# Bitcoin Ichimoku Price Theory Analysis

Long
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.
Comment:
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.
Comment:

Trend reversal zone 17036\$ increased successfully. Our personal analysis determines that the rise will continue.
Comment:
This is the latest chart update. Wave "N" TP 19168\$ area is rising smoothly.
Comment:
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\$.