According to Elliott Wave Theory, bitcoin is in an "irregular flat" correction, the C-wave of which is being completed.
In terms of price action, however, we have a significant support in the $ 40,000 area, the loss of which is the activation of the head-shoulder pattern trigger. This model has the potential to drop in price to $ 29,000.
It's so dangerous for Bitcoin if price will broken Ema 50 and Neckline Of H&S Pattern.
In Weekly we can see Negative Cross Between the KijunSen and TenkanSen.
in daily we can see Death Cross (negative cross between MA or Ema 50 & 200).
Bear signals dominate the market.
Only bullish Signal is OS of Rsi and other oscillator in Weekly and Daily.
DXY (Dollar Index)...
Cardano/ADA going to test all-time high. broke out of the formation and retested it after closing an hourly above. trade target is shown in the video which will be achieved after breaking the all-time high. possible cup and handle formation forming aswell.
All info and targets have been shown in the chart
Short term breakout chart:
Cup and handle target(if the...
