Hi guys, today I apply using Elliot in analysis for Bitcoin and it may give you a big general about big frame of our picture in market right now !
Clearly we have just ended Wave B in Correction Wave now we begin with Wave C. As Fibonacci Retracement I think we may correction up 0.382 ( 47xx $ ) as same with Fibonacci 1.0 Extension of Wave A in Correction Wave.
May we going up to 51xx $ ? Yes we can but less possible because RSI is nearly with over buy zone, also we have very big resistance in 47xx and you can look at some candle, I think we do not have enough momentum for going up to 51xx as we dreaming.
When the Impulse Wave C ended over in 47xx so we continuing with Decrease Wave ; target 30xx $ (as Fibo 0.618) or 19xx $ (as Fibo 1.0) .
From general if we fall down from 64xx to 19xx so the decrease is approximately 69%.
Good luck all you guys !
Clearly we have just ended Wave B in Correction Wave now we begin with Wave C. As Fibonacci Retracement I think we may correction up 0.382 ( 47xx $ ) as same with Fibonacci 1.0 Extension of Wave A in Correction Wave.
May we going up to 51xx $ ? Yes we can but less possible because RSI is nearly with over buy zone, also we have very big resistance in 47xx and you can look at some candle, I think we do not have enough momentum for going up to 51xx as we dreaming.
When the Impulse Wave C ended over in 47xx so we continuing with Decrease Wave ; target 30xx $ (as Fibo 0.618) or 19xx $ (as Fibo 1.0) .
From general if we fall down from 64xx to 19xx so the decrease is approximately 69%.
Good luck all you guys !
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All you guys can refer my last LEGENDARY ANALYSIS for Bitcoin from September and now we are going to 28xx$ as exactly the chart said:
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Guys we have update about Bitcoin in here:This is the chart for 30 minutes update in short - middle term
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BITCOIN - HEAD AND SHOULDERS PATTERN 
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UPDATE NEW
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Guys we fall down without any bounce back. Sad for this market. Nearly with lower target zone 1 !Note
BITCOIN - Retest Success - Fall down 
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Bitcoin - Overview in middle term - Bottom zone 
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BITCOIN - WHY IT IS HARD FOR BREAK UP 3600 - 3900$ ??? 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.