Limitless-Investor

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It's possible this is just a retracement and we may see a bounce not a reversal from the original count

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Since DXY forecast is down. We still see in this timeframe bullish divergence still possible.

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Wave 5 where bearish divergence will likely take place overbought area

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Possible we retrace first even if we broke out already trend line resistance. Retracement till wave 4 which is where most corrections end and on Elliott perspective. Lower is possible but that's the most probable. Then we proceed up.

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BTCUSD seems we're going to a bullish state breaking from trend line resistance confluence with golden cross 50 200ma.

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BTC hovering above trend line support confluence with golden ratio 61.8 seems likely a bullish sentiment

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Wave B just finished at 78.6 fib where wave A is a 5 count thus a zigzag

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Retrace at 61.8 golden ratio

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BTC's dominance and BTC confluence with each other. I am expecting BTC dominance to retrace based on EW theory that 5th wave is pricing in which we are in resistance area. Then after the retrace-pullback BTC's dominance will go up and BTC has priced in wave 2 FILLING THE GAP thus should go into a bull run. From there experimental phase where we will see if BTC...

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COVID19-Confirmed case in China. Problem of China now is risk of importation of Virus. They contained the virus already. They are a communist country so it's very easy for them to contain the virus as everyone will follow and they have the resources. Up until this writing there is no vaccine. The only way is to contain and stop the spread of the virus NOTE: This...

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Chart speaks for itself.

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As long as we don't break above this $6,800 resistance another leg down expected to fill the gap and hit bottom.

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As long as we don't break above $6,800 level I see one last leg down filling the $3k gap at CME.

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Position trade with bull div present will wait for the RSI to point up.

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Breaking the China pump resistance or $10,600 is the ultimate confirmation that BTC is on a bull run. A lot of confluence support here with Fibonacci. If asking me the direction of the market...given that the gap has been filled at CME. Likely on our way up..but not expecting a big impulsive move rather a slow and somewhat sideway move going up.

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I am still inline with this analysis considering the fact that a recession is anticipated with 10y Yield hits historic low and is still in fact curved which is and the only indication that a recession is coming. While fundamentals are often delayed. This is inline with golden cross of 50 and 200ma of BTC which can also be expected to result to a pullback after...

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If we break below $6,500ish level this would confirm a death cross and fake out for BTC that would result to massive cut loss and small take profit level where sentiment will turn into bearish and short orders will be opened borrowing from fewer long positions. I am withdrawing a WXYXZ count of subwave A zigzag. Basing on Elliott Wave rules, it's not possible to...

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Clear head and shoulder pattern at daily time frame. Considering that there is a bearish divergence from the highs resisting China pump area.. at the same time it hasn't fully hit oversold area with a clear bullish divergence. There is more reason to be bearish and careful sticking to USDT than bullish for now.