Get started

Waves

[10/24] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis It hit a low of 18650 on the 21st, and rose to around 197 with a rebound this morning. We see three directions on the Elliott wave, and I'll start with the first red perspective. Red - less than C I think ABC started from 18.1k. From 18.1k to 19.8k, the A wave, and after the B wave fell, the C wave rose by nearly 0.618 (61.8%) of the A wave We are also considering this view because the buying trend is weaker than other zigzag waves, so the C wave may have been shorter. From this point of view, strong downward fluctuations can begin, starting with the 19.7k high. *When this view is discarded - If it exceeds 19.7k again, this view is abolished! Standard ABC Zigzag 18.1k ~ 19.8k : A 19.8k ~ 18.6k : B (abc) C-wave rise is underway from 18.6k. In this case, we will go to pierce 19.7k, the high point formed at dawn, and it seems that it can rise to 20.4k, where the ratio of A to C is 1:1. *When this view is discarded - 18650 When it is breached, it is discarded! Convergence - abcde triangle It's a view that it's converging from 18.1k. It is moving within a triangular convergence, meeting the trading volume conditions of the triangular convergence (the trading volume must gradually decrease). So far, a, b, c have appeared, and the direction is likely to come out after d, e waves. If you can't break through 19.7k and rebound around 19k, the convergence perspective is likely. *When this view is discarded - Peggy if one of the top and bottom of convergence is pierced immediately without support or resistance + The 19k to 19.2k section is the selling point that has been formed for the past few days. Currently, it is located above the sales floor, so I think that seat will be the support section.
by BeastTrading_Sehyun
2
Possible Downside to Bitcoinhello traders Bitcoin is still inside the wall of sellers and it is possible that we will get another bearish impulse wave, so we are now looking to sell, but there are conditions for executing a sell trade First, the level of 19858.98 is not broken Breaking the last wall of buyers, and the reaction of buyers after the break is corrective, and sellers also overcome it If these conditions are met, a sell trade will be executed to target the level 18568.12
Short
by ARABTRADERX45
9
Waves the clam before the Storm As such, the falling wedge can be explained as the “calm before the storm”. The consolidation phase is used by the buyers to regroup and attract new buying interest, which will be used to defeat the bears and push the price action further higher. Hence, a falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.
WLong
by vel007u
1