Special Technical Analysis for Bitcoin, Beyond of there
Hello guys, in today Saturday, I will going to share you my expectative and what Bitcoin price do.
So, let's start it:
So, firslly, Bitcoin in monthly timeframe are into the grant zone of simetric triangle from a bubble of December 2017 when Bitcoin reach the mark of near of $20,000 USD, and so, we are in the elliot correction zone of the D, and this D it's reperesent a possible movement contrary, in that case is down trend. si, prepare of what do Bitocin do.
So, this is a many reason that i publish in my text in screenshoot, so read it above!!!
So, in this screenshoot, we are in the highly possibility that Bitcoin drop the price in this zone mark a red, indication a possible sell it in the zone of $10,000 USD to continue the theory of the simetric triangle.
And so, in Daily timeframe, we are in the elliot wave # 4 into the simetric triangle, but into the simetric triangle we have a elliot wave correction or accumulation ABCDE. So, look below of there.
Look in this screenshoot what condicitons and structure of market we are, many people say that Bitcoin it's need to sell it at $9,600 USD, and so the short term we can to to go the moon when Bitcoin leave at $9,000 USD to buy in that zone and later, to continue the final elliot wave cycle # 5 and find up at the target profit at $11,310 USD, but beware, any thing, because I exaclty say that Bitcoin it's also in the highly zone in weekly simetric triangle or monthly what we can wartching so better., because in any case that Bitcoin break up the simetric triangle and later amke a fake movement to believe that Bitcoin going to find up the target of $!1,300 USD based in the theory of elliot waves, se can see a possible scenario of maniu;ation zone and there Bitcoin don't can leave at the zone of $11k. So, as trader we need to prepare in this case the hide of the institutionals and trap of bull if you long it, because other possible target in that case in bearish trend is $7, 624 USD.
But, remember ,we are in the elliot wave cycle, and I proyet a possible up of Bitcoin price at $11,310 USD and I compare the proyection of elliot waves # 1 that was a up of 46%, and there are my proyection, but beware on this case if Bitcoin drop, so, please take confirmation in your mind and know use the indicators and price action, are the key of success.
So, in summary, I going in long, because Bitcoin is the grant money kind that I know and I see that it's deflaccionary, so, the bull rally it's comming soon, IF Bitcoin break up the simetric triangle and break up more later the strong resistance at $10,600 USD and pass the $11,000 USD for the next week, so, the sentiment of this market are strongest bullish.
So, let's start it:
So, firslly, Bitcoin in monthly timeframe are into the grant zone of simetric triangle from a bubble of December 2017 when Bitcoin reach the mark of near of $20,000 USD, and so, we are in the elliot correction zone of the D, and this D it's reperesent a possible movement contrary, in that case is down trend. si, prepare of what do Bitocin do.
So, this is a many reason that i publish in my text in screenshoot, so read it above!!!
So, in this screenshoot, we are in the highly possibility that Bitcoin drop the price in this zone mark a red, indication a possible sell it in the zone of $10,000 USD to continue the theory of the simetric triangle.
And so, in Daily timeframe, we are in the elliot wave # 4 into the simetric triangle, but into the simetric triangle we have a elliot wave correction or accumulation ABCDE. So, look below of there.
Look in this screenshoot what condicitons and structure of market we are, many people say that Bitcoin it's need to sell it at $9,600 USD, and so the short term we can to to go the moon when Bitcoin leave at $9,000 USD to buy in that zone and later, to continue the final elliot wave cycle # 5 and find up at the target profit at $11,310 USD, but beware, any thing, because I exaclty say that Bitcoin it's also in the highly zone in weekly simetric triangle or monthly what we can wartching so better., because in any case that Bitcoin break up the simetric triangle and later amke a fake movement to believe that Bitcoin going to find up the target of $!1,300 USD based in the theory of elliot waves, se can see a possible scenario of maniu;ation zone and there Bitcoin don't can leave at the zone of $11k. So, as trader we need to prepare in this case the hide of the institutionals and trap of bull if you long it, because other possible target in that case in bearish trend is $7, 624 USD.
But, remember ,we are in the elliot wave cycle, and I proyet a possible up of Bitcoin price at $11,310 USD and I compare the proyection of elliot waves # 1 that was a up of 46%, and there are my proyection, but beware on this case if Bitcoin drop, so, please take confirmation in your mind and know use the indicators and price action, are the key of success.
So, in summary, I going in long, because Bitcoin is the grant money kind that I know and I see that it's deflaccionary, so, the bull rally it's comming soon, IF Bitcoin break up the simetric triangle and break up more later the strong resistance at $10,600 USD and pass the $11,000 USD for the next week, so, the sentiment of this market are strongest bullish.
