Hi guys, today I apply using Elliot in analysis for Bitcoin and it may give you a big general about big frame of our picture in market right now !
Clearly we have just ended Wave B in Correction Wave now we begin with Wave C. As Fibonacci Retracement I think we may correction up 0.382 ( 47xx $ ) as same with Fibonacci 1.0 Extension of Wave A in Correction Wave.
May we going up to 51xx $ ? Yes we can but less possible because RSI is nearly with over buy zone, also we have very big resistance in 47xx and you can look at some candle, I think we do not have enough momentum for going up to 51xx as we dreaming.
When the Impulse Wave C ended over in 47xx so we continuing with Decrease Wave ; target 30xx $ (as Fibo 0.618) or 19xx $ (as Fibo 1.0) .
From general if we fall down from 64xx to 19xx so the decrease is approximately 69%.
Good luck all you guys !
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All you guys can refer my last LEGENDARY ANALYSIS for Bitcoin from September and now we are going to 28xx$ as exactly the chart said:
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LIKE & SHARE 2 POST for support me and give to your friend and they will know what exactly where we are going
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Thank all you guys for huge LIKEs for this post ! LOVE ALL <3 <3 <3
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Guys we have update about Bitcoin in here:
This is the chart for 30 minutes update in short - middle term
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LIKE any post that you can get value from that ! <3 <3 <3
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BITCOIN - HEAD AND SHOULDERS PATTERN
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UPDATE NEW
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Guys we fall down without any bounce back. Sad for this market. Nearly with lower target zone 1 !
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BITCOIN - Retest Success - Fall down
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Bitcoin - Overview in middle term - Bottom zone
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BITCOIN - WHY IT IS HARD FOR BREAK UP 3600 - 3900$ ???
We can't fall to 1978. From the picture, we can see that we have a stronger support in 3222. Your Fibonacci labeling is completely wrong, so you have reached the wrong conclusion.