Bitcoin Ichimoku Price Theory Analysis
●Ichimoku Price Theory ?
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory. The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are renewed. In other words, there is a law of inertia that tries to continue in the direction of upward trend, or downward trend. But Price Theory has a different goal.
The key thing in this analysis method is to analyze the target value and the limitations of growth. In a metaphor, it has the advantage of being able to calculate in advance how much time you have left to run a long-distance marathonrace and how much you will control your pace.
1) The "V" Calculation = B + (B – C)
V calculated value: V=B+(B-C) occurs in a V-shaped wave. This is the wave that returns as much as it falls from B to C.
2) The "N" Calculation = C + (B – A)
N calculated value: N=C+(B-A) which is returned by the same width after C.
3) The "E" Calculation = B + (B – A)
E calculated value: E=B+(B-A) is obtained by adding the increase from A to B to B.
4) The "NT" Calculation = C + (C – A)
NT calculated value: NT=C+(C-A) is obtained by adding the increase from C to C to A.
●Fed Interest Rate Decision ?
Federal Open Market Committee (FOMC) member's vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD. Under the current situation, we believe that there will be a high probability of an interest rate hike.
●Comprehensive analysis
We are expecting up to "E" TP 19228$, and we think that today's FED announcement and the 22804$ downward closing is the basis for the short-term downward trend. Thank you for reading the insufficient analysis. Additional analysis will be updated with comments.
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory. The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are renewed. In other words, there is a law of inertia that tries to continue in the direction of upward trend, or downward trend. But Price Theory has a different goal.
The key thing in this analysis method is to analyze the target value and the limitations of growth. In a metaphor, it has the advantage of being able to calculate in advance how much time you have left to run a long-distance marathonrace and how much you will control your pace.
1) The "V" Calculation = B + (B – C)
V calculated value: V=B+(B-C) occurs in a V-shaped wave. This is the wave that returns as much as it falls from B to C.
2) The "N" Calculation = C + (B – A)
N calculated value: N=C+(B-A) which is returned by the same width after C.
3) The "E" Calculation = B + (B – A)
E calculated value: E=B+(B-A) is obtained by adding the increase from A to B to B.
4) The "NT" Calculation = C + (C – A)
NT calculated value: NT=C+(C-A) is obtained by adding the increase from C to C to A.
●Fed Interest Rate Decision ?
Federal Open Market Committee (FOMC) member's vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD. Under the current situation, we believe that there will be a high probability of an interest rate hike.
●Comprehensive analysis
We are expecting up to "E" TP 19228$, and we think that today's FED announcement and the 22804$ downward closing is the basis for the short-term downward trend. Thank you for reading the insufficient analysis. Additional analysis will be updated with comments.
Trade closed: stop reached:
B zone 23962$ has gone up. My short view is cancellation.
B zone 23962$ has gone up. My short view is cancellation.
Trade active:
Trend Breakout Zone 22804$ Reached We can't determine the bottom yet, but we need to be careful. I'll update the chart to see additional situations.
Trend Breakout Zone 22804$ Reached We can't determine the bottom yet, but we need to be careful. I'll update the chart to see additional situations.
Trend Breakout Zone 22804$ Since the collapse, it has continued to decline.