So... How are you doing with last years analysis on BTC guys? and say hello to our friend @dumitru_c who told us in comments that "... all patterns are misspelled .... everything is wrong in this analysis only the trend line is correct..." hello mate I wish you have learnt elliot in the past few month. so guys. wait for update. I think its time to focus deeply in...
Hey Guys... It seems you are riding nicely down with my last year BTC analysis. I don't want to explain Further but just be aware of some classic insights that it might be completion of wave 3. Don't act in rush if you happen to see any sharp movement towards up. you might be hunted by the killer 5. waiting to hug BTC around 11. so looooong... stay tuned.
so... according to the last post in my page we have reached the critical decision point for the price to decide and choose its way here is the possible movements scenarios in next steps and the final move through the trend line will be the end point of the last elliot analysis post which i attached this post to.
According to December 28th analysis BTC is going down to fill the first gap but there still are tow gaps that hasn't been filled before and are in the way of the down trend just about 5% below the first gap will be filled and it may continues to fall for the second and the third (That currently i don't expect that) but if the market decides to change the way it...
as i said before if the price breaks the critical area and goes above it we could temporarily exit the market now its done and btcdom goes to retrace a little if it happen to break the critical area again, its the time to enter the market but if the retrace ends in this point as i prefer i will wait for a good retrace in the market i mentioned in btc chart it...
here's an individual idea on Solana... i think it will see the support area and is a good opportunity to buy may this analysis fail by the price touching through the 160$ level as indicated as invalidation level on chart #trade_on_-_-your-_-_own_responsibility watch bitcoin too when you decide to buy #futures guy also can open long with a 10X lv. and have a 102$...
Wait for the move in the area. add it to your watch list
Update on last post all targets hit tow main gaps remaining mention that the market could meet higher goals before reaching these areas stay tuned
just like bitcoin, ETH has a Gap just a little below. The price might go to touch the area around 2000$$. depending on how the market react to the area it might go further down or reveres from the area. lets see what happens. its no a trading area. the chart should be checked again if the price reaches the zone.
there could be a movement like this mention that timing of analysis is a different subject and this is just an opinion some waves could have alternatives that i did not show in this chart there could be some differences between the end point of wave 5 of the big 3 and this could totally change to a three wave movement stay sharp to catch the wave and do not trade...
Bulls Are dying.... not good symptons of market behavorial movements. stay Tuned. Trade in Safe sade of the lines and hedge to manage your risk.
finally the price has made the pattern exactly to the point >>> 0.882 fib + channel midline with a little retrace I expect the market to squeeze a little in the area or pull up to the first resistance point (check BTC CME and BTCUSDT analysis in my profile, i will link it below) so wait to see if its rush into the new ath or falls below the neckline.
we should wait for the correction to complete. lets see if it can change the trend for short term or not. invalidation level 95.861
after touching CME gap there might be a price jump to the critical white line. 0.882 fib is the key level around 31900. next move should be checked again. be careful and do not enter spot in fake bull runs. unless you see a good price formation for starting a uptrend and fixation know that every bullish move is a correction and impulses are in downtrend. watchout!
there are too many clusters and squeeze of levels just below this head and shoulder neckline right between 37 and 34K watch out for sudden midnight whales rushes to buy the dips.