This is a continuation of the analysis on BTCUSD
(see older posts to get the full picture).
The market is evolving exactly as foretold.
Now the new "impulse 12345+xyzwxyz correction" combination has been
formed, that means that the higher trend(global 12345 bullish trend)
is about to continue.
Also there's some confirming this divergences, on 5m.
Don't have time to map them out, check for yourself(reversed bearish + bullish) .
It is hard to say whether the 5th wave of the parent impulse
will be stronger or weaker than the prolonged 3rd.
So it is most safe to assume that the future wave will be
not that strong, and set our targets as: 8350, 8467, 8667, 9k.
It is also questionable whether the current correction is fully evolved.
Don't panic if the price dance in a flat for a while with slides down to 7867
(such a correction continuation lays perfectly within the frames of the forecast).
But keep in mind, that this forecast is only valid if the price doesn't fall below 7700.
(below 7700 means that the current Waves Map is reconsidered, and
the forecast is invalidated).
Buy, don't be afraid of corrections, and good luck to you!
P.S. The bigger picture suggests that BTC will rise another 20-50% in the coming weeks.
Don't you try to short this instrument while the bullish trend is only starting!
(Only pros are able to dance like that. I, myself, am not shorting, and feeling pretty damn good about it).
(see older posts to get the full picture).
The market is evolving exactly as foretold.
Now the new "impulse 12345+xyzwxyz correction" combination has been
formed, that means that the higher trend(global 12345 bullish trend)
is about to continue.
Also there's some confirming this divergences, on 5m.
Don't have time to map them out, check for yourself(reversed bearish + bullish) .
It is hard to say whether the 5th wave of the parent impulse
will be stronger or weaker than the prolonged 3rd.
So it is most safe to assume that the future wave will be
not that strong, and set our targets as: 8350, 8467, 8667, 9k.
It is also questionable whether the current correction is fully evolved.
Don't panic if the price dance in a flat for a while with slides down to 7867
(such a correction continuation lays perfectly within the frames of the forecast).
But keep in mind, that this forecast is only valid if the price doesn't fall below 7700.
(below 7700 means that the current Waves Map is reconsidered, and
the forecast is invalidated).
Buy, don't be afraid of corrections, and good luck to you!
P.S. The bigger picture suggests that BTC will rise another 20-50% in the coming weeks.
Don't you try to short this instrument while the bullish trend is only starting!
(Only pros are able to dance like that. I, myself, am not shorting, and feeling pretty damn good about it).
Trade active:
Targets are: 8350, 8467, 8667, 9k.
Comment:
The bigger picture:
Comment:
The previous analysis:
Comment:
P.S. And don't forget to click the "Like". I'm doing this for the likes, no one pays me even a satoshi for this ) More likes = more appreciated I feel = more analyses coming. Everybody gains) And I always "like" other's ideas(if they are reasonable). So help the brother out ;) Hit it! Be a gent)
Trade active:
m1 inner pattern structure confirms mooning...
7:25 UTC
Comment:
i mean 4:25 UTC, the current time... sorry, my mistake. MOONING BABY!
Comment:
Also on m5. (m1 was the hard nut, I tell you... But doable...m5 is much less crippled with noise, easy)
Trade active:
Running smoothly... Heads up!
Below 7925 would mean that the Rally or at least the local uptrend is rekt for good.
This chart's been posted here in order to publicly define the conditions
confirming that at least the local rally has failed for good.
You may consider short if you see the price below 7925. All values higher are perfectly reasonable within the evolution model defined in forecast.
Don't be afraid of any reversed-bear-Wicks)))) Unless it drops below 7925 =))))
Below 7925 would mean that the Rally or at least the local uptrend is rekt for good.
This chart's been posted here in order to publicly define the conditions
confirming that at least the local rally has failed for good.
You may consider short if you see the price below 7925. All values higher are perfectly reasonable within the evolution model defined in forecast.
Don't be afraid of any reversed-bear-Wicks)))) Unless it drops below 7925 =))))
Comment:
Also notice that a correction down to 6767 ( you heard me right ) is possible within the boundaries of a uptrend. If we fall below - Rally is officially dead. I believe we proceed as expected in the charts above. Now is 1:30 UTC. Good night, fellow traders!
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about BTCUSD