Alternatively, there is a possibility that this count has already completed if we interpret the structure as a WXY correction. This is supported by the chart, where both Fibonacci projections derived from (w)–(x)–(y) and the internal w–x–y ...

Bitcoin (BTCUSD)

In reality, the RSI 40/70 strategy (Long only bitcoin system) on its own offers a limited statistical edge, with a win probability of only around 45%–55%—a range that is effectively comparable to random market signals. However, this performance can ...

Bitcoin (BTCUSD)

revised count ... image

Bitcoin (BTCUSD)

Your perspective is reasonable and remains in confluence with the higher time frame cycle count. That said, I still anticipate one more leg to the upside on the lower-degree structure to properly complete wave “C ”. Although the price target near ...

Bitcoin (BTCUSD)

Bitcoin’s retracement has extended beyond the 0.618 level, which is uncommon for a typical wave "/4" formation. Wave "/5" potentially targeting at 78.2K region. image

Bitcoin (BTCUSD)

Revised count ... image

Bitcoin (BTCUSD)

Previously, we discussed the dilemma of a mean reversion system—where, during the emergence of a strong trend, it can feel as though we are being left behind by a rapidly moving market. This effect is largely psychological, often accompanied by a ...

Bitcoin (BTCUSD)

At times, our interpretation of Elliott Wave Theory may fall out of sync with actual market behavior, given the market’s inherently complex and adaptive nature. In contrast, our RSI30/70 trading strategy can continue to deliver consistent positive ...

Bitcoin (BTCUSD)

Based on the current Bitcoin price structure, I view the market as potentially unfolding within a double three correction, which I label as "abc–X–...." . This type of formation is typically complex in nature and may extend into a more prolonged ...

Bitcoin (BTCUSD)

During this session, four distinct zones were identified where RSI dropped below 40 (#1–#4), with zone #3 exhibiting a particularly sharp and volatile downside expansion. From a tactical standpoint, this created opportunities to scale into positions ...

Bitcoin (BTCUSD)

The decline of wave "/4" below the peak of wave "/1" represents a clear violation of core Elliott Wave principles, effectively invalidating the previous wave count and requiring a reassessment of the overall wave structure. At present, bitcoin ...

Bitcoin (BTCUSD)

Based on the current Bitcoin structure, wave "/4" appears to have reached completion, with wave "/5" potentially targeting the 75.7K region. At this stage, the 0.618 Fibonacci level is being used as the key reference for the wave "/5" projection. We ...

Bitcoin (BTCUSD)

The core dilemma of mean reversion lies in this: when no pullback occurs, the RSI 40/70 strategy becomes ineffective, not because it lacks profitability, but because the required setup simply fails to materialize in a strong, momentum-driven market. ...

Bitcoin (BTCUSD)

I continue to classify the recent price action as an impulse structure. This is primarily due to the fact that wave "/4" does not overlap with wave "/1" on a closing basis (despite minor wick overlap), thereby preserving the integrity of the ...

Bitcoin (BTCUSD)

Patience in executing the RSI 40/70 strategy was truly tested this time. There were two key zones where RSI dropped below 40 (#1 and #3), with the latter providing an opportunity to accumulate at a more favorable, lower price level. The key question ...

Bitcoin (BTCUSD)

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Bitcoin (BTCUSD)

It appears that the 0.382–0.618 zone continues to hold with stability. From a structural standpoint, wave "/c" is likely complete, and bitcoin is now transitioning into a sideways consolidation phase. At this juncture, two primary scenarios emerge: ...

Bitcoin (BTCUSD)

Wave "/b" appears to have rallied only up to the 0.382 retracement level, suggesting a relatively limited corrective move. At this point, I believe the market has transitioned into wave "/c". Despite this development, my current bias remains bullish ...

Bitcoin (BTCUSD)

For anyone interested in obtaining my MQL bar indicator for MetaTrader 5, I’ve attached the file here. I used Google AI to code it, and it took me less than five minutes to complete. Hope it brings some value. The input parameters are structured ...

Bitcoin (BTCUSD)

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Bitcoin (BTCUSD)