Appears to have started a good move; subject to good market conditions and Bitcoin stabilization. It seems that wave 4 of the correction phase is now completed and by staying within the ascending channel, can reach for higher targets in form of wave 5. Stop-Loss at 0.00078
After the breakout from the descending trendline, has completed the reverse head and shoulders pattern... By maintaining the green ascending trendline, Bitcoin can rise upto 8200 and by reaching this target we can confirm the overall uptrend.
By continuing the uptrend, the above mentioned scenario can happen. After crossing 9000, #BTC has the potential to reach for 15K and above in the next few months!
Resistances @ 7400 & 7800 Supports @ 7100 & 6900 Bitcoin is currently moving in a descending channel and earlier today we had a rise in demand and a good return. An important resistance is at 7400; if #BTC can stabilize above this resistance, we can expect a lower high. But in general if we cross 7800 resistance level we can confirm a new...
Is sitting on top of the ascending trend line hence we can expect Tron to rise again. Apart from that #Trx is currently completing the last microwaves of wave 4. So we can expect the move to start after completing those last microwaves. Entry around 800 region is recommended.
Hello everyone whats up ? Although I've said before In terms of Elliot Waves , the structure is complex But nevertheless It seems to be completing the final microwave of correction ... in other way Indicators are also in a state of saturation and positive divergence Selling at current prices is not logical my suggestion is to wait for the price back ...
Bitcoin entered the E wave correction after rising upto 10,000. Although it had a complex and triple three combination in place, but after touching 50% and 61% Fibonacci; we had a good return as expected and Descending trend has also broken. This region can be the end of the E and a start for the bullish rally, but must also be able to cross the major...
End of correction the big triangle... The wave “Z” can appear as a triangle... I guess that for the final part of the correction we will see the triangle... Zigzag + x + zigzag + x + triangle If it does not stabilize above 8400, it may fall back to 8000 range to complete this triangle. In this case entry is recommended before it reaches 8000 price point.
If you remember the big forecast around a couple of months ago; We can see that #BTC is about to complete the wave “E” of the triangle in 4H Time-Frame. We had a #Triple_Three_Combination in wave “E” and it was hard to foresee the market movements but the overall scenario is still valid. After #BTC completes the pattern in wave “E” at the support region; I...
The 2 above mentioned charts are our old analysis for #BTC in higher time-frames which show the overall Bitcoin movements. Bitcoin moved from 6500 upto 10K namely wave “D” and entered wave “E” correction wave which was the ending for the triangle... Last wave of the triangle may complete at 50% and 61% Fibonacci levels and start with an uptrend. In the next...