HALVING H3 PRICE CONDITIONS It all seems clear The price chart with the truncation of Ellliott's 5th wave on the main stream in the Ichimoku cloud speak clearly. There will be a drop in price and we will have a horizontal shift around USD 6.6k/6.3K.
The price proceeds on the basic level of the trend channel and it seems that in this correction it is the bears who win on the bulls. Regarding Elliott wave this could mean a truncation of the 5th wave. That in fact would be in line with the still unbeaten USD 7.3k resistance and current global market difficulties. Even in the last Bull Flag the exit pole was more...
SHORT: WAVE TRUNCATION IN 5° WAVE There is a possibility that the 5th wave of the main cycle is invalidated. In fact, if this were the case, the truncation would trigger the Bear race and I think with a sudden fall. The price runs on the bottom line of the main trend and this latest bull trap and correction is not convincing. Manipulated market and whales ready...
This is the question... The market is indecisional. This is the question... The market is indecisional. I think that the big resistance at 7,361 is it stronger to will broken in this time. I observe (1-5) Elliott Waves and i can see with regular ABC. Now we are into downtrend channel but many people thinking about a bull rull before Halving. For me it...
SHORT - 9617 USDt Triangle correction Wave (ascending Top Flat, bottom rising) 5° Waves. TP: 6917 USD.
Beware of false enthusiasm, for me the movement is very close to a bull trap with correction.
It seems that the model is still effective. See previous analyzes. Today, in the presence of this "BULL TRAP", in the 1D Frameset, I just detected a Wave Troncation. To the left my Mater trend with elliott and fibo. To the right 15min. The (B-C) Wave of master trend. This is my MASTER TREND BINANCE:BTCUSDT
TIME TO SHORT - ICHIMOKU CLOUD - 1D I would like to point out and invite you to read the following article which will be of support to you for future analyzes. Thank you. Network hashrate and difficulty have been just as volatile as price over the past few months. The third block reward halving is less than 30 days away, which has the possibility of decreasing...
I trace the trends movements with Elliott Waves. I think that this is not a trend reversal but it is a Corrective waves (Into a complex Bear Pennant). The pole flag it is rappresented from the last intensive moviment of the recent downtrend. I think that the price will go down around 6,2-6,7k USD. This analysis is a continuation of the previous ones
For me, the possible movements of the trend with the application of Elliott's rules are those of the graph. Bitcoins have not broken the resistance at 7,400k USD, by interpolating Elliot's main wave of impulse (Step 5). So now the price follows the waves (ABC) and now it's on (A). The Elliott wave indicates a possible path and price levels, which corresponds...
I tracked the whole movement. Please read the linked post where all the analyzes are. If I have not made a mistake for me it drops to 6.9k USD.
SHORT with ELLIOT WAVE 4H for 6.700k USTD. I'm not expert on Elliott Wave rules, this is my training days, but for me this example and forecast is good.
Tracking of the pull back with ELLIOTT WAVES The next possibile level of price that i have found with the analisys fibo's and varius resistances probably are into this price levels. This trade it's the continuation of precedent. Afther these last waves, i think that probably the trend will go into reversal phase. We will look the situation at the moment..
I don't think I have to abandon my trade after yesterday's downturn to 5.8k, I haven't seen the price drop until the historical falls that the pessimists were looking for. Indeed we can say that the support at 5.8k USD worked very well. Today there are two very marked divergences, which gives me hope given the trend and other data that we can try again to break...
After this first test, although I see that many traders are praising the downside, I believe that another attempt to the upside can be seen shortly. Of course there are two historical resistances, and the price is an average of btc between 6.2 and 6.9 is the historical average, however I believe that another breakthrough can be attempted. In fact, today it has...
I wonder why we should frustrate the work done so far. Bitcoin is in positive trend and under very important resistance. Positions are liquidated are good for exchanges and whales. And while I hear many of us fearfully thinking about a new collapse. The indicator of complacency and distribution, followed by the inverse divergences, is clear. They are slowly buying...