You can easily see that the left draws a clear harmonic pattern. There is only one problem. What price will point C correspond to?
Although the C leg of the pattern also seems to be complete, there still does not seem to be complete price stability. There is a possibility that the price will fall to fibonacci 1.13 and change the current harmonic pattern to shark...
Considering the pressure of BTC on other commodities that dominate the market, BTC dominance continues to fall. This means that we can think that BTC will fall and put pressure on ETH and other coins.
On the chart, which we can evaluate with the harmonic chart or the ABCD formation, we can predict that the prices will retreat by the wedge...
When we want to see the big picture, we see a large harmonic pattern covering the bull and bear .
Although the current price levels seem to have found support at 19K levels, I predict that this decline will continue until 12K. The reason for this prediction is the internal fractal patterns. If we want to explain this on...
I think there may be a climb up to 29600 levels at most. The last wave of the Reverse Elliot will surely be completed. I believe that this escalation is the last rise before the great collapse. I am thinking of taking profit from this climb and analyzing the hh region again.
Depending on the Bitcoin movement, as in other sub-coins, seems to have completed a harmonic pattern and consolidated in the monthly period.
When we look at the supply zones, I can say that when the upward trend starts in the monthly period, the first sales reaction is expected at $ 13 levels.
When there is a pullback and a...
When we examine the chart in the weekly period, I think the main pattern is complete.
We can think that the formation of a new movement has started or is about to begin.
Looking at the weekly and monthly support and resistance zones with Schiff pitchfork, we can think that prices are not too high for trading.
We can accept...
When we measure the angular support points of the previous supply zones on the Btc dominant, we see an angle of about -5 -6 degrees below 0.
In the latest data measurements, it is seen that a harmonic pattern consisting of a main pattern and a fractal pattern is completed.
The retracement fibonacci data of the main pattern...
When we simplify the chart with Renko, we encounter a elliott wave.
I think the harmonic pattern is completed in the monthly period.
Even if the downward movement continues from here, the price is at an all-time low.
From time to time there may...
This month we will observe the third candle equation of the 3 candles close, which is an important figure in every analysis. After the big decrease in the monthly period, the 3rd candle is in the cycle that includes September. We can observe a new uptrend with a close above the $25300 level or a downward trend with a close below the $17600 level.
I think we...
The harmonic pattern formed in the monthly period indicates that the prices will increase.
Accordingly, we can think that there will be a sales reaction in the B leg of the harmonic pattern. For day traders, this level may be suitable for buy and sell trading.
When we observe by expanding the time period, you can see...
I think the cmf will have an impact on prices in the previous supply zone . As you can see, the interaction areas between the previous prices and the current prices move synchronously.
It is possible to determine a strategy by controlling price movements at levels above cmf +0,14 and cmf +0,25.
Daily closes below 18400 could...
When we investigate the suplly areas in a 4-hour period, I believe that the resulting image may be 3.50% gold's stop loss area.
When we look at it with the Fibonacci fan, it shows that prices can be consolidated in the 3/1 and 4/1 area. If this area is passed as a accumulation area, it will fall to the 12K target we mentioned earlier.
I believe that these zone...
We see that the previous harmonic pattern pushed prices back to the fib 2.24 level.
I think he's trying to complete a harmonic pattern again now.
Moreover, I think that a pattern that repeats itself can be formed with the fractal.
When we simulate the first main pattern that may occur, prices will appear as...
When we look at all cryptocurrencies in general, almost all of them draw the same graph.
Because the analysis of other cryptocurrencies independent of Btc will not give a very accurate result.
Considering that other cryptocurrencies move synchronously with btc, it is natural for the charts to resemble each other.
In fact, analyzing eth vs is nothing but analyzing...
We can consider the area up to the Fibonacci channel 0.786 region as an accumulation area.
Prices in this region will move tightly.
We can accept the 1.tp zone at the $1,600 levels. I believe that it is a good level of buy and sell for those who are thinking of day trading.
After this region, the recovery of prices may trigger a pump.
The area I refer to as SL...
If we evaluate the data obtained in the box measurement between the low area and the peak, the fact that the back test is from 0.382 suggests that this will draw a harmonic pattern.
I think the C leg will stay between the 0.618 and 0.786 I mentioned on the chart.
Because I considered level A to be excessive depolarization. If we consider the depolarization...
I think the d Pillar of the Harmonic Pattern will get a support in 1.618. I am of the opinion that the price will experience an average of 25%-30% loss. It is necessary to measure control levels again when the price regresses to the 5650 levels.
Note:This not investment advice.
What is this ? I call it the honeycomb pattern. Of course, there is no such pattern. I'm making it up. But I still think it will work. The important thing is the BTC movement. Others are just copycats.