This analysis is only a personal analysis (Update 12)
Notes:
The previous analysis was done without considering the extension of the 3 minor wave. The analysis is the same, but the price targets have changed and the same time targets stand.
Do not be deceived by the positives ahead. We have another minor step ahead and money back to our three-year channel.
There is no divergence in the weekly time frame
Drawing lines is from previous analyzes and has gone step by step so far
And according to how the new step is drawn, the lines of motion are drawn
Analytical tools:
Elliott Waves
Classic channeling
Fast rsi indicator
Temporal analysis on waves
Analyst Hypotheses:
In this analysis, it is assumed that we are at the end of the big bitcoin cycle and then we will be ready for a big recession in digital currencies.
With the failure of the trade line in the indicator, there is a possibility of a correction or re-fall, which is consistent with our wave count and reaching the midline of the channel as a growth target.
We expected the correction to come true
From the analyst's point of view, the time target has priority over the price target, so in the specified time target, we wait for a
roof or floor. It is a movement step or an interface
Now, given the possible construction of a new position, there will be room for new volatility , so the overall view of the digital currency market is volatile.
Due to the matching characteristics of the charts currently under floor 14,500 to 15,500 is considered by the analyst
Note: Professional traders are reluctant to take the final cycles of the market
So if you do not act in this professional cycle, you will undoubtedly lose everything you have accumulated in this market.
Characteristics of final cycles
1. The strange increase in the volume of transactions that everyone remembers as good
2. In Bazaar Alley and ordinary people, everyone talks about it and comments on it
3. Very dreamy targets are created for currencies and analysts insist on it
So right now the best way is to take short-term fluctuations based on whatever style you follow
In the end, this is a personal analysis and there is no certainty as to whether or not to do it.
Notes:
The previous analysis was done without considering the extension of the 3 minor wave. The analysis is the same, but the price targets have changed and the same time targets stand.
Do not be deceived by the positives ahead. We have another minor step ahead and money back to our three-year channel.
There is no divergence in the weekly time frame
Drawing lines is from previous analyzes and has gone step by step so far
And according to how the new step is drawn, the lines of motion are drawn
Analytical tools:
Elliott Waves
Classic channeling
Fast rsi indicator
Temporal analysis on waves
Analyst Hypotheses:
In this analysis, it is assumed that we are at the end of the big bitcoin cycle and then we will be ready for a big recession in digital currencies.
With the failure of the trade line in the indicator, there is a possibility of a correction or re-fall, which is consistent with our wave count and reaching the midline of the channel as a growth target.
We expected the correction to come true
From the analyst's point of view, the time target has priority over the price target, so in the specified time target, we wait for a
roof or floor. It is a movement step or an interface
Now, given the possible construction of a new position, there will be room for new volatility , so the overall view of the digital currency market is volatile.
Due to the matching characteristics of the charts currently under floor 14,500 to 15,500 is considered by the analyst
Note: Professional traders are reluctant to take the final cycles of the market
So if you do not act in this professional cycle, you will undoubtedly lose everything you have accumulated in this market.
Characteristics of final cycles
1. The strange increase in the volume of transactions that everyone remembers as good
2. In Bazaar Alley and ordinary people, everyone talks about it and comments on it
3. Very dreamy targets are created for currencies and analysts insist on it
So right now the best way is to take short-term fluctuations based on whatever style you follow
In the end, this is a personal analysis and there is no certainty as to whether or not to do it.