those that data That’s coming out a little bit later um then we’re going to reset into this area here if we get bullish news then we’re probably looking at this as a first one two pattern okay so to give you a price Target sorry I’m not sure if I just did that or not Um the price target for The Wave 3 of this move would be the 1.618 at 24 980 I’m not going to put those waves on the chart but it would be like this The Wave 3 would go to here as a minimum then we’d come down and away four and Then we would go up in a way five maybe to test the August High all right and then maybe then we get the ABC down after that all right so all eyes are on uh 1 30 today just remember that next week next Wednesday that we have the FED decision as well so We have got some key decisions that are happening in the Market at the moment um first kind of indications that um we are going straight up we’d obviously be a move above 23 826 and if we do lose 22 298 then I would say actually we are Going to get this bigger retracement in the way four which I have already given the targets for you guys so I hope you enjoy the content please consider subscribing to the channel give it a thumbs up and make sure you hit notifications Bell for when I’m uploading future content and with that Take care stay blessed Bitcoin BTC Technical Analysis Price Prediction with Elliott Waves Analysis.#bitcoinprice #btc Bitcoin price prediction! Technical analysis and price prediction.Talking about the bitcoin price on higher level time frames and where the bitcoin price is expected to go in the future.Also included is some price targets for possible swing trades.Are we going to get a 10K bitcoin again? It is certainly possible with the current climate and what has happened with FTX If you enjoyed the video please subscribe, like, comment and hit the bell for notifications Welcome to Blessed Crypto! On this YouTube channel I share my trade ideas TA and Elliott waves about crypto, such as Bitcoin, Ethereum and other promising cryptocurrencies.I comment on latest price action and projected targets for the future.
If you enjoyed the video please subscribe, like, comment and hit the bell for notifications.How to use Elliott waves to accumulate crypto for beginners.https://youtu.be/gJ9D3fCksdU https://twitter.com/BLESSEDJIMBOB 💰BITGET💰$5,000 in deposit bonuses https://partner.bitget.com/bg/1F6FMZ Referral code: mpnl 💰SUPPORT THE CHANNEL💰 https://www.paypal.com/donate?hosted_button_id=EY5AP7R43X4KN https://www.tradingview.com/ I AM NOT A FINANCIAL ADVISOR! Ideas in this video are only my personal opinions and are for entertainment purposes ONLY.This is information – not financial advice or recommendation The content and materials featured or linked to BLESSED CRYPTO are for your information and entertainment purposes only and are not attended to address your particular personal requirements.YOU AND ONLY YOU ARE RESPONSIBLE FOR THE DECISIONS YOU DECIDE TO MAKE.Do your own research and seek independent advice when required Always do your own research and seek independent financial advice when required.
Any arrangement made between you and any third party named or linked to from the site is at your sole risk and responsibility.BLESSED CRYPTO assume no liability for your actions.
Investing carries risks The value of investments and any income derived from them can fall as well as rise and you may not get back the original amount you invested.source.
