Hello dear friends๐
I want to have a different analysis of the bitcoin chart in the weekly timeframe.๐
A - The first ceiling specified in the chart, on December 11, 2017 (price range of $ 20,000)๐
B - If we determine the rand numbers from 20k to 70k, we will notice the trading nodes, the main reason for these trading nodes is the psychological burden of these numbers, which is effective in the market.๐
A and B:
If we look closely, we will see that the second roof that was created in the area of โโ42,000 is on January 4, 2021 (we are still involved with this area "September 27, 2021")
After creating a new ceiling at $ 42,000, we had a correction to the $ 30,000 area (difference from the first ceiling of $ 10,000).
Then higher high in the area of โโ$ 61757 and remodeling and the difference of $ 10,000 with the first ceiling.
C. From April 12, 2021 to July 19, 2021, we had a downward trend, which was supported in the area of โโ$ 30,000.
Now, in my opinion, we are in an upward trend, one of the five Elliott waves that is correcting (wave 2).
Based on A, B and C.
We had a bullish wave that is correcting and is $ 10,000 $ different from the previous area.๐๐ฎ
If the Golden Zone breaks, the third wave begins.โ
Subsequent areas are identified based on this cycle.โ
Notes :
* In Bitcoin price corrections, you can buy Altcoins at a reasonable price and have a good profit in wave 3.๐คฆโโ๏ธ๐ฑโ๐
* This scenario may happen sooner.๐
* In the event of a $ 35,000 area failure, this analysis fails.๐ข
Good luck๐น
I want to have a different analysis of the bitcoin chart in the weekly timeframe.๐
A - The first ceiling specified in the chart, on December 11, 2017 (price range of $ 20,000)๐
B - If we determine the rand numbers from 20k to 70k, we will notice the trading nodes, the main reason for these trading nodes is the psychological burden of these numbers, which is effective in the market.๐
A and B:
If we look closely, we will see that the second roof that was created in the area of โโ42,000 is on January 4, 2021 (we are still involved with this area "September 27, 2021")
After creating a new ceiling at $ 42,000, we had a correction to the $ 30,000 area (difference from the first ceiling of $ 10,000).
Then higher high in the area of โโ$ 61757 and remodeling and the difference of $ 10,000 with the first ceiling.
C. From April 12, 2021 to July 19, 2021, we had a downward trend, which was supported in the area of โโ$ 30,000.
Now, in my opinion, we are in an upward trend, one of the five Elliott waves that is correcting (wave 2).
Based on A, B and C.
We had a bullish wave that is correcting and is $ 10,000 $ different from the previous area.๐๐ฎ
If the Golden Zone breaks, the third wave begins.โ
Subsequent areas are identified based on this cycle.โ
Notes :
* In Bitcoin price corrections, you can buy Altcoins at a reasonable price and have a good profit in wave 3.๐คฆโโ๏ธ๐ฑโ๐
* This scenario may happen sooner.๐
* In the event of a $ 35,000 area failure, this analysis fails.๐ข
Good luck๐น
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