The ending diagonal would explain this weird impulse wave structure. Everyone expected this last cycle wave to be 5-3-5-3-5-3 that would take us way above $100K but this does not fit to what we are seeing now on our charts unless we consider this wave to be the ending diagonal. This would finally take us above 100K and could be counted as 3-3-3-3-3-3. If this...
According to the Tradingview Bitcoin all time history index we are in the very macro ascending channel. Based on the PA of previous two cycles bottom I created 2 scenarios of current bottom. The first idea is we will be ranging between two averages EMA 21 weekly and EMA 200 weekly until capitulation that would bring us levels of $20K. The other idea is that...
I think we now do bigger degree WXY (double three) correction on DXY . We should soon start building wave Y so bigger retrace is ahead of us.
There is not much to explain. I think we may do a big leading diagonal since 2010 that may be finished Q4 next year. We may get to the level of $200K - $300K. I also put there a prediction of very future waves 2 and 3 but please treat it very loosely.
Hi there. I think we are starting new impulse here and are just about to finish 1st wave which is a leading diagonal that will soon retrace to 0.6 or 0.7 fibo levels.
Hi there, this is what may happen soon. 1. We are in the same parallel channel that we were in 2016. Once it got broken the last bull run was started. 2. I added the prediction based on the past price action from 2016 but do not expect the future price action look 100% same.
Hi, this time bullish perspective. I checked correlation of BTC and DXY price action and what wasn't surprise for me was that they are inversely correlated. What was interesting is that the most part of BTC upward move took place during relatively small DXY correction and if the history repeats another such correction is around the corder which would result...
My prediction bases on analysis of BTC ABC correction fractal, current price action, resistances levels, EW waves and EMA 21 Daily. All of this is telling me small pull back before another attack on 11K. This scenario is invalidated if we break and find support above 10800.
Details: Considering big correction started in 2017 I used to have problem to connect candle tops/bottoms the way to build perfect ABCDE triangle which is what most of you do. I always thought there is something wrong with it and yesterday I found pretty similar fractal reviewing DXY chart. To me it looks like we may be during ABC correction which later may but...
On the weekly chart we have a MACD death cross and two previous such cases happened at the beginning of big dumps so is the same going to happen again? I put EMA Ribbon on my chart and fibo retracements to get a better look at what may happen soon. I also added future candles prediction based on dump from June 2019. This chart predicts the bottom being around $7000 - $7400