On Mar 15, I suggested that (Target 2 = $ 30328): It did. There are two possible scenarios since then: 1- Scenario No 1: The trend is up (Bitcoin is trading in an uptrend channel) and there is no denying that right now (Impulsive rally). 2- Scenario No 2: a normal corrective rally (once bitten twice shy!) Good Luck.
Let us Leave doubts aside. there's no time to waste. Target = $ 27600 Good Luck.
I truly believe that while newbies "might" know the numbers in sequence, they are not able to use them to count "Elliott Waves" (see their charts :) Appendix: (Elliott Wave Theory) Motive (Numbered) phase, Corrective (lettered) phase,
Hoping for a retracement may not be a good experience! Technical Section:
On Jun 5, I suggested that: I might still be right in my analysis (I think wave c is still unfolding). so, wave c of this emotional roller coaster is still in progress. What the market is doing (non-doing or undoing!) : $ 2004 < Target < $ 2022 Stop = $ 1927 Good Luck.
I am long, why ? why not ! Subdivision of wave X is in 3 waves (Corrective phase). Subdivision of wave 1 is in 5 waves "impulse". What is this telling us? You know what that means.
one more bull-run and then look out below. check out my previous analysis:
In Monday's update, I indicated that: (check out my previous analysis) What to expect next? As shown on this chart, the Fib level 0.5 (Fib 0.618) may be the target.
This is consolidation before the big move. Explanation on chart. Target-1 = $ 0.029 (+50%)
I want to know " who is the player in the Cryptocurrency " (largest Market Maker in the world " today ") What do you think? twitter.com
In logical terms, the chart tells us that the market is in a range or at the start of a new trend (a DMI breakout, if confirmed, would open the doors to $ 30k).
Wave C (in a larger A-B-C) : You can see some irregular C waves that lasted for several months. The are often fast and furious (Prices move impulsively lower). 616 days: As shown on this chart, the wave C decline is (approximately) 1.618 times (Wave C = 161.8% of wave B) the length of wave B (Wave B = 123.6% of wave A). What might this be? Expanded Flat...
Extrinsic value= $ 22.34 Intrinsic value = $ 95 (To me, this means) If it dips the very next day then I'll buy. This approach helps keep you one step ahead of market.
On Apr 16, I indicated that: "I am bearish, I hope we find support at 27k, BTC = $ 30300"' it did. More targets to shoot at: A possible path for the upcoming days. Target-1 = $ 29800 (14 May), Target-2 = $ 28000 (22 May), Target-3 = $ 32000 (28 May - It will be)
A possible path for the upcoming days Primary: Wave 1 (larger degree), Intermediate: Wave 4, minor: Wave E Apr 27
Why prices tend to go through multi-year periods of bust & boom? Here is my current long-term outlook. Target-1 = $ 51k Target-2 = $ 40k Target-3 = $ 73k (This result is possible) Short term: Check out my previous analysis (BTC= $ 16796):
Explanation on chart. Check out my previous analysis. Long Term:
There is a little question unanswered between us, "what might this be?" It can be wave A of a corrective pattern (It did!). I see two possible scenarios for the price action: ZigZag: Flat (a sideways movement): let's see.