according to dxy and tether dominance I think its the best style of counting waves of bitcoin and it takes a year to break 200k.
For the short term is a bow tie diametric and it is the best scenario. So it will after that it is a little more correction.i will update it later
I will sell all my bitcoins at 50K. every break on 50K and 52K is fake break and every good news is a signal to sell. like ETH after correction it has a good party and make yourself readyyyyyyyy.
there is a good correction on the way and it is great chance to buy eth. I will sell all of my eth soon. after this correction we will have a party so make yourself ready for it!
my last analysis of this coin has failed but I didnt change up my mind. so this is bow tie pattern and its ready to blow up soon! my first target is 27$ and the others are clear.
Now its recognizable pattern for me just a little time and price correction and it will start to grow. My stop loss is wave E.
there is a scenario for triangle and it has 22% stop loss! but is has a good risk to reward for first target, there are some other scenarios for this and maybe its a little risky!
from the last two ways of btc I considered that the wave 5 is not finished yet and after a little more correction bitcoin should start a strong bullish wave. USDT dominance is also like this pattern(flat)but it is reverse,I try to keep it updated.
There is many targets and possiblities for wave G but for now I will target 96k....it can grow for 200k but it takes long time Waiting is the best choice to it shows the structure of wave G.
The second scenario is the wave 5 of C wave is on the way and we should wait for it But I would rather buying bitcoin step by step My stop loss is 23 for both scenarios.
There is 2 bullish scenarios for bitcoin! First is there is a flat corrective pattern and this C wave is finished and it has just started to grow!
Similar patterns on most of the charts, attention wave E could become incomplete.
This is all of the E wave on daily TF but I am suspicious about the last branch , in the first sight it is triangle but it could be another patterns.the confirmation is breaking down the black line as I drew.
The second way that I think is this triangle and it is easier for trade and investing so use your strategy , but I think ETH is better for investing.
I think this complicated correction has 2 ways to show itself, first is bow tie correction and the second is triangle but actually I prefer ETH for holding.
last analysis failed so I updated that. this diametric should finish soon and I think there is no more descending action because it has taken enough time and doge must go for a higher high on monthly TF.
I think it may be is bow tie pattern and we can take long positions on btc and eth. The red line is stop loss and the target is black line!
Tron needs more time to show the structure,I think after wave g it will start a big ascending wave and its easier for analysis.