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

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

[Music]
hello and welcome to another update
video about Bitcoin yeah unfortunately
not much more action um on Friday so
there wasn’t really much now it’s uh you
know after the daily candle close it’s
still the same situation here on this
chart um as I said in the last video we
we might not see much more action it was
Friday okay now we are in the weekend
all right and hopefully you will all
have a great weekend and I think
typically the Saturday is rather quiet
especially if the Friday was quiet the
Thursday was quiet maybe on Sunday we
see a bit of action so it it just feels
to me like a quiet weekend we’ll see
what happens but the levels are clear
the levels haven’t changed we are
basically above support below resistance
and it’s yeah it’s pretty balanced in
terms of probabilities what would be
ideal on this chart is if we could get
at least this one more leg up but
obviously this is an assessment on the
micro level fairly unreliable but there
is not much else that’s going on I mean
the 1 hour chart hasn’t changed really
we’re still in this ongoing sideways
correction A lot of people getting
frustrated lot of people switching off
um I always see that on the you know
when I look at the views on YouTube now
typically when enough people have
switched off that’s when the markets are
starting to move just has to do with the
typical characteristic of a fourth wave
fourth
waves frustrate people and obviously
we’re dealing here with the two
scenarios one of them is the fourth wave
is
finished could have bottom on the 19th
of April we’re currently you know
observing that watching that we
assessing based on the latest micro
structures and then in the other
scenario we go down a little bit lower
but that would then mean that we are
still in a fourth wve correction which
started here around the 14th of March so
it’s pretty pretty boring and that’s
typically what a fourth wave does right
it’s it’s just Bor you know it’s boring
people out
and someone asked me in the previous
video in in the comments if you know if
it’s correct that this structure here is
long-term bearish absolutely not this is
uh obviously we’re holding above support
that’s what the boxes are for as long as
we’re holding above support and we’re
not even close to the lower support
level as long as we’re holding above
support everything is okay nothing
bearish here on this chart so if we zoom
in a little bit let’s talk about
short-term bullish short-term bearish
this is now obviously really an
assessment on the Nano level for anybody
who’s interested understand if you’re
not because not much happened but the
idea is still that um in the shortterm
bearish count a b wve could have topped
here it’s a corrective wave followed by
a five-wave move to the downside 1 2 3 4
5 I think it counts better as three
waves down but that is a valid and
reasonable assumption five waves down
and then because this move up was five
waves this could be the a wave in the
white count of a wave two after the wave
1 bottomed yesterday no on Thursday then
a wave up B wve down C wve up that is
sort of what I see as a likely scenario
um one more High seems likely given that
this a-wave was in five waves typically
suggest that there should be another
high but yeah we’ll see in this white
count the resistance level of 66.4k
shouldn’t be broken and this would be
the ideal area where that c wve should
start and then we can get a third wave
down if we see a reaction in the
resistance are area obviously if we get
a break below yesterday’s or below the
Thursday low that would confirm already
that we’re in the third wave down now in
the short-term bullish count the move to
the upside from the 19th of April low
was a five wve pattern you can count
that as five waves both in the b-wave
scenario and in the wave 1 in the b-wave
scenario this is the c-wave of wave B
again that gets maybe too academic now
too complex corrective pullback into to
the support Zone small reaction to the
support Zone ried into resistance
getting rejected three waves down so and
now it’s basically the ideal spot to
start either the c-wave in white or the
third wave in yellow ideally from here
ideally from here and then yeah we have
to watch the levels in the resistance
area between
65,800 and 66,500 but as long as we are
above support below resistance there
isn’t really anything
that here anything game you know nothing
is changing the game here
and yeah it’s just boring so hopefully
we get a bit of bit of action um I don’t
I think we’ve I’ve run out of things to
say there isn’t much more to say already
a break below obviously yesterday’s low
at
63.3k will increase probabilities that
we are heading down in the white count
um and yeah obviously that would be
confirmed with a break below the
Thursday low
if we get another low it should take us
sort of towards around about
57,500 maybe
55960 okay we have to be patient have a
great weekend hope you like the update
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bye-bye for

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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.

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