Bitcoin Trading Idea | Next BIG Swing | Elliott Wave

Bitcoin Trading Idea | Next BIG Swing | Elliott Wave
Market: Crypto (BTC/USD)
Analysis Type: Swing Trading

Bitcoin Trading has been profitable for Crypto enthusiasts, especially with the latest bullish impulse adding to positive sentiment.
BTC/USD has shown a 100% increase, only between September and December 2020.

In my opinion, BTC could be preparing to shoot once more on the up-side, due to how the current structures look like.
I believe that a good buying opportunity could be right around the corner for those who are into Bitcoin Trading.

From a technical analysis standpoint, and from and Elliott Wave perspective, Bitcoin would be preparing to rally in the 5th wave.
Knowing how BTC behaves, this expected bullish swing might just present an extension, the overshoot in complacency.
A Bullish Impulse should begin shortly; to be witnessed, tracked and exploited.
After that, the Crypto Market would roll-on-down for a deeper correction.

Bitcoin Trading | Recap

“I called all the important Bitcoin tops and bottoms.”

Indeed I did, and the previous articles act as proof, with track-records of my work.

• Bitcoin and the next Crypto Bull Market
  Sep 2018: First I was getting ready for the last drop before the “radical”.
• Bearish Santa & December’s Trends – Christmas Gifts
  Dec 2018: Then I acted like Santa, and the “bull horns” came out shining.
  
• Bitcoin Trading | Sell & Buy Orders | Elliott Wave
  Aug 2019: After that I doubled-down, calling both the short and long levels.
• Trading Bitcoin | Buy Orders | Elliott Wave
  Mar 2020: But that’s not it, I actually called the bottoms as well.

I guess by now you get the picture.
In the lines to come, I’m going to share and explain the next best interpretation for Bitcoin Trading.
Not only that, but an important Bitcoin Trading Idea will be shared, with precise Entry/SL/TP.

Bitcoin Trading | Technical Analysis | Elliott Wave

BTC/USD is displaying an Elliott Wave bullish sequence, which keeps on growing in duration and time.
Because of this, it will be hard to believe that a major bearish leg would be seen, one that would change the destined direction.

BTC/USD - Weekly Chart

BTC/USD (weekly) has been labeled within a Super-Cycle Degree wave (III) (turquoise), mid-point development.
Super-Cycle Wave (II) (turquoise) has reached its bottom during Dec 2018, unleashing the Crypto Bull Market.

• Cycle I (black) Structure – Bullish Impulse
  Dec 2018 bottoms and up towards June 2019 peaks.

• Cycle II (black) Structure – Triple Flat Correction
  June 2019 peaks until March 2020 support.

• Cycle III (black) Sequence – Bullish Impulse
  Break-out and confirmation of a bullish sequence.

• Current Position – Intermediate (4) (green)
  Consolidation and Point of Interest.

• Next expected swing
  Bullish Impulse, with a rally in the Intermediate (5) (green).
  Levels in focus: $18500.
  Targets: $23500-25000.

BTC/USD – Weekly Interactive Chart
(click to open)

BTC/USD - Daily Chart

BTC/USD (daily) has been labeled within a Cycle Degree wave (III) (black), late stages of development.
Primary 5 (green) would be expected to finalize with the next expected bullish swing, and could also present an extension.
The Elliott Wave Channel empowers more gains ahead, and also signals the fact that Intermediate (5) (green) could be commencing along with a break-out.

• Primary 1 (blue) Structure – Impulse
  5-Swings Sequence in an impulsive manner, the breaking point.

• Intermediate (2) (blue) – Zig-Zag
  Corrective Structure, Retest & Support.

• Intermediate (3) (green) – Impulse – Termination Points
  Bullish Rally, presenting an Extension.
  The Elliott Wave Channel points towards more up-side.

• Intermediate (4) (green) – Running Contracting Triangle
  Sideways Correction points towards a break-out pending.

• Levels in Focus: $18500

BTC/USD – Daily Interactive Chart
(click to open)

Bitcoin Trading | BUY & SELL Levels

BTC/USD - 4H Chart

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• Intermediate (3) (green) Structure – Bullish Impulse
  Elliott Wave Channel in Minor 5 (green).

• Intermediate (4) (green) – Running Contracting Triangle
  ABCDE Structure (turquoise), with expectations for a Bullish Break-out.

• Intermediate (5) (green) – Favorable Technicals
  – Ascending Channel
  – Hidden Bullish Divergence
  – Sideways Correction & Continuation Pattern
  – 38.2% Fibonacci Retracement of Intermediate (3)(green)
  – Vibration Zone & Point of Interest

BTC/USD – 4H Interactive Chart
(click to open)

Best BUY/SELL levels for BTC?

Bitcoin Trading | Buy Orders

Bullish | BUY Levels

• Aggressive Entry @ Market Price (approx. $19150.00) with SL @ $16700.00

• Moderate Entry @ $18500.00 with SL @ $16700.00

• Conservative Entry @ $17200.00 with SL @ $14800.00

• TP @ $21000.00 / $22250.00 / $24000.00 / $25500.00

Safety Measures:

• Moving SL to beak-even when in the green.

Special Notes:

• BTC/USD needs to be watched around the 23000.00 Levels, as the minimum requirements for a 5th Wave will be met there.
  However, there is a realistic chance that this 5th Wave would overshoot, and cause a big spike.
  To be watched and continued…