dogecoin_chain

dogecoin_chain

The target of the 3 wave is 0.083, find the red line on the chart. After this i am anticipating reaction - 4wave, as part of the Ending diagonale of the minor degree. Approximately 0.13. The 5wave of the Ending diagonale could reach the bottom blue line of triangle on the chart. Please note my base scenario is very bearish. The targets mentioned here are for...

dogecoin_chain

1) Total market capitalization decline has confirmed. This is one more argument that the price action we see since December 2022 - is a bear structure; I interpret the structure as an extended 4 wave of minor degree. 2) Bitcoin has gone under the 2009 trend line. This was never done before. 3) Due to massive 4-year SMAs support near 37-32k, a pattern might be...

06:56

dogecoin_chain

1) Total market capitalization declined has confirmed. This is one more argument that the price action since December 2022 is a bear structure. 2) Right now, Bitcoin price has gone under the 2009 trend line. The single relatively safe entry point to i see on BTC for speculations is 38k. Due to massive SMA support there the pattern might be more complex than...

dogecoin_chain

According to my waves count PlanB is wrong. The top of previous bull market was in November of 2021. The vertical blue line on the chart is start of the intermediary grade of bull market. This is proven by wave equality rule - the May 2021 decline was a 4th wave, and the June 2019 decline was a second wave of intermediate degree. This proof is also verified...

08:40

dogecoin_chain

According to my waves count the market top was in November 2021. Decline belowe 44k will confirm we are in C wave. The target of wave C might be at least 18500k. However, the structure of this formation may have a more complex form. This may turn out to be a Zigzag. The exit from such a zigzag may last until 2028. This scenario is canceled if the price closes...

07:47

dogecoin_chain

According to my waves count the market top was in November 2021. Decline belowe 44k will confirm we are in C wave. The target of wave C might be at least 18500k. However, the structure of this formation may have a more complex form. This may turn out to be a Zigzag. The exit from such a zigzag may last until 2028

dogecoin_chain

Trading is simple, itself. The more complicated thing is keeping calm and wait as a bear

dogecoin_chain

Bitcoin is oversold on time-frames below 6W and overbought on 1D. This means the current move up is a minor reaction on Intermediate correction. I think the price will spike the ATH once again, but the probability price go significantly higher ATH is lower than vice-versa. Maybe around 85k. The price action usually is moving in a channel boundaries. You can see...

dogecoin_chain

In Elliot wave principle analysis - Triangle is a figure of a trend continuation. It always occurs in a position prior to the final actionary wave, in the pattern of one larger degree. I.e as a wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple Zigzag. A triangle may also occur as the final actionary pattern in a corrective...

dogecoin_chain

An ascending diagonal triangle is a bearish sign and is usually followed by a sharp drop in prices, at least to the level where the triangle started. Fifth wave lengthening, truncated fifth wave, final diagonal triangle - all these patterns contain the same fact: an upcoming impressive change of direction. The sign of the overlap of waves 1 and 4 and the...

dogecoin_chain

We see following facts: 1) Facts for go down: The probability that we will go down is higher than vice-versa. You can see this on 2W time frame; According to Elliot waves principle the Triangle appears in the wave 4 position, more frequently than vice-versa. Moreover the target of this triangle formation is already reached; DXY is rising, there are...

dogecoin_chain

It could be Elliot Wave Expanding Flat correction as well as Wedge. In the first case buy out target ~ 0.1, in the second case - 0.137. According to oscillators i anticipate the both figures will work out: 1) EWI Expanded Flat 2) Wedge. If uptrend is too much powerful we will see the price bump out on the level where wave A started ~0.17