Here's the Elliot waves for BTC. We're done with 5 Waves and now having ABC Correction.
If we lose the $9800 support, we're dropping to $9200 zones which can act as a strong support. The Last zone i'm looking at is $8300 areas, If we reach there this might be the end of ABC Correction.
I'll be bullish again if we goto $11k areas again and daily candle...
The least BTC can go is $10300 areas, That's the last trendline i have.
But there's a way we can confirm if BTC has hit the lower Trendline. And that is the Falling Wedge pattern forming on BTC.
We can clearly see a nice Falling Wedge patter on 1H Chart, This means sellers are getting weaker which is a good sign for reversal. Whenever be breakout of this Falling...
#BTC #Bitcoin Fractals
Looking at the Past, Looks like BTC will be moving sideways in these ranges now. As you can See everytime after hitting the Trendline resistance which has formed since Start of April 2019, Bitcoin Dumps badly! After each dump BTC moves sideways for approximately 3 weeks just to Pump huge after the sideway movements.
The First Dip lasted for...
Here's my current view on #BTC.
It is currently ranging inside a Descending Triangle, Which is bearish but the fact that it has formed at resistance of the Channel makes it Bullish Because consolidating near resistance is Mostly Bullish.
Thats it for now, If anything changes i'll be updating here.
So i had given the call for BTC to $12000
Now again we're going for $12k zone and might even break it this time. $12k zone is really important and will decide the direction of BTC... Either $14k or again $10k
Here's a simple chart that shows #Bitcoin's path to $16,000. I see #BTC in a Bullish Triangle, Seems like #BTC will be moving sideways for a bit before breaking out of the Triangle and Pumping towards $16,000.
Apart from this Triangle, there are many other signs which tell me #BTC will reach $16,000 and after Reaching $16,000 #Bitcoin will make a...
Bitcoin is currently forming a pattern which is known as the Compound Fulcrum. The pattern is rare but very Bullish pattern, It has seen great improvement in Price in months of September before and this month it has been forming Higher lows, Which indicates it is Gaining Momentum.
If you look in the Chart, It consists of an inverse head and...
Bitcoin is currently forming a pattern which is known as the Compound Fulcrum. The pattern is rare but very Bullish pattern, Bitcoin has seen great improvement in Price in months of September before and this month Bitcoin has seen some improvements like forming Higher lows, Which indicates bitcoin is Gaining Momentum.
If you look in the Chart, It consists of an...