When we measure the angular support points of the previous supply zones on the Btc dominant, we see an angle of about -5 -6 degrees below 0.
In the latest data measurements, it is seen that a harmonic pattern consisting of a main pattern and a fractal pattern is completed.
The retracement fibonacci data of the main pattern is seen to be extended by breaking the 0.886 support on the downside.
Since it is angularly compatible with the previous supply zones, the dominance value can return from here.
But from a technical point of view, we can expect it to extend to 1.13 and 1.27.
When we look at the technical measurements of Btc, this is seen as a more likely result.
When we examine the Btc candlestick data, I think it is in an elliot wave.
When we measure their wavelengths and volumes, we can see that the downward selling movement is weakening.
1st decrease action 18%
2 st decrease action 10%
3st decrease action is seen as 7%.
I predict that the last bearish action will remain at an average of 5%.
The 4 wave correction may be slightly higher from here or may continue to the downside from here. But I believe that the last wave will be completed.
But what I'm saying may be misleading. The reason is the 4h measurements I just mentioned. When we look at the daily time frame, we see that the 5th wave is completed. So if we think that daily data measurement is safer, we can think that elliot's last wave is complete.
If there is a sag down from here, it will be a normal price movement and the 18600-18000 price levels, which we observe as the 5th wave in 4h period, will appear as a normal candlestick data.
Thus, both the 4h measurement and the measurement we make in the daily period remain valid.
When we think of harmonic trading technically, we can assume that the D leg of the model can extend to the price levels we are talking about.
When we think technically through harmonic trading, we can assume that the D leg of the pattern will fall to the same price levels we are talking about.
Regardless of the data we have mentioned, if we examine the price movements within the fibonacci channel, which we evaluate with other technical measurements, we should not ignore the possibility of prices falling to the 1.618 levels of the fibonacci channel. In this case, prices may fall to 16400-16000 levels, not 18000.
Or both may happen and a retracement to the 1800 levels may occur, from where an upward test may take place and a pullback to the 16000 levels may occur.
For example, a ranking drop and test such as 18600 - 20000 - 16400 may occur.
When we look at the indicator data, if there is a declining action as we have hypothetically mentioned, the indicator data tells us with certainty that it will not be strong.
I am aware of how wrong statements such as definite in analysis comments are. I say this not as my interpretation but as indicator data. Do not think of opening a position by relying on this word. Act with your own strategy.
When we take a quick look at the indicator data in the daily period, the aroon up is at 7 levels.
If there is a regression, it drops to zero. That's not a big ratio.
In the same way, I observe the Rsi value as 30. Assuming that it will be pushed to 20 at most, this is not capable of pushing the price down very, very low.
Adx says that despite the decline, the selling reaction weakened when the price was at 20000 levels. It signals that there is acceleration in terms of bullishness.
I observe that a resistance has formed on the cmf and there may be a break down.
When we look at the volumes, the buying and selling volumes seem to be strong. After now that, frankly, I think the volumes will decrease a little more.
This can mean a consolidated accumulation.
These comments of mine were according to indikator data. Now, when we consider the two together, I think that the prices will consolidate between 16-18K with small up-and-down price movements.
That means rallying. There may be rallies in altcoins during these movements. Btc volume less movements, consolidation and accumulation, movement within the channel can activate the sub-coins.
This can mislead us. While we think that btc is falling, we can miss the lower coin rallies. In this case, the only safe way that makes sense to my mind is to buy piecemeal.
Thus, both the opportunity is not missed and the risk is reduced.
Of course, these are my thoughts. Never investment advice. Everyone should act according to their own investment strategy.
NOTE: This is not investment advice.
In the latest data measurements, it is seen that a harmonic pattern consisting of a main pattern and a fractal pattern is completed.
Since it is angularly compatible with the previous supply zones, the dominance value can return from here.
But from a technical point of view, we can expect it to extend to 1.13 and 1.27.
When we look at the technical measurements of Btc, this is seen as a more likely result.
When we examine the Btc candlestick data, I think it is in an elliot wave.
When we measure their wavelengths and volumes, we can see that the downward selling movement is weakening.
2 st decrease action 10%
3st decrease action is seen as 7%.
I predict that the last bearish action will remain at an average of 5%.
The 4 wave correction may be slightly higher from here or may continue to the downside from here. But I believe that the last wave will be completed.
But what I'm saying may be misleading. The reason is the 4h measurements I just mentioned. When we look at the daily time frame, we see that the 5th wave is completed. So if we think that daily data measurement is safer, we can think that elliot's last wave is complete.
Thus, both the 4h measurement and the measurement we make in the daily period remain valid.
When we think of harmonic trading technically, we can assume that the D leg of the model can extend to the price levels we are talking about.
Regardless of the data we have mentioned, if we examine the price movements within the fibonacci channel, which we evaluate with other technical measurements, we should not ignore the possibility of prices falling to the 1.618 levels of the fibonacci channel. In this case, prices may fall to 16400-16000 levels, not 18000.
For example, a ranking drop and test such as 18600 - 20000 - 16400 may occur.
When we look at the indicator data, if there is a declining action as we have hypothetically mentioned, the indicator data tells us with certainty that it will not be strong.
I am aware of how wrong statements such as definite in analysis comments are. I say this not as my interpretation but as indicator data. Do not think of opening a position by relying on this word. Act with your own strategy.
When we take a quick look at the indicator data in the daily period, the aroon up is at 7 levels.
If there is a regression, it drops to zero. That's not a big ratio.
In the same way, I observe the Rsi value as 30. Assuming that it will be pushed to 20 at most, this is not capable of pushing the price down very, very low.
Adx says that despite the decline, the selling reaction weakened when the price was at 20000 levels. It signals that there is acceleration in terms of bullishness.
I observe that a resistance has formed on the cmf and there may be a break down.
When we look at the volumes, the buying and selling volumes seem to be strong. After now that, frankly, I think the volumes will decrease a little more.
This can mean a consolidated accumulation.
These comments of mine were according to indikator data. Now, when we consider the two together, I think that the prices will consolidate between 16-18K with small up-and-down price movements.
That means rallying. There may be rallies in altcoins during these movements. Btc volume less movements, consolidation and accumulation, movement within the channel can activate the sub-coins.
This can mislead us. While we think that btc is falling, we can miss the lower coin rallies. In this case, the only safe way that makes sense to my mind is to buy piecemeal.
Thus, both the opportunity is not missed and the risk is reduced.
Of course, these are my thoughts. Never investment advice. Everyone should act according to their own investment strategy.
NOTE: This is not investment advice.
