Bitcoin remains downwords and is falling correctivly into a WXY pattern. I will trade this with short entry at 23000 and stop lose above black X wave top. Price allready hit 0.618 fib retracement of the previous blue W from black Y. I will update TP targets so if you like my analysis subscribe for future updates. Good luck!
After this flat type correction I expect bitcoin to correct more at least with a C wave and it is possible to touch the 21650 area. I will enter short at 23210. Stop lose 23670 I will update take profit later. If you like my analysis subscribe for future updates! Good luck!
Bitcoin may continue to move high using this impulse taht can be an wave A or 1. Ziz zag correcion seems to be finished but I dont have a concrete price direction since we break below or above specified levels.
Eyhereum may be into a 4th wave triangle. Also we had a bounce into 0.382 fib retracement of 3rd wave. 5th wave may hit 1900
XRP break resistance and now pumping. Catched long on the break. It will go for a 3? Lets see!!
Matic may end soon this impulse to the upside that probably is an A wave. Also we have a broken resistance that can be retested at 0.5 fib retracement if this A will end at 1.039 usd
BTC may have finished the correction for a wave x or may enter a scenario of a flat type correction that can be normal or expended.
I am still bearish going with orange count presented yesterday (watch the related link ideea ) WXY and now a X wave that may be not over and can hit 0.764 fib retracement of the WXY that formed W wave
As the price stay below 0.50 fib retracement is a 4th wave from an A or 1 wave
Probably Bitcoin is into a leading diagoanl now that can be a wave 1 or wave A. 4th wave must end into 0.382 or 0.5 fib retracement of the length of wave 1 that formed leadingdiagonal.
Price action and chart pattern trading > Wave Analysis projection - descending triangle / wedge breakout trading target > Entry @ support retest breakout downtrend wave triangle > Target 1.0 - 1.618 extension of ABC uptrend wave possible at volume profile resistance > Stop @ right shoulder of inverted head & shoulders > RRR 3:1 Always trade with affordable risk...
Wave 1 a leading diagonal and now a push up for a wave 2. I am waitting for wave 2 to enter short. i will update this count so subscribe if you like for future updates!
This is how I am seeing Bitcoin now and how I will trade it. Subscribe for future updates. Good luck!
Something is not smelling me too good here!!! WXY or 12 12 If this structure was a WXY it must be completed now and Bitcoin would have broken the resistance from 22360. I will keep my short postion and I'm more inclined to say that it would be a 12 12. If it so we must see volume up and a massive sale! Also subwave 1 from second 1 wave is extened.
USDT.D is now at support, i think we will see some moves to the upside anytime soon which means correction towards crypto market for approximately 2-3 weeks ahead. Breakout upwards 7.9% could be dump for bitcoin and other crypto pair. Do not fomo buy now, wait for retracement & confirmation.
Bitcoin is into a 7 swings wxy correction and I think we are into wave B from the Y wave. Also this B wave is a wxy corrective pattern. We have a 2 key support levels 22500 and 21500 zones so if Bitcoin bounce in one of this supports and retake the middle line of the channel that act as a bullish flag also than it can go to 27000. I am still in a short position...