Wave 3 finished.
As we know wave 4th can go Deepto the top of wave 1st.(Elliot waves fundamentals)
If this happens, my A B C correction will be true.
Wave 5th can go longer than top od wave 3.
But i expect something in between.
1- I expect wave B to end at 51K and then wave C to end at 26K in the best case or 13K in the worst case.
2- If the price breaks with the power of 51 thousand after the pullback to the region, I hope good growth for bitcoin will start.
Good Morning to All Respected Investors and All Traders,
Here I made a simple prediction analysis for BTC /USDT after long run from yesterday
And now it looks pumping
Entry at the sign!
I reckon you guys to entry at 34 USDT, Take Profit at 42 USDT
Happy trading you all!!
PS: This is not financial advisor or even financial education. Please DYOR!!
Hello dear traders.
In my previous idea
"Strong levels, w-top, FLAT-trading scenario. BTC / USDT"
Yesterday, I wrote about the bart head, because the 18800 level was very persistent for selling, and I even had a desire to close our long a little and move the stop.
But the wait is paying off!
briefly and with content, I described everything that is possible, and...
Is this the end of the correction waves?
While many still predict a transition to smaller shares around 9k USD, I believe that the phase, and in the case of volumes, can finally evolve in a different way.
In this publication i give my weekly macro wave count which has been the same for over a year and a half, also i plotted out the fibonacci time pivots for you guys so your timing can be better! Also i throw on thw 5th wave target from pulling fibonacci extension from wave 2 low to wave 3 high back down to wave 4 low, the 618 comes in and around 11.5, the timing is...
Please check out my elliot wave count guys, tell me if your count says something different, all the measurements line up tooooo perfect to ignore this overall count to 11.6K to finish the 5th!!!! THANKS YA'LL
THIS IS MY OPINION NOT TRADING ADVICE!
I was in doubt till February 2020 when bitcoin was trading above $7300 and touched $10500 for the 3d time, after when BTC dropped below $7300 I was sure that it will touch near $5500 (200 Weekly Moving Average) and next it went down from that level as well and touched 3850 and on some exchanges it touched $3770 as well.
Now based on my analysis and...
as you can see on the chart we are below any possible moving average below 100 and also we are below 200-daily moving average. but i am very bullish on bitcoin because of my wave counts. i believe we completed wave 1 and probable wave 2 in big scope starting from the 3100 bottom. i believe we have completed the correction starting from 14k till the 7.7k and we...
Reason for open position:
1. Buy area on support of upward channel. After hitting the top of the channel today, there is a high probability there will be a retest of the support level.
2. Short term Elliot wave cycle correction.
3. Channel support directly on top of EMA 50.
4. Channel support directly on top of .382 Fib level
on 13 aug price entered the first wave territory by breaking the brown line that i drew on the chart and invalidated my count as i interpreted this as wave 5.
so now i recount these movements as a combined correction where we have a flat as wave W and a zigzag as a X wave and may be finally a triangle as wave Y.
so what now?
now i think we are still in the...
Here is the bitcoin price prediction chart. The article in its entirety can be found at procinctu.info
There are those who unfortunately only buy into bitcoin manias to ride the rocket to the moon, to get rich quick, to buy lamborghinis….They make the price bubbles possible, and oftentimes are parted with...