ayusdipu

ayusdipu

Most people I know chooses to short bitcoin right now because it shows weakness. Most of my post are about elliot wave. And off course I know technically it seems that the A wave is not even complete and we should go to the 40k level. But on the other side, an Elliot wave also has a time component and often composed of smaller ABC form. The first big red candle...

ayusdipu

The more I dig into the chart, the more I think that this is what will come in the coming next month. I know it is a bullish chart. A lot of Elliot Wave chartist feel that after the 51.5k there will come the big ABC correction to partner with the May 19th correction. But, the way I see it, the move to the upside will be a prolonged one that will take even longer...

ayusdipu

Let us see the smaller timeframe of elliot wave. If we can maintain this correction with a significant higher low. We will be able to blast to 50-51k by tonight and probably take another correction before we might have another weekend rally.

ayusdipu

Ever since bitcoin break the 50.5k, it has been making me reconsider that we might still be in wave 3 ever since we bounce from the 29k level. I was thinking that we are at wave 5 previously because the bearish divergence on the RSI, but it seems that the RSI has also shown higher low to counter the lower high, which might cause the bearish divergence to not get...

ayusdipu

I am expecting a market correction for bitcoin soon which actually in tact with bitcoin dominance. Right now bitcoin dominance is about to have a golden cross in the 1 hour time frame and entering a gaussian channel in the 4 hour time frame from it’s golden pocket. So I am expecting the drop of bitcoin will bring down most of the altcoins with it. Bitcoin...

ayusdipu

In term of Elliot wave count, I think we are already finished with the wave at 49,800. And now we should be entering the correction area. And since this will most likely be a major correction, I would be expecting 42k by Friday. Right now as we can see, bitcoin price seems to be making a head and shoulder pattern as well. If we break 48,600 we should be seeing a...

ayusdipu

Using Elliot wave, it seems that bitcoin will still have more momentum to climb up to 51k during this weekend. Very bullish for bitcoin indeed. Big Correction will definitely come sometimes next week.

ayusdipu

For the time being I think that the 5 wave up in the 1H time frame is finished. We will probably get another abc correction retesting the 200 MA on the daily and take it as a support to get another leg up to challenge the 48k level. Hopefully the weekend retail bullishness will gave power to break the 48k otherwise the whole thing will just turn into a bigger ABC...

ayusdipu

It seems that we are still in the C wave of the correction. But it is about to finished anytime soon. As of yesterday updates, I said that it will probably finished by today. Once we finished the C wave with a bottom around 43,800 to 44,300 we will probably bounce for another 5 wave leg up with 50,000 to 52,000 as the target. Hopefully we can still protect the...

ayusdipu

Well seems like my last elliot wave idea is working. Now that we have more data, I update the wave. Seems that we are at the third corrective wave (C wave). And we are at the second phase of that. Now I am expecting bitcoin to goes up to the range of 45.7k to 46.4k (good area to short) and suffer another drop. This last drop will be very critical because if in...

ayusdipu

Using Elliot wave count, We are probably put the top of wave 5 at 48.2k ever since we pump from 29k level. Now we are in a small ABC correction. I think this will be a flat correction with 3-3-3 or 3-3-5 formations. Considering the pattern, we seems to be in a broadening wedge. We will pump up and down at 45k to 48k level since we are in a flat ABC correction. The...

ayusdipu

$CAKE is already overbought and will probably experience a retest to the previous resistance turned into support before finaly flying to the previous all time high. I am expecting BTC to retest the 40k level soon and this will probably be the golden time to buy cake and ride the massive breakout to the $40 level for $CAKE

ayusdipu

I think KCS was in an accumulation period ever since it released the Kucoin Chain. It is a very great exchange one of the best fundamentally, available in the US and similar to Binance. It is way undervalued and it will explode in several days, be ready fellows. It is already above MA20 on the weekly and on the MA20 on the daily. MACD and RSI seems perfect as...

ayusdipu

Bitcoin is inside a big rising wedge in the bigger time frame (4H) and inside a falling wedge at the smaller time frame (15 minutes). If bitcoin break 47k resistance at the coming uprise, it will break the falling wedge and go for a 48.6k target. Meanwhile if it fails, it will have to consolidate in the lower part of the rising wedge channel