HenkGK

HenkGK

Currently, the price is in the side channel, which may suggest consolidation and flag formation. The price can test the area of $36.5K - $37K or go down one level of fibo to $35.5K (50 fibo) before coming under resistance in the area of $42K. Only breaking this resistance (closing the candle above $42K) can trigger a next move and possible attack on the next...

HenkGK

The next move could be a correction. The price almost touched level 0,236 of CD wave. There is bearish divergency (T1 &T2). If a move down will start, a price can land near level 1,13 of wave CD (0,00002530). I’ll think about bullish scenario if a price will close above 0,00004455. It is not any financial advisor. My previous scenarios: and update:

HenkGK Updated 

The scenarios for the next move: Scenario 1 – formation ABCD 1. Going down - wave (C) or CD 2. The two possible targets: a. $8600: CD=1,46BC & CD=0,236AB expansion b. $8200: CD=1,13AB & CD=2,236BC & CD=0,618AB expansion Scenario 2 – formation XABCD 1. From $8900 could be one more move up, before correction 2. Wave CD could go to level $9600 3. From point D...

HenkGK

There is my current scenario for BTC. In point B1 and (B) there is bearish divergence (RSI for B1 is higher than for (B) ). Now, the wave CD could be started to form. The end of the wave CD could be at $7700 (CD=1,13AB; CD=1,272BC). There is also possible to go deeper to $6900-$6800. In this case the Bat formation will be created (bullish). In my opinion, a...

HenkGK

My scenario is bearish. The correction has to take place, it’s normal situation on the market. Wave C can finish at $7600, but the strong level is also around $6800. We will see. There is not any financial advice, just my scenario.

HenkGK Updated 

From the end of June 2019, there is the downtrend. We will be able to confirm an uptrend, when the levels $12340, and $13870, will be crossed. The strong confirmation will be when a candle will close above the levels. The current wave is building the 7th green candle, the volume is lower and lower. We should expect a correction, we have to have correction to have...

HenkGK Updated 

The price could build the XABCD structure (as on chart), which will be bullish. There is still space to go deeper (based on the indicators on chart). But there is also a hidden bullish divergence between point B and current price, so I’ll be watching if the price will go deeper, or will change a direction. There is not any financial advice, just what I see on...

HenkGK Updated 

The price is still building the XABCD structure (which is bullish). The price is near the level CD = 1.13AB. We can start uptrend from this level or go deeper to 1.272 level. Still there is not any factor for buying it. So, from my previous analysis only scenario 1 is valid for me. There is not any financial advice, just what I see on the chart.

HenkGK Updated 

There is my analysis of the current situation on ICXBTC . 1. The local trend -> downtrend 2. Divergence in point A and C -> bearish Scenario 1 – my current We are going to point D, somewhere about 2857, but it is also possible to land only on the level 2996 – 3016 (strong level AB = CD). The formation XABCD is bullish , so from point D the uptrend should...

HenkGK

There is one of my scenarios for BTC, the formation of XABCD is being built. The proportion of the formation is not super perfect, but very close. So now a price should go to level $5000 (level $6000 is also possible as the end of correction – 61,8%), next up to at least $12400. Crossing $9650 will delete this scenario. There is not any financial advice, just...