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Bitcoinmovement

Whatever you need to know about BTC sycle** IT'S NOT FINANCIAL ADVICE ** ** SO PAY ATTENTION IT'S JUST MY IDEA ABOUT THE NEXT MOVEMENT IN THE CRYPTOCURRENCY MARKET ** ------------------------------------------------------------------------------ Hello Guys what's up? Hope you feel great and always be happy and successful. Today I want to talk about the Elliot cycle of Bitcoin. it's really interesting. so don't waste time and see carefully this Elliot analysis. this analysis is about BTC in the weekly timeframe. as you see we have two different parts. in the first part, a huge bullish trend is obvious. I drew the five main trend (Red Line) and show you all the details you need to know. it's about minor waves(Blue & Black lines) so after finishing 5th wave, I expect the market to correct. this correction contains three waves. we call it A, B, C A is a downtrend wave. B is up trend wave. C is a downtrend wave. The market started to downtrend from 69k to 15k as A downtrend. at the end of the A wave (15500) we started an uptrend that we know as B. and finally, we have a C downtrend to the support zone. but there is a question, How high can the B wave rise? well, well, well ... let me tell you. we change the timeframe from weekly to daily. so we can see 35500-36000 is a very strong zone that causes to push the price in the previous movement to 69K. at this time we lost this support zone and unfortunately, this support zone converted to a Resistance zone.it's really bad news. I expect the price to retest 32500-33500 and then drop. it means the B wave will be finished. and a new correction wave is beginning. as I told you in the previous analysis we have three strong zones to support the price this first one is 9800-12500 the second one is 7500-8500 and the Third one is 3800-4300 it means the target of the C wave is one of three support zone. and if we close two days below the first support zone with high volume, the next support zone will be active. please pay attention to money management and put stop loss in your trade. I EXPECT YOU TO SHARE THIS ANALYSIS WITH YOUR FRIENDS AND WRITE YOUR COMMENTS BELOW. Thank you so much in advance.
BITSTAMP:BTCUSDShort
by ho3einmnd
1
BTC Cycle Movement Pattern for next levelWhile there has been predictions that BTC is going down when there was a 7% fall on Friday. When we still look at the broader markets and the price action, we can clearly see that bitcoin's price is slowly climbing and we see that investors are lapping on and buying it whenever there is a market fall. In our previous analysis we had predicted that Bitcoin might be range bound before it breaches the 5600-5900 mark and that prediction seems to be working out as the price has climbed back to 5470 at the time of the analysis and the previous fall didn't breach the 0.786 Fibonacci Retracement of ~5200. Also looking at the current price trend the price has reached new highs in a span of 10 days per cycle. This has been true for the last 2 cycles where Bitcoin's price first saw a high of ~5400 on April 14th. If we assume that the cycle started after the first climb around April 4th, so the price climb pattern of high in 10 days was followed closely for the second cycle as well. Where the price high for the second cycle was around April 24. Now going by this analysis we can potentially see something similar where bitcoin might climb to a high and then fall back to the retracement path. Next predictions : Bitcoin might now try to breach the 5900 in the next ten days and might again fall back to 5400 before moving ahead. It might take another cycle before BTC price tries to breach the crucial 6400 path. Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.
BITFINEX:BTCUSD
by SuperCryptoNiteAnalysis
1