Hello My friends.
How are you?
Today I want to talk about Bitcoin.
But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement.
Let me talk about Elliot first.
✔️ The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend.
✔️ The Elliott wave rules are that markets move in eight waves – five that move in line with the major trend overall, and three that move against it overall. Each wave is a move in the opposite direction to the one that preceded it.
Please check it out below Photo.
So, let's go into details.
I published an analysis of Bitcoin in the Weekly time frame and full cycle before
Let's look at that again.
So, according to my words, I want to show you all the waves and movements of Bitcoin.
We had five bullish waves. and after finishing, we have to wait for the correction waves. the correction waves contain A, B, and C.
Please look at Bitcoin on a big scale. the 5th wave of Bitcoin finished at 69K.and after that the correction waves began.
From 69K to 15500 USD: we call it A
From 15500 USD to 34-38K: we call it B
and now, we should wait for the C wave to begin.
Now I want to collect all the information.
after finishing the A wave, at this time we are at the end of the main B wave.
By Using Fibonacci retracement, we can find the PRZ levels as the target of the B main wave. It means 34-38K is the target of the main B wave. after that, the C wave will begin. The C wave contains 5 microwaves.
Please don't FOMO.
although, there is no money in the market. I still believe that the market needs more correction. and the main whales did not enter and they are waiting for the best position to enter the market at the cheapest price.
At this price, it is not sensible for them to enter the market.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Wish you the best 🙏🙏
Sincerely Yours 🌺🌺
Ho3ein.mnD
How are you?
Today I want to talk about Bitcoin.
But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement.
Let me talk about Elliot first.
✔️ The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend.
✔️ The Elliott wave rules are that markets move in eight waves – five that move in line with the major trend overall, and three that move against it overall. Each wave is a move in the opposite direction to the one that preceded it.
Please check it out below Photo.
So, let's go into details.
I published an analysis of Bitcoin in the Weekly time frame and full cycle before
Let's look at that again.
So, according to my words, I want to show you all the waves and movements of Bitcoin.
We had five bullish waves. and after finishing, we have to wait for the correction waves. the correction waves contain A, B, and C.
Please look at Bitcoin on a big scale. the 5th wave of Bitcoin finished at 69K.and after that the correction waves began.
From 69K to 15500 USD: we call it A
From 15500 USD to 34-38K: we call it B
and now, we should wait for the C wave to begin.
Now I want to collect all the information.
after finishing the A wave, at this time we are at the end of the main B wave.
By Using Fibonacci retracement, we can find the PRZ levels as the target of the B main wave. It means 34-38K is the target of the main B wave. after that, the C wave will begin. The C wave contains 5 microwaves.
Please don't FOMO.
although, there is no money in the market. I still believe that the market needs more correction. and the main whales did not enter and they are waiting for the best position to enter the market at the cheapest price.
At this price, it is not sensible for them to enter the market.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Wish you the best 🙏🙏
Sincerely Yours 🌺🌺
Ho3ein.mnD
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