KenzoYagai

KenzoYagai

Dolorem Ipsum, dolor sit amet... everything is in the chart.

KenzoYagai

Publishing in retrospective about a week old analysis on minor movement and months-long on the major...

KenzoYagai

Slightly updated view. According to the technical analysis is above I expect now to confirm 0.382 Fib level around 40k before testing out the upper side of the triangle formation, eventually breaking the pattern to see a small pull-back around 60k, and then heading up towards 100k and 150k-300k (248k) target area by the end of the year.

KenzoYagai

According to the technical analysis is above, I expect one last dump to around 40k, a small pull-back around 60k, and then heading up towards 100k and 150k-300k target area with the most probable single PT around 250k by the end of the year.

KenzoYagai

As shown on the simple analysis above, we can expect to see numbers close 300k USD per BTC by the end of the year (2021)

KenzoYagai

A further drop to the demand zone below 30k is possible as MA200 is pressing on the price from the above and then passing both the horizontal and diagonal resistance and heading up towards the supply zone by the end of the summer can be expected.

KenzoYagai

We're currently near the bottom. Shouldn't sink much lower. Great buying opportunity. Below the last support, bear market - highly UNLIKELY.

KenzoYagai

This is extremely risky prediction as the pump is just happing, but this is how do I view the situation just now. Testing upper border of the consolidation channel and the trend-line between 12k and 12.3k is well possible and then, next profit taking at 14k is expected.

KenzoYagai

With unprecedented steps of QE, as issues by FED and the current U.S. administrative, it's obvious and expected that the consequences won't wait for long. Given the current situation in the world, I expect we'll witness rapid downfall at least till the summer 2021 which might sink by as much as 30%. On the background of upcoming Bitcoin and other cryptocurrencies...

KenzoYagai

We're currently within a huge consolidation channel, currently about to be marked by the two trend-lines.

KenzoYagai

According to trend analysis and Elliot wave theory, it would be expected to fill the demand zone in order to test trendline at 12k. Then, with covid cases rising again, SP500 being on the verge of new sell-off and Dollar Index ready to sink markedly, it will be most interesting to see whether the trend-line will be crossed right away or we'll witness a pull-back...

KenzoYagai

Just coming into the apex of the triangle...

KenzoYagai

A short-term (1H TF) trading set-up for an account size 10k and risk 8% (potential profit 1/3 account size within few days - and yet quite low risk given the accuracy of past TAs).

KenzoYagai

With the summer ending and covid19 cases reaching new highs again, we might see an another huge sell-off soon.

KenzoYagai

Publishing an old analysis I've just found from 2W ago :)

KenzoYagai

14k or 20k by the end of the year?

KenzoYagai

Progressive scenario

KenzoYagai

It's kinda mess of late, but this makes a sense from technical point of view the most.