Guys, welcome back to my analysis, while all people think Bitcoin can go up, I have opposite!
Sorry because I analysis what I see not what I think.
In last chart I draw 2 point that you can SHORT at 73xx and 75xx (strong resistance) - both of them I also have to using Fibo to caculate not draw for funny.
So now you can see: 5 wave of Elliot - Using Fibo Extend we have same result that Wave 3 in 0.786 of Fibo Extend Wave 1 and also Wave 5 in 0.786 of Fibo Extend Wave 3. So 73xx - 75xx is good point to SHORT as my consider and analysis.
At now, Bitcoin break the pattern with 2 candle 2H as well as 2 big candle of red volume + RSI can not break the upper line
+ RSI divergence
+ The price fall below Ichimoku cloud and DMI 4c indicator show strong downtrend in short term
>>> Downtrend at this time
So who talk with you that we have nice uptrend? Can not it is may be the story in next time, but what about now?
When we break down the pattern I have draw in above, we will have 3 Wave of Correction (Elliot). The Wave A in 0.382 in Fibo Retract (TAKE PROFIT 1 in last time I give you) and Wave B we will test the break out in 70xx. Wave C in Fibo 0.618 Fibo Retract and Fibo 1.0 Extend of Wave A (TAKE PROFIT 2 in last time I give you).
All analysis above is my idea and depend on technical, hope you like this!
Good luck!
Sorry because I analysis what I see not what I think.
In last chart I draw 2 point that you can SHORT at 73xx and 75xx (strong resistance) - both of them I also have to using Fibo to caculate not draw for funny.
So now you can see: 5 wave of Elliot - Using Fibo Extend we have same result that Wave 3 in 0.786 of Fibo Extend Wave 1 and also Wave 5 in 0.786 of Fibo Extend Wave 3. So 73xx - 75xx is good point to SHORT as my consider and analysis.
At now, Bitcoin break the pattern with 2 candle 2H as well as 2 big candle of red volume + RSI can not break the upper line
+ RSI divergence
+ The price fall below Ichimoku cloud and DMI 4c indicator show strong downtrend in short term
>>> Downtrend at this time
So who talk with you that we have nice uptrend? Can not it is may be the story in next time, but what about now?
When we break down the pattern I have draw in above, we will have 3 Wave of Correction (Elliot). The Wave A in 0.382 in Fibo Retract (TAKE PROFIT 1 in last time I give you) and Wave B we will test the break out in 70xx. Wave C in Fibo 0.618 Fibo Retract and Fibo 1.0 Extend of Wave A (TAKE PROFIT 2 in last time I give you).
All analysis above is my idea and depend on technical, hope you like this!
Good luck!
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We touched TARGET 1
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Done TARGET 2
Trade closed: target reached
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New UPDATE guys:
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Update ETHBTC guys:
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Enjoy ICXUSD guys:
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QTUMUSD:
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BCHBTC:
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IOTAUSD:
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Guys read it now:
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BITCOIN 4H - UPDATE:
Both of them are same target and SHORT POINT