Hi regarding my previous post on bitcoin you can find the opposite bullish count. both scenarios are still valid until one gets invalidated
It seems that wave E of the triangle is almost over. you can see a clear impulsive wave which seems to be the wave 1. I am expecting to buy at a proper fibo level.
now the triangle is broken and we are on the wave 3 of the impulsive wave I am expecting the market to retest the broken line somewhere in the box that I have marked
I am still short on this market and you can sell when the confirmation level is broken
There are several valid scenarios and non of the contradict the other one, this is the one I think is valid I recommend stay away from the market until it unfolds completely
we got lose to the support area, you can buy if you see a buy candlestick
My general view is that it is an uptrend market but the correction has a very strange structre and needs to unfold more Don't rush to buy wait
It seems that we will have a explosion hahahah wait for the conformation
I will wait for wave 5 to finish and then short
we are at the wavw 4 correction and be rady for a big crash when the wave 5 finishes
the current uptrend seems to tbe last leg of the corrective structure. I so bearish on this
We are currently observing a triangle at the 4th wave from the impulsive wave up. couple of facts about the current move: 1- wave 3=wave 1, so it is not a strong wave 3 the triangle is quite a deep correction in this case (reached 50% retracement ) a simple fibo analysis suggest 11871 for the termination of wave 5 you can also see a strong resistance area at...
it seems that we have reached to the end of the uptrend channel you can sell after the confirmation
I am expecting to have an ending diagonal and then a reversal
if the triangle is confirmed probably it will be the end of correction and you should expect to enter wave 5
It seems that the last prediction was correct and Bitcoin is struggeling to break through 9600$ I think if BTC breaks bellow 9556$ then we are entering the correction mood. in this case wait until the correction is over and then buy the 9556$ is predicated based on reverse RSI method
well, the prediction went correct and it reversed near 9600$ wait for the reversal and tehn buy