zaidkassoob

zaidkassoob

eth needs a correction to fibo 38 or 50 before further gain on BTC. This is merely a prediction based on elliott and Gann analysis not taking into consideration if BTC droppes under 40 then the whole market will be affected

zaidkassoob

These are the support and resistance lines for anyone who wants to trade futures on Btc during this correction Needless to say: 1. Btc will need to go above 52500 and successfully test it as support for a long position 2. Breaking 40 K will lead to Btc going to 25 K 3. Good trade would be buying near 40 K with stop loss under 39600 Elliot: so far we are at...

zaidkassoob

this is merely an idea to see if i can use the binance future chart on BTC.D to analyse bitcoin dominance

zaidkassoob

wave four of three of 5 correction might continue with a wave C targetting 58 K wouldnt be usual if it targetted the 50 - 60 fibo as wave 2 was sharp and deep long above top short below 61750 Wave 3 of 5 target is below 80 K Gann Target is above it but its better to manage expectations

zaidkassoob

wave four of three of 5 correction might continue with a wave C targetting 58 K wouldnt be usual if it targetted the 50 - 60 fibo as wave 2 was sharp and deep long above top short below 61750

zaidkassoob

11 or 12 of Oct possible short time level in a bearish Star be careful

zaidkassoob

bullish retest 42800 then bullish or continue to 46 then do a small correction to 44 K as long as we test 44 and 45 as support and succeed the bearish scenario of going to 20K is no longer possible

zaidkassoob

retests 42800 then up or to 46000 then corrections to 44 bullish scenario as long as we test 44 and 45 K as support and succeed

zaidkassoob

Bitcoin Weekly chart: Bullish: above 42200 Slightly Bullish: Green Trinagle Slightly Bearish: Red Triangle Bearish: under 28000

zaidkassoob

Bearish BITC suddenly dropped to the last Gann angle level. If BTC drops again, then we will be at our last line of defense BTC needs to vounce back or our journey for a new ATH is going to take far longer than we expected. I believe we can go down up to 27000 but we should close above 30000 day candle

zaidkassoob

Harmonic Very optimistic

zaidkassoob

As you can see Btc is still respecting support and resistance levels with Gann angles. Fib 0.5 Fib 0.618 Gann angle Set your strategy accordingly

zaidkassoob

Bullish: Bitcoin is still above fibo support Bounced up once on fib 0.5 = 32700 Never broke fib 0.618 = 317890 Respected the gann angle Bearish: Never broke the down trend RSI is on a downtrend Tested the support several times making it weaker Bullish if: If bitcoin breaks 34100 and closes 4h above Bearish if: closing under 32700 and 317890 4h This is...