Bitcoin [BTC]: Momentum Is Shifting In Crypto! This Is It.
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- Опубліковано 3 лип 2024
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⏰ Timestamps
00:00 20% Down?
00:54 US Dollar
01:42 Bitcoin Hourly
03:36 BTC 4-Hour
04:58 Daily Analysis
06:20 Total Market Cap
07:23 Elliott Wave
#cryptotrading #bitcoin #crypto
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Why do I always get burned on crypto? I'm already 40k in loss, and I never seem to get the right entry.
It's tough out there. Have you considered following a professional's lead?
Actually, I've been mirroring the pursuit of a pecuniary advisor named DESIREE RUTH HOFFMAN She's been phenomenal.
DESIREE RUTH HOFFMAN? I've heard great things about her. What's her plan of action?
@@AshleyKeith-vw7ws She's incredibly diligent with risk management and her peddle study is spot on. I've been following her guild-lines for a while now, and I can boast six figures in returns.
@@OliverLiam-px3vx That's impressive. How do you get started mirroring her trades?
Thank Michael - loved the update on the Elliot waves.
Thanks Michael. Clear, and concise as usual. So helpful.
Useful update as always... however I can't get on board with your Elliot wave count on Total1 and I think I need to just write down my thoughts as I've seen it on a few of your videos now. You mentioned you have an alternative count and would be interested if it's similar to the below which I think is more accurate based on EWT rules.
I do not think wave 3 has fully completed yet and we are in wave 5 of 3. Thoughts and reasons below.
The challenge I have is how you've marked the first wave in the larger 3rd wave.
Overall it's too short and is overlapping which is corrective by definition. Bullish waves are impulsive and consist of 5 waves. Even on lower timeframes, I can't see a 5-wave impulsive structure which suggests your count is off because I can only count 3 waves that are overlapping suggesting it's corrective. I believe the 5-wave impulsive wave 1 started a little bit higher on the chart which is what's causing the issue on the count and this was on the 25th of September 2023 at the 1.014T. Not the low of the larger Wave 2 on the 11th of September at 980B.
Alternative Elliot Wave count for Wave 3.
Wave 1 - 1.014T > 1.62T - 5 wave impulsive - 25th September > 9th December 2023
Wave 2 - 1.62T > 1.46T - ABC running flat - 9th December > 23rd January 2024
Wave 3 - 1.46T > 2.71T - 5 wave impulsive - 23rd January > 14th March 2014
Wave 4 - 2.71T > 2.04T - ABC expanded flat - 14th March > 1st May 2024 (current low).
Wave 5 - 2.16T > ??? - I believe we are here and have completed wave 1 of 5 and are currently finishing off wave 2.
In my opinion, the next leg up should therefore be wave 3 of 5 (of 3 the larger wave 3).
If correct then we likely have an overall linear target for wave 3 bringing us towards a range of 3.1 - 3.7T.
From there, we likely see an extended cool-off period where a larger wave 4 develops likely in a similar size (in regards to time) to the larger wave 2 you have marked. Then, most likely in Q4 we start wave 5 of 5.
Last part on the elliot wave counts is gold. Thank you
Fantastic. Thanks!!
Aussie legends. Thanks for all you do. Cheers.
Pizzino is ROCKING it!
An Eliot wave count on usdt dominace woyld be nice. Thanx for the video MIchael
Your content is pure gold
Thanks Michael, great content as always 👍
excellent michael thanks
Very welcome :)
As always, cheers Michael!🍻
Excellent quote
Great video!
İs it the final 5th leg of first leg of macro move or after this 5th leg up, do you think bull run will be over?
By the way, and you Michael may know better than me, but I think we are on Elliott wave 1. Neely and others say different assets have different frequencies. Commodities apparently tend to he highest on wave 5, but it looks to me that wave 1 is usually the "longest and strongest" in crypto. Have a great summer!
Brilliant video! i love your elliot wave videos. really informative :)
Thanks for your work this week mate, awesome content as always.
Hope you have a cracking weekend 🍻
Gm Mick ☕️
Fantastic job, Michael! You and Jason are truly my no nonsense go-to analysts. I am located in europe and enjoy the timing of your uploads so much, because there is always high quality analysis waiting when i sip my first coffee in the morning..
me too! I make my coffee and press Play.
Mega Dice Token is crushing it, hitting big time! 🏆🎲
Do you think the peak of “the wave 3 of wave 5” could come in higher than the peak of wave 5?
I have some questions in regards to time for each of the waves within wave 5. Would be good to get some clarity (if possible) on time, e.g. is wave 2 correction within wave 5 typically the shortest? Is wave 3 up leg longer than the final wave 5 up leg within the macro wave 5? If this makes sense would be good to know!
The bond market is telling Powell not to sound so hawkish, and they're right.
So much for inverse relationship with USD & risk assets when you see Nasdaq & S&P flying to new ATH over & over again while BTC sux
It is saying something!
Could you please also do your Elliott wave count for Solana?
Hi Michael, i saw another video earlier this day. He spoke about that BTC can go towards 64k, but for the total alt coin marketcap (without btc and eth) we cant.
It we go lower, we break the macro structure. Combined with the bands and rsi.
Can you take a look at it?
Alts have been bleeding lately, to much it feels like.
We going down, the dollar is gaining strength. At least over this weekend.
We are along ways away from any actual continuation in the bull market. Expect a few more months of downside. And alt liquidation. This cycle was suppose to be be the cycles of all cycles. Not planning out that way. No stimulus added with high interest rates and max manipulation.
Why Binance BTC chart? Those trendlines are wacky compared to Bybit and Coinbase.
Mega Dice Token has my unwavering support, solid performer. 🎲
engulfing weekly candle is what we will get tomorrow
This isnt the wave count video i was waiting for. Please do one with all possible scenarios and also a sub wave count to further your theses
Poor you 😂
25 K BTC
Retail needs to step in once again. Three or four months to go? Not sure, but it's coming soon
That sort of retail only steps in when they keep hearing about new all-time highs. That's why they flooded in earlier in the year and just as quickly vanished.
"Well what drives price up from lows then?" - it isn't retail, at least not of that sort people in crypto speak of as "retail."
Your 5th wave angle is less than the wave 3…anything can happen, but is it more likely that the 5th wave will be steeper?
Mine doesn't bend precisely at the end 🤷
This is simply the complacency stage before the next massive crash begins!!
Stop thinking BTC is the same massively volatile asset you are used to.
The state of the market is always the same, an Elliott Wave. You definitely know where you're going to end up every time: waves 1, 2, 3, 4, 5, in the direction of the trend/off the line, then a, b, c corrective. BTC, the alts, and memes follow it pretty much perfect over and over on every zoom level. It has to be that way, because of Elliot Wave Theory. An Elliott Wave has that distinctive shape it has because it is a fractal sort of like how the Mandelbrot set looks like it does. The MACD can usually distinguish position 1 from 3 or 5 so you know if there is 'one leg up' or its going into the corrective wave. Confidence level is similar to being sure not to find a foot growing out of your head. BTC period is about 1400 days, so the top is a ways off yet. Have a fun summer!
Shouldn't the end of the Petrodollar effect the dollar?
It will be a slow decline
We already finished wave 5 with the ATH in march.
😂😂😂😂😂😂
Lol, you must be new...... strap in buttercup
@@dsm577 of a higher degree one logically. The fact you react like tjis just shows your ignorance. You always have to be open to the possibilities that are still in the charts lol
TopG
Sealana’s returns are steady and reliable, very satisfied! 🌊💸
Maybe not first, but still the biggest Mr Pizzino fan
legend mate!
You should marry him then
@@ajdrums8075 I don’t think I could make the long distance relationship work
market veteran Peter Brandt says Bitcoin (BTC) might have already peaked this cycle, predicting a possible drop to $48,000.
Limits set from here to 59k
Catch that falling knife. Sounds like a good plan.
How long does wave 5 typically last?
1h
@@lurker668😅😂
Base Dawgz’s inclusive platform development highlights the power of collective input 🐕👥
Not long now til we pump so hard
Yes but down 😂
Following because there arent a million scammer bots in the comments
My opinion: now that mass ETF adoption has “normalized” Bitcoin, volatility will lessen over time. The problem with that is that it is less susceptible to not only large drops but large gains. Unlike a stock or ETF based on stocks, there are no “events” like sales/revenue reports to push the trading. That means we may see Bitcoin begin to behave like other commodities like gold and rarely go up in price in a big way as it stabilizes even more. In essence, having so many Bitcoins maxi’s call Bitcoin digital gold is becoming a self-fulfilling prophecy. It is destined to become a great store of wealth and stable as time passes, but will not see the massive gains of the past, and not make you rapidly wealthy as a long-term investor (not trader). You will have to play sectors and stocks for that to happen. The whole doomsday scenario where the economy must collapse for you to be wealthy: do you really think that is going to happen? Really really? You think the people in power will let that happen? They have gone to war over much less. Anyhow, just my opinion. Cheers.
Liquidity at 72 is black rock shorts it will never hit 70. Again
😂
Can you explain about the old alt coins will they ever recover all you guys scammed my crypto
👍👍
Had to re-watch the Elliot Wave analysis 3 times but it finally made sense! Great information! Hopefully the perma-bears don't watch this so we can make money off them 🤣
😂😂
🚀🚀
Bitcoin on base is the shit go in before u to late i bought at 0.06 now at 0.44 cent.
...I know nothing about trading/ Investing and I'm keen on getting started. What are some strategies to get started with?
⚠️ Ignore any random comments replying and recommending some random financal advisor. It's a scam.
Buy high sell low
Mean You!😂😂@@htravels808
Your brother said most likely 56k was the bottom of wave 4... and also even after thr wave 5 and the correctiom another sets of 5 waves can and most likely will occur.
Your ABC correction after wave 5 is way to low... usely we go back to the bottom.of wave 4
💯💯👍👍
Pizza guy delivering the goods
❤🎉
I honestly hate this shit I just want me lambo 😭😭😭
Who else feels this content is very insightful?
I did and always do. Thank you Michael 😊
This insight is very insightful. I am so blessed to have found the best financial adviser. God bless Thommy Salami. I am finally financially independent. My portfolio increased by 13.534% 😊
@@elwoodbulsara8643 d1ck ed
His Elliot Wave analysis isn't great but the rest is ok.
Posted 22 seconds ago. Just in time for breakfast
good timing!
Yeah I see that...
Dumpcoin keeps doing what it does best... Dump
This is a boring comment
(not the video that was fine) (My comments have been boring for months now! Going back into late last year). I need to come up with new materiel.
lol 😂
THR EPIC CRASH IS IMMINENT
Over-analysis as usual Michael… 😩
Blind Freddy can see we are just sliding into the next Bear Cycle. Top was in March 24, get out of your positions now or you will become a bag holder for years. Alts are getting absolutely destroyed
Liquidity cycle just start going up
Election year
Few months after halving
Everybody bearish at 65k
Its just started
Lets come back here at the end of the year
They say the market will correct til you think it’s over and only then will btc continue its accent
@@good2go4 I’ve almost sold everything now. Never getting g caught again. These UA-cam guys just want exit liquidity, they’ll tell you anything if it’s of benefit to them
we havnt had a bull run yet though. Just because BTC ran up a bit does mean a bull run happened. If anything we havnt fully broken out of the last bear market as new all time highs are not being posted across the board especially regarding market caps
@@matthewmintzer780 the fact everyone is so confident we are going to have a bull run and an AltSeason is enough evidence for me that we are having neither