Bitcoin Elliott's wave and Gartley theory possiblities.
The idea here is about Bitcoin.
Mentioned below are the points to be considered for ( BTC /USD).
Points as per TA on a Weekly Chart:
Mentioned are the points to be considered for ( BTC /USD).
Points as per TA on a Weekly Chart:
1. Gartley pattern XA & AB completed currently BC leg is in motion, price to go up to 59-61K by April 2022. Then CD retracement should commence and price will test 35-38K.
2.If price breaks above 59-61 and bulls are in control we can see Elliott’s wave 2-3 leg and the price target would be 91K and then a retracement to 68-69K as per wave 3-4 on Elliott’s wave principle.
3. RSI sitting at 47 which is a very good time to enter long.
4. MACD line crossing the signal line which again is a good time to enter long.
5.The last 3 candles on weekly are a morning star as per Candlestick patterns.
6. Ichimoku Cloud tested Senkou B, 3 weeks back and now price is above the green cloud. This is a buy signal.
7. Hull Moving Average on week is a buy signal.
Disclaimer: The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment.
If you like my TA and ideas and want to keep yourself updated with current market action, please follow my profile for more analysis.
Mentioned below are the points to be considered for ( BTC /USD).
Points as per TA on a Weekly Chart:
Mentioned are the points to be considered for ( BTC /USD).
Points as per TA on a Weekly Chart:
1. Gartley pattern XA & AB completed currently BC leg is in motion, price to go up to 59-61K by April 2022. Then CD retracement should commence and price will test 35-38K.
2.If price breaks above 59-61 and bulls are in control we can see Elliott’s wave 2-3 leg and the price target would be 91K and then a retracement to 68-69K as per wave 3-4 on Elliott’s wave principle.
3. RSI sitting at 47 which is a very good time to enter long.
4. MACD line crossing the signal line which again is a good time to enter long.
5.The last 3 candles on weekly are a morning star as per Candlestick patterns.
6. Ichimoku Cloud tested Senkou B, 3 weeks back and now price is above the green cloud. This is a buy signal.
7. Hull Moving Average on week is a buy signal.
Disclaimer: The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment.
If you like my TA and ideas and want to keep yourself updated with current market action, please follow my profile for more analysis.
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Patterns invalid