Hey guys, the amazing xmas BTC move still continues and some major altcoins doing great at the moment.
There are something we need to have in mind about this move so as not to get trapped as either sellers or buyers.
Could this be for reversal or just ordinary Correctional moves.
The simple answers are stated below.
Important level for BEAR reamin 4440$-4500$ where we may have potential Double top which can easily pull the market down again. But if price breakthrough this it will be a massive victory for the BULL market.
Important level to watch for BULL reamin in styles we can focus on price pattern where we may have potential INVERSE HEAD and Shoulder if price rejected at the aboved mention level 4400-4500 zone and to make a RIGHT shoulder at either 3660-3735 level.
Furthermore, we may just go by Elliot wave count and pick 3900$ to be our determinant level for the BULL market to sustain the pumping strength.
But for now we may have another big leg up to complete the second wave cycle which will equivalent to corrective wave ABC or a continuous impulsive wave 123 while we wait for retracement to wave 4.
I will keep updating as market develop.
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Trade active
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From our last important level stated above 3660 did really well and I believe for now its holding great. The level equivalent to 50% retracement of the last impulsive moves which if keep holding we can see another impulsive upmove from BTC soon.
@Michael_H_Peter, bro let always appreciate the time and effort those analyst put into their post, market is difficult to analyses especially BTC. We all know the type of manipulations involved.
Michael_H_Peter
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@weslad, Of course bro! Don’t wanna offend any of you guys. I really appreciate what you guys are doing and we all get this info for free. Couldn’t just keep myself to not argue that one, but you are right, I was rude. I’m sorry!
weslad
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@Michael_H_Peter, Its alright boss, you are welcome thanks for your proper understanding
UnknownUnicorn1615160
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Focus on the higher time frames. clean and logical TA here:
crayola11
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THoughts on bitcoin going to sub 2k levels?
How about in 2-8 weeks?
himansu000002
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this is great but your B wave is incorrect as it is an alternation of zigzag-flat-12345, which is 3-3-5 if you look at it closely.