Hi guys
I'm not a fan of Bitcoin to trade on it -itself-
but its increase can increase my earning too .
So i'll show you a scenario i predict .
AS we see after the big move that ended in mid Dec , we can count clearly A B C correction
it retraced about 78.6% of the big move
at C we can say the cycle ended & we begin new one .
then we can count 5 sub wave -pink- of 1st wave -red- of the new cycle
i see 5th sub wave didn't reach a new hi & under hi of 3rd sub wave
But i consider it as a truncated 5th wave , Proved by ...
1- it has 5 waves last one is a triangle -in 1 hour chart-
2- It was followed by a strong down trend as 2nd sub wave
after 2nd sub wave that formed by a b c correction -pink-
we can see now 4 sub waves of 1st sub wave of wave 3
i predict we are now on 5th sub wave of 1st of 3rd
then it will be a correction as 2nd sub wave of 3rd wave
then we will be in 3rd of 3rd that will take BTC to a good rally
it may begin in the next few days - i predict in May-
N.B .... There is a Bullish Bat Pattern formed
That's what i see on the daily chart ...
My prediction may be right or wrong .
Thanks guys
Good Luck
I'm not a fan of Bitcoin to trade on it -itself-
but its increase can increase my earning too .
So i'll show you a scenario i predict .
AS we see after the big move that ended in mid Dec , we can count clearly A B C correction
it retraced about 78.6% of the big move
at C we can say the cycle ended & we begin new one .
then we can count 5 sub wave -pink- of 1st wave -red- of the new cycle
i see 5th sub wave didn't reach a new hi & under hi of 3rd sub wave
But i consider it as a truncated 5th wave , Proved by ...
1- it has 5 waves last one is a triangle -in 1 hour chart-
2- It was followed by a strong down trend as 2nd sub wave
after 2nd sub wave that formed by a b c correction -pink-
we can see now 4 sub waves of 1st sub wave of wave 3
i predict we are now on 5th sub wave of 1st of 3rd
then it will be a correction as 2nd sub wave of 3rd wave
then we will be in 3rd of 3rd that will take BTC to a good rally
it may begin in the next few days - i predict in May-
N.B .... There is a Bullish Bat Pattern formed
That's what i see on the daily chart ...
My prediction may be right or wrong .
Thanks guys
Good Luck
Comment:
as wee see guys BTC finished 5 sub wave - blue - & we are now on the correction wave 2 -pink- may goes side way or zig zag .... we will see
Comment:
BTC may reach 8000 or 8200 to finish 2nd wave & begin 3rd wave - to the moon-