BTC/USD can start to 3 wave with falling wedge breaking. We can predict 2 targets.
ripple / bitcoin chart had very long period down trend channel. After the point of inflection, channel trend was changed 2 times. Now XRP/BTC is making up trend channel. Now the slope of channel is very low and it can be increased or not. We can check buy zone when the channel is changed with higher slope by breaking of channel.
Big falling wedge of BTC/USD can be trigger of 3 wave. And now lowest price is Fibonacci Retracement. So, we can guess the end of correction wave before new lowest price. this price can be buying zone. target price is 20000 dollar and stop loss is lowest price ~ 7250 dollar
XRP/USD price is making falling wedge in day scale. If this pattern is broken by soaring, we can predict 3 target. first resistance, second resistance and the highest price.
falling wedge is fake. (making bull trip) BTC/USD is making bearish flag. I think that BTC price can be stable after one more drop. So, We can't expect strong rising in the near future. After confirm lowest price with long period, We can check new chart pattern.
BTC/USD touched 7600 dollar that is elliott 3 wave. Now BTC/USD is having correction wave (elliott 4 wave). We can predict rebound price by using elliott wave analysis. 7000 dollar was broken So, next price can be 6500 dollar. Sure, it can be changed by major support 6800.
BTC price soared with breaking of tunnel. If price can be supported by trend line, we can predict next target about 9200.
Now BTC/USD price is reached about 8600~8700. It is ellite wave (3) (normal) price with very huge volume. Next we can predict correction (4) Or more soar with expanded wave (3). If it is expanded wave (3), maybe it can be reached about 9200 dollar. We have to watch next wave with volume. If added soar with big volume, impulse wave is not ended.
Today, BTC/USD had very big plummet with breaking of triangle pattern. The 20, 25 EMA of Weeks couldn't make hold the price of BTC. the price rebounded 0.381 of long soaring from 4000 dollar. So, we can guess that collection wave (2) was over and (3) wave will start. (3) wave target is about 20000 dollar.
It is Double bottom pattern of BTC/USD. Now this price is buying zone. We can guess target price ~9000 dollar. After that, maybe price can be dropped.
Now BTC/USD is making tunnel. It is similar to bearish flag. But we don't know yet.
BTC/USD chart is making bearish flag in 1 hour scale. If price can't soar with strong buying, next plummet can occur. So, we can expect profit by short position 9600-9800 $. target is next major support line 9050 $.
BTC/USD is plummeted after breaking triangle pattern. Now the price can be going to fill the gap with price and 100 days moving average in week around 9050. this price is recent lowest price, So we can expect V rebound or side way around 9050.
Recently, BTC/USD used to maintain tunnel trend line. For example, the price about 12000 $ was very strong resistance by tunnel trend in last week. So, We can predict next impulsive wave of BTC/USD by using tunnel trend and major support line. ( 9200 $, around 10900 $) Sure, this analysis can be possible after rebound by 10900 $ support lines. If it can't,...
Yesterday, I uploaded a publication about rising tunnel of BTC/USD. this pattern was broken with second plummet. After that, I could rebound of BTC/USD. Now we can guess two patterns of ascending triangle and new rising trend tunnel. If BTC/USD price plummet again, we can have a buying chance around below trend line. If price break up triangle with rising, we can...
BTC/USD can be in rising trend tunnel. Sure, We have to watch that it maintains trend line. If low trend is broken, We have to consider new pattern.
Now BTC/USD is making triangle pattern in 1 hour scale. We have to check continuously trend line. Especially down trend line. If down trend line is broken, we have to think new correction pattern.