Bitcoin Ichimoku Price Theory Analysis

WhaleGO_BTC Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
●Ichimoku Price Theory ?
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory.

The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are renewed.

In other words, there is a law of inertia that tries to continue in the direction of upward trend, downward trend, or downward trend. But Price Theory has a different goal.

1) The "V" Calculation = B + (B – C)
V calculated value: V=B+(B-C) occurs in a V-shaped wave. This is the wave that returns as much as it falls from B to C.

2) The "N" Calculation = C + (B – A)
N calculated value: N=C+(B-A), which is returned by the same width after C.

3) The "E" Calculation = B + (B – A)
E calculated value: E=B+(B-A) is obtained by adding the increase from A to B to B.

The key thing in this analysis method is to analyze the target value and the limitations of growth. In a metaphor, it has the advantage of being able to calculate in advance how much time you have left to run a long-distance marathonrace and how much you will control your pace.

●What's the current situation?
Currently, Ichimoku dead cross is in progress, and BTC continues to weaken. Trend reversal $17036$ must Increase break through in advance.

Thank you for reading my poor analysis. We will continue to update according to the progress of the chart.
Some time has passed since the initial analysis. Although it is showing a slight rise, resistance tests continue near the 'Trend reversal zone 17036$'. This area must be successfully closed to rise and long.

Trend reversal zone 17036$ increased successfully. Our personal analysis determines that the rise will continue.
This is the latest chart update. Wave "N" TP 19168$ area is rising smoothly.
There was a strong rise. Critical target value "N" TP 19168$ has been reached. If the 19168$ rise is broken, the next rise is opened to "V" TP 20519$.
Trade closed: target reached:
Trade closed: target reached:
The reason why we are not uploading additional market conditions is that we are still moving sideways in high point areas rather than in additional directions. I will upload it with a new idea if another direction is sent later.

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