Bitcoin price tested the support level in the region of 9100, having formed a controversial correction model.
For this reason, I revised the overall dynamics and made adjustments to the general map of wave motions.
The main resistance level is located at 9500-9650.
In the short-term, I expect a declining price to 8550-8300.
At the moment, it is possible to retest...
The price has risen according to the main scenario, which predisposed to the end of the correction and the formation of wave 5.
At the moment, due to the fact that the price is still in a wide range, another 1 alternative has appeared, which can still provoke a wave of sales.
To activate the sales scenario, you must violate the rule of the main scenario - touching...
Possible rise in the price of GBPAUD in wave C as part of wave 4.
After reaching a key resistance level, I expect a continued decline in the framework of wave 5.
In anticipation of the important event that all crypto enthusiasts expect, the price of biotin is in a key trading range.
It is important to note that the key level for confirming the collapse of the event is 8300. After the breakdown of 8300, we should expect a decline to 6000 and below.
Speaking of rising price, the breakdown of the level of 9800 will...
In the continuation of the decline, it is worth considering bitcoin sales from a key resistance level.
At the end of impulse wave 5, it is worth planning to exit short sales and make purchases.
For a better understanding of the situation on the market, it is worth turning to the previous idea, where I explained the situation on a longer temporary time frame.
Yesterday I published a trading plan in which was expect a correction in the form of a triangle model. At the end of the formation of the model, was worth making a buy.
The trading plan was not confirmed, and the price fell down.
At the moment, the situation is ambiguous.
In the main scenario, it is assumed that the correction has become more aggressive. After...
Bitcoin price has found a range of local correction.
Currently, it is assumed that the price will form a triangle correction model.
The scenario cancellation level is 9395.
At the end of the graphical model, it is worth considering aggressive purchases with target levels of taking profits of 10300 and higher.
The price continues to rise.
At the moment, it is worth considering only purchases from key local support levels.
The general picture indicates the possible completion of the impulse wave of 5 by May 12-13.
At the moment, the price has formed a good pattern for a set of long positions.
In anticipation of Halving, it is highly likely that growth will continue.
It is worth considering purchases with holding positions to the level of 10500, possibly higher.
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Stop-loss at 58
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