How Do You Know You Have The Right Idea? Take a trip with me back in time. (Dec 2018 - Apr 2019): What do you expect from Bitcoin? (bullish? Bearish?) 1- if Bullish, you are on the Right side of the market. 2- if bearish, you are on the wrong side of the market ,means: you are new here!
Two distinct parts: 1-high volume; a near vertical flag pole. 2- low volume: a parallel consolidation comprised of 4 points. What might this be (as bright as a light bulb) ? Target-1 = $ 0.07
Buying opportunity (Pullbacks will be short lived and shallow!). BTC 2019: I told you so
I don't think it needs much explanation. 1: 2: 3: Corrective Waves:
If bears are going to lose their money they will find a way. Target = $ 0.085
As shown on this chart, waves are related to each other (Graphical idea-Explanation on chart). That means that the current rally that began in late Jun 2022 is a 5-waves rally (Scenario in chart). Double zigzag:
Sideways correction: is the most difficult of the Elliott wave patterns to forecast (a priori). why? because: 1- prices reverse higher, many see as a resumption of the now long-gone bull market. 2- time-consuming! Sideways correction = 38.2% of the previous "impulse" wave. E.g. (Wave X = 38.2% of wave 5) Sideways correction= Wave X. Sharp corrections: ...
This chart should be enough for now. Target -1= $ 0.075 Target -2= $ 0.11
As you know, wave 3 is usually the largest and most powerful wave in a trend. As a result : Length of Wave 3 > Length of Wave 1 min Target (wave 3) = $ 0.37 ,
Pre-breakout: As you well know as a trader, the sources of good things can be bad , E.g. (Cold War --- > Internet)! Breakout: The market is expected to move up (signals extreme conviction among buyers).
A possible path for the upcoming days. (Bull Flag Pattern). Target-1 = $ 0.07 Target-2 = $ 0.27
Chance favors the prepared mind (Louis Pasteur). Take a chance!
Hi everyone. A Possible scenario is shown in the chart.
If You're Not Long, You're Wrong! Target-1 = $ 0.11 Target-2 = $ 0.37
The Disadvantages of Short (Bottom-Line <---> short position): 1- unprofitable (restricted range of price) 2- greater risk in trading (Bottom-Line) 3- doubtful (Jul-Aug-Sep-Oct (high volume <---> restricted range of price!) Volume-BINANCE-USDT:
Inverted ZigZag: wave C terminates beyond the beginning of wave B ($ 0.098). Chart Details: - 5-3-5 structure -Wave B = 85.4% of Wave A ( can be counted as complete) -Wave C (Impulse wave subdivide into 5 waves), -Wave C = 61.8%, 100%, (or 123.6%) of wave A Target -1= $ 0.075 Target -2= $ 0.11
If I can't tell you you're wrong, you're long! Target-1 = $ 0.11 Target-2 = $ 0.37