Latest posts

    Bitcoin – Ready to reach 30k! (watch this trendline)

    September 26, 2023

    Bitcoin – Price in 2025 revealed! (Take profits here)

    September 22, 2023

    Bitcoin – 202% profit, next target 79959 USD!

    September 18, 2023
    Telegram RSS
    • Where to trade crypto?
    • Best way to trade futures
    • Best way to trade spot
    • The holy grail of trading
    • The game changer
    Telegram RSS
    Tolberti
    • Home
    • Education
      1. Motivation & Strategy
      2. Technical Basics
      3. Candlesticks
      4. Chart patterns
      5. Indicators
      6. FIbonacci
      7. Elliott wave
      8. Harmonic patterns
      9. View All

      My Books: New cover and content

      August 10, 2023

      Looking for traders with multi-year experience

      April 13, 2023

      What is drawdown in Trading

      December 2, 2022

      Trading Psychology and its Importance – Tips For a Winning Mindset

      November 2, 2022

      Price action trading strategies that you need to know

      November 2, 2022

      Support and Resistance – A basic concept of technical analysis

      November 2, 2022

      Technical analysis explained – What is it and how does it work?

      November 2, 2022

      The most common mistakes technical analysts make

      November 2, 2022

      Candlestick Patterns – Complete Guide to Bearish and Bullish Candlesticks

      November 2, 2022

      Rising three methods

      August 11, 2022

      Falling three methods

      August 11, 2022

      Spinning top

      August 11, 2022

      Rising & Falling Wedge

      January 20, 2023

      Bullish Pennant

      January 20, 2023

      Bull Flag

      January 20, 2023

      Head and Shoulders

      January 20, 2023

      OBV – On-Balance Volume

      December 2, 2022

      Market Profile – A Complete Guide

      November 2, 2022

      Ichimoku cloud

      August 18, 2022

      Moving average (MA)

      August 18, 2022

      Fibonacci and Market Analysis

      August 13, 2022

      4 mistakes that Traders should avoid while Trading with Fibonacci

      August 13, 2022

      Why Fibonacci Series is important for Technical Analysis

      August 13, 2022

      A complete overview on trend and theory of retracement

      August 13, 2022

      Elliott Wave Cheat Sheet: All You Need

      August 14, 2022

      Elliott Wave Theory: Complex guide

      August 14, 2022

      Elliott Wave: All About How To Count

      August 14, 2022

      Leading And Ending Diagonal: How To Trade Them

      August 14, 2022

      Alternate bat pattern

      October 1, 2022

      The List of All Known Harmonic Patterns & Ratios

      October 1, 2022

      Cypher pattern

      September 1, 2022

      ABCD pattern

      August 13, 2022

      My Books: New cover and content

      August 10, 2023

      Looking for traders with multi-year experience

      April 13, 2023

      Rising & Falling Wedge

      January 20, 2023

      Bullish Pennant

      January 20, 2023
    • Technical analysis

      Bitcoin – Ready to reach 30k! (watch this trendline)

      September 26, 2023

      Bitcoin – Price in 2025 revealed! (Take profits here)

      September 22, 2023

      Bitcoin – 202% profit, next target 79959 USD!

      September 18, 2023

      Bitcoin – Pump to 31k soon! (Diamond pattern)

      September 13, 2023

      Bitcoin – This week 10% pump or 10% dump! (BREAKOUT)

      September 10, 2023
    • Info
      • Where to trade crypto?
      • Looking for traders!
      • Crypto news
      • Crypto converter
      • My TradingView
      • Best way to trade futures
      • Best way to trade spot
    • Contact
    • My books
    • Join premium channel
    Tolberti
    Home»Technical analysis»Bitcoin to 10K! Disgusting
    Technical analysis

    Bitcoin to 10K! Disgusting

    By TolbertiMarch 8, 2023No Comments
    Facebook Twitter Telegram WhatsApp Reddit Pinterest Email
    Share
    Facebook Twitter Telegram WhatsApp Reddit Pinterest Email
    • This is a bearish technical analysis of Bitcoin . It’s supported by technical tools, and I am not saying this is going to happen; this is just a scenario because we need to consider all possibilities.
    • First of all, we need to take a look at the bearish wave from November 2021 to November 2022. It definitely looks like an impulse wave; it’s pretty obvious, but I have seen a lot of failed impulses on the other side. You may say that it’s not an impulse but a WXYXZ triple-three corrective pattern. It’s possible, but in my opinion, these patterns tend to have more sideways price action than steep. You may also say that it’s an ABC correction, but there are clearly 5 waves.
    • Since November 2022, Bitcoin has been going upward. The wave looks very strong, and I think we will reach levels above 25K before a potential drop to 10k to complete an ABC correction. It’s very likely that this is going to happen.
    • Currently we are in wave B, which is a corrective wave, and we could end this wave at around 20k or 19k at the 0.618 FIB retracement.
    • I do not watch news often, to be honest; I am more of a technical guy, but I can’t ignore the Binance bad news. There is speculation about the closing of the Binance US exchange, and their stable coin, Binance USD (BUSD), has some problems as well. But I am not surprised at all. A potential collapse of Binance could send Bitcoin to 10k in just a matter of days. For example, you can take a look at the COVID crash in 2020; it was a pretty fast liquidation of longs.
    • 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.
    • 10k is a strong psychological level, and there is plenty of reason to buy Bitcoin here. 0.618 LOG FIB retracement and the start of the GAP are definitely reasonable targets.
    • Like I said before, this analysis is just a scenario that could happen to give you more perspective on the market. I always have a bullish and a bearish scenario ready to execute, so it’s not about being wrong or right; this is not how you trade markets.
    • Let me know in the comment section, do you think Bitcoin is going to drop to 10k? Or we are going to a new all time high.
    • https://www.tradingview.com/chart/BTCUSDT/IsumRLzR-Bitcoin-to-10K-Disgusting/

     

    Share. Facebook Twitter Telegram WhatsApp Reddit Pinterest Email
    Previous ArticleBitcoin – Best plan for the next week!
    Next Article Buy Bitcoin at 17600 | Secret level
    Tolberti
    • Website

    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.

    Join premium channel
    Join Premium
    Random education
    Indicators

    VWAP – Volume-weighted average price

    TolbertiBy TolbertiAugust 17, 20220

    If you are wondering what the Volume Weighted Average Price (VWAP) is or how to…

    Harmonic patterns

    The List of All Known Harmonic Patterns & Ratios

    TolbertiBy TolbertiOctober 1, 20220

    This is the List of All Known Harmonic Patterns & Ratios. If you want to…

    Candlesticks

    Morning star

    TolbertiBy TolbertiAugust 11, 20220

    The morning star candlestick pattern is considered a sign of hope in a bleak market…

    Chart patterns

    Rounding Bottom

    TolbertiBy TolbertiJanuary 5, 20230

    What Is A Rounding Bottom Chart Pattern? In technical analysis, a rounding bottom pattern, also…

    Harmonic patterns

    ABCD pattern

    TolbertiBy TolbertiAugust 13, 20220

    Harmonic Patterns are one of the powerful advanced price action techniques that are used to…

    Random analysis
    Technical analysis

    Bitcoin is heading to 33k! (REACT FAST)

    TolbertiBy TolbertiMay 29, 20230

    We need to react to the recent price action of Bitcoin and switch from a…

    Technical analysis

    Bitcoin BTC – Ready for a massive uptrend! | Elliott wave

    TolbertiBy TolbertiAugust 26, 20220

    Bitcoin has successfully completed a retracement of the first impulsive wave! This correction was very…

    Technical analysis

    Ethereum – The downtrend is over! Time to buy again.

    TolbertiBy TolbertiApril 21, 20230

    Ethereum is approaching a key support, and it’s a good time to buy/long! If we…

    Technical analysis

    Bitcoin – New CME GAP! + All unfilled GAPS (cheat)

    TolbertiBy TolbertiApril 11, 20230

    Bitcoin has created a new CME GAP between 28215 – 28265. It’s also the POC…

    Technical analysis

    DXY – Dollar comeback and stock market crash! (prepare for it)

    TolbertiBy TolbertiApril 9, 20230

    The DXY index is currently sitting on the major support, and at this point, I…

    Free technical analysis and education from a professional trader. Go to the "education" section and start learning immediately.

    💡Join premium channel on Telegram (my trades, signals) - get access.

    ✅1 month: 49 USD
    ✅4 months: 99 USD
    ✅12 months: 149 USD
    ✅Life Time: 249 USD

    💡My books: 9900 USD

    Latest posts

    Bitcoin – Ready to reach 30k! (watch this trendline)

    September 26, 2023

    Bitcoin – Price in 2025 revealed! (Take profits here)

    September 22, 2023

    Bitcoin – 202% profit, next target 79959 USD!

    September 18, 2023
    Get Informed

    Subscribe to Updates

    Get the latest news about crypto, technical analysis and trading.

    Telegram RSS
    • Home
    • Education
    • Technical analysis
    • Info
    • Contact
    • Terms of use
    • My book
    • Join premium channel
    © 2023 Tolberti.com. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.

    This website uses cookies to give you the most relevant experience.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT