BTC/USD is soaring after falling wedge (week scale ).
So, We can predict last target with falling wedge pattern.
last target price is near 11000~11500 USD.
If BTC price is higher this prices, we have to predict next price with new analysis.
But, I think it is very difficult. maybe it has to have correction waves or side way around 9000~10000 USD for breaking...
4 hour chart of BTC/USD is making tunnel with increasing lowest prices.
Now it can teach of tunnel. If it can break tunnel with soaring, We can expect next price, 10000 dollar.
If it can't, price can be plummeted near 9100 dollar.
BTC/USD touched 7600 dollar that is elliott 3 wave.
Now BTC/USD is having correction wave (elliott 4 wave).
We can predict rebound price by using elliott wave analysis.
7000 dollar was broken So, next price can be 6500 dollar.
Sure, it can be changed by major support 6800.
falling wedge is fake. (making bull trip)
BTC/USD is making bearish flag.
I think that BTC price can be stable after one more drop.
So, We can't expect strong rising in the near future.
After confirm lowest price with long period, We can check new chart pattern.
Now BTC/USD chart are in big triangle pattern.
BTC/USD just touched bottom trend line.
this level is very strong support line with double bottom.
And the volume of sell was not enough.
but I can't have confidence that BTC/USD chart will soar...
Now we can assume two cases with up or down price.
If BTC price soar with breaking big triangle...
BCH/USD chart is confined to Big falling wedge pattern.
Now BCH/USD broke away small triangle pattern.
But there are many resistance levels above this price... T.T
But, below this price, there are many support levels made by convergence in small triangle pattern.
It was very long period. And it is nearest trading prices.
So, With this many strong support...
BCH/USD chart made Elliott 4 wave (It is small wave)
If BCH/USD chart can generate additionally 5 wave with breaking neck line, BCH/USD chart will make inverse head and shoulder pattern.
I think it is will be start of big Elliott 3 wave.
I think BTC has big triangle pattern with doubt.
Now 4 hour chart reveals like this.
Maybe there are two choice for BTC GODs...
I assume that case 2 is more possible because many buyers sold today.
the volume in january 7 is same today...
Maybe we need high buying for case 1... TT
XRP/USD chart has triangle pattern .
it has 50% vs 50% possibility for breaking up this pattern with up or down.
I just assume that betting for up is better because there are many support levels below this price.
nearest the level is now. it had many retest for break up or support.
And below this price there are many support levels. So you can escape after...
I think ETH/BTC chart is making Elliott waves,now 3 waves confined to rising wedge pattern.
3 wave is until Fib retracement 1.618 but it is near to resistance line from 2018
after break away from wedge price will go to 4 wave.
It is just report for me. ^-^
It's my practice ^-^. I just describe about my chart with my opinion for report.
I thought that BTC chart was confined with falling wedge.
And price fell above Fibonacci retracement. this line is very strong resistance.
And wave (1) was generated by rebound above Fibonacci retracement.
And wave (2) was made.
wave (3) is strongest of Elliott waves.It could...