Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

Link to the More Trading Online Stocks and Shares Service:
https://www.patreon.com/MoreTradingOnline

Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction! In this video I talk about the Bitcoin BTC Cryptocurrency price and carry out a technical analysis. I also talk about my Bitcoin Elliott Wave count and discuss where the price could be going next.

—————————————————————————————–
🧿 Links:

Bitget:
Trade with Bitget: https://partner.bitget.com/bg/MoreCryptoOnline
Receive a $15 bonus

Trade on Bybit:
Receive an up to $30,000 bonus (see terms on Bybit)
https://partner.bybit.com/b/MCO

Technical Analysis with TradingView:
https://bit.ly/Crypto_Tradingview

Set up trading bots with 3commas.io:
https://3commas.io/?c=tc1323713

Trade on Coinbase:
Receive $10 in BTC (see terms on website):
https://bit.ly/MCOinbase

Trade on Binance:
Receive a 15% fee discount (lifetime) when using this link.
https://accounts.binance.com/en/register?ref=XNWEZH08

Trade on Kucoin:
Receive a 20% fee discount:
https://www.kucoin.com/r/af/QBSSSL4T

Trade with eToro:
https://etoro.tw/3oFUKCk

Trade with Trading212:
Receive shares worth up to $100:
https://bit.ly/Trading212MCO

Protect your cryptocurrencies with Trezor:
https://bit.ly/morecryptoonline

Protect your cryptocurrencies with Ledger:
https://shop.ledger.com/?r=0fb3c8be2e46

Stay safe with NordVPN:
https://go.nordvpn.net/SH4s0

—————————————————————————————–
🧿 MCO World:

You can find the Technical analysis channel here:
https://www.youtube.com/channel/UCsl6Z6p7GOkczo8Cv-GH6Dg

You can find our German crypto Youtube channel here:
https://www.youtube.com/channel/UCRRrpK63KNPZMTLbv61UKRw

Please check out the More Crypto Online website:
https://www.morecryptoonline.com/

Official Social Media Links:
Instagram: https://www.instagram.com/morecryptoonline_official/
Twitter: https://twitter.com/Morecryptoonl
LinkedIn: https://www.linkedin.com/company/more-crypto-online/

—————————————————————————————–
🧿 Join the private MoreCryptoOnline membership group:
https://www.morecryptoonline.com/plans-pricing OR
https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR
https://www.patreon.com/morecryptoonline

🧿 Join the private MoreCryptoOnline foundational video training course:
https://www.morecryptoonline.com/technical-analysis
—————————————————————————————–
⚠️ Very important: ⚠️
– please do not reply to anyone with the MCO logo in the YouTube comments who sends you a Whatsapp number. This is scam!
– please do not join any other MCO Telegram channel than the ones you received the links for. These are all scam!
– You find the official Social Media links down below in the description section.
—————————————————————————————–

☕️ Caffeine:
For additional support you can now buy me a coffee ;-):
https://www.buymeacoffee.com/morecrypto
—————————————————————————————–

Financial Disclaimer:
We are no financial advisors. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Ideas presented in this video are my opinions at the date of recording and may have changed after recording.

Hello and welcome to another update video about Bitcoin yeah sorry I have not uh too much new stuff to report really the price has barely moved today the Bitcoin price but you know what did I highlight in the previous videos that if Bitcoin continued with its corrective

Sideways price action we will likely see more bullish price action in the altcoin sector and we’ve had another few nice runs to the upside including medic F edix you know a lot of coins are moving to the upside as Bitcoin is continuing its sideways correction but it’s continuing that sideways correction on a

Pretty pretty high level just below a key breakout point and key resistance which is here this um 1.78 6 extension level at 5286 a level we talked about in the previous video it takes really a sustained break above that level so that we can take a look at the 54k level or

Let’s say 54,0 360 that’s the next one and above that level 57,4 so we want to talk only about the um yeah we only want to talk about the 1 hour chart 30 minute chart this time frame um I think we talked about the overall scenarios in depth in previous

Videos just quickly for everybody who’s new on the channel main thesis is we are bullish yeah the main support level I would recommend people are considering is this one here between 47 and 50k anything above that is really noise I had a nano support level that so far is

Holding but that was really just as a potential Nano setup really not reliable for a direct move up um it’s holding at the moment we had a wick below but it’s not a break of support no invalidation so we can take a look at that but overall this is really the important one

47k we haven’t even come close to that level because really only below 47k the overall directly bullish assumption is likely not going to work out so at the moment I’m leaning towards further upside Wave 1 wave two wave three could still be in the making okay maybe wave

Three finished here it doesn’t matter at all that doesn’t matter for um from a trading point of view it doesn’t matter from a trade management point of view it doesn’t matter for the support region so I try to keep it simple and avoid um yeah to over over complicate it we

Should then get a wave four and a wave five that would be ideal possibly towards 58k or even higher um as I said the next upside level to watch is 54k pretty much if we get one more extension in this white third wave I’d be looking at that 54k level

Now I’m looking at higher more directly as long as the 47k level is holding that means the price could literally do a lot of up ups and downs here yeah jump the trampoline few times and everything whatever as long as it’s holding 47k I don’t really care from an

Analysis point of view I mean how you trade this is essentially up to you there will be range Traders out there there will be Trend Traders out there who are probably not doing much at the moment because they’re just waiting um yeah you know that that comes down to

Strategy then but from an analysis point of view this is the level where the um structure changes and we have to assume that this B wve topped and that we didn’t have the 1 2 3 4 five but instead only an a-wave A b-wave and A c-wave

Which then comes down again what does that mean well it simply means that this fourth wave because we assume currently that a fourth wave finished on the 23rd of January never finished you can really only confirm that the completion uh took place if we get the next five waves up

That will only also change the more relevant daily time frame support but until we have five waves up the move up here that we’ve seen from the 23rd of January low could just be a so-called high b-wave it’s common in fourth waves which is why we need to track support um

For risk management okay now okay and to be very clear there’s only um there’s only the market who will decide if support will hold or not it’s not the analysis but from a from an um momentum and Trend point of view and Analysis point of view I just focus on higher as

Long as this 47k level is holding um this is the level where the market change changes its mood essentially the Fibonacci levels that we have on the charts they are mathematical expressions of sentiment and we know at which FIB levels that sentiment changes and it is starting to change below the 50% FIP

Level yeah for that particular structure that we’re dealing here or dealing with here so I hope that’s that’s sort of clear and then if we zoom in a little bit um we have basically a shortterm bearish perspective here in the very short term I recommend that you don’t

Really try to trade these Nano waves intraday volatility just will kick you out of the trade very rapidly um it’s choppy okay so it’s a typical chop in a correction it’s corrective price action so you will see sometimes invalidations these patterns are very fragile so far we haven’t had any invalidation but it

It’s still you know for example we had a three-wave move down that could be an a-wave overshooting b-wave possibly here and then now a c-wave down but um it could also turn into something different it’s possible that the wave four already bottomed here yeah that we don’t get one

More low into the support region in fact wave four bottomed here already on Saturday and we broke briefly micro support here but you see it wasn’t even it wasn’t even a candle close it was just a wick nice reversal candle and yeah so it respected our support region

You could say it broke it but that was not a sustained break and no invalidation as I said in the last video invalidation point is here what does it mean inv validation Point well there is obviously a directly bullish pathway where we could say this is a wave 1 this

Here is a wave two and we’re going higher three 4 5 okay something like that Wave 1 wave two wave three wave for and so on and you know but um that would now take a sustained break above today’s high at basically 53k to confirm that and then we can move towards

54k um but yeah I mean again you get these ups and downs the market tries to do a lot of things at once it still looks very much like typical corrective price action so that’s my update about Bitcoin hope you like the update if you did please hit the like button leave a

Comment And subscribe and if you really like the content then please check out the channel membership also make sure that you follow us on Instagram and Twitter for additional content thanks a lot for watching bye-bye