In my point of view INJ has two scenarios at the current market price. That is it can be the 3rd wave or the flat correction of 2nd wave. More likely to be a 3rd wave let's see
Long position
After breaking the resistance at the price of 24851
Entry 35170
The loss limit is 34,200
Risk Free 36145
Saving profit 37110
Profit limit 37645
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Short position
After breaking the upcoming support and breaking the short-term uptrend line and also after breaking the important support at the price...
On todays chart we have defined the major waves that are creating the $BTC fluctuations.
The strongest wave is 20W (140D) according to a great tool "DFT - DC Period 8-50 - John Ehlers " .
We have drawn this cycle on the chart along with its harmonics, which clearly synchronise with the main wave.
From the analysis we expect now a final rise lasting to 25-27th...
#BTC/USDT Update:-
$BTC currently trading at $46000
1. The 50MA in 4h chart did not hold
2. It seems that we are going to the Wickoff's spring around 43K (0.382fib) where we can entry for a short run till 53K (0.618fib) before being rejected by the 200MA
3. The consolidation phase will last a while (same if we compare to may 2021) before the 50MA cross the...
Personally, I believe Bitcoin is following the ABCD pattern shown below. At the second bull run, the price peaked perfectly at the 61.8% fib level and almost immediately bounced off,
Both this and the fact that the price has followed the C-->D line has led me to believe that the price is following a hybrid ABCD pattern and the D point will bounce off the 71.8%...
