Possible scenario BTC can correct until 7900 and start another uptrend after that. In case we are confirmed with this, BTC will have the ability to break through 8400 (downtrend important resistance) and then rise.
I still agree with this analysis, and as long as the price is not fixed below 6500 , This analysis is valid ...
Hi friends! I’m feeling great! I wish that you feel the same way too! A great analysis using Elliott Wave Theory! I told you earlier that #BTC good days are about to come! Have a look on previous analysis... I expected #BTC to have a sharp movement by the time pattern completes and breaks out of the triangle... But here is the thing: Are we started with the...
After the rise in wave A-1 and correction until 61% Fibonacci, it has taken a new path to rise. But until now, the current movement cannot be counted as a strong impulse and can be just a small rise after the correction in the form of “B” and then we might have a third wave of fall. Red rectangle is an important resistance area for the current movement and if...
There is no certainty in market and anything is possible. Here is a possible scenario if there is no sharp fall in price and #BTC does not go below 6200. Current prices at 6200 stop loss has a good risk-reward and good to enter. Its a bit hard to foresee these kind of complex corrections; specially triangle patterns. Anyhow, I will update the chart in case...
#ADA According to the 4h time frame chart, price is fluctuating in a downtrend channel, and if it breaks the trendline, we have a good situation for growth. According to the waves, situation for a new rally to the top is about to happen and on the other hand, #ADA is about to complete a reverse head and shoulder pattern as well. Please have in mind that all...
#BTC Update I expected #BTC to correct in 3 waves hence we can see the triangle pattern. In case the triangle pattern completes and #BTC does NOT stabilize under 8200 and stays above it, I expect it to start an uptrend and rally to the top. This analysis will fail in case we fall under 8K. * Please manage your stop losses.
Hello everyone, We have a scenario here in case we are already started with the rally to the top. Present price at 8600 is not suitable to enter. But for people who have not bought their #BTC yet, wave b-2 in the upcoming correction is recommended. This correction can arrive right at the price or can wait for sometime and then arrive at the area.
In case we continue with the downtrend, here is the zone of reversal which you can see in green rectangle. We have a good risk-reward chance in this zone to buy #Bitcoin.