RanaShoaib

RanaShoaib Updated 

As can be seen on the chart BTCUSDT is meeting double resistance lines. Expect a drop from here. On the daily time frame we can see a pin bar under construction. Wait for a correction and look for a long entry around 19000..

RanaShoaib

The price is moving in a channel. Now it remains to be seen to which side do we have a breakout. In my opinion, a breakout to the downside is more likely, keeping in view that a correction is due and we have bearish divergence on RSI. Tell me about your views.

RanaShoaib

The price is moving in a channel. Now it remains to be seen to which side do we have a breakout. In my opinion, a breakout to the downside is more likely, keeping in view that a correction is due and various indicators, such as RSI, are showing bearish divergence.

RanaShoaib

The trendline support has been broken and now a retest is being done. The retest is precursor to beginning of downward trend.

RanaShoaib Updated 

I think one more push up before correction. Maybe 24000 and then a correction to 20400.

RanaShoaib

As you can see on chart, a five wave impulse move has ended and now the pair is in correction mode.

RanaShoaib

I think wave 3 is over and on the daily chart we can already see a candle with longer upper wick forming. I expect wave 4 to bring btc down to 20,000.

RanaShoaib

See chart

RanaShoaib

See chart

RanaShoaib

5 wave impulse move complete. Trendline broken and being retested. Short opportunity with fabulous risk reward ratio.

RanaShoaib Updated 

The rally has been going on for a while. But it seems it's at last leg now. A correction to at least 50 Ema is imminent.

RanaShoaib

Here I present my Elliott Wave Analysis of BTCUSD. As you can see in the chart, Wave I (i.e. the first motive wave) has completed and the IIIrd wave is in progress. Of this IIIrd wave, subwave 3 has completed and now the corrective wave 4 is in progress. Wave A of 4 has completed and wave B of 4 is likely to bring the BTC upto 9400 almost. From there, wave c shall...

RanaShoaib Updated 

See chart

RanaShoaib

The weekly chart is giving bullish bias. I think BTC is ready to explode in a few weeks. But first it is expected to drop to 6900.

RanaShoaib

Look how price is respecting the Gann Fan

RanaShoaib

BTC likely to drop to around 8000.

RanaShoaib

BTC has been moving in a parallel channel , which is slanting upward. But I think now the channel would be broken to the downside. The green candles have negligible volume .

RanaShoaib

What's your thought?