Waves
[10/11] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
Bitcoin analysis today.
I will brief you on the movements seen from the 20.4k high.
The shape that came down first is not very strong, and the two-wave return in the front part is too deep, so the probability of an impulse does not seem very high, but it seems to be the most likely in the current section.
It is a wave that falls with a total of five waves, with 3-1 appearing as a leading diagnostic (the volume of transactions in the section also gradually decreasing), and relatively strong trading volume falling at 3-3 waves.
We then closed the three waves with a 19.2k low, which is 1.618 digits of one wave length, which is the canonical ratio of impulse wave motion in Elliott wave theory.
Since then, it has risen to around 19.6k with 4 waves abc and is now seen as falling to 5 waves.
According to Elliott's wave theory, the length of one wave and five waves is often 1:1, which could fall to around 18.8k.
After that, the probability of rising in the form of abc waves seems high.
Nifty 50 As Predicted Wave BBased on my previous chart nifty currently running close to 17000, as I mention on WAVE B will be 0.382 retrace based on previous Trend Based Fib Ext . Hope you traders will like it. I am very new to posting here so Don't forget to boost please, It will help to build some reputation here. Thanks for viewing and also thanks who liked my previous charts.
Potential Bitcoin buying opportunitieshello traders
My plan for bitcoin if the 4-hour candle is closed above the level of 19609.34 I will buy to target the level of 20084.20, then I will wait for the sellers’ reaction and if I get another opportunity to buy it will be to target the level of 20451.18
Gold is under control the bears until this level is brokenhello traders
Gold is under the control of the bears until it breaks the level of 1700.500
The reason is that we have an increase in selling momentum and the recent rise was somewhat corrective and a distribution process occurred and there is no strong reaction from buyers, so I expect the price to drop to a price level of at least 1700.500
VZ daily bullish hammer wave 4 of downtrendOrder BUY VZ NYSE Stop 39.72 LMT 39.72 will be automatically canceled at 20230401 01:00:00 EST
VZ daily bullish hammer wave 4 of downtrend closing above local trendline. Expect push into 50% Fibopnacci retracement. Countertrend and earnings are close. Super quick.