Considering the current conditions of the chart, we see that the price has approached the downward trend line, and in this area and in the 2-hour time frame, we are witnessing a negative hidden divergence.
Also, in a number of waves, Elliott waves have completed their three-step corrective wave
At this moment, the price has reached the middle line of Andooz...
In the upward trend, which, according to previous expectations and analysis,
I think it has reached its 4th wave,
and we expect that the price of Fibonacci will drop by 38% to 50%,
and then the price will rise to close to $ 10,000.
Of course, if the price hits the middle line of the Andrew fork before the 38% Fibonacci price hits,
this analysis will lose its...
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As you can see from the chart, when the price moved upwards from $ 8888, it happened with a lot of power in a short period of time, which caused the failure of the sub-trend line as well as the initial pivot.
This was the first sign of a change in the price phase
Vendors have then struggled to keep prices close to 61 percent in the near future.
In the previous analysis, which was based on fractals and Elliott waves, we made a mistake in a number of waves related to the present.
This corrective analysis is based on the previous analysis.
A number of Elliott waves provide us with improved correction and a better view of the price trend
In the chart, two fractal patterns are identified
One for the daily time frame and the other for 4 hours
By observing and examining these two patterns, we see many similarities
If our diagnosis is correct, we can get the time around the price range of 9700 to 10200 by drawing time cycles and wait for a powerful ascent.
This analysis is very similar to the previous...
After the failure of its long-term downward trend and reaching the supply area, as well as the completion of the 5-wave Elliott, Staller wants to touch its downward trend near the top line.
We expect Fibonacci to go down to 61% and then go up well with Bitcoin to 0.14.
Examining the current price fractal, comparing it with the patterns of existing fractals in previous bitcoin periods, we see strange coordination between the fractal movement in the price range of 7000 to 9100 related to the upward trend from 3500 in 2018 with the recent fractal pattern.
The process drawn with blue lines is our analysis of the behavioral...
As it is clear from the chart, wave 1 has acted as 5, and then wave 2 has returned from 61% of Fibonacci as well as the main resistance of the bitcoin downtrend line.
In addition, the upward channel related to the correction wave has been broken by the 3 wave with power
And with a gentle movement, the price is tangent to the bottom line of this channel again
In a previous analysis, we believed that the price of 9884 was the same as the endpoint of the E-wave 5 of the Diagonal wave, but the correction in 3 waves, which did up to 62% Fibonacci, led to the conclusion that the Diagonal wave had not yet been completed and we were a wave. 5 Cs belonging to the E wave have started from the price of 9630 and we expect the...
Bitcoin Cash was trapped in a price range between Fibo 23 and 38
And with the completion of the corrective wave on a flat surface as well as touching the 38% Fibonacci
We expect it to experience a 50 to 61 percent correction and then continue its upward trend