It seems that the bit is in the re-accumulation phase. According to Wyckoff's model, after a growth phase, the price is placed in this phase and continues to increase again. Pay attention to the Wyckoff accumulation pattern, trading is very complicated and the stop phase is boring, it is better to wait for the market direction according to the pattern.
The structure of the market and the scenario facing Bitcoin in the next one year can be done according to the chart. This is just speculation. The market is completely dynamic. There is nothing absolute in it. The past in the chart can be repeated, but not necessarily and always.
Bitcoin dominance is completing a cycle of five Elliott waves. After the end of this cycle, a deep correction is not out of mind. With the decline of this symbol, liquidity will enter other altcoins.
The Ethereum-Bitcoin currency pair is seen in a re-accumulation position based on the Wyckoff pattern. Expect a good growth in Ethereum.
My long term view for this currency, waiting for this type of market movements is not out of mind, please have capital management because digital currencies are very volatile, buy in steps to hold, your average dollar purchase with steps Entering the market is highly optimized. And the risk-to-reward ratio gives you a good chance to survive in the market and be...
The structure of the market for ethereum in the form of channels and Elliott waves in the long term shows that ethereum can record new ceilings in the coming year, I imagine the fractal movement according to the shape.
Elliott's five-wave cycle is being completed, and the Fibonacci ratio can be seen between the waves. The price target of around $9 can be reached for it in the form of a bull run in the cryptocurrency market.
The prediction of the price movement of this coin from observing and examining the correctional pattern of the coin shows that this coin can have an upward impulse movement. It is expected that the trend will start after the completion of the correctional pattern. Keep in mind that sometimes, the collection process can be done in this area.
In the four-hour time frame, Bitcoin acted exactly on Elliott waves and increased with five waves according to the figure, this wave represents an impulse wave, and it is very likely that the previous floor will be maintained. We should wait for a powerful 3rd wave. On the other hand, there is a very important gap in the range of $58,000, which is very likely to...