My Idea | BTCUSDT | December 18th 2021
Updated
My first try to use the publish idea. The rest is my previous private idea trade on Binance.
My idea for Bitcoin is on the wave correction C.
And have a possibility for sideways for another days-week.
After I've done some analysis, I think the possibility to 100K target as the majority of people think of is not this year.
There are 2 conditions for another move. The first is the Blue Arrow, which the "normal" uptrend which BTC will be bullish until the early next year.
The 2nd condition, if the price breakdown below 40K support, then the Y label at the 30K support have a higher possibility.
I don't really know if this is the way Elliot Wave Analysis works, or I made some mistakes for put the lables
I think that's for BTCUSDT.
This is my first post, I hope for the best for the cryptocurrency market.
*Disclaimer: This is not some sort of forecasting signal to suggest what the public should do. It's my idea from my own analysis where the market is heading to.*
Cheers.
My idea for Bitcoin is on the wave correction C.
And have a possibility for sideways for another days-week.
After I've done some analysis, I think the possibility to 100K target as the majority of people think of is not this year.
There are 2 conditions for another move. The first is the Blue Arrow, which the "normal" uptrend which BTC will be bullish until the early next year.
The 2nd condition, if the price breakdown below 40K support, then the Y label at the 30K support have a higher possibility.
I don't really know if this is the way Elliot Wave Analysis works, or I made some mistakes for put the lables
I think that's for BTCUSDT.
This is my first post, I hope for the best for the cryptocurrency market.
*Disclaimer: This is not some sort of forecasting signal to suggest what the public should do. It's my idea from my own analysis where the market is heading to.*
Cheers.
Trade active
UPDATE | BTCUSDT | December 24th 2021As we may know. After almost a week BTCUSDT seems to have a higher chance to have a good uptrend. But be careful a breakdown from a 55K resistance area. (As shown on the chart).
It seems BTC have a good trade. But need to keep an eye on the resistance. We may never know for sure absolutely where BTC might go.
From the news we've heard, it seems BTC and another cryptocurrencies have a better usage on a nation scale.
I've heard from the news in Indonesia, Telkom have a plan to build a cryptocurrency exchange with Binance. Even though we know Binance is labeled as "Illegal" to operate in the country because Binance isn't registered as a legitemate corporate or operated exchange.
But as we may know, Tokocrypto, a digital exchange that legally operate in Indonesia is powered by Binance (Binance Cloud). So there's a chance that Telkom will have a plan with Tokocrypto with a support from Binance.
I think that's for the update. Hope the best for the market.
*This is not some sort of a signal to buy or sell. Your money your responsibility.
Note
UPDATE | BTCUSDT | January 1st 2021It's interesting how the market responds, drops (to a 40K area) after Christmas. As we can check on the volume, I think that some holders take profit before the new year. We may seeing sideways for another days to weeks (I don't know for sure, but it's interesting to observe).
I think that's for the update. Hope the best for the market.
And Happy New Year!
Disclaimer
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