based on 2014 history, breaking down 6k is a bad move. which one will be bottom? 3k,1,8k, or 0 ?
Another possible case when blue zone holding, which means 5 was in
Breaking blue zone means 5 was not in yet, otherwise breaking redline will invalidate this count
If its break 3,2 long around 3070-2850, Target 4,6-5,2
Hello, Considering about some classic pattern, this possible what happen next when our strong support broken (5,8-6k) for BTC on weekly timeframe we can see that we have many resistance above us, we can forget about this case when we can break 7,5 + i will post proper EW count when structure already clear. not (long) trading zone around 6800-7000 for this...
possible test new support or go straight to next resist. new support is red zone in chart below,
From previous analysis, current area is our first buy zone. in this chart below. there is no strong impulse to prove that its a wave 4. so lets assume current impulse is the wave 4 and lift off some in this area (mini redzone triangle) till we reach the first rocket :D. Either we break 1555 satoshi to confirm we break this ending diagonal pattern aiming 3 TP zone .
Hello guys, in this chart below, sadly bitcoin looks like following 5k case for short term tf. we can invalidate this count if we can go above 8,5 possible new low according fibs: 1. 5354 (20%) 2. 4791 (30%) 3. 4077 (50%) this is last waves development till now that you can follow
Sl when the triangle break and flip to long. TP 1 : 6950 TP 2 : 6550 SL : 7750 this rally has probability to finish around 7,4 -7,6