BTC
Updated
Hi
Dear friends
It seems that BTC is doing more of a time based correction rather than a price correction. And we might have an uptrend after this to complete the zigzag pattern and reach for higher targets at 9K and 10K
Stop Loss : below 8400
Dear friends
It seems that BTC is doing more of a time based correction rather than a price correction. And we might have an uptrend after this to complete the zigzag pattern and reach for higher targets at 9K and 10K
Stop Loss : below 8400
Note
Hello there!As I have mentioned before, always try to follow our analysis to better understand the sequele of #BTC movements.
We put up a chart on 30th March and described the scenario in the form of a triangle.
The scenario is still valid and #BTC has moved exactly as per the chart and after it completed wave c from the triangle; the new uptrend started to form wave D.
Current movement is in wave D and is about to complete the last microwaves of this wave.
chart on March 30th
Note
Wave D has to be a 3 wave pattern in the form of a correction.
According to the lastanalysis, until and unless #BTC does not go below 8400, can have a rising microwave to reach for 9000 and 9500.
In case this rising wave moves as we planned and reaches for the above mentioned targets, we can describe it as the ending for wave D from the big triangle.
Note
Hello everyone!I hope that you are enjoying the good profit in the market these days!
According to our analysis; #BTC moved exactly as we planned and touched 9K and higher targets.
This analysis was against the majority of the market opinion and this was exactly what I expected from #BTC since 6K and shared with you multiple times.
I still recommend you not to sell your assets and move along with the waves.
In future charts we will search for the last movements of this uptrend and we may “temporarily” exit the market if necessary.
However, I believe that when BTC enters correction, some currencies tend to rise therefore I dont recommend you to exit fully.
Now.. Its time for you to share our page and recommend us to your fellow traders!
Like, share and follow this page to support us!
So that we can move forward with full capacity in future analysis!
Good luck!
Trade safe!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.