There being a wave 5 on Elliott on higher as well as lowest time frames, a big correction or crash is expected in this zone. This is not a financial advice. Do your own research before making a decision.
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D waves system is an algorithmic dynamic Elliott wave identifier. It is used to identify the correct Elliott waves on different time frames. The above summary is based on such information provided by D wave system.
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on medium time frame the D wave system showing that we are in a bull trap zone.
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as per D wave system sell is good only on high breaks.
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D waves system is a market language, if you understand this language then you know what a market is saying. for now btc has completed it medium term end and is very much in bull trap.
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If you are not a day trader, and have short medium term portfolio then beware of bull traps in this zone. This is as per D wave system . This is not financial advice and is a system test only. make your own research before making any decision.
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A good rejection from 72800 zone, like a bull trap. Now hanging man candlestick on daily. AND, as per D wave system breakdown from the current zone of 71400 will lead to a bearish avalanche towards 51k support zone. A breakout from current zone can create one more bull trap in 73k or 74k zone.
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zig zag and trap zone specially for high leveraged retailers. every high break is a bull trap as per D wave system.
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No more bear traps
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wave 1 and 2 on a lower TF printed and currently in elliott wave 3. should take it deep towrads 63-61k zone before an abc correction. This from D wave system, a system to recognize correct Elliott waves. This is not a financial advice.
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BTC is formng a little channel or corrective abc. A break down side will lead to 10-15k crash.
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10-15 k crash is expected.
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The summary is extracted form D waves. A system to recognize accurate Elliott waves. D waves is over and above in some aspects as compared to Elliott waves.
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Current Elliott wave 3 is expected to complete at 57-58k zone.
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Elliott is super model of the market structure but only if we have some real valid method to find accurate waves. We researched for 15 years on market structures and Elliott relationship. We modeled a new system which is highly accurate on Finding exact wave count on different time frames.
Problem of Elliott count: BTC has printed an ABC corrective structure here and there is no way out to know if it is real abc correction or it is still pending. D wave system can answer it. I have explained it in a comments reply below.
Problem of Elliott count: BTC has printed an ABC corrective structure here and there is no way out to know if it is real abc correction or it is still pending. D wave system can answer it. I have explained it in a comments reply below.
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Now in wave c of the abc correction or wave iii of wave V structure.
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wave c of abc correction down is underway.
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a of abc correction at 64400.
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A bear trap being reported in 63-60K zone. A recovery towards 66-68 zone from 63-60k zone is possible.
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This is from an Elliott identifier called D wave system. This is not a financial advice.
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BTCUSD now in Bear trap zone. expected to hit 67-69k again.
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Bear trap zone.
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updated already , do not sell BTC, bear trap.
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sell only if you are a big whale. real sell zone is higher.. will be updated as soon as D wave system prints any update.
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And now Bull trap is nearby. As per D wAves its big crash on BTC.
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Beware of bull traps. Big crash being reported by D wave system.
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As per D wave System, every bull attempt on H4 should be hammered down in this zone.
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Updates in next post.