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I specified the trading areas in order and the price reacted to them very accurately! Two fully automatic trades with high profitability!
It looks like a long-term trend, in an uptrend. We are in wave E of this diametric, the minimum target can be $ 4.8.
The ascent in the form of e wave will continue to the specified ranges.
We may be in a wave e of C from a triangle. Or e is terminated.
We are in a diametric pattern and the C wave is expected to enter the descending wave g with the specified goals. And then we will enter the ascending leg D. Partners of the method (NEoWave), you can prepare the cash data production indicator by sending a message to this link. www.tradingview.com
If we enter leg (E) from the diametric, the first target is available . If we are still in leg (D) and this leg is becoming a combination pattern, the end point of pattern (Y), Determines goals and Perhaps type of possible pattern.
After the end of the neutral triangle, we expect the ascent in the form of an ascending correction pattern with the goals specified in the chart.
If this scenario is correct and is only supposed to move in the same wave (c) from here(2.29), if the price will only move as much as wave (a) itself. A $ 50 target is available. If Bitcoin can reach $ 70,000 with the current pattern, I think ada can easily see $ 50. Note: If the current ascending pattern is a zigzag, well, wave b has not yet reached its minimum...
In the daily chart (weekly cash data) it seems that the upward trend from the floor of 28,000 continues in a diametric pattern. We are nearing the end of wave e of this pattern. And I expect to enter wave f of this diametric, with the goals specified in the chart. This wave will tend to move horizontally rather than deep.
The current downward movement can be the second wave of the long-term uptrend starting in the form of the g-wave of the diametric.
In the previous analysis, I said that we entered the c wave of a triangle or a flat. In the case of a flat scenario, the c wave will be an impulse.In the triangle scenario, wave c is a correction wave.It seems that wave 2 of this impulse or b of this correction is about to be completed.
Medium term : Wave C is active in Bitcoin. We do not know whether C wave is from a triangle or C wave is from a flat. The targets of this wave can be optimistically, 30-35. Short term :The current ascending microwave is either a C wave from a flator an E wave from a triangle.In analysis E is represented by a triangle. The targets of this wave can be...
Please check the linked analysis.When we have a vertical fall, the market is not analyzable at the moment to see what the scenario could be in the coming days.
The scenarios I expect to happen on Bitcoin.In this case, a short-term decline (X) and then the start of the pattern (Z). Otherwise, wave B will end and we will enter wave C. Or we can reach the level of 57 to 60 with the same g-wave of the diametric pattern or in a symmetric one.
Please check the linked analysis.The f wave seems to be ended at the 47000 level.
Wave f is going to terminat as a neutral triangle in (47-48) and I expect to enter the ascending g (of y of B wave) of diametric . Wave g may end in the price range of 50-52. If the FLAT scenario is active in bitcoin, We expect the price to fall in wave (C). The minimum target of this decline can be 38 and normally 30-35.
The (Y) wave from (B) ended on the same level I expected. Each upward move is just a pull back move.In the previous analysis, I was looking for the end of wave a from the pattern of the second part of the combination. Of course, there were intermediate analyzes that were updated week by week and day by day in the Telegram channel. Including it, which was labeled...
According to the analysis, an extended felt pattern ended. I think we are in a Complex pattern with a small x wave.Wave (a) of the second Complex pattern is coming to an end. And I expect to enter the descending category b soon. This lag may end within the specified zone.