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Cryptoworld

BTC price $26K - $34K BTC broke out of the accumulation and showed an aggressive way up. This was to be expected. Now I see three scenarios: 1. A further compression and reaching the range of 32-34 thousands, from which the sales can go and put BTC into accumulation, gain strength and continue moving up with the targets ~$40k. 2. A retest of the breakout level, where BTC showed growth and also formed an imbalance, somewhere near the end of the week (followed by a quick redemption). 3. Weakness of the buyer, uncertainty of the market, and everyone's favorite FUD. Unsuccessful upward breakout, leaving below $28.5k will confirm a (short-term) deep correction.
by metruch
Before $100K Bitcoin Looks to Establish Support Below $30K!I've bumped my head against the monitor for the past 1 1/2 weeks, trying to find a valid, good looking Elliott Wave count for Bitcoin. I'm happy to say that I've established an outlook that's very much fitting, according to historical price action and proper Elliott Wave count. In times past, nobody has believed in the Big Crypto Reset more than I but as of now, I'll be the loudest to say that $20K will not break again (at least for the next 5-10 years). Assuming we're in Wave 4 of the 5th Wave of the Big 3rd Wave, a revisit to low $20Ks is soon to come in an Extended Flat correction. Wave 5 of the 3rd Wave will take us beyond $120K. *The drop to $20K can be considered invalid if we see $60K before then. *The pump to $100K may be inaccurate if $20K breaks on the next drop. See here for my analysis of the current position...
BITFINEX:BTCUSD
by DigitalSurfTrading
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