4500
BTCUSD 23 MARCH , STEP TO STEP TO 4800$BITCOIN (BTC)
23 MARCH 2019
HOW TO UNDERSTAND THE MARKET ?
Mena’hem SULTAN :
BITCOIN (BTC) is sleeping between $3900 to $4050 since a week already,
sometimes jump to the resistance then hit the support and sleep.
Why ?
What are these moves BTC is making and how we can trade ‘em ?
here’s a 4 hour chart graph
BTC is basically jumping from range to range, resistances become supports.
And the market maintain bullish.
This is how BTC play strong even on a bear market.
Range + Impulsion !
But soon things will change, we are getting very close to break the IHAS resistances so once they’re broken we’ll see a huge movement, we can expect a jump to 4800$ and can even hit 5000$.
BE READY .
ALTCOIN MARKET ANALYSIS
Alts are strong and healthy at the time of writing, there’s a lot of green in the market and some big volumes.
The question is :
Now that alts are getting close to the range resistances, are we going to stay in the range or we’ll see a breakout above the resistances and we’ll start a new alt-bull-run ?
After this very long accumulation we can expect a very huge uptrend if breakout.
(The detailed doc with a specific analysis on each alts is still available)
leviathan capital partners
BTCSMARTCONSULTING@GMAIL.COM
Let me make it simple for you guys!Look at the red arrows, you can clearly see the pullbacks at the FIB levels: 0.382, 0.5 and the biggest pullback was at 0.618, the golden area. And if you draw a fib line from line A -> B , then you'll see C ended at 1:1 perfectly, What else can it be but a corrective wave? I don't know why many ElliottWave trader is calling the last rally "impulsive", how do you draw 5 waves from that structure ??
That proves once again that ElliottWave is a shitty tool if it's in the wrong hand.
However, there's still chance that Bitcoin might test the higher FIB levels ( 0.786 & 0.885 ) , so that's why you guys should stick with StopLoss whenever you enter any Short at this time.
With that said, keep in mind that the actual target is still at 4500. Unless Bitcoin breaks 12k , it is still in an obvious downtrend!
Regards,