Wave 4 (purple) presented a "surprise" for many. As a rule, one who is not ready for such situations, in fact, expresses his thoughts in actions: "Ugh, pla falls! I will close!". There is a discharge of the previous impulse, which developed without correction, and the price starts an upward movement further.
Now a new impulse subwave is forming. Recklessly climb...
The price is close to the critical point 5400, the breakdown of which will lead to the refinement of the markup.
The bitcoin market is in the supposed wave 2 (black), in the composition of the intermediate upward momentum to 6800-7000. As well as yesterday we expect the market to grow to the goals.
We do not exclude that our assumption, regarding wave 4 (violet),...
Yesterday, we painted a possible 1 wave (black) in the form of a wedge. We have defined its boundaries.
Correction wave 2 (black) may still last for a while, and a place for a good purchase has already been formed (for those who are out of the market).
In the near future, we expect the growth of bitcoin, but we do not exclude any surprises with a failure below.
It seems that wave 4 (violet) has ended and at the moment a new impulse movement towards growth is beginning to gain momentum. Yesterday, the level of 5420 did not finish the price and we, afterwards, entered 5500 after a small impulse and local consolidation. Those who want to buy "pennies" can now enter with Stop Loss at 5400.
The picture from the last day has not changed. Everything goes according to our plan. At the time of writing, the formation of the C wave (black) in wave 4 (violet) went.
We expect the market to decline to 5420. At this point, you can make a purchase with a short Stop Loss.
Hiyp continues to live and grows further. In this situation, it is difficult to say that there is common sense in the market. We specified the markup and assume that from the new excitement the price can move above 6000, but still sober in judgments and keep your hand on the pulse. We expect the price to rise to 6000-6100, after which we will do test purchases on...
Consolidation continues. Wave b (black), perhaps, will take the form of a zigzag. I want to see a deeper correction to the price of 4650, but this may not happen, because look at the wave C (orange) in wave a (red). Corrections in the last wave were shallow and brief in time.
You can also try to play for a breakdown at the price level of 4950. Work better with a...
Presumably, the end of the wave a (black) occurred. Now there is an opportunity to get correction to zone 4620, drawing a wave b (black). In this area prices , you can buy with a short Stop Loss (100 - 150 dollars) and Take Profit to 5350-5400.
Our prospective model "wedge" did not take place. The market has sharply gone up and now has taken a timeout.
Today, the markup has been modified and moved to another level higher to assess the overall picture. Because the internal structure of the emerging upward movement consists of triples (although many are under the intoxication of the "bitcoinomania" and are...
Good morning. Yesterday, we sold 90% of the total position at 4590. Bitcoin continues to form the C (orange) wave in a possible bullish "wedge" model. To confirm a good chance of growth, you need a touch / break through the level of 4700 and the wedge boundary. Now we assume that 5 wave upward movement is formed, and internal wave 3 (blue) is over. We are waiting...
Yesterday we wrote that a triangle is formed in wave B (orange), and you can buy a break in the direction of growth. We did this earlier (by 4350), because saw the completion of the local correction and the retreat of sales.
Now we are in the emerging wave C (orange), and while there is a risk that the price may pounce from the level of 78.6% (4500) Fibonacci.
In...
We assume that the wave A (orange) is over. We will buy at the correction from the levels of 4280.4250. Stop Loss at 4160. Goals for growth 2: 1 - 4500; 2 to 4700.
We made a refinement of the markup of bitcoin and a shift in the timeline to level 1 older.
We assume that the upward movement has not yet emitted steam and is able to form a bullish model in the form of a wedge in the direction of growth. The possible boundaries were indicated by a dotted line of black color. We want to see the penetration / touch of the price...
