In our previous analysis, we spotted the ABC corrective wave back to the major 61.8 fibonacci.
There are multiple confluences around the $42.5K level, which are:
1) 61.8 fibonacci
2) Previous Structure
3) -27 fibonacci of the ABC corrective wave
4) 200EMA Support
5) Major trendline support
A lot of confluences, which would make the $42.5K area the best place to...
Bitcoin is dropping from my last danger zone, now I am predicting a new one around 55k.
We can drop straight down from here but most likely we will have one last bounce higher to 55k before dropping.
Price target is 15-20k.
Short BTC. Haters Welcome.
We broke out bearishly following a bearish wedge.
Currently moving sideways.
Expect prices to move sideways for a bit during the alt season
Prepare for an impulsive move out of the channel to the upside.
Finally we are seeing a reversal to bullish with MACD, Stoch and RSI heading upwards, if this candle closes green.
However, I am charting a potential bear Elliot Wave with the rules in place.
PS: In favor of the stock 2 flow model in the long run, so we could also be seeing a sharp bull to breach $100,000 afterwards
All critics welcome.
". There is a possibility of temporary retracement to the suggested support line (47230.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
One year from now and all coins will get back to 2017 prices, BTC will worth $800 probably.
I will try to keep this updated and count the waves but you get the point here...stay safe till end of next year .
From the chart you can see that we are possibly making an ABC correction back to our initial area of interest which is the $42,500 level where there are multiple confluence!
In the mean time, we can take advantage of this correction and enter SHORT after the break of the trendline and ride it down to the completion of wave C where we can look for major buys!
hello guys and gals
after all of Elon's tweets about crypto world and putting some waves in the market finally market realised that cryptocurrency world is much bigger than musk or other billionaires and here's some good news
what we have here is a very strong chart pattern called double bottom(W) which is a reversal pattern, but it's not complete yet
also we have...