nattichai001

nattichai001 Updated 

Bitcoin against Nasdaq has the potential to be the beginning of wave 3 which has a risk/reward ratio of almost 20. Supports that it already completed wave 2 1. It hit wave 1 at around 4.73 then retraced back down to wave 2 (1.34) at around 78.6% Fibonacci retracement (1.4) 2. Wave 2 sub-waves A-B-C have been completed 3. It broke the trendline 4. It had bullish...

nattichai001 Updated 

2023: sideway in range $16k - $30k to form A-B of B of 2 2024: go up at least $48.5k to form C of B of 2 Wave analysis details: Bitcoin has started sub-wave orange A of white A of yellow B of 2 Since sub-wave yellow A of 2 has 3 swings (A-B-C), so wave 2 is flat correction which sub-wave yellow B has to go above 61.8% of A (around $48.5k)

nattichai001

GALA went down about 80% from ATH in about 2 months, will GMT be the next GALA?

nattichai001

Elliott wave analysis on bitcoin, if this scenario is true, we're currently in a wave 3 of C of D in a big symmetrical triangle correction. In addition, if it copies the 40-69k pattern, we could see it reaches the 60k+ zone in a month.

nattichai001

If it breaks above 0.22, it will confirm that we're heading toward the last leg of wave B with the target of at least 61.8% of the correction leg A

nattichai001

We're currently forming a symmetrical triangle in wave 2 correction, which is very likely to make wave 3 the expanding wave, which has the target from Fibonacci level 161.8 - 423.6%.

nattichai001

Based on my analysis, the bitcoin price has finished the sub impulse wave 2 of C of D in the triangular correction wave 4, heading toward the sub-wave 3 at around $55-56k (161.8% Fibonacci level).

nattichai001

GMT already hit the 423.6% Fibonacci extension level. In addition, the fully diluted market cap of the GMT is already in the top 15, which seems to be overpriced by a lot. So it needs to correct down to 61.8 - 78.6% retracement level, which is also the support zone.

nattichai001

Using elliot wave, GMT is very likely to have the top at $2.64, so the long term target for the short position is around $0.4 - $0.8

nattichai001

The Bitcoin price movement right now is kinda copying the price action from the first half of this year but scaled smaller, so if it follows the path again, we could see it dip down to around 36-37k then sideways, and going up in November. Basically, I think we're forming a big 2021 symmetrical triangle which we've to decide the breakout at the end of this year.