Elliottician_WaveTrader

Elliottician_WaveTrader

In following of my previous analysis, I can predict the 2 likely routs for bitcoin . this means that might occurs some happens in March. but in according to volume in previous weeks, I'm not hopeful to good happens so much. also in basis of hawkish sentiments in the most of important world's central banks, we should wait for responses of whole markets specifically...

Elliottician_WaveTrader

In following of my previous analysis, I can predict the 2 likely routs for bitcoin. this means that might occurs some happens in March. but in according to volume in previous weeks, I'm not hopeful to good happens so much. also in basis of hawkish sentiments in the most of important world's central banks, we should wait for responses of whole markets specifically...

Elliottician_WaveTrader

I guess 2 scenario for bitcoin within next weeks that contains 2 predicted routs for pump or dump! if bitcoin could reach and proof the 44500 support zone, it might start the rally for a bullish trend. in other hand we can hope to crypto market exits from this decent trend which is longed a bit more than usual. but in my opinion the 2nd route for that is intense...

Elliottician_WaveTrader

After breaking the important support of 38000 which was Ratio 78.6 of FIBO, we can suppose 2 scenario for btc within next days and weeks. downward from this support limit, we have 3 Action Zone in probable route of bitcoin. 1st Scen. : bitcoin entranced to upper action zone a few days ago. now btc stand on 36400 price, exactly upper border of this zone. if that...

Elliottician_WaveTrader

This time bitcoin has stood in 42100 approximately. now in basis on news and happenings, three situations are probable. if that breaks the upper border of channel toward down, then we will see lower targets like 41800 or 41300. in these points we will have a divergence in according to RSI. therefore we expect that bitcoin have a pullback from these support lines....

Elliottician_WaveTrader

Bitcoin broke out the channel at 43100. this point was very important for that. now It attempt to reach above MA upper border(447000). if it be able cross this resistance, that might touch the line of cup pattern. the price of this line is 45800. but in other hand the price 45500 for bitcoin is very very important resistance. therefore if it can proof this price...

Elliottician_WaveTrader

Almost everybody which works in crypto market, had warned about very important support 45500 for bitcoin repeatedly! previous night BTC broke this vital support! now bitcoin places below of 0.38 ratio of FIBO that is 44500 approximately. in basis of candles and in my opinion bitcoin can drop under 41000 with this conditions. but last hope for return is support of...

Elliottician_WaveTrader

NOW Bitcoin is attempting to reach above the lost supports! a few hours ago, btc broke down the important support 46900. based on Ichi system and trend channel we can see that Tenkesen and Kijonsen line with red cloud boundary couldn't act against falling down! in present time we hope that able to show an appropriate reaction to channel mid-line(46200). IF this...

Elliottician_WaveTrader

one of the interesting technical instruments is pitchfork! here we see that the candles are upon ratio of 0.5 pitchfork exactly. this point is vital for bitcoin. that's why if bitcoin can't act on this support, then probably that will drop under lower support and may be touch 45500 and even 44000! we wait for next events.

Elliottician_WaveTrader

There are 5 or 6 resistance for reaching to the 60 thousands channel. does it intend go ahead with its climb? I hope so. that's done very well till now. we should trace it carefully from this point.

Elliottician_WaveTrader

I see very similar situation to the former pullback in September. if btc can proof 53400 for at least half of day, I guess that crossing of other resistances will be reachable!

Elliottician_WaveTrader

in according to my former analysis, this is new updated chart in the pitchfork! I think btc is pulling back; BUT there is a very very important problem. bitcoin should cross and stand upon res. 51900 within next hours. that is vital for bitcoin to start the trip toward ATH.

Elliottician_WaveTrader

downward channel is keeping on since some weeks ago. an opportunity for trading and taking profit. find pivots and open your position. GOOD LUCK :)

Elliottician_WaveTrader

in basis of cross MA and FIBO I can see trend moving to a other SL. probably lower than 45500. for growing trend, btc should cross through 2 or 3 resistance(minimum NO.). LIKE 48000, 49100 AND 50600. anyway it's a little complicated for predicting future moving these days. but I'm so hopeful to nice days for bitcoin.

Elliottician_WaveTrader

what will happen for bitcoin within last days of 2021? in my point of view and basis of analytic results, I think that go up into MA margin(gray zone) after a little decreasing in price. anyway the trend won't change in 2021 probably. but I'm so hopeful to nice days for bitcoin very soon

Elliottician_WaveTrader

we can suppose one of the harmonic pattern for btc future movement. in harmonic analysis method one of the rare patterns in which second top is upper than first top, is "shark pattern". I tried it in time frame of day. the result was amazing! all 3 of fibo ratio for this pattern is match with shark pattern completely! thus; if bitcoin want to move on this pattern,...

Elliottician_WaveTrader

Within next 2 months I think btc will repeat previous pattern. this dump is similar to former fall! bitcoin will touch 41000 at least one time again!

Elliottician_WaveTrader

In my previous posts, I predicted limitation of 53000 for next support and BTC touched it. now I think btc will start moving to the it's upper target after touching support zone between 49000 to 51000! that's why, in my opinion the correction wave for bitcoin has not completed still. in according to this predict. I think btc has a gift for it's lovers in first...