BTC tends to follow fibonacci extension and retracement, plus elliot wave well.
Based on previous trends, BTC retraces each major move up to the .5 fibonacci level. So it falls back 50% of it's major move up to 'consolidate' before moving upwards again. BTC is now retracing to the .5 fibonacci level, to an estimated $54-56k area. This would complete the Elliot...
For many reasons, I believe that the market will move upwards for the next year
I think Wink's uptrend will be similar to the chart above.
I think we have reached the end of the second (2) wave of Elliott Wink
we are now at the beginning of one (1) of the three (3) main Elliott waves
So looking at the chart you can easily identify 3 flags.
The 3 flags represent 3 scenarios of where the price could end up the the eoy of 2021
green being the best, red being the worse and yellow being moderate or the more than likely scenario.
The best case scenario for $Trias within Andrews' Pitchfork Model is that $Trias would need to end up in that blue...
SHIP retraced back to the 50 fib finally, bounced and now attempting to get back to the 236 area but recent volume has ben lighter than in previous weeks. As it approaches this area yet again, I think volume will ultimately dictate the next move. Sure, you've got supply chain bottlenecks and higher prices for shipping specifically to Capesize vessels. However,...
AI is confident in "short".
It's not an invalidation.
Long-term, however, could be "long".
We might buy back lower.
To trade this bullish triangle.
Pattern: ascending triangle.
Marked the post neutral.
So, followers don't have to close "short".
Ok, so this is my prediction for the near future (into around April of 2023) It's just time to move back towards moving averages. I understand anything can happen and I'm still going to be trading on a day by day level, but it just feels like it's time to pull back harder...
Let’s see what happens… I am betting AGAINST a Santa Claus rally...
Short 🔴 Price will go Down, Bulls will Buy Loss
SVM (Support Vector Machine) forecasts BTC/USDT dump.
AI predicts traders will try to buy the dip.
A liquidation snowball effect could create a fast & volatile crash.
After the shakeout, the new ATH later this year isn't excluded.