Bitcoin – pump soon, be patient!
Updated
Hello, everyone!
I told you in the previous analysis that you should not panic if you see this dump to $54000 – $57000. Moreover, I spotted the target price and time for corrective Wave 4 end. See the articles in the links below to make it clear.
If you look at the chart, now the price is inside the target zone. The global Wave 4 is introduced as the incorrect A-B-C correction. Wave A consists of 3 waves (a-b-c), Wave B – the same. Wave C has the 5 Wave structure (1-2-3-4-5). Now the Wave 5 is forming, we can see it because Wave 3 ended with the maximum value at Awesome Oscillator. The price will probably find the bottom at $54000 and after that we will see the global Wave 5 with the final target at least at $75000. Just wait and be patient!
This bullish scenario will be invalidated if the price fall below the $53000 (global Wave 1 top).
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
I told you in the previous analysis that you should not panic if you see this dump to $54000 – $57000. Moreover, I spotted the target price and time for corrective Wave 4 end. See the articles in the links below to make it clear.
If you look at the chart, now the price is inside the target zone. The global Wave 4 is introduced as the incorrect A-B-C correction. Wave A consists of 3 waves (a-b-c), Wave B – the same. Wave C has the 5 Wave structure (1-2-3-4-5). Now the Wave 5 is forming, we can see it because Wave 3 ended with the maximum value at Awesome Oscillator. The price will probably find the bottom at $54000 and after that we will see the global Wave 5 with the final target at least at $75000. Just wait and be patient!
This bullish scenario will be invalidated if the price fall below the $53000 (global Wave 1 top).
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Trade active
Hello, everyone!Here I told you that the BTC pump is anticipated soon, I bought Bitcoin at the average price $57000.
We can see that the Wave C of the global Wave 4 is almost finished. I made a mistake with Wave 5 of this Wave C defining, it was extended, that’s why we see the current price dump. Everything is OK, while the daily candle is not closed below $53000 – the global Wave 1 top.
If we look at the chart, the price now is inside the Wave 4 target zone (price and time range), the last bar was Squat bar on the Market Facilitation Index and the divergence with the Awesome Oscillator was also observed. We have 3 factors that the correction is over, but this is the real market and everything is possible!
Trade active
Bitcoin – decisive move very soon!Hello, everyone!
Bitcoin makes us nervous last week. I told you here that now the price is forming the Wave 5 of Wave C of Global Wave 4. In the current analysis I want to see the subwaves of waves from this Wave C.
You can see on the chart the A-B-C structure of each of five waves. If we take a look at the impulse waves 1 and 3, the subwaves A and C always form the divergence with the Awesome Oscillator. To answer the question, when the Wave 5 will end, we should see the divergence again. I suppose that we can see another one small drop to the $53000 to form the subwave C of Wave 5 before the new upside waves will come. It is vital for Bitcoin, we should not see this drop below $53000, because it means the analysis invalidation.
Trade active
Hello, everyone!Last time I told you that the subwave 5 of wave C of the global wave 4 is going to the end and the new price growth is anticipated in the global wave 5. After that we saw the impulse growth to the upside which was the local wave 1. Now we see the corrective wave 2. The target zone for this wave is 0.38 – 0.61 Fibonacci ($55600 – 57000). We can even see the price on the red line $54500 (0.78 Fib). It will be ok.
If we consider this Elliott waves structure, the wave 3 is anticipated very soon. It is nice short term trade opportunity. I have already bought Bitcoin, if we will see decrease to the $55000, I will go all in with the very short stop-loss.
Trade closed: stop reached
5 - wave Elliott structure was broken, stop-losses was reached. New analysis soon.
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