BTC USD.
I was going through the charts and found a pattern that could play out... Of course, everything here is definitely NFA.
This is a 1H BTC chart.
This anlysis combines Elliot Waves, Market Maker strategy along with some basic technical analysis .
The green background showing were done with the first 5 waves and on the red background part price is currently sitting on the beginning of the last third leg.
I use channels for S/R , and fib circles for timing the moves. I think if we might see a move when we cross the circle, or close to it and since the wave cannot be considered if the price breaks the previous higher high, and we have already seen previous waves develop, i have to assume the pattern is valid, and we may see 20141 as highest it can go.... for now.. maybe.
Ill add some more confluence...The chart also has 3 vector candles that need to be recovered marked by the red arrows on the chart .. which gives it an even higher probability of the drop.
The pink line and the green arrow is showing where we could see the last point where it could bounce from, before heading down..
The Cyan line represents the measured move we could see in the next leg.... which also adds to the confluence of this idea...
There also an alternate version of the chart, which expands the fib circle a little more just in case the price lingers on a bit, but i would still expect a move right around where the next ring crossing is.
Comments and Thoughts are welcome..
I was going through the charts and found a pattern that could play out... Of course, everything here is definitely NFA.
This is a 1H BTC chart.
This anlysis combines Elliot Waves, Market Maker strategy along with some basic technical analysis .
The green background showing were done with the first 5 waves and on the red background part price is currently sitting on the beginning of the last third leg.
I use channels for S/R , and fib circles for timing the moves. I think if we might see a move when we cross the circle, or close to it and since the wave cannot be considered if the price breaks the previous higher high, and we have already seen previous waves develop, i have to assume the pattern is valid, and we may see 20141 as highest it can go.... for now.. maybe.
Ill add some more confluence...The chart also has 3 vector candles that need to be recovered marked by the red arrows on the chart .. which gives it an even higher probability of the drop.
The pink line and the green arrow is showing where we could see the last point where it could bounce from, before heading down..
The Cyan line represents the measured move we could see in the next leg.... which also adds to the confluence of this idea...
There also an alternate version of the chart, which expands the fib circle a little more just in case the price lingers on a bit, but i would still expect a move right around where the next ring crossing is.
Comments and Thoughts are welcome..