Bitcoin prices were moving upward at the beginning of 2021. But, its investors have seen heavy downfall into May to June. Afterward, it has hiked from 28600 to above 51356 .
According to Elliott's wave theory, it's running under the 4th wave. We may see a sideways trend here. Bitcoin is preparing for a solid uptrend ahead. It's a right to jump on Bitcoin for...
●● 𝘾𝙖𝙧𝙙𝙖𝙣𝙤 (#𝘼𝘿𝘼𝙐𝙎𝘿) — 𝙀𝙒𝘼
● ADAUSDT (BINANCE): 🕐1D
The rocketing five-wave advance forms a nearly perfect impulse , in which the fifth wave is expected to rise.
Extension by the third wave, alternating waves 2-4 , touching by the top of wave 4 to channels 1-2-3 — all this is a harbinger of growth by wave 5 ,...
Tomorrow (10/09/2021) we could experience the confirmation of the initial phase of wave 3, since today the price could not penetrate the zone of the lows that RHE left on September 7. This is a possible signal to enter in the purchase of the fractal major: it began with the low of August 17, in September 31 completed its first wave.
The key is that in the morning...
Tomorrow (10/09/2021) we could experience the confirmation of the initial phase of wave 3, since today the price could not penetrate the zone of the lows that PETV left yesterday. This is a possible signal to enter in the purchase of the fractal major: it began with the low of August 25, in September 1 completed its first wave.
The key is in this morning...
Elliott Wave :
Complex correction for wave b / wxy /
Wave X in process
Liquidity position short trader 14 Jun with this wick :)
Wave C must take this long liquidity under 28 k $
I just analyzed the run up from bitcoin in Elliott Wave theory and it was quite difficult to define the last correction, as it is somewhat vertical. But continuing the Elliott cycle, there is theoretically, also due to the subdivisions seen in lower capitals, only 2 types of correction possible: ABCDE or a complex WXYXZ. If we would stay in the 'not so nice'...
As recently GOLD (XAUUSD) was rising, we have recognized the completion of the five waves up followed by lower degree five waves down. REMEBER: Five wave move against the major trend indicates the beginning of correction, specifically ZIGZAG CORRECTION. Therefore, we expect ABC zigzag correction that later will be followed by continuation of the trend to the...
1/ This new idea is based on the previous idea below, rsi possible extended 1st wave like our spx. Nothing guaranteed
here just an amazing similarities (chart # 1).
2/ The previous idea is coming handy for "Gaps behavior " and how they usually appear in waves 3 & C. Well it kind
of supporting this idea of an extended 1st wave. Here it is below (chart # 2).
●● Mine scenario
Most likely, the sideways correction is unfolding by wave (b) in the form of a contracting triangle , followed by a downward exit in a five-wave structure (c) . The wave count allows you to keep the ratio I > III > V on a logarithmic scale.
Very hard correction.
wave abc / blue / is zig zag
wave c / blue - diagonal
wave abc blue - create wave (a) /yellow/
wave abc white is zig zag and create wave (w) white.
wave (x) is connector
wave 12345 white is expanded diagonal for create wave (1) green
wave (1) - (5) green is leading diagonal for create wave a orange
Wave b orange is zig zag
wave 2 white is...
Price broke the corrective channel and has formed an ending Diagonal to finally end the downtrend a week ago! Please follow and comment with your own charts / opinions. Thanks for checking me out!
Not a professional, just learning all of this, do your own due diligence before making any trades!