I think this is a pretty good guess. Im not going to try and educate anyone on statistics or indicators here. Looks like we hit the end of an elliot wave. We will go up or down. I have a bullish bias, as the bear volume is weak af rn. If im missing something, let me know in the comments below.
So these formations on the RSI and CRSI are kinda funny looking. Obviously we either maintain this support at $95 ( which there is alot of support on the books right now), or we fall through which could lead to a violent selloff. If we go down we could see a bounce somewhere in the mid 80's if you guys like to trade every wave; but other than that, i believe 75$...
I think we just penetrated a resistance. We can retest and hopefully go up starting off slowly from here. Theres also some important support levels just around 85-100usdt.
Im not going to try and use tooo many words, i have a history of being wrong. The capitulation has commences hopefully you guys didnt get gutted today. I think were going down further.
Ok so last time i wasnt exactly right so im going to try this again after watching some elliot wave stuff from my friend phil. This time it looks as if we are currently on the 3rd wave going to the 4th and finishing with a drop down to pierce the lower bollinger band. Im going to predict this wave finishes by retesting 6300. We'll see if my wave analysis is close.
This is my interpretation. A quick drop to 6200's zone (a historical support level going back several weeks) for a retest. If bitcoin 0.01% makes it through this we may see the capitulation. I am new to analysis so take this forecast lightly. My opinions are my own. We are at a crucial support for the 25 bar MA on the 12H chart. If my analysis is correct we...
This is my interpretation. A quick drop to 6200's zone (a historical support level going back several weeks) for a retest. If bitcoin makes it through this we may see the capitulation. I am new to analysis so take this forecast lightly. My opinions are my own. We are at a crucial support for the 25 bar MA on the 12H chart. If my analysis is correct we may...
This is my first ever technical analysis. I will learn more about fib replacements, RSI, and whatnot before i return. Let me know what you think of my prediction, and give me tips for my next TA. Thanks.