After completing wave “Y” from “C” triangle and good enough flooring in designated area, can start an uptrend towards “D” lag.
Analysis in lower time-frames will be done shortly.
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According to our previous analysis, price has arrived at the designated area. The above mentioned chart is the overall scenario of #BTC since ATH 19K Please have in mind that this scenario is not a short-term one.
After the price drop to the 6K zone and according to the price corrections and timelines we can see that #BTC is fluctuating in a triangle...
After completing “C” lag from the triangle we can expect an uptrend in the form of 3 impulse waves which is indicated as “D” lag.
But before all that, #BTC has to finish with the correction pattern in the current price market.
* following analysis of the current scenario is done in lower time-frames *
In this page every subsequent analysis is a continuation of the former; first in higher time-frames and long-term perspective, and then lower time-frames and short-term perspective.
Therefore its better to follow the most recent analysis according to the previous one to better understand the overall scenario and price movements.
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Good Luck!
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Supportive range that there is a possibility of returning the price...
I expect to completed this corrective step within the specified range This is just a possible scenario
<deleted>
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We had a good return from 6400 range after a correction wave.
Until and unless I see a specific pattern I am not going to update the chart, and will do so in case I see any changes.
Currently we have 3 resistances mainly 7450, 7800 and 8200.
We might have a small correction at 7450 But! It seems that we still can expect some growth until it reaches 7800, so trade cautiously in this region.
At last but not least, the main resistance that #BTC has to break is 8200 price point (Fibonacci 61%)
#Suggestion
The ones who have purchased #BTC in different steps, can sell around 7800 and after #BTC crosses 8200 can enter again.
Chart will be updated in higher price ranges.
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Good Luck!
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Hi Guys Whats up?
On the contrary, it failed to stabilize above 7450 As I said before, the wave pattern Y needs to be completed
If do not fix below 6200 ... A possible mode is the make a triangle In this case, we do not see a high price dump but It is logical to sell at the current downside, after returning to the top of 7K
And wait until the 6200 range or wait to complate the pattern
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Hi guys How's it going today ?
We are moving according to the chart and as we planned a triangle for “Y” which “C” wave also completed within it. In case we break through 7120 resistances, #BTC can grow until 7450 to complete “D” lag.
Low volume and slow movements in correction waves as in our triangle is completely normal.
Correction we had from 11600 is not a simple one and we are witnessing a complex and complicated correction here (WXY) which makes is very hard for anybody to forsee the price movements. But if you look into our analysis you can see that we have advised about the downtrends and temporary exit sign from the market.
Overally, I expect #BTC to start a new rally to the top after completing “Y” pattern.
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About to form the “D” lag after crossing 7100
Able to grow until the designated areas
And then entering the correction phase to complete wave “E” and finally a new rally to the top.
Kindly have a check on previous analysis to understand this better.
To support, kindly share.
Good Luck!
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Hi whats up ?
As we have advised before, we broke through the triangle and a sharp movement happened right after that.
Trust in our analysis and share our page so more people can benefit.
just look this in private ideas and play it's great you can see, This analysis is already in the update section of this idea ...
thanks for support me Good luck and trade safe!
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Anybody out there who could forecast Bitcoin since 6K?!
It’s time to share and support our page so please like, comment and suggest our page to your friends!
thanks !!!
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do you know Anybody ? Anybody out there today who can refer to their analysis back in 6K and they were right about their forecast?!
There are no indicators or volumes. There is a chart and your idea of the price movement and it is wrong.
For example, even now there are 6800 no volumes for purchases of large players.
Broken global triangle. We have gone under the trend line for the first time in the history of BTC real decline is just beginning
kouchi
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@Artmen007,
Thank you for your comment
Analysis of price movements and waves better than the indicators ...
I know Trend is broken, but this triangle is wrong and it is not a triangle
Artmen007
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@mkouchi3, I know about the wave analysis enough and many times tried it on the crypt say one thing-it does not work here.
Trade according to the figures, indicators, candlestick analysis, wave (it shows the price behavior just them it is difficult to predict the price)...
usr32
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@Artmen007, Trendline broken? That means long term bull market is dead, which i refuse to believe. Nobody is going to sell at this level, it is too late and too risky to sell, only option left is to buy.
@usr32, et's see what happens with the 6000K. BTC doesn't even have the strength to go for 8000 now.
the BTC market is 120 billion. therefore, one Buffett Fund can turn the market wherever it wants, we are nothing for them. The question is, at what price will the whales want to enter the market? how about $ 1,000? I think the price is great
In any case, until the fall do not expect growth for the whole crypto market.
Artmen007
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@Artmen007, *****In any case, until the autumn do not expect growth for the whole crypto market.***
@Artmen007, If i look at your chart, you can see from december btc goes down and up in a steep slope, from february this changes, it then keeps pushing against the outer trendline while going down, this makes be believe it is going sideways (from february).
For example, even now there are 6800 no volumes for purchases of large players.
Broken global triangle. We have gone under the trend line for the first time in the history of BTC real decline is just beginning