Bitcoin PUMP & DUMP / What is happening REVIEWING !
Bitcoin What is happening REVIEWING !
The analysis of the situation what has happened !!!
What do we have:
1. The big wave 3 ending at 10050$
2. Correction to the third wave of ABC (in large on the chart)
3. The five passed from the level 8600 up to the level 10400
4. The correction returns to the range 9300-9000 while the price clearly worked out the limit of the large channel below
Conclusions :
What do we have
Variant № 1: The fifth impulse wave which doesn’t correspond in size to the first two impulse waves it can be seen at the figure below. Impulse waves 1 and 3 are different in structure, in time, in volume but the question is in that whether it can be the final five in that big five wave structure.
In general it is so and than from this level there is the global correction of this five wave structure in the view of big correction wave ABC supposingly, THE PROVE OF THIS VARIANT will be breaking through and consolidating below of this big channel shown at the figure which begins at 4000, or an average breaking through and consolidating below the level 9000 -8600 at the figure. Everything is clear at this point!
Variant № 2 : The first entering small five impulse is formed at the chart. Now there is a correctional structure towards it, after the correction there will be a new towards movement, and when it should go as an impulse and it was only the first impulse wave, and then we will have the same minimum and most likely the third and the fifth, and then the fifth impulse the big wave corresponding to the first and the third global waves will be formed, the conclusion from this description is, if the second variant will happen and then we can confidently say that the growth will not end at the standard calculation level 0,618 % or 10800 $ and it will be even high!!! It will be in structure, in time and in volume. The second variant is better for now!
Reflection:
Really we observe the manipulation in price but it is the market and it is really so, it was so, and it will be so, but in all cases everything is clear and a trader always has a mechanism such as Stop Loss and Take Profit in the frame of technical analysis.
As for me, in such situation, the second variant is more convenient but you need to observe the market everything changes, but invariably stable is only the channel from 4000 represented on the chart
Profit to you all, be careful!
Attention!
The forecast of financial markets is a personal author’s opinion. The current analysis is not a trade manual. The author has no responsibility for the result, which can be from the use of trade recommendations from the given reviews.
The analysis of the situation what has happened !!!
What do we have:
1. The big wave 3 ending at 10050$
2. Correction to the third wave of ABC (in large on the chart)
3. The five passed from the level 8600 up to the level 10400
4. The correction returns to the range 9300-9000 while the price clearly worked out the limit of the large channel below
Conclusions :
What do we have
Variant № 1: The fifth impulse wave which doesn’t correspond in size to the first two impulse waves it can be seen at the figure below. Impulse waves 1 and 3 are different in structure, in time, in volume but the question is in that whether it can be the final five in that big five wave structure.
In general it is so and than from this level there is the global correction of this five wave structure in the view of big correction wave ABC supposingly, THE PROVE OF THIS VARIANT will be breaking through and consolidating below of this big channel shown at the figure which begins at 4000, or an average breaking through and consolidating below the level 9000 -8600 at the figure. Everything is clear at this point!
Variant № 2 : The first entering small five impulse is formed at the chart. Now there is a correctional structure towards it, after the correction there will be a new towards movement, and when it should go as an impulse and it was only the first impulse wave, and then we will have the same minimum and most likely the third and the fifth, and then the fifth impulse the big wave corresponding to the first and the third global waves will be formed, the conclusion from this description is, if the second variant will happen and then we can confidently say that the growth will not end at the standard calculation level 0,618 % or 10800 $ and it will be even high!!! It will be in structure, in time and in volume. The second variant is better for now!
Reflection:
Really we observe the manipulation in price but it is the market and it is really so, it was so, and it will be so, but in all cases everything is clear and a trader always has a mechanism such as Stop Loss and Take Profit in the frame of technical analysis.
As for me, in such situation, the second variant is more convenient but you need to observe the market everything changes, but invariably stable is only the channel from 4000 represented on the chart
Profit to you all, be careful!
Attention!
The forecast of financial markets is a personal author’s opinion. The current analysis is not a trade manual. The author has no responsibility for the result, which can be from the use of trade recommendations from the given reviews.
Trade closed: target reached