BTCUSDT from 37332 to 48144 ( running flat )
wave target C
We expect the target of wave C to be around 61.8% or less of the length of wave A if we are going to form a flat climbing wave pattern.
This pattern indicates an acceleration of the price reversal in the opposite direction.
This is exactly what happened in wave C, strong rally, big candles
From 43,770 to 48,144
Router calculation from 37332 to 46700
wavelength A
46700 - 37332 = 9368
To calculate the assumed target according to the wave type we indicated
It achieves 61.8 or less A . length
So
9368 x 61.8% = 5789
We add the number to the bottom of the wave B
5789 + 43770 = 49559
That is, we can reach this number or less, and this is what has happened so far, with the price reaching 48144
With a difference of 1415
Add to drawing as well
61.8% is equivalent to 49559
50% is equivalent to 47348
38.2% is equivalent to 47,348
23.6% is equivalent to 45,980
And notice in the movement that the price is moving between 47348 and 45980
That is, the price is currently moving between 23.6 and 38.2 of the length of the wave A
So far, the analysis is very logical according to the movement and genre, and it took me a lot of time and effort
To re-analyze and think to reach the closest analysis, to the kinetic matching of the price
Have they finished the uptrend or not?
According to Elliott's theory
It is this type of wave that we can achieve the target 49559 or less
And it was 48144. Was he satisfied with it? (I think yes)
Especially since we calculated five ascending waves in the previous analysis and mentioned the point 47887
It is a bullish target, and if it exceeds it we move upwards by expanding the trend
And the negative sign is a break of 45,980
wave target C
We expect the target of wave C to be around 61.8% or less of the length of wave A if we are going to form a flat climbing wave pattern.
This pattern indicates an acceleration of the price reversal in the opposite direction.
This is exactly what happened in wave C, strong rally, big candles
From 43,770 to 48,144
Router calculation from 37332 to 46700
wavelength A
46700 - 37332 = 9368
To calculate the assumed target according to the wave type we indicated
It achieves 61.8 or less A . length
So
9368 x 61.8% = 5789
We add the number to the bottom of the wave B
5789 + 43770 = 49559
That is, we can reach this number or less, and this is what has happened so far, with the price reaching 48144
With a difference of 1415
Add to drawing as well
61.8% is equivalent to 49559
50% is equivalent to 47348
38.2% is equivalent to 47,348
23.6% is equivalent to 45,980
And notice in the movement that the price is moving between 47348 and 45980
That is, the price is currently moving between 23.6 and 38.2 of the length of the wave A
So far, the analysis is very logical according to the movement and genre, and it took me a lot of time and effort
To re-analyze and think to reach the closest analysis, to the kinetic matching of the price
Have they finished the uptrend or not?
According to Elliott's theory
It is this type of wave that we can achieve the target 49559 or less
And it was 48144. Was he satisfied with it? (I think yes)
Especially since we calculated five ascending waves in the previous analysis and mentioned the point 47887
It is a bullish target, and if it exceeds it we move upwards by expanding the trend
And the negative sign is a break of 45,980
Comment:
Update on what happened so far
From the highest point 48144 to the lowest 45500
We were talking about that the 45564 point is a strong point and the possibility of going up or stopping for a period of time
This is exactly what happened
Moreover, it has formed five descending waves from 48144 to 45500 minimum.
Any rise now will be followed by a decline
Officially, the bullish wave has ended and we have entered a bearish wave that broke 45564 and is heading to 44,000 and then 42420 in the future.
From the highest point 48144 to the lowest 45500
We were talking about that the 45564 point is a strong point and the possibility of going up or stopping for a period of time
This is exactly what happened
Moreover, it has formed five descending waves from 48144 to 45500 minimum.
Any rise now will be followed by a decline
Officially, the bullish wave has ended and we have entered a bearish wave that broke 45564 and is heading to 44,000 and then 42420 in the future.
Comment:
Since we have not yet broken 45564
The upside scenario and achieving the target is still 49559 - (50653 - 51083 - not exceeding 52663)
The upside scenario and achieving the target is still 49559 - (50653 - 51083 - not exceeding 52663)
Comment:
Still the two most important points of all
47887 and 45564
If we want to go up and achieve the goal to the top, we must cross 47887
And breaking 45,564 we achieve the landing goals
These amazing points
This was the last ascent among these amazing points
After achieving the last peak at 48144
Coming down from that peak, the waves become tangled, and it's hard to read accurately
So we follow the most important points 47887 and 45564
Good luck everyone
Good evening
47887 and 45564
If we want to go up and achieve the goal to the top, we must cross 47887
And breaking 45,564 we achieve the landing goals
These amazing points
This was the last ascent among these amazing points
After achieving the last peak at 48144
Coming down from that peak, the waves become tangled, and it's hard to read accurately
So we follow the most important points 47887 and 45564
Good luck everyone
Good evening
Comment:
Obviously we are creating a knot triangle
Its internal structure is ABCDE
3-3-3-3-3
This type of wave comes at the end of the bullish wave, which is a clear indication of the end of the bullish wave and the reversal of the bullish to bearish trend.
I'll attach an analysis to make the picture clearer, but I don't have time for that right now
The important thing is that we know that we are at the end of an uptrend and that the reversal is very close from bullish to bearish
Its internal structure is ABCDE
3-3-3-3-3
This type of wave comes at the end of the bullish wave, which is a clear indication of the end of the bullish wave and the reversal of the bullish to bearish trend.
I'll attach an analysis to make the picture clearer, but I don't have time for that right now
The important thing is that we know that we are at the end of an uptrend and that the reversal is very close from bullish to bearish
Comment:
Sorry wave name
CONTRACTING TRIANGLE
CONTRACTING TRIANGLE
Comment:
Thank God the analysis agrees 100%.
And being the first bearish wave in five waves from 48053
to 45239
Now it will rise to 38.2 to a maximum of 61.8 of the length of this wave and then fall again
Congratulations on technical analysis, even if the wave before it was very confusing
38.8 equals 46313
61.8 equals 46978
The bullish wave ended completely and the highest point was 48144 and the other peak was 48053
It did not exceed 49559, which we referred to as the target or less
I'm really surprised.... congrats for myself first and you second
Warm applause guys
The real points were more than wonderful, especially 47887 and 45564
And being the first bearish wave in five waves from 48053
to 45239
Now it will rise to 38.2 to a maximum of 61.8 of the length of this wave and then fall again
Congratulations on technical analysis, even if the wave before it was very confusing
38.8 equals 46313
61.8 equals 46978
The bullish wave ended completely and the highest point was 48144 and the other peak was 48053
It did not exceed 49559, which we referred to as the target or less
I'm really surprised.... congrats for myself first and you second
Warm applause guys
The real points were more than wonderful, especially 47887 and 45564
Comment:
I am sorry for the speed of writing and my eagerness to transfer the information 38.2, not 38.8. There is an error due to the speed of writing
Comment:
We confirmed that breaking it would cancel the scenario of ascending to the 50000 level
Reached the lowest level so far 45519
Stop and respect the great efforts. To your little brother to determine the points
If 45,564 is broken, we will see 44000 and then 42420
In general, this point is strong and it is natural to start from it or at least stop at this point 45564 for a period of time
As shown in the figure 45564