BLX Global Final View - BTC - $1 000 000 ?According to Wave Theory:
In the impulses of a wave of the same degree, channelization is observed
2 wave is most often a zigzag
2 wave is most often a deep correction
3 wave equals 1.618*1 wave.
The 3rd wave is the most powerful
4 wave is most often flat according to the rules of alternation
5 wave is mostly equal to 1 wave
BUT
Bitcoin is a commodity market
And in commodity markets, the 5th wave is most often extended.
At what price will YOU exit?
Phoenix_gruppe
BTC Dominance ~ 57%After years of falling dominance Bitcoin is heading into a correction, gradually reclaiming it back.
The trend is holding in an ascending channel - this is positive
At the moment, there is one more division left - the 5th wave
The Fibonacci retracement to the plum is about 50%
The target is 57%.
Perhaps there is another subdivision lurking at the beginning of the trend - but we will talk about it after this target is reached.
SOLUSD Next Move ~$200+ After reaching the $185 mark, Solanium headed for a correction.
Within the channel there was a decline to the lower boundary
The 4th wave basically always comes in the range of the 4th wave of a smaller degree
The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range
According to the wave theory, all the necessary conditions for correction have been met and Solanium is most likely moving within the 5th wave to the $200+ mark
BTCUSD Next Move ~$75kAfter reaching the $68k mark, Bitcoin headed for a correction.
Within the channel there was a decline to the lower boundary
The 4th wave basically always comes in the range of the 4th wave of a smaller degree
The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range
According to the wave theory, all the necessary conditions for correction have been met and Bitcoin is most likely moving within the 5th wave to the $75k mark
BTCUSD $100k SOON and Maybe More $-)For more than a year and a half there has been an uptrend on the leading cryptocurrency Bitcoin. according to the laws of Wave Theory, after the regular flat wave 2 there was a wave 3, and it was followed by a correction in the form of a zigzag in wave 4, as it is supposed to alternate. The channeling and Fibonacci proportions are also observed. We are left with a 5 final wave, which can take Bitcoin to new ATH
USDRUB ~ 118After strong strengthening, the ruble again went looking for a bottom, which it does not have. At the moment of the high, near the top, the Central Bank of Erafia introduced a spread of about 30 rubles, so the top should be considered ~ 158
Taking into account that the correction started with an impulse, according to the Wave Theory this is only the first part of the zigzag called A.
The nearest reversal level is ~ 103
Strong reversal range ~ 114-118.