BTC Perfect Combination Elliott - Fibo - Harmonic Analysis
Hi guys, it's me Vincent again.
I'm pretty bullish on BTC right now. Let's do some analysis together.
This chart is based on the assumptions below:
- BTC is moving within Wave C (white)
- 76xx - 78xx will show good bounce to end Wave 2 (green) and entering Wave 3 (green) soon. This zone is the 61.8% retracement of Wave 1 (green)
- 773XX was the strong support for BTC to start forming Harmonic Pattern . This zone is the 78.6% retracements of Wave B (white)
- Target 128xx will perfectly complete ABCD pattern starting from 60xx, with AB = CD
- And it's also the 61.8% retracement from Daily top $17,0xx, to form the harmonic Gartley pattern .
We expect for the drop of BTC at 129xx level, whether it's a retracement before going higher or a reversal to a lower bottom, we will decide when the time comes
Other indicators ( Bollinger Bands , MACD , RSI , Stoch ) are also supporting the start of this analysis.
Let's see how the market decide.
We believe the universe is governed by natural laws, ratios and moving in harmony.
Follow me on Tradingview for more accurate analysis.
And comment to receive notification of my analysis updates
Please feel free to exchange ideas with me in comments below.
Glad to answer any of your questions
I'm pretty bullish on BTC right now. Let's do some analysis together.
This chart is based on the assumptions below:
- BTC is moving within Wave C (white)
- 76xx - 78xx will show good bounce to end Wave 2 (green) and entering Wave 3 (green) soon. This zone is the 61.8% retracement of Wave 1 (green)
- 773XX was the strong support for BTC to start forming Harmonic Pattern . This zone is the 78.6% retracements of Wave B (white)
- Target 128xx will perfectly complete ABCD pattern starting from 60xx, with AB = CD
- And it's also the 61.8% retracement from Daily top $17,0xx, to form the harmonic Gartley pattern .
We expect for the drop of BTC at 129xx level, whether it's a retracement before going higher or a reversal to a lower bottom, we will decide when the time comes
Other indicators ( Bollinger Bands , MACD , RSI , Stoch ) are also supporting the start of this analysis.
Let's see how the market decide.
We believe the universe is governed by natural laws, ratios and moving in harmony.
Follow me on Tradingview for more accurate analysis.
And comment to receive notification of my analysis updates
Please feel free to exchange ideas with me in comments below.
Glad to answer any of your questions
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