Asra84

Asra84

Bitcoin is currently potentially resembling a Wychoff Distribution layout. With this, we could potentially see an UP THRUST to ~$44,780 which corresponds to the 100% FIB extension level. We can then plan for the continuation of the corrective run with the beginning of a C WAVE down to the the DEMAND ZONE ( SHOWN IN BLUE ). Let me know your...

Asra84

All indications of a  5-wave move down in the corrective C wave are illustrated on the BITCOIN chart. The end of the C wave will compete Wave 2 of the overall macro move with a price target of at least $20,690. This will then be followed by an accumulation phase which will lead to a 3rd WAVE up. **not financial advice**

Asra84

September 26, 2023 After a brief mini-recovery, we can expect BITCOIN to crash down to at least $23,000. This would complete the C wave / Wave 2 of the LARGER WAVE. This would form a support and beginning of WAVE 3 that could see BITCOIN go to $40,000. --not financial advice--

Asra84

On August 29, I mentioned that bitcoin has the potential to go down to $23K. With todays price surge up passed $26K, there is possibility of an overshooting B wave. If BTC moves passed the $26,500 price mark, then the overshooting B wave up to the supply zone at ~$30K cannot be ruled out. This would set up a LARGE selloff down to the original FWB:23K mark...

Asra84

**August 29, 2023** Todays price surge may just be a slight pullback as #bitcoin completes the 4th wave of an overall corrective C wave. On the 4hr chart shown, the RSI moved too quickly to be oversold... Expect a completion of the C wave with a 5th wave down to ~23,000.

Asra84

The boring sideways movement of Bitcoin is indicative of a classic Elliot 4th Wave . Combined with overall positive macroeconomic conditions and favorable Bitcoin ETF news, a move up to $36,000 is very much probable. LIKE and Leave A Comment. *NOT FINANCIAL ADVICE*

Asra84

Currently, three notable factors are worth highlighting. Firstly, the 1.27 extension aligns with the price range of $39,000 to $40,000. The $40K range also falls in with a significant support/resistance level. And lastly, take a look at the Volume Profile between the price today and $40,000! Do you see it? Leave a comment and tell me what you think. Cheers

Asra84

Looking at the 4HR chart, we see that the movement after ( A ) came back and retested the resistance level at ( B ). The movement from ( C ) to ( D ) with large volumes was enough to break through the resistance which is now acting as a support level which also corresponds to the 38.2% fib level of the last bullish rise. With the low volume levels and the...

Asra84

BITCOIN TA - ELLIOT WAVE THEORY ANALYSIS We are in a 4th wave which has a tendency to be long and drawn out ( in this case, 2weeks ) before pumping up in a 5th wave! Price target for the 5th wave is $40,000 which would be a 40% increase!! Before the pump, look out for a price DECREASE to an oversold level on the RSI. JUST MY TAKE - ** NOT FINANCIAL...

Asra84

BITCOIN TA There is a scenario where the 5th Wave is not complete and bitcoin could push up further to $28,400. However, if it drops to the $25,600 level, there is a greater chance that we could be in the beginning of the ABC corrective wave. Wave A will move down in 5 waves and a SHORT position may be available at the end of wave (iv). TP level :...

Asra84

BITCOIN TA Well that wasn’t very nice! However, with this post dump, the chart pattern becomes a little more clearer with its story. The downtrend today could the extension of a corrective wave (A) and illustrates that we have finished a 5 wave move to the upside. INDICATORS OF THE 5 WAVE MOVE: The common fib level for a wave (3) is 161.8% of wave...

Asra84

BITCOIN TA Even though the recent downtrend may seem bearish in nature; I believe that is was just the retracement from the BIG PICTURE WAVE 3 . The retracement down to the 62.8 Fib Level formed WAVE 4 which was supported by previous buy/sell / DEMAND level also indicated by the Volume Profile . Given that there is not much macro information being...

Asra84 Updated 

BITCOIN TA - 1-HOUR CHART Having completed the previous cycle's C wave ( see the previous post ), BITCOIN has the potential to soar back up with a brief stop at $23,000. With "OK" CPI numbers this morning, the market has rallied. I have entered a LONG POSITION at $21,936 exiting at $23,000 after a 5 WAVE rise. **not financial advice** Let me know what...

Asra84

BITCOIN TA - BULL TRAP?? For this current run, I am anticipating a 5 wave move to $23,000, stemming from the previous run C wave bottom ( shown in the yellow ). However, BITCOIN did not sell off all the way to the previous DEMAND ZONE of $20,600. And alternative scenario to watch for is if the current run is stemming from : 1. the bottom of the ( A )...

Asra84

Breaking down passed a key support has a strong potential to continue down and complete a C wave. Taking into account volatility, a possible entry for a SHORT POSITION can be ~$150-$200 below the LL. TP1 : SUPPLY/ DEMAND zone on the DAILY chart. TP2 : SUPPLY / DEMAND zone on the 1 HOUR chart. ** not financial advice** Just my take on things. Let me...

Asra84

DAILY CHART TA Breaking through a key resistance level at $1.18, POLYGON has the potential to shoot up to the next supply zone at $1.50 ; a 16% increase from todays price. The key resistance level was held in May 2022, then again in November 2022. *Not financial advice, just my take on things* What do you think?

Asra84

DAILY CHART TA Coming up against a strong resistance zone at $23,000, bitcoin needs to hold the 38.2 fib level and stay above the 21 day MA to reach the supply zone at $25,000. If the 38.2 fib level is breached and the daily candle closes, there could be a possible drop back down to the $21,300 range. *Not financial advice. Just my take on things* ...

Asra84

The last line of support for Tesla is the $90 mark. If that does not hold we could see $60 per share. Let me know what you think.