#Bitcoin #TRADING technical analyzes 03.06.2020
From the cycle / technical analyzes /
#Bitcoin #TRADING
Stay "FOCUS!" on the work of the job well done "#process" and good results are a consequence.
In my attention on the agenda is the financial asset, BITCOIN / USD!
Foto1 / TF-Daily
Step 1 # We determined the price action structure that has a characteristic defined as the equilibrium sequence between supply and demand.
Step 2 # I determined
- the upper limit defined by the control area of the “Supply zone” offer with the quota 13930 USD
&
- the lower limit defined by the 'Demand zone' application control area with the quota of 6175 USD
The price action outlook currently reaches the median area of the initial equilibrium sequence between supply and demand at the $ 10,000 level.
Within these initial equilibrium sequences, the price action defines a structure of HH / LH type “maximum and minimum ascent” of Elliot Wave type, with waves 1 impulsive, 2 corrective, 3 impulsive formed and with wave 4 under construction.
Wave 4 which is under construction remains to be seen if it will define a re-accumulation sequence that has a buy implication.
Here, price action to build the perspective of continuity of ascending structures with rising highs and lows. Exceeding the median area of the initial equilibrium sequence on the $ 10,000 level
Tf H4
- Furthermore, the price action is likely to reach the upper control area of supply, the initial equilibrium sequence between demand and supply from the quota of 13930 USD.
- In this context, the complex Elliott Wave pattern with ascending highs and lows that has the implication of buy and continuity of the initial trend which is defined by the impulsive wave 1 with the corrective wave 2 and the impulsive wave 3 as a structure with minimums and ascending maxima.
Opportunity with high probability of climbing!
#Bitcoin #TRADING
Stay "FOCUS!" on the work of the job well done "#process" and good results are a consequence.
In my attention on the agenda is the financial asset, BITCOIN / USD!
Foto1 / TF-Daily
Step 1 # We determined the price action structure that has a characteristic defined as the equilibrium sequence between supply and demand.
Step 2 # I determined
- the upper limit defined by the control area of the “Supply zone” offer with the quota 13930 USD
&
- the lower limit defined by the 'Demand zone' application control area with the quota of 6175 USD
The price action outlook currently reaches the median area of the initial equilibrium sequence between supply and demand at the $ 10,000 level.
Within these initial equilibrium sequences, the price action defines a structure of HH / LH type “maximum and minimum ascent” of Elliot Wave type, with waves 1 impulsive, 2 corrective, 3 impulsive formed and with wave 4 under construction.
Wave 4 which is under construction remains to be seen if it will define a re-accumulation sequence that has a buy implication.
Here, price action to build the perspective of continuity of ascending structures with rising highs and lows. Exceeding the median area of the initial equilibrium sequence on the $ 10,000 level
Tf H4
- Furthermore, the price action is likely to reach the upper control area of supply, the initial equilibrium sequence between demand and supply from the quota of 13930 USD.
- In this context, the complex Elliott Wave pattern with ascending highs and lows that has the implication of buy and continuity of the initial trend which is defined by the impulsive wave 1 with the corrective wave 2 and the impulsive wave 3 as a structure with minimums and ascending maxima.
Opportunity with high probability of climbing!
Trade active:
In the previous analysis we say that Wave 4 which is under construction remains to be seen if it will be defined as a re-accumulation sequence and which has purchase implications.
On 27.07.2020, the request makes an effort and exceeds the initial control area of the offer from the quota of 10 000 USD and defines a new maximum reaching approximately the quota of 11 431 usd. This demand-side effort gives a fairly strong signal with likely interest from investors for larger hairs.
The initial equilibrium sequence is confirmed in the first phase as a re-accumulation that has the implication of appreciating the Bitcoin financial asset.
If this effort remains sustained, the price action has the potential to reach 14,000 USD.
On 27.07.2020, the request makes an effort and exceeds the initial control area of the offer from the quota of 10 000 USD and defines a new maximum reaching approximately the quota of 11 431 usd. This demand-side effort gives a fairly strong signal with likely interest from investors for larger hairs.
The initial equilibrium sequence is confirmed in the first phase as a re-accumulation that has the implication of appreciating the Bitcoin financial asset.
If this effort remains sustained, the price action has the potential to reach 14,000 USD.
