BITCOIN Next Prediction on Entry Price (100% accuracy so far)
My Next Target: $9232
Bitcoin Analysis: Elliot wave (4) is placed lower and lower so we should expect wave (5) to be closer before the correction wave begin. The newer trendlines( Blue) found itself an interception point which is $9232. I could have mentioned about my previous target prices which are $9843 and $9570 but they are achieved and I always update myself to the latest condition without any bias and stay neutral. The RSI will be performing M shape( UP) but the momentum of the volume is low which made it hard to break $11500. MACD red line will cross above blue line and this is an extra sign of disaster we might see. I would like you to pay attention to wave(5) because it will most likely fail to break through the triangle of the strong blue trendlines. In conclusion, I am confident to say Bitcoin will go lower to my next target $9232 but I am always flexible and I will be updating my analysis to hunt the movement.
Reminder: Emotional control is important but flexibility to overcome the new movements is the best strength a trader should have so happy trading and have a nice day.
Bitcoin Analysis: Elliot wave (4) is placed lower and lower so we should expect wave (5) to be closer before the correction wave begin. The newer trendlines( Blue) found itself an interception point which is $9232. I could have mentioned about my previous target prices which are $9843 and $9570 but they are achieved and I always update myself to the latest condition without any bias and stay neutral. The RSI will be performing M shape( UP) but the momentum of the volume is low which made it hard to break $11500. MACD red line will cross above blue line and this is an extra sign of disaster we might see. I would like you to pay attention to wave(5) because it will most likely fail to break through the triangle of the strong blue trendlines. In conclusion, I am confident to say Bitcoin will go lower to my next target $9232 but I am always flexible and I will be updating my analysis to hunt the movement.
Reminder: Emotional control is important but flexibility to overcome the new movements is the best strength a trader should have so happy trading and have a nice day.
Trade closed: target reached