yozr23361

yozr23361

looking awful --------------------------------------

yozr23361

Free fall to 32k --- Any trend under 55k is bearish.

yozr23361 Updated 

as a possibility --------------------------------------

yozr23361 Updated 

as a possibility ----------------------------------

yozr23361

as a possibility ----------------------------------

yozr23361 Updated 

as a possibility ---------------------------------------------

yozr23361 Updated 

If you have ever looked at the chart, you will see that the end of the first wave is 13870, so according to the Elliott and Fibonacci ratios, we can do a fib extension from the beginning to the end of wave 1 to find the top of the third wave, and as it is clear the third wave has expanded more than the ratio of 1.618 at 57698 so the fifth wave will eventually rise...

yozr23361

What a weird similarity exists between 2017 cycle and current cycle, as you see at the chart corrections are the same why top cycles shouldn't be the same?? at least technically can hit 300K. always do your own research

yozr23361

Basic tenets of Dow theory: 1. The market has three movements (1) The "main movement", primary movement or major trend may last from less than a year to several years. It can be bullish or bearish. (2) The "medium swing", secondary reaction or intermediate reaction may last from ten days to three months and generally retraces from 33% to 66%...

yozr23361

After a massive rally from March 2020 until January 2021 obviously we see declining in volume at Weekly time frame and based on Dow Theory after a accumulation phase and a uptrend we can expect a distribution phase unless main Resistance that is between 54-61k be broken strongly. if price stays under 43k i guess finally we will loss 28-32k support area so main...

yozr23361 Updated 

i guess correction phase must be over by may 2022 or a little sooner and an uptrend will start till august 2023 with probably 400k target. dyor

yozr23361 Updated 

i think this will happen soon, always do your own research..

yozr23361 Updated 

Most of time i have seen in macro perspectives that Wave 2 is a Zigzag and wave 4 can be in two form Flat or Triangle, so at this trend this is very clear that we have a Triangle correction form and if my elliott wave counting be true wave 5 can hit target range between 80-120K maximum by August or September. not financial advice..

yozr23361 Updated 

Be careful we are faced with a Triple Top pattern with target range about 68-72K. if a fall occurs there we have two main support area first 20000$ if can't hold very likely we will see 7000$ Not financial advice

yozr23361

i do not think this is a bearish structure! if a trend under 28k happen 20k isn't bottom and very likely we will see 6k per coin.

yozr23361 Updated 

another possibility i think may happen very likely based on my elliott wave counting, i want to leave market when priced reached in range of 81-85K always do your own research.

yozr23361

This is one of my old charts and seems very good so i decided to republish it. not financial advice

yozr23361

price always has shown an increase above fib 1.414 therefore 156-166k seems more reasonable for me but i still think a strong resistance exist near 80-85k. not financial advice