₿ottom Line : Searching for a low.
Outlook : Until ₿itcoin can recover above $41294.95 , it continues at risk of new lows for wave (4) .
The decline to $28915.01 earlier in the last week was in line with the idea the fourth wave correction from the all-time high had not ended. While the low of June 22 tagged earlier cited support in the ...
The theory claims that markets grow from small price movements by linking Elliot wave patterns to form larger five-wave and three-wave structures that exhibit self-similarity, applicable on all timescales. Each level of such timescales is called the degree of the wave, or price pattern. Each...
Hi everyone, everything is clear and understandable from the chart but for the record, BTC will be bearish for November and very bullish for the end of 2021 and it will hit 100k by end of January 2022. As you can see there is a very powerful PRZ - based on Fibonacci levels and channel line - around 53k which could be a very good price for buying.
**note: if BTC...
Bitcoin is almost to near breaking all time high of $64860 and the weekly target for TP 1 = $87000.
I had shared my analysis in August when the buying signal had appeared.
If you are with me with my analysis then do comment below for my right or wrong, both are welcome :)
Bitcoin Update 28/09/21: Scenario 1 didn't quite play out for BTC as we mentioned earlier during the start of the month. From here we can expect the scenario 2 push phase to play out. A clear break with the 13 EMA crossing up above the 50 SMA will be further confirmation of this push above $46k. September is historically a red month, and this year we saw this...
After the recent waves of correction, the Bitcoin scenario of (BTC 100K in 2022) has become more realistic (in my opinion) because in the financial markets, any correction of the main trend will be more powerful in a higher period of time.
As for the Chinese FUD, whenever such news flooded into Bitcoin, after short-term corrections, Bitcoin saw strong growth, and...
If the current 4-hour candle closes over an 8-hour candelabra, a bullish inversion pattern is formed. While there has been a rise in the currency index, candles have fallen. Such a positive mismatch
I know it's too early to say that now, but it's pulling a shark or bat mould again up to the price of 54K. So I advise you to be careful after 53K. Keep your stop...
Long time since I posted, planning to become more active again.
BTC is looking really good for now, the retest is very clean and everything is well respected. It is now getting exciting around $50,000 & $56,000 USD. If we break through and respect this price area I expect a new ATH on Bitcoin soon.
Not much else to comment on, leave your thoughts below!
Look for Bitcoin to complete a drastic drop during Wave 4 of what seems to be a developing motive wave. With both Waves 1 and 3 having have an internal three-wave setup, it's all but confirmed that we're in a Leading Diagonal Wave (feel free to call it a Wedge if you'd like).
It seems as tho bitcoin have been forming a breakout triangle since its peak at around 60K.
Only a matter of time before we breakout...
Is 100K possible by the end of the year?
Doesn't look so crazy when you zoom out.
Let me know your thoughts.
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Good luck Traders!
not sure just a prediction by a beginner. there are two possibilities in which 28000 can actas a fkin major support . it can drop to 28000 because of grayscal unlockk on 17 july. it has 16000 reserves of btc. many huge instituition might sell it so its price can go down to 28000 and then the targets of many bhuge instituion and whales will achieved and the price...