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BTC retrace to 40k!Sice 41.2k low "A" we retraced to the 0.382 - 0.5 level, making a corrective wave B (a common retrace for wave B) and an sfp of the 07 dec high smaller "a" with some trapped traders at the top, that made an abc for bigger wave B, if this count is correct we should have 5 down for C that would finish the corrective wave 2, a possible retrace would be the 0.382 to 0.5 of A for wave C (short but possible) taping the last untouched daily at 40711.0. And we are at the 2 of the fib time from wave A, that could indicate that B is finished. All this fits my bullish bias that this is only a corrective wave 2 and we should see a new all time high after that. B can go higher and this count could still be valid but if we go lower than 39500 this count is invalidated.
BYBIT:BTCUSD.PShort
by OthmaneAo
1
BTC My Humble Future Price Prediction In this idea i want to present how i personally see the price of BTC to behave especially after the abc retracement and alt season. Price will of course behave much differently than of what is shown on the chart, also from the time perspective. The main purpose of this is to show that this bear market can last much longer and get MUCH deeper. Usually btc is expected to eventually correct down into the 13-15k, which would be the normal 85% correction from its ATH, but..... i know you gonna hate what i am about to say ... Right now it is absurd to think btc can see 2.5k at one point in time, but let me tell you this... btc has never experienced REAL stock bear market. Usually during the btc bear markets, the stock market went sideways more or less, then up again as btc went on the bull run. Dow is expected to collapse below 2008 financial crisis (explained in previous ideas abot DJI) like it did in 1929 where it went below 1921 bottom (now days 2008). Till then it is yet to be seen what will happen to crypto if all this is to play out in the future. I would personally see this as the best investment opportunity of our lifetime. Stay safe. I am not a financial advisor so non of this should be taken as a financial advise. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by AVA37
2
BTC My Personal View Of The Price Action For Next Few MonthsI expect BTC to eventually fall through this orange rectangle price area, like it did right after setting the ATH at 69k. Retail investors still have a lot of hope that BTC price will somehow recover from here and that is not usually the sign that we've bottomed yet. After capitulation i expect the price to first reach 0.618 fib. retr. lvl., then have a bit of correction, only to recover to right about 0.702 fib. retr. Obviously price will almost certainly behave differently than what i have shown on the charts. It is just how i visualise it at the moment. Below in the update a will show how such ABC retracement happened after BTC reached its ath 2013/14 and 2017/2018. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:BTCUSDT
by AVA37
21/11/24 - Gold targeting at least 50% correction Hi trader, please see my current idea on Gold. I think we are done with our bearish impulse, due to our 5 wave structure and this big divergence on the RSI. A 50-61.8% Fib retrace is the conclusion and our profit areas. DXY should be weaker now. This is because of FED's released its minutes. What I have read in the paper is, that the FED is generally going to increase rates sooner depending on the inflationary environment. This news is nothing new for investors, since the increasing of rates is the only possible way to hold inflation under control. However, I think this news is already priced in the Dollar Index. Have a great evening, RT
OANDA:XAUUSDLong
by RT_Trading_
9
0811 End of Wave C UJ could down to test 112.8-113.00Hello traders, USDJPY could have wave C down to test 112.8-113.00 on 4H chart. The strong support zone on this chart could be a easy one to break through but wont pull this pair too far from current position. I would still prefer to long UJ once it finished ABC wave on 4H chart and send a confirming signal to long later. Sorry that last one got stop loss hit. It happens. RISK LOWER THAN YOUR TOLERANCE: Suggested Risk <5% Your Real Entry Position Will Make Different RR for Your Trade. GOOD LUCK!!! LESS IS MORE!
Long
by FUNTRADER-Vera