long-term bitcoin analysis. it seems to be a Neowave neutral triangle ongoing
It could be noticed that we are near to the end of the 5th wave of the larger 3rd wave as it is clearly clarified by the chart. In this regard, a 38% correction would be inevitable. The PRZ for the end of current wave 5 is around 54K to 54.8K. Were the impulse wave ends around the above-mentioned zone, the following correction (wave 4) would be extended to 44.4K....
According to phenomenal microeconomics perspective, there are significant supply zones which should be taken care of. >>>> This could be an educational content. So, try to contemplate the chart meticulously. <<<< In each consolidation band there is battle in between bulls and bears in the market, because we reach the equilibrium point in the supply-demand...
check the chart everything is evident After breaking the bear supply zone, there was a retest to the top of the broken zone which synchronized with the sublevel 4th wave of the larger 3rd wave. According to bullish bias, it seems that Bitcoin could complete its 3rd wave. However, there was a bearish scenario that has a lower probability than current counting. In...
check the chart everything is evident
check the chart and feel free to comment on your idea The CME gap has just been filled by price action. take care of trend line, anything below 31500 is bearish anything about 35100 is bullish
check the chart and feel free to comment on your idea
The detailed chart of BTCUSDT has been analyzed according to Elliott's wave theory. Check the chart, feel free to me any question about the numbering. Everything is mentioned in the chart. P.s.: the green and purple lines are the impulses channeling lines.
As you can see, the chart has been updated due to the price action. however, the macro perspective is still the same. After the bull run which has been started from the covid-19 pandemic, the price has started to correct from 64K. it forms an Elliott impulse wave until now. So, it can be concluded that the impulse wave is the first leg of a larger corrective...
As you can see, the chart has been updated due to the price action. however, the macro perspective is still the same. After the bull run which has been started from the covid-19 pandemic, the price has started to correct from 64K. it forms an Elliott impulse wave until now. So, it can be concluded that the impulse wave is the first leg of a larger corrective...
this the upward scenario. check the chart
this the downward scenario. check the chart
As you can see, here is a phenomenal Elliott wave theory analysis of Bitcoin. The picture is totally clear. In my opinion, the CME gap is to be filled as soon as possible. (in this wave or the 4th wave correction of current impulse) The short-term target is 42K. The mid-term target is 47K. Then, the correction will continue to finalize its structure by going...
Check the chart please every thing is evident.
Despite all those downtrend continuation scenarios that have been published in this account, today we saw a possible uptrend in the chart. According to the price action perspective, there would be an upward movement due to the falling channel after a downtrend extension. The entry points are marked on the chart by blue circles.
Have a look at this beautiful chart . The correction was checked in detail and it seems to be completed.