After a brief study on the CRYPTOCAP:BTC market against USDT, It looks like price will fall back into the $65,000 price range and could most likely continue to fall below $65000 in the coming week
Studying the chart pattern, I noticed that there is a 5th Elliot wave to be completed, but could it push price through the resistance?
Based on the chart analysis and pattern, I’m led to believe that CRYPTOCAP:BTC price might plummet to the $20000 price. Fingers crossed
Here are my two expectations for the price of AAVEUSDT in the coming weeks
This is what I’m expecting in the coming weeks. Price either stays strong on this current support or it breaks down to find a new support
TSX:FIL is forming an head and shoulders pattern and this could cause a huge rally upwards by many percentage. DYOR
Ethereum broke a very significant resistance and it’s forming an harmonic pattern to rally for about 100%
I strongly believe in a quick 10% move upwards. Considering the chart pattern. Do your own research
I think that BTC is falling back to $21000 price considering the wave motion.
Any one of these should play out. A reversal, breakout and continuation or a breakout and reversal
LETS SEE HOW THIS PLAYS OUT ACKNOWLEDGING THE DOUBLE BOTTOM ON THE 4H CHART
The down channel has been broken to the upside on a strong support area. We see on the chart how price gave us a double bottom on a support area.
NICE REJECTION, SO PRICE WILL LIKELY BOUNCE BACK OUT OF THE CHANNEL TO CONTINUE ITS UPWARD TREND.
WE WILL SEE BTC GET UP TO 12300 AGAIN. IF YOU CHICKENED OUT AFTER THE TEMPORARY BEARISH, YOU LOST. PRICE IS NOW BACK INTO THE CHANNEL AND WE CAN EXPECT PRICE TO GET TO THE ROOF OF THE CHANNEL.
APPROACHING STRONG SUPPORT AREA AND COMPLETION OF A HARMONIC PATTERN
CATCH THIS PAIR ON IT SOON 20% MOVE. FUTURES TRADERS CAN TAKE ADVANTAGE OF 5% MOVE.