Bitcoin has formed an impulse decrease, the presence of further bounces will have a defining meaning for determination of future movements. In case of drawing of correctional ranges at the current levels, the probability will shift in the direction of lower quotations, but it is too early to talk about a deep fall. Altcoins: Despite the deep decline in quotations...
Bitcoin has formed an impulse decrease, the presence of further bounces will have a defining meaning for determination of future movements. In case of drawing of correctional ranges at the current levels, the probability will shift in the direction of lower quotations, but it is too early to talk about a deep fall. Altcoins: Despite the deep decline in quotations...
Bitcoin drew downward momentum on the night of February 14 to February 15, it is too early to talk about a deep correction, but given the current ultra positive investor mood and the fact that bitcoin has been in one-way growth since March 2020, it may indirectly hint at the prospects of a pullback. In order to confirm these expectations we need a proof, and we...
Bitcoin drew downward momentum on the night of February 14 to February 15, it is too early to talk about a deep correction, but given the current ultra positive investor mood and the fact that bitcoin has been in one-way growth since March 2020, it may indirectly hint at the prospects of a pullback. In order to confirm these expectations we need a proof, and we...
Bitcoin broke through the key resistance level of 4354770, and further on it is necessary to monitor the situation, as a false breakout can be formed from this level and the currency will go into a deeper correction, whereas in case of consolidation and impulse outburst formation, the probability will shift towards further growth. Altcoins: UNI idea is still...
Bitcoin broke through the key resistance level of 4354770, and further on it is necessary to monitor the situation, as a false breakout can be formed from this level and the currency will go into a deeper correction, whereas in case of consolidation and impulse outburst formation, the probability will shift towards further growth. Altcoins: UNI idea is still...
Price seem to have travel to a level of my fib extension resistance line which my force price to push back. as far as it looks price is in a A-B-C corrective move with the final wave C to complete if not completed. I will be patiently waiting for price reaction to execute. Alternatively price might break past the nearest high and continue going up.
From 09.01.2021 - 27.01.2021 correction in the form of a triangle and an impulse exit were formed, at this stage the probability is shifted to the direction of further growth of quotations, afterwards it is necessary to monitor the movement in development. Altcoins: UNI idea is still relevant, at this stage there are no signals that indicate a downward reversal...
From 09.01.2021 - 27.01.2021 correction in the form of a triangle and an impulse exit were formed, at this stage the probability is shifted to the direction of further growth of quotations, afterwards it is necessary to monitor the movement in development. Altcoins: UNI idea is still relevant, at this stage there are no signals that indicate a downward reversal...
Assuming the recent drop is a wave A drop with the unfolding wave assumed to be wave B, I am projecting for a drop at around the 50% fib retracement zone as my first target. This analysis remains valid until price break the "invalidation" marked level. Alternatively price might break low past the level labelled A and look to clear the recent lows.
When i doubt, go to a chart w/ stronger fiat against #BTC While on USD, the trendline is not very clear, against JPY is solid. Unless reclaming & holding 35k, everything seems to aim for a last week low - yearly open retest (~29-30k) Losing that -->27k $BTC
Here is the internal break down of the inside wave since we are aware that the market move in fractals, so we position ourselves in every time frame.
From the last update I was assuming that price might be forming a flat pattern, But when price went to hit the invalidation level I had to switch on idea. As for now I am assuming that price might be forming a triangle pattern with a build up of a three structured internal waves labelled minor A-B-C. This idea remains valid as long as the minor waves of the...
At this stage the probability is shifted towards the BTC growth. The key level is 3510000, if price goes under this level, a local short trend may develop with goal around 2690000 - 2650000 per coin. Altcoins: The idea about UNI remains valid, the goal is around $15 per coin.
At this stage the probability is shifted towards the BTC growth. The key level is 3510000, if price goes under this level, a local short trend may develop with goal around 2690000 - 2650000 per coin. Altcoins: The idea about UNI remains valid, the goal is around $15 per coin.
Everything seems to be going well and yet the price makes another swing which give sellers another opportunity to join thos bearish short term trend to prepare for the final drop.
Regardless of the current support price just got rejected at, I am still convinced that price still has to drop a bit deeper to finish minor wave 4 and perhaps see a consolidation just beyond that support. I am still targeting the 38.2% target, if it passes through that level then I am targeting the 50% level.