This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
Returned to the original version with a triangle, but with a possible reassembly.
1) Going down, everything is clear: the wave (iv)-red is completed (alternatively, it is already completed - orange) and plunges farther down.
There is a nuance: 5 wave can be like a simple quick impulse (relevant news background may appeare), as well as a long saw in the...
The local decline is almost completed, further the correction in the wave 2-black could follow.
While there are great chances for a bottom test below 6000, however, it seems as the end of the 5-wave (i) - (v) in the wave c (circle)-red in the triple a-b-c (circle) - red, which is part of the wave 1-black in the possible final diagonal triangle-black.
Price showed another upward impulse, giving correction tonight.
There are 3 options on the agenda: 2 for bulls and 1 for bears.
1) (light-blue), the price formed the i-blue wave, and now the iii-blue wave is starting to form: current purchases below 7400 will stand and go further;
2) (blue), the price forms the input wave i-blue in the form of a wedge with an...
Waiting no reach the expected sales level, and after the beginning of the local correction in the wave ii-blue, decided to quickly pick up the longs.
At the moment, the wave structure indicates growth, but this does not exclude the possibility of an unexpected price reduction.
Since yesterday, little has changed. The price slowly decreases in the local wave (B)-blue, in which the triple with the finale diagonal triangle in the wave (c)-red.
As well as yesterday I expect a pitch in the wave (C)-blue, and following decline in the wave C-red may continue.
The price is slowly pulled into the basement, hinting at a possible "long" homocide.
There is nothing much to say now. Looking at future events, can't find nothing super hype: boring.
Black option target (assuming earlier completion of the triangle in (B)-black) is the area of 2500-1500.
While blue option target starts from 9000.
Yesterday, the price marked the local bottom faster than it was expected. The correction from 10,000 looks complete.
Perhaps buying a little is worth it.
Also, a critical scenario was added:
early ending of the triangle in the wave (B)-black and the plunge in the wave (C)-black, which is marked at the bottom of the graph, and possibly will take a form of (I) -...
The price catches its breath in the wave IV-red ((c)-red wave).
After another round of decline, the market may recover:
pessimistically to 9000 area,
while optimistically - above 13,000 in midterm.
Locally, you can try selling with a stop loss above 8000; on condition of working out the orange zone before another micro growth.
Due to the yesterday’s sharp plunge the short play was not possible.
The local bottom has been updated; moreover while the price falling out of the range, and the model by its’ decline nature reminds the wave "c", looking for sales is not as interesting as it was yesterday: stop losses are too high.
Recently I’ve studied the logic of the last 3 months, as well...
The primary growth impulse is a big question right now.
The hypothetical model is pointed on the graph.
You can but only after working out the yellow zone around 9000.
Today, the optimal solution would be to sale from the specified range, because the parameters of risk and profit and the shift of volumes indicate.
There are still options where the decline continues within the the correction model framework (or another).
However, this doesn't mean that it's not worth buying. The risk in the market is always present. The question is the correctness of personal money-management.
You can try to buy with short stop-loss at the top of the 1-blue wave.
In case the stop loss works...
BCN has all chances to grow very well, but there is a fear that the model could consist of triples, which will result in a price dump in 2108.
The main level of the stop of the cycle of strong growth is 0.0028. If the price breaks, then by the end of next year there will be a flat in the declining range of 0.0024-0.0015, after which a new price can reach 0.012.
Bitcoin yesterday rolled greedy buyers.
We assume that wave 4 (blue) is over, and wave 2 (black) is also coming to an end. Another possible decrease to 9660.
Now a good place to buy. You can start typing bitcoin in your briefcase, or keep holding it. Stop at 9490.
If the price breaks through 9490, bitcoin is waiting for another drop.
Probably, wave 4 (black) has not yet ended and bitcoin descends lower.
Everything will be decided in the next few hours.
1) "Purchase # 1" - the price should touch / pierce the 9750 without leaving the boundaries of the specified model (black). After the formed model, you can make a purchase if the price returns to the price level of 9606 with Stop Loss...
To work productively, every person needs a weekend.
These 2 days showed who was right in their reasoning. The "stupid" bulls arranged a good rodeo for the bears. Moose are received, memoirs on shorts are burnt. There would be money in management - such things would not be dealt with.
Now about the state of affairs.
The price forms a wave 3 (black) consisting of 3...
Bitcoin went to a full correction. We think that an intermediate wave 1 (blue) was formed, and now wave 2 (blue) is developing. We will try to understand where the price will stop.
According to the plan there is the nearest point that deserves close attention: the level of 7700. We are waiting for the price to form a new impulse towards growth from the specified...