Elliott Wave Theory (as I see) for COINBASE:BTCUSDT by BTC-XLM

Hello friends,

What is going on?

1- China (viabtc)
China's crypto censorship reaches over news outlets and mining pools
Chainnews, one of the major Chinese crypto media outlets, is shutting down. Meanwhile, the domains of major crypto mining pools have almost simultaneously become inaccessible for normal China IP addresses.
theblockcrypto.com/post/125533/china-crypto-censorship-media-mining-pools

2- first European case of new Covid variant
seems coronavirus is a new challenge for human beings! It was not until yesterday?! :)

ft.com/content/8245c992-4a4d-4110-b10c-b294c41d501c

Crude oil -12%

Elliott Wave Theory:

Bitcoin started a new uptrend in 1 Oct 2021. This uptrend stalled and turned lower in 21 Nov 2021. Bitcoin’s price began going through corrections.

1-zig zag
2-Contracting triangle, descending top, bottom flat

What is next?

After these corections have been made, we have one Support line (red line) where a correction of the downtrend may stop and reverse back into an uptrend. Watch for movement from the red line!

Note

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 171,999,916 #USDT (171,999,916 USD) transferred from unknown wallet to #Binance

whale-alert.io/transaction/tron/80a494cf3333bbd54a5071bd19d3791d7443d9242374f6a5892ae4cc0ed21e56

Note

Think it:

"South Africa covid has been for a long time"

1- first European case of new Covid variant:

2- She has never traveled to South Africa ( after returning from a trip to Egypt via Turkey) !!!

[Belgium's national reference laboratory said the infected person was a young adult woman who had developed symptoms 11 days after returning from a trip to Egypt via Turkey.

reuters.com/world/europe/belgium-seeks-slow-down-social-life-fight-fourth-covid-wave-2021-11-26/
]

as a result:

South Africa covid has been for a long time!

this news represents Covid variant as worse than it really is!

Note

reuters.com/world/europe/belgium-seeks-slow-down-social-life-fight-fourth-covid-wave-2021-11-26/

Note

whale-alert

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 129,921,132 #USDT (129,921,132 USD) transferred from unknown wallet to #Binance

whale-alert.io/transaction/tron/293b8124a2bdaf08d5b0a0efece639eaa4890774af25d90facc8074e8fd63956

Note

New Covid variant, symptoms are ‘unusual but mild"

Mild !!!!

South African doctor who raised alarm about omicron variant says symptoms are ‘unusual but mild’

telegraph.co.uk/global-health/science-and-disease/south-african-doctor-raised-alarm-omicron-variant-says-symptoms/

what are you doing!!!

Note

Albert Einstein — 'Two things are infinite: the universe and human stupidity;

Note

(Bears) Its time to look over your charts of profits and losses,

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$ 58000 👍👍👍

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As I told you:

easing worries over the spread of the Omicron coronavirus variant
,👍👍👍👍👍👍👍 :)

SHANGHAI, Nov 29 (Reuters) - China's yuan touched a one-week high against the dollar on Monday, on corporate demand for the local currency and easing worries over the spread of the Omicron coronavirus variant

reuters.com/markets/currencies/chinas-yuan-rises-week-high-corporate-demand-omicron-jitters-ease-2021-11-29/

Note

Just Hold

Note

Pressure is mounting for SEC approval of Bitcoin Spot ETF in the U.S. following a new pending spot ETF approval in Canada spearheaded by none other than Fidelity Investments.

Fidelity’s Bitcoin Spot ETF product listing is titled “Fidelity Advantage Bitcoin” and pending approval to launch in Canada this week

nasdaq.com/articles/fidelity-to-launch-spot-bitcoin-etf-in-canada-as-pressure-mounts-for-u.s.-approval

Note

twitter.com/EricBalchunas/status/1465809288245485570?s=20

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Bots are getting on your nerves? :)
Bots are patient, how about you!

Note

Elon Musk ElonMusk Replying to coindesk

Dooooge Dec 2, 2021

twitter.com/elonmusk/status/1466325771656568836?s=20

As a result:

Seems market couldn't quite make out what he said.

bullish Dogecoin = bullish bitcoin!

Note

Now, Blue Whale is long!

do you remember? (blue whale target, $ 69k)

twitter.com/elonmusk/status/1451015695106560000?s=20

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Over 2.208 Million have last moved on-chain between 55k and 60k.

twitter.com/glassnode/status/1466677572608028673?s=20

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whale-alert 5 minutes ago

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 80,000,000 #USDT (80,000,000 USD) transferred from unknown wallet to #Kucoin

whale-alert.io/transaction/tron/236cc320676c4f73c4971ed56f9a6422243637c3870054bf6c096e08e2cac638

Note

🚨 🚨 🚨 🚨 🚨 50,015,434 #USDC (50,015,434 USD) transferred from unknown wallet to #FTX

whale-alert.io/transaction/ethereum/2476ae18c44e74efb015c9c55f2c79ab9a3ce8bb4905b392d0f6d4a511afc233

Note