spencerlim88

spencerlim88

Earlier some told it is impossible to see 4xk in near future. "Thanks" to Joe Biden’s Tax Rise Reports, here you go. "The logic of the drop states that an important group of investors closed their positions as quickly as possible to avoid paying this staggering tax. The decision seems acceptable considering that Bitcoin would have to rise to $85000 to make up...

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Almost there.

spencerlim88

At the time of writing, the point (2) is still valid, however, once if the price go above point (1) then it means we're otw to the moon. It means that the rise is not over yet, and we're on a rising trend of point (1)

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Earlier was the first to published an idea about BTC is not gonna break ATH 61800 at this point of time, instead will need a price correction before 72k! According to the observation of recent days, it is confirmed to be riding on the price correction wave. It would be a huge retracement according to the principle of elliott wave. However, after a while I've seen...

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Earlier I've shared an Elliott wave analysis chart and mentioned we may on the point (B) position. meanwhile, I've revised the chart, and realised there are 2 possibilities. Note: Please google on the complete elliott waves chart and compare to my draw. 1. Yesterday 2nd April 2021 highest point as a reference, we may on point (1) of the impulse wave. 2....

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Fun facts: 5 waves is formed on BTCEUR pair but not on BTCUSD on this BTCEUR chart, major point (1) and point (4) is not intersect, which is a valid elliott waves. However, the case is different on BTCUSDT pair. The point (4) is dipping below point (1) and so it is invalid. Anyway, BTC seems exhausted at the moment, it failed to break ATH 61800 whereas...

spencerlim88 Updated 

ATH of BTC 61800 is not gonna break yet? Yes, we're still in massive bullish price zone even retrace back to 43000! By applying elliott wave principle to the BTC market, we're currently on point B of the price correction zone. Anyone may share your thought and tell me if i'm wrong? The chart drew according to the guideline of "Elliott wave principle key to...

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Applied descending triangle (thepatternsite.com) can be in any direction but is upward 53% of the time. The median distance to the breakout is 61% to 65% of the way to the triangle apex (where the trendlines join). It may long to 57000-57200 and downward adjustment to 53000 then breakout through 56339 and hit new high of 63000+ *The above chart references an...

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BTC is currently losing the major support of 54300, most probably will attempt to test 53400