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Falcon_Trader_1
Aug 18, 2021 2:03 PM

All is well with BTCUSDT 4H commentary  Long

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

00:00 HRS UTC signifies trend change in BTCUSDT in 4H time frame. We were hoping for higher low formation, and the time has come for that. Overall market structure looks good and it is doing what it is supposed to do.

Key target price for reversal:-
1. 44358 USDT
2. 44125 USDT
3. 42411 USDT

I do not think it will go further below 42000 levels, and upside is good. Hold, the key strategy here is to hold.

Comment

Trend Change as expected, the vertical lines, 04:00 HRS UTC, was a perfect trend change that I showed on BTCUSDT

Comment

Slow Clap!!



Comment below if you want to any info on how I predicted the rend reversal in this technical analysis.

Comment

Here is the next trend change dates, take a look at the yellow vertical line, where we will see minor trend reversals before final reversal around 24th Aug 2021. Trade at your own risk.

Comment

One of my great market geometry series is not over, showing you the next trend change as predicted before in yellow vertical line. Do not miss date and time stamp in UTC below the chart.

Comment

Elliott Wave Theory is something that I do not always like because we can make errors while working on it, however, looks like Wave 5 is done, and formation of ABC is in progress. I can be wrong but my Market Geometry and Gann Levels will not. Therefore we trade on price action and Market Geometry Levels.

I have posted some more trades in alt coins, and they have achieved targets as well.

Follow me for more ideas like this.

If Elliott Wave analysis is fairly correct then we can have 3 waves down to form A, which should overall touch over Wave 4 levels, more on this later.

Comment

Whew!!

Finally we have reached the end of this commentary.

Here is the final analysis, and how we have predicted the market based on Gann Analysis, Market Geometry and Falcon CCI.

Falcon CCI is a free indicator that you can use in TV.

Here is the chart, let me know what you think:-

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