Hello, everyone, I would like some insight on your opinions.
I know BTC usually determines whether the crypto market will move up or down as a whole but I believe ripple is very bullish atm but also believe btc is very bearish atm too. On the chart, you can see that XRP has broken a long term resistance level and based on past analyzations of the coin I have...
Entry Price would be the .382 (3970$) and .5 (3930$) Retracement levels and should take about 1 day to reach,
Targets will be the .618 (4200$) & .718 (4250$) extensions and should take about 3 days to hit.
Stop loss should be below the .718 Retracement level (3815$) as wave 3 rarely retraces into wave 1 territory
DIsclaimer: This is not financial advice & I...
All the extension and retracments of the elliott waves are based on fib numbers and patterns.
As ususal the chart speaks for itself as long as you know how to read sub waves and understand elliott waves and patterns.
This will likely play out if we do not go below the stop loss, but the time frame will likely take longer, I just shortened it so it could fit on...
We have completed the ABC for the first sub wave of btc , if you were waiting for a good entry point for a btc long now is a great time.
If we retrace more than 100% than exit your long (Stop Loss 3500) and then if you are long a good target would be at the 1.618 range (Target 5,000) over a longer time frame this should hit in about 2 weeks.
Hello everyone, this is my long scenario for btc after the first wave hit the .618 region and completing an ABC correction pattern.
We have very heavy support at the .618 region and if we do break that level this scenario will no longer be valid
If however, we do break the previous high made this month we will likley hit a strong target of 5200ish at around the...
This is an Inverted chart of bitcoin, where we could possibly head down to 2k where there is very heavy support.
The reason I chose to invert the chart was to get a better view of bitcoin in terms of possible bear scenarios
This is a bit extream in terms of selling momentum but a very possible scenario due to high volatility in the crypto markets.