OK. Let's see it. Last year I analyzed that the BTC could be adjusted to $ 6000. And that's right.
I didn't mentioned Hyman Minsky Model in English. But in that korean post, i mentioned that BTC could follow the shape of the Hyman Minsky model of the book through similarity with the past chart.
The current BTC flows follow the trend of past charts since 2013....
I analyzed wave to Elliott Wave since 2009. Right now, maybe you think it is the start of correction wave.
More deeply, i think it is the end of big Elliott 5 wave. Maybe this is the start of Big Wave A-B-C. Because that wave is formed like a wedge.
But, this is just a possibility. So i checked the Support Levels and i will look what it will gonna be.
As I expected before, BTC did technical rally at $7900. But it doesn’t overcome resistance level and hit a low point renewal. That means BTC has bearish trend seriously.
We need to notice that buying trend doesn’t enough to overcome resistance anymore. Before $19900, bitcoin preserves bullish trend by supporting previous higher point. But nowadays it becomes the...
1. 390~430 Resistent Level is so powerful. But low point is still higher than before.
2. So this is entry point. Target is 390~420 at least. And if price is over than that, btg will go to the moon.
3. But if the price will fall down from the red line, you need to wait support level. New long trader will enter that point.
1. My point is this is inflection point. If Bearish trend line is broken, it can make bullish trend.
2. Target Price is 10800 satoshi. It is based on AB=CD pattern.
3. Check the Resistent Level. This market is unstable yet.
Happy New year Everybody !
1. In 1 Day chart, Price breaks Downtrend line, and make new bullish trend.
2. But nowaday, it retraced almost 99.9%, because of the bitcoin.
3. In that moments, BTG is synchronized to BCH Chart, BTG chart is similar to BCH chart. Both of them have some possibility to make new uptrend.
4. Maybe you need to watch BTCUSD chart too. Because it is not synchronized...
1. We can notice Double Top Pattern in 1 Hour Chart.
2. We can also notice Divergence Signal to RSI, MACD, ADX in 1 hour chart, and even 1 Day chart.
3. Support Level of Double Top Pattern is from 15120 to 15400. We don't know whether it is just correction wave or bearish wave. You need to be careful. Because we can't judge bitcoin trend yet.
In the 1 Day criteria, we can look completion evening star candle pattern yesterday.
But today, we can see it can be broken with big white candle. It broke My Acceleration Trend #1 and try to brake Main Bearish Trend. Some guys tell that this bullish trend came from Amazon Bitcoin Issue. But it isn't verified yet.
Anyway, in the 4 hour chart, we can see hook...