- It looks like the bear market is starting! It’s the last chance to sell Bitcoin and Ethereum before it’s too late.
- Per my Elliott Wave count, the major ABC correction has finished, and now we need to go down to 15k or 10k. Both targets are arguably good.
- On the road to 15k, you can see my levels on the weekly chart. All levels are very strong, and that’s why I expect a bounce from them. You can, of course, use these levels for your trades.
- I think the DXY index is ready for another big wave to the upside, and the FED will pivot soon, in May or June, so it will trigger a crash.
- This pump looks fake to me. It shows signs of weakness, and if I am wrong, there should be a correction anyway, because the market moves in waves, and if this is wave 1 => the usual correction is 0.618 FIB.
- We have major signs of warning, such as altcoin. They are really weak, and most of them are creating bearish patterns. It’s hard to see any uptrend from here for them.
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
- We have an unfilled CME GAP at 20145, which is a threat because all CME gaps were at least partially filled historically. 20k is also below the major horizontal support at 25k, which is another issue.
- Let me know in the comment section, do you think Bitcoin is going to crash to 15k or not? I look forward to your comments!
- The market pumped today (26 April), which is a good and last opportunity to sell at higher prices.
- Thank you, and for more ideas, hit “Like” and “Follow”!
Bitcoin – It’s over, crash to 15k starting!
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Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.