TBH unexpected drop to 40.3k level, I was expecting 42.2k retest if holds next target 50/52k area, situation slightly changes after returning to 40k level. In my opinion 43k retest should fail and back to 40.2k level for confirmation and potential rises till 43.5k again Good opportunity SHORT / LONG
let's see how history will repeat? final leg down, before new ATH in 2024-25
Testing 30k level If BTC does not break main - orange- trendline, this could be another way down to min level of 26.2 - 25.8k Fibbonaci 1.618 Elliot waves Ribbon
on weekly time frame, I am still considering we are on bearish trendline - major trendline support - broken back to the week on 17th of January, BTC still struggling to got back above this trendline 47.5 / 48.5k area with confirmed candle closed above. Also looks like perfect example of BEAR FLAG forming recently. Looking also from combination of Elliot waves...
BNB looking for small bounce back and retest of previous support / which became resistance with Trend base Fibonacci / MA50 / MA200 combination
combination of Elliott waves & Fibonacci retracement if BTC will bounce from 48.5 - 49.5k area I am personally expect path as on the chart with minimum result for 85k (DEC21 / JAN22)
BTCUSD 1D chart showing me that we are close to repeat leg down as from previous months. Yesterday on the 1M (monthly) candle for many looking promising pump with nearly 6k up straight on the 1st of October, personally I am not expecting higher then 49.5 / 50k touch then drop to 24-26k range in a matter of weeks. Training purposes only, please don't treat that...
I love to see similar story repeating / so far play exactly as expected after previous ATH 65k in my opinion we are going down as low as 12k still possible / definitely 18 - 19k on table (as you can see those 2 red weekly candles) RSI - sharply down since previous ATH, and currently below 50 level on weekly chart
if this bullish flag on weekly chart will hold, lovely path to reach those targets easy.
cycle likes to repeat and I got strong feeling that we are in sort of this movement going forward
from previous analysis, we are still on good bullish trend 5 Elliott wave possibly on the way 1.618 Fibonacci (1.48/1.49)
good healthy correction, before any new bullish trend
combination of Trend-Based Fib Extension with trend lines + RSI. looking promising to reach this target in next few weeks
quick update regarding to previous analysis we are still in bullish trend no doubt wherever, keeping in range still in play and i n my opinion 12345 Elliott Waves patent, combination with Fibonacci retracement and trend lines could give me and hopefully others better understanding of where we potentially are currently :) I believe we still have to close /...