According with our last analysis...
in the analysis above...the bottom was called 5780 ... and it was 5858 at bitfinex...pretty accurate
The projection of C going up it's dificult to predict in the present moment, he is still young.
but if I had something to say about it right...
Last analysis we went pretty good...above.
the last ABC (big B) over extended because the ETF rumor
that means for me now that that the bottom can be the 5780 or even 4800.
I would consider lower only if we didnt have reach high enough in this last movement
Since the beginning 1st analysis
somethings have changed...
now that we know where to price is gonna go ...
the recommendation is buy at 6000-5900
final of 5th wave C and big B
like if you like
stay free to comment
From my first analysis, nothing changed so much
BRAVO, if you sold at 66xx where I said in the last analysis...do not buy right now, we are making divergences in all time frames. so it is very hard to BTC go up.
The last movement up that we saw was BTC making an EXPANDED FLAT with the B going...
From my previous analysis, pretty accurate isnt it:
for now we have completed the Big A coming up in clear 3 waves. so, this is the beginning of our 4th wave Big correction.
For now on we should make a move down that will looks like that we are heading to the 5th wave coming down, but not...
Heading to the end for this section movement...we are playing the last 5th wave in the end of the apex.
Targets are label in the graphic...
hard confluence zone:
1) horizontal support
2) 100 weekly ema
3) fib projections for the last wave ending between 5600 - 5400
4) end of a cycle
5) daily oversold (RSI divergence)
6) daily oversold (MACD divergence)...
ALTERNATIVELY...I like to take the risk to say if BTC doesnt go as expected and break up bulish (because always have a chance) is to sell on the strenght in the C location at .618 from wave 1 to 5 when see that is not going to break up....but you still in profit because alreay bought down where I said before
easy and safe trade
High Probability of trade, this scenario is high likely...
Longs = 57% - shorts - 42% in bitfinex...
and many other coins, suggest a reversal to an ABC going up..
the green is the 200EMA that would be the 1st resistance of this big A(c) going up.