mediplex

mediplex Updated 

The current analysis is based on the current price action. Shallow Wave 2 Retracement (38% Fib in this case): In Elliott Wave Theory, wave 2 is typically a corrective wave that follows wave 1 (the initial upward or downward move). A shallow retracement in wave 2 suggests that the price does not retrace much of the initial wave 1 move, indicating a strong...

mediplex

GBTC is facing a possible distribution that can affect the INDEX:BTCUSD price. Institution are generally the first mover in the market as it takes more time to load or unload their bags. Back when the bitcoin reached SWB:69K + GBTC failed short and started diverging with the Bitcoin price. In the other hand, earlier this year (Jan 9th, 2023), GBTC was first to...

mediplex Updated 

Bitcoin is getting caught in an ending diagonal after 5 waves up. Any break of the lower trendline is a sell signal. We had the same scenario during April/May earlier this year but in a bigger scale. We should expect a correction down to $37k

mediplex Updated 

The INDEX:BTCUSD/INDEX:ETHUSD chart shows a Clair trend weakening forming a a falling wedge with bullish divergences and a drop in the volume since January 2021. They are two possible scenarios based the historical data signaling a huge change in the market structure: 1. BTC is going to explode and lead the crypto market to new highs. 2. BTC is going to plunge...

mediplex Updated 

Congratulation if you made it safe We just completed the corrective wave ABC Now it's time for an impulsive wave down (12345)

mediplex Updated 

Here we are again with the same chart I posted before with a little bit of adjustment and precise Elliott Wave count with measurements. Note the drop of volume during this whole rally