MONEER 618 asks> Will Bitcoin Reach $73,000 Next October?

This analysis is a personal effort to help only.
It is not an invitation to buy or sell.

Conditions for this analysis
1- The value of Bitcoin must not be less than 32917
Any decrease below this level is considered null and void.
2- The current drop from 48,189
Maximum does not close weekly or daily candles below 36564
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Analytics
Wave C contains 100% of the length of wave A.
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Wave from 32917
Its internal structure was composed of three waves. this is the problem
After reviews, I've found that it doesn't stop it from being a wave
(Leading Diagonal)
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We're done with the wave
first
From 32917 to 45821 = 12904
the second
From 45821 to 34322 = 11499
the third
From 34322 to 48,189 = 13867
the fourth
From 48,189 to now
And the fifth will be almost bullish, it will be about 12000 points from the lowest point of the fourth wave Or almost at 51000
It follows the ABC correction wave.
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Then a strong climb
Until around October 24 2022
About $73,000 in Bitcoin
Good luck for everbody

Comment:

I will explain how this analysis is built
To benefit everyone and be a practical lesson for those who want to learn.
Because there are some important little tips.

1- Wave 69000 to 32917, wave C
We said that this wave is A B C
Here we are interested in the bottom of this wave and the MACD indicator
First bottom 42000
second bottom 32917
Compare these bottoms with the bottoms formed on the MACD
you will see a positive divergence, which means a difference in the bottoms
In addition, wave C was shorter than wave A.
And if it was
1 2 3 4 5
The a positive divergence should form between waves 4 and 5
This point is very important
But the difference in the bottoms was betweens the first and second bottoms
This is a good proof that the wave is A B C
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2- The first wave from 32917 to 45821
Achieved 61.8% of the last wave length B C
Meaning she achieved 61.8% of the height from 52088 to 32917
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These two points make the probability of a decrease from 69,000 to 32917
it is A B C
According to the bottoms formed by the MCCD indicator
and positive divergence
Not 1 2 3 We are in the fourth wave as some analysts believe.
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The rise of the first wave from 32917 to 45821
Achieved 61.8% of the length of the last wave
Indicates that we are about to build a new wave and end the decline at 32917
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Where is the problem with this analysis?
In the internal structure of the first wave 32917 and subsequent waves

In the normal position of the Leading Diagonal wave
Its internal structure consists of 5 waves, meaning it is
5-3-5-3-5
And the result we got
3-3-3-3-3
So I've been reviewing files and websites interested in Elliott Waves
and developments.

I finally found what I was looking for
Yes, the forward Leading Diagonal wave can be
3-3-3-3-3
In rare cases and in strong markets such as the cryptocurrency market
So I hastened to send this analysis which I've been thinking about for a while like a wave
From 64854 to 28805 wave A
From 28805 to 69,000 wave B
From 69,000 to 32,917 wave C
We are starting to enter wave D of 32917
The internal structure of each wave is A B C
I referred to this analysis in the previous analysis on February 7

Comment:

On the basis of this analysis
We will talk about the Leading Diagonal wave, its details, and the goal of the fifth wave
Based on the current situation for bitcoin .
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In the main analysis
We said that this type of wave comes in two patterns
The first consists of five waves, the internal structure is 5-3-5-3-5
The second type consists of five waves, the internal structure 3-3-3-3-3
Our current situation is the second type of Leading Diagonal wave.
As shown on the drawing in front of you.
=======
Let's dissect the wave and predict the target and style of the fifth bullish wave.
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The first wave: from 32,917 to 45,821
wave a b c
Its length is 12,904
The second wave: from 45821 to 34,322
wave a b c
Its length is 11,499
---
note :
The second wave reached about 90% of the length of the first wave.
====
The third wave: from 34,322 to 48,189
wave a b c
Its length is 13,867
Fourth wave: from 48,189 to the lowest point until now 39,200
wave a b c
Its length is 8,989

note :
The fourth wave reached 61.8% of the length of the third, approximately
========
Did the fourth wave end at 39,200
According to the theory of exchange between waves. Yes to a large extent.

Since the second wave was deep in the correction, so it is expected that the fourth wave will be shorter than the second wave. This is the most likely possibility

What about the target at the bottom of the channel 37000 - 36555
This is the possibility that we go to this number as the maximum of the fourth wave. This is only a possibility.

Conclusion :
The probability that the fourth wave ended at 39200 is 88%.
We are in the fifth wave
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Fifth wave:
From 39,200 and is expected to almost 51,000
That is wave will be strong impulsive.

And until the arrival or change in the course of events, I am with you in all new.
==============
I wanted to put all the details in front of you
To show you the picture
This is, of course, an Elliott Wave lesson.
I tried to apply Elliott's theory in every detail and he mentioned it to you
For everyone to benefit
Good luck for everbody

Comment:

This is the expected scenario
Is it now clear?

Comment:

This is the scenario I'm working on personally.
It is not an invitation to buy or sell
Managing your portfolio at your fingertips
I just help you
Without any responsibility, or accountability.

Comment:

The last strong support 38544, any break of this support Your target will be 36564

Comment:

Comment:

note :
The analysis still stands, nothing has changed in the analysis
We only say that this analysis is wrong if the decline is less than 34322 and of course if the previous low 32917 is broken
Final stop loss is 34322
Above this price areas to buy 34322
I repeat, the analysis has not changed
These are the areas from 36564 to 38544
Buying logic, not selling areas
Therefore, it is necessary to emphasize this
This is my opinion:
It is not an invitation to buy or sell

Comment:

If you don't mind, write me your opinion in the comments

Comment:

If you don't mind, write me your opinion in the comments

Comment:

Confirmation of entering a new wave requires that it exceed 41158
Other than this, we are still in a downward wave
is this clear
=======
I really don't understand why there is not a single comment on this topic

Comment:

Confirm it is necessary to climb above 41158
To confirm entry the new wave
Other than that, you are still in the downward wave
I repeat this to be careful
You see an impulse wave downward and an upward impulse wave
That's just I was in the wrestling arena for elephants

Comment:

And in my opinion
We'll see a drop
The type of drop will tell us the secrets of the wave

Comment:

I don't know how to get my point across
But I don't like this model
This means that the correction wave has completed and we are going down
I hope I'm wrong

Comment: