I have been watching this bear flag and had been expecting this to form as we had our first drop till 28 k as explained earlier also the first drop was wave 3 this consolidation triangle was wave 4 and now we will see wave 5 to complete 5 wave structure of wave A this will extend to 200 weekly MA
My analysis is based on moving averages 50/200 in weekly and monthly time frame trendline rsi divergence and elliot waves theory and with detailed insight on fundamentals According to analysis 65 k top was the completion of wave 5 in this super cycle as calculated in earlier analysis also and now we are in the ABC correction phase where we will complete wave A at...
their is a significant bearish divergences on XAU/USD chart in all major monthly time frames as per previous divergence in XAU a correction could be possible in next 4 years of around 50%
DXY Analysis for till 2030 we have been in a bear trend on dxy from a long term and finally we broke it with retest of resistance turn support i have mentioned 3 targets which i consider to be crucial points
this is a revised wave analysis for the bull run in bitcoin wave 5 can be more extended depending on the market volatility
these are my views on current bicoin bull market which looks very similar to 2013 cycle due to te fact that we have tested 21 ema in weekly tf only once and according to fib retracements i believe we have topped out our wave 1 in 5 wave EWT and will start wave 2 now which will correct around 25 k level to start wave 3
i believe we are in 5th wave and will start corrective wave a b c with b wave wave please give views
this is what i think could be the next possible move according to fractal analysis if we can break 19500 this will become invalid and if we drop this could play out giving us a target of 9200
bitcoin forming a head and shoulder pattern in short term range