Moiseiev
BITCOIN price Prediction in 2020 Year, BTC in Big Channel Friends, please at first, support this idea with your Like and any Comment, thanks.
Reasons:
- Price in Big Downward Channel
- Wave A = 85 % correction
- Key Level is 2000 $
- Wave B = 85% correction like wave A, it's coincide with bottom part of downward channel and Key Level
- From Key Level 2k price can start new strong bull run with targets above 20k USD
- Always do your own research
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Reversal falling wedge on BTCUSD with raise potential up to 11kAs for BTC I see the following situation, everyone is waiting for a breakout of 6000 and a trip to 3-4k for the whole deposit buy.
A large player needs people to lose their money, this is the way they can make money.
Accordingly, it is not profitable for him to fulfill the expectations of the crowd.
But it will be profitable to take stop orders in the range of $ 6,425-5,920, which will allow him to gain a large position, to drop all those who want to sell their BTC and then pull us to 11-13k.
In support of this, a "descending wedge" figure is drawn on the chart, which in the classical TA is reversal.
Thus, a large player can earn by taking money from other market players.
Also, the following situation may arise, a large player will not be able to absorb all the liquidity of stop orders that are in the above range, which will lead to a strong price reduction.
But if such an option happens, I think we will see a very fast buyback with bullish takeover and very large volumes, which indicates a market turn.
This is my opinion about the market for the near future, I will be grateful if you share this idea with other people.
I wish you profitable trades.
Bitcoin Elliott Waves, Pre HistoricKind time of days friends)
At the moment we are in the 4th wave of a super cycle on the Elliott wave theory. The end of the 4th wave, I expect in the range of 3-5k for one BTC.
By Fibo you can see the nearest goals of the 5th wave of the super cycle, this is 30-70k. After that, a strong correction will follow, which will last for several years.
So we are waiting for 30k already in 2019 :)
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Sorry for my english)