Trading Bitcoin | Buy Orders | Elliott Wave (Mar 2020)

Trading Bitcoin | Buy Orders | Elliott Wave
Market: Crypto (BTC/USD)
Analysis Type: Swing Trading (buy & hold)

Trading Bitcoin has been running nicely, with the patterns aligning and with the swings confirmed.
BTC/USD is going through a “decisive” phase, in the sense that if it’s destined to rally, it should happen very soon, if not right now.

I believe that a good buying opportunity could be right around the corner for those who are Trading Bitcoin.
This is because, so far, all swings I called actually worked.
Now, there is a realistic possibility that BTC/USD has finalized the correction, and might just shoot on the up-side in a very impulsive manner.

From a technical analysis standpoint, and from and Elliott Wave perspective, Bitcoin would be starting the 3 of 3’s.
An impulse should begin shortly; to be witnessed, tracked and exploit it.

Trading Bitcoin | Recap

• Bitcoin and the next Crypto Bull Market
  First I was getting ready for the last drop before the “radical”.
• Bearish Santa & December’s Trends – Christmas Gifts
  Then I acted like Santa, and the “bull horns” came out shining.
  
• Bitcoin Trading | Sell & Buy Orders | Elliott Wave
  After that I doubled-down, calling both the short and long levels.

Million BTC question?

BTC/USD ready to shoot towards 30k?

Yes, that’s the plan with this article right here.
I believe that we are about to embark on a very fast rocket, for a bullish journey.
In fact, if this is what I think it is, forget about the moon, forget about Mars! BTC could go interstellar!
In simple words, 30k could be just a milestone.

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Trading Bitcoin | Technical Analysis | Elliott Wave

Trading Bitcoin could be the next BIG “game changer”.

With stock-markets plunging, trader wars or virus fears, fiat money might just become a thing of the past.
Global debt is reaching record highs and not stopping, banks are dodgy and about to go bust, artificial stimulation, etc.
This “money ecosystem” simply does not work. Central banks are buying governmental bonds with printed money, fake money.

Think about it! How much time can this still go on? The BIG Bubble is inevitable …

The Market Crash road-map shared back in April 2019 has been going as planned, and it’s not a “”peachy” look…

• Market Crash Cycles | Macro Trends | Elliott Wave Structures

BTC/USD has been labeled in a complete 1-2-1-2 sequence, with the Cycle degree correction finalized, and with it’s sub-wave correction finalized as well.
From what I can see, BTC/USD could be destined to rally from here, and it should be the “bull rocket”.

Let's break the technicals down!
That's what you're here for right?

BTC/USD – Weekly Chart (picture)

BTC/USD (weekly) has been labeled within a Cycle Degree wave III starting point.

Cycle Wave II (black) has been called as the bottom during Dec 2018, unleashing the Crypto Bull Market.

Primary (2) (green) hit the bottom in December 2019.

• Cycle II (black) Structure – Double Flat
  Dec 2017 peaks and down until Dec 2018 bottoms – Cycle II (black)

• Primary 1 (blue) Sequence – Impulse
  Break-out and confirmation of a bullish sequence.

• Primary 2 (blue) Structure – Correction
  Descending Channel unfolding within a complex Triple Three sequence.

• Next expected swing
  Bullish Impulse, with a rally in the 3 of 3’s, of a Primary degree.
  Levels in focus: $7800 & $5550.

• Dominant Trend
  Bullish Impulse (Rally) presenting an Extension towards $35K and then beyond.

• Structure Change
  Primary 2 (blue) invalidation is at $3122.28.

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

BTC/USD – Daily Chart (picture)

• Primary 2 (blue) Structure – Triple Zig-Zag
  Zig-Zag structures in all intermediate degree waves, (W)(X)(Y)(X)(Z) (pink).

• Intermediate (1) (green) – Leading Diagonal
  Motive Wave structure, in an ascending wedge formation.

• Intermediate (2) (green) – Zig-Zag – Termination Points
  Golden Ratio (61.8%)  – Fibonacci Retracements of Intermediate (1) (green).
  * 78.6% if the bearish correction extends.

• Dominant Trend – Levels in Focus
  61.8% FR: $7980
  61.8% FR: $7300

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

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BTC/USD | Intraday | Elliott Wave

BTC/USD – 4H Chart (picture)

• Intermediate (2) (green) Structure – Zig-Zag
  Leading diagonal in Minor A (red).
  Running Flat in Minor B (red).
  Impulse in Minor C (red).

• Intermediate (3) (green) – Expectations
  Bullish Impulse, Extension in a Rally.

• Technicals – Favorable Details
  – Descending Channel within a Complex Correction
  – Bearish Divergence at the termination points of Minor C (red)
  – Potential Hidden Divergence at key Fibonacci Retracement levels.
  – Bull-Flag Pattern in Intermediate (2) (green)
  – 61.8% Fibonacci Retracements of Intermediate (1) (green)

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

What are the best BUY levels for BTC?

Trading Bitcoin | Buy Orders

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Bullish | BUY Levels

• Aggressive Entry @ Market Price (approx. $8000) with SL @ $6350

• Moderate Entry @ $7300 with SL @ $5000

• Conservative Entry @ $5500 with SL @ $3180

• TP @ $12000 / $15000 / $18000 / $20000 / $23000 / $ 25000 / $30000

Safety Measures:

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