What’s interesting this time is that we entered the market when RSI pushed up to the 70 level (#1). After that, Bitcoin went into a short consolidation before continuing its move higher. As price got close to the 0.618 target, there was a strong ...

Bitcoin (BTCUSD)

Wave 5 is likely approaching its completion, with a magnitude roughly comparable, though slightly smaller than Wave 1. What we are currently observing appears to be the beginning of a corrective phase, which typically unfolds in a three-wave, often ...

Bitcoin (BTCUSD)

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Nasdaq Only

In a strongly trending Bitcoin market, the RSI 40/70 mean reversion framework tends to lose effectiveness due to the absence of meaningful pullbacks. To address this, traders must shift toward breakout-based execution. Despite having a lower win ...

Bitcoin (BTCUSD)

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Bitcoin (BTCUSD)

Update ... image

Bitcoin (BTCUSD)

Revised count ... image

Bitcoin (BTCUSD)

Price has now decisively moved above TL6. Could this mark the onset of a bullish market phase? If so, the months ahead may prove to be exceptionally dynamic and full of opportunity. image

Bitcoin (BTCUSD)

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Bitcoin (BTCUSD)

Revise ... image

Nasdaq Only

The market looks strong, and it’s sending us a pretty clear message. A failed signal is often the most reliable one. So, the wave count has been adjusted, as the recent move doesn’t really look corrective anymore. We will wait and observe how the ...

Bitcoin (BTCUSD)

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Nasdaq Only

In anticipation of Bitcoin continuing its decline within an impulsive wave structure, the strategy focuses on building short positions when the market enters a mildly overbought condition, specifically when RSI rises above 60. (This condition is ...

Bitcoin (BTCUSD)

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Nasdaq Only

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Bitcoin (BTCUSD)

The wave structure is starting to look clearer. We’re probably moving into wave "b", which should play out in three waves, before shifting into a downward wave "c" that could unfold in a five-wave move. image

Bitcoin (BTCUSD)

A push toward wave "b" could create a setup for short positions, as the correction is anticipated to unfold in a zigzag formation. image

Bitcoin (BTCUSD)

A large price bar movement that is often accompanied by news typically indicates the formation of Wave 3. image

Bitcoin (BTCUSD)

Our simple RSI 40/70 strategy has once again delivered results. We identified four accumulation points (#1–#4) and a single exit point at #5. Notably, the accumulation entries are clustered around similar price levels or in close proximity. The key ...

Bitcoin (BTCUSD)

Bitcoin has likely concluded its ending diagonal formation, indicating a potential correction could unfold next. image

Bitcoin (BTCUSD)