Bitcoin probably entered into the correction phase of the wave 2 as the price had hit the 2.272 - 2.618 range of the Wave 1 fib extension. Expecting targets for wave 2 are 29451.8 for a mega run up or if it break below it than expecting to go into one of the fib retracement of this impulse that may be 0.618 (27345.2) and this scenario is the most probable. Also...
Fantom looking promising on log scale. Price was rejected into 1.618 fib extension of an impulse that may be Wave 1 than moved down into a correction that may be an expended flat pattern. The price held an important level from 0.1530. Keeping 0.1642 level and than clearing 0.5468 it may start an impulse that may be the 3rd wave from a bigger degree 5th wave. Hit...
Bitcoin may end soon an impulse that may be a 3rd wave as the price is approaching 1.618 fib extension of an precedent wave that may be wave 1. Key level for the 4th wave retracement is 28676.06 where also we have 0.382 fib retracement of the 3rd wave, if the price will break down I doubt that this trend will continue upwards. keep in mind this!!! I will put...
Litecoin may hit soon 1.618 fib extension to end an impulse that may be the 3rd wave. Pivot point to the 4th wave 83.36, if will break down I doubt that this trend will continue upwards. keep in mind this!!! I will put updates soon as will see more price action!! Hit the like button if you like my analysis and follow me for future updates! Good luck!
Bitcoin still going correctively and we may see further move to the downside to complete the Y wave. Triangle pattern for the X wave if the 26435.81 remains intact. Breaking near-term key level 25385.52 probably will start the move for Y wave. Possible targets for the Y wave remains 0.5 fib retracement where we have 0.618 X vs Y or 0.618 fib retracement where we...
If the correction WXY (black bubbles) is over than we may start to push higher. We may have an wave 1 started from 25364.8 and ended at 27394.4 to start an impulse to the upside. Price bounced on 0.618 fib retracement of this wave 1 and probably completed wave 2 at 23119.5. If this count is correct we may see for move to the upside if the price break above 26968.0...
Price on Bitcoin still into a down trend (red channel) that may be a corrective pattern, complex correction WXY(black count). As I mentioned in the previous count (see the related idea) we started to go to the downside after price was rejected into the 0.5 (28430) fib retracement of the X wave. The correction may end at the 0.5 (23255) fib retracement of the all...
Bitcoin going up with an impulse? Probably as we have 4th waves (red count) now but is this impulse something to build more upside move or we have the end of an extended flat correction(blue count)?! I am expecting price to reach 29000 zone with the 5th wave and than probably will do a correction. If the price will keep 27500 level (red line) from there it must...
Bitcoin may go upside to retest 30000 USD price level with an X wave being an extended flat correction (abc blue count). The volume on daily time frame remains weak and with the price below 300000 k level those things may turn the price down for an Y wave(black bubbles count). I am watching fib retracement levels of the first WXY (blue count) and 0.764 may be a...
Price action didn`t changed too much from my last analysis ( see the related idea). After a break below 26525 price recovered this level and now is acting like support. Price rejected 2 times by the median channel line (red channel). Important resistance 0.5 fib retracement of the last swing down if it break it price may reach 30000 level again. A break below...
AVAX is trading now into an important support zone. If the price will go impulsive up I wont see this good as it will make an abc (blue count) flat correction for a wave B from a flat correction at a bigger degree (red count) that will turn de price down again. All I want too see is to break now this support zone ( at least under 13.864 level, previously low) to...
Bitcoin price still can be counted as a sideway move (down red channel) as the price hits 1:1 proportion W vs Y of a possible WXY correction for a wave 2. Price still stay into an up channel(green channel) of a possible impulse ended at 31050. For wave 2 I think is still early to be ended as the price did not hit even 0.382 fib retracement of this up move and the...
Bitcoin price bounced after publishing CPI index and this favors a June month without FED changing the rate. As I said previously if the price keep up the 0.382 fib retracement we may continue with a 5th wave to the upside. Probably we have a Triangle consolidation for 4th wave (blue triangle) and is very logical after wave 2 being an extended flat from the rules...
At this moment this up trend is looking only as a correction ABC (red count) rejected at 1.272 fib extension A vs C. We may have a continuation with this count if we are turning to the downside with a complex correction (blue count) with X wave being a triangle that is looking very well. Volume is weak so we may see soon a move to the downside for a Y wave that...
If Bitcoion can keep 27000 level we may see a consolidation triangle for a 4th wave and than go up with a 5th wave. Also we are above 0.382 fib retracement level of this possible wave 3. Good luck!
I think Bitcoin needs a deeper correction to move higher. WXY correction on the table if this is not the beginning of something bigger to the downside. As we stay above 19568 it may use last impulse (C wave in my count) to go higher. Other important levels 26935 and 24050. Good luck!
Bitcoin may fall down in 5 waves and this is not good! Probably we had an ABC zigzag correction to the upside with wave C hitting 1.272 fib extension (31050) of wave A with wave B an extended flat correction. Probably wave 3 from this move to the downside that started from 31050 zone is ended and we may see a correction to the upside for wave 4 into 0.382 - 0.5...
Bitcoin going up with a V shape recovery what I think it may be a 5th sub wave of a 3rd wave from a C or 3 bigger degree (watch related idea). Nice impulse here with 5th wave being extended wave after an equality between 1 and 3. The correction may end into the 0.5 fib retracement area where we have the 4th wave and than probably will start a 3rd wave up. I will...