Future Counting Scenarios
nice to meet you meow :-D
I'm writing today with a translator, so please understand.
Regarding the current Bitcoin chart, I would like to present my personal wave counting (which has nothing to do with the Elliott wave ) and look at the potential of the market based on the current point and present a perspective.
Previously, I predicted a decline in the price of Bitcoin by fusion with chart analysis based on the bearishness of the global economy.
However, in the period where the possibility of further price drop could come out, Bitcoin succeeded in price defense and created an environment in which it can be judged that it is building a floor to lead a rebound.
I consider this to be the midpoint of the bottoming of Bitcoin , and I would like to talk about the future chart flow.
First, I would like to talk about the attractiveness of the profit/loss ratio.
In the one-week candlestick , a candle has appeared to signal the possibility of the current price support and the end of the downtrend counting, and it is very close to the bottom at the current price level.
In addition, in the BTC .D chart, Bitcoin's capital dominance is expected in October.
If Bitcoin price rises, it will show a strong wave that can bring market capital flow.
Based on this, the counting of Bitcoin I think is attached to the chart.
An important price point is around 22,200 - 25,200 USD in the short term.
However, that does not mean that I am not currently convinced that Bitcoin has bottomed out.
I think the overwhelming capitulation sell-off of Bitcoin mentioned earlier will come out, and I emphasize that this point is talking about the possibility of a rebound before this point.
Current views can change over time by looking at the chart.
In conclusion, I anticipate a surge in Bitcoin and reveal that the main scenario is to take the strategy of holding Bitcoin to a certain flow rather than altcoins.
I'm writing today with a translator, so please understand.
Regarding the current Bitcoin chart, I would like to present my personal wave counting (which has nothing to do with the Elliott wave ) and look at the potential of the market based on the current point and present a perspective.
Previously, I predicted a decline in the price of Bitcoin by fusion with chart analysis based on the bearishness of the global economy.
However, in the period where the possibility of further price drop could come out, Bitcoin succeeded in price defense and created an environment in which it can be judged that it is building a floor to lead a rebound.
I consider this to be the midpoint of the bottoming of Bitcoin , and I would like to talk about the future chart flow.
First, I would like to talk about the attractiveness of the profit/loss ratio.
In the one-week candlestick , a candle has appeared to signal the possibility of the current price support and the end of the downtrend counting, and it is very close to the bottom at the current price level.
In addition, in the BTC .D chart, Bitcoin's capital dominance is expected in October.
If Bitcoin price rises, it will show a strong wave that can bring market capital flow.
Based on this, the counting of Bitcoin I think is attached to the chart.
An important price point is around 22,200 - 25,200 USD in the short term.
However, that does not mean that I am not currently convinced that Bitcoin has bottomed out.
I think the overwhelming capitulation sell-off of Bitcoin mentioned earlier will come out, and I emphasize that this point is talking about the possibility of a rebound before this point.
Current views can change over time by looking at the chart.
In conclusion, I anticipate a surge in Bitcoin and reveal that the main scenario is to take the strategy of holding Bitcoin to a certain flow rather than altcoins.
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.