2/2
I expect the "bounce rally" to reach "monthly imbalance box" and get rejected. The #btcusdt correction might be completed at around 45K levels which is 0.618/golden ratio.
Time will tell if the correction is already over, or if #btc will have another bottom.
1/2
Update on #btcusd "expanding leading diagonal" primary count. #btc bounced from 50% retracement which is also the support (resistance of March-October 2021 turned to support)
But, it doesnt look like a properly completed correction.
👉check 2/2
Update on my #Elliottwave expanding leading diagonal theory. We saw a reaction after reaching 50% retracement. Currently the correction doesn't have the right look, so I expect #BTCUSD to have a rally upto $80K-90K and another drop down to complete the Wave2 or B correction.
Update on #BTCUSDT price action; it seems like 5 waves of the expanding leading diag. have been completed.
Now it's time for a correction. 1st target (50% retracement) is around $63K levels. We'll see if there will be any reaction at those levels, or are we going to golden ratio?
Yet another update on my expanded leading diagonal theory. #BTCUSDT had a reaction from the trendline but I still hope that the last leg will extend the trend line which is kind of typical for expanding leading diagonals.
#BTCUSD
Yet another update on my expanded leading diagonal theory. #BTCUSDT had a reaction from the trendline but I still hope that the last leg will extend the trend line which is kind of typical for expanding leading diagonals.
#BTCUSD
Just wanted to try an alternative #Elliottwave#Macro count on #BTCUSD strictly basis arithmetic chart.
The most reasonable idea that I came up with was a "leading expanding diagonal"
This count predicts tt #Bitcoin is on the last impulsive wave (C) of the 5th wave. 🤔
Just wanted to try an alternative #Elliottwave#Macro count on #BTCUSD strictly basis arithmetic chart.
The most reasonable idea that I came up with was a "leading expanding diagonal"
This count predicts tt #Bitcoin is on the last impulsive wave (C) of the 5th wave. 🤔
The angle may change when you zoom in&out but the proportion should give the same result. Taking the fib retracement from each cycle top to bottom; each cycle top lays between 2.272-2.414; based on this fib result and our 8° trend; current $btc cycle's top may arrive by Jul 2024
🚨#elliottwave Update🚨
My primary count shows that we are making the 5th wave for the first upper degree minor wave #1. After that I expect a 2nd wave and then....🚀
#BTCUSDT#BullMarket#BullishAF
As long as #BTC keeps moving up in this channel, I would consider it as an ABC:"upward corrective move". In order to stay #bullish , #BTCUSD should break the channel upwards.
(The reaction of yesterday from the middle of the channel kind of supports the validity of the channel)
Here is an update on the #bullish wedge formation which I shared in September 2023
We may consider a bullish flag formation in between which also has a target of about $198K #BTC
As long as #BTC keeps moving up in this channel, I would consider it as an ABC:"upward corrective move". In order to stay #bullish , #BTCUSD should break the channel upwards.
(The reaction of yesterday from the middle of the channel kind of supports the validity of the channel)
Further to my lat update on this chart; there is an ongoing fight between the resistance and support on the #btc / M2 Money Stock for the last 5 months. IMO, the Chart favours the Bulls but we'll see...
This chart shows the #BTC value by the M2 Money Stock.
What's interesting here is:
#bitcoinprice tested 2018 high in June 2021 bottom & tested the 2019 rally high in June 2022. We'll eventually test the top before the pandemic drop and let's see if #Bitcoin will hold this time.
2) See the current view of the count: approaching to the high end of the channel where I expect $btc to make a decision. If we see a harsh rejection, I assume #BTC may go down to the daily imbalance: target abt $12K-$12,7K
Otherwise, #Bullish sentiment and #FOMO will continue
I just wanted to share an update on the #Bearish count as we are approaching to the levels where #BTC will decide on what to do:
1) See my last update on this bearish #BTCUSD count on 25th of Jan where $btc was creating an expanded flat X move.
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Kazananlar🗓 19.04.2023 tarihinde açıklanacaktır.