Neowaveanalysis
NEoWave Analysis of Gold Chart within Daily time framefollowing the previous analysis, it appears that gold exists within a daily time frame in a combined structure of a diametric plus Neutral Triangle Reverse Alternation. To be more exact, we are now in the D wave of the triangle which is a descending wave. afterwards, we should be observing an ascending E wave so the combined structure will be complete and we get into another descending wave that the starting point of D wave is higher than degree.
Trend analysis on goldThe prior scenario on gold unfolded almost pretty much accurate but based on some observations on price movements there is now an alternate scenario which is shown in green and I'm in favour of
Nevertheless, the former scenario is also drawn in light red
please note that:
everything in green relates to the first scenario
everything in red relates to the second scenario
everything in white relates to both
Good Luck
A midterm investment opportunity on alpha apparently based on good fundamental news which had been released on alpha and the way that the price had reacted to them
And under the understanding of the pattern which seems to be forming as an impulsive wave
this coin could be a good investment option for a period of 2 or 3 months.
Good Luck
BTC sell or buy???After today's correction in Bitcoin, a new update is needed for the previous analysis:
This analysis is for clarification only.
Today, the price of Bitcoin had a correction. This correction is completely temporary and can continue for the next two weeks.
But the important point is that the 'W' wave, according to the chart, is finished. So we're in the "X" correction wave, which can be flat, and go up to $ 70- $ 80,000.
The Alt season continues until bitcoin reaches the specified range and breakout (X). But after that, holding bitcoin will be more better than holding altcoins (watch the Bitcoin dominance chart).
Since pumps and dumps in crypto are usually beyond our expectations, I expect ATH Bitcoin to reach prices above $ 100,000 at the end of this bull run.
Remember risk management will be the most important factor in your final return.
Good luck