shayanmasbughi

shayanmasbughi

Nice position to open a short with minimum 5% profit.

shayanmasbughi

after strugling in 0.1 % 0.15 zone the price is trying to move up. this leading diagonal could be start of 5 wave impluse.

shayanmasbughi

Expanded flat is a Elliot wave correction that happens when market bears and bulls are indecisive with their choices that wave B corrects 132.8% of wave A that is clearly what has happened here. and wave c can correct 100% to 161.8% of Wave B .

shayanmasbughi

AS YOU CAN SEE WE HAVE FORMED A CLEAR DOUBLE TOP PATTERN IN AN IMPORTANT RESISTANCE ZONE . SO WE CAN EXPECT THAT PRICE WILL DROP A BIT AS SHOWN.

shayanmasbughi

We can see 33300 Tonight if the c of C wave gets completed as we expect and lower targets for longer time period.

shayanmasbughi

100 MA is crossing 200 SMMA after 1 in Daily time-frame can be a signal of starting a bearish market.

shayanmasbughi

after completing the 5th wave of the triangle we can expect BTC to drop to 20k zone.

shayanmasbughi

If MACD line can break the signal line and pass successfully by the end of the day we can expect BTC to be bullish again in short term .

shayanmasbughi

if we complete the Head and Shoulder pattern the BTC could come down to 34k. but if we could maintain at above 20 SMA we can hit 42k then maintain a bit there and begin to rise again. We also have a 0.5 fibonacci resistance in 36300. and a chikou span B resistance at 37800. the first scenario is more likely to happen.

shayanmasbughi Updated 

we are seeing a 5 wave in a C correction wave. then we expect to see an impulse wave to take bitcoin to higher records. just don't buy yet wait for the 43k and then buy and hodl.

shayanmasbughi

if we manage to stay 50 k the next tp is 46k and 42k and then we will start the bullish rally again.

shayanmasbughi

Just look at chart

shayanmasbughi

correction has always happened. don't be worry. hodl hodl hodl.

shayanmasbughi

after completing the pullback we expect the bull trend will continue and hit the target . the red scenario is unlikely to happen.

shayanmasbughi

The trend is bullish and with the 15th token burn price is expected to rise in the coming days.

shayanmasbughi

Bullish