The maturing of Bitcoin again? What a correction structure!
Hi guys, I hope you have a good day
Bitcoin = US dollar
The start of the uptrend price at $15,460 is an impulse pattern that is completed by five waves that reached the all-time high price of $3,1050 in Bitcoin.
The first possibility: the starting price of the corrective pattern is $31050, if it is a zigzag pattern, its wave (C) has not yet been completed, which is a diagonal pattern, which will restore between 38.2% and 50% Fibonacci, and the market is bullish.
The second possibility: It can be a zigzag pattern in the degree of a bigger wave, whose wave (b) is a flat pattern that is building a structure until it reaches about $30,000 and then completes wave (c) and is followed by a bull market.
Friends may also be a complex compound structure (note).
The third possibility: It can be from the beginning of the $15,460 price trend, it is possible that it is the 1.2, 1.2 pattern, which usually happens at the beginning of the maturity of a rising market and then emerges with strength, but it must first reach the price of $31050. (Continue a clear but not very deep corrective pattern)
Good luck!
Have a nice week guys
Thank you for your support and for spending time and following my ideas.
Success and victory are the result of correct diagnosis, correct diagnosis is the result of experience, and experience is often the result of incorrect diagnosis (Anthony Robbins)
(I am still reaching the maturity of the wave principle, and I will definitely do better in the future, why? Experience)
Bitcoin = US dollar
The start of the uptrend price at $15,460 is an impulse pattern that is completed by five waves that reached the all-time high price of $3,1050 in Bitcoin.
The first possibility: the starting price of the corrective pattern is $31050, if it is a zigzag pattern, its wave (C) has not yet been completed, which is a diagonal pattern, which will restore between 38.2% and 50% Fibonacci, and the market is bullish.
The second possibility: It can be a zigzag pattern in the degree of a bigger wave, whose wave (b) is a flat pattern that is building a structure until it reaches about $30,000 and then completes wave (c) and is followed by a bull market.
Friends may also be a complex compound structure (note).
The third possibility: It can be from the beginning of the $15,460 price trend, it is possible that it is the 1.2, 1.2 pattern, which usually happens at the beginning of the maturity of a rising market and then emerges with strength, but it must first reach the price of $31050. (Continue a clear but not very deep corrective pattern)
Good luck!
Have a nice week guys
Thank you for your support and for spending time and following my ideas.
Success and victory are the result of correct diagnosis, correct diagnosis is the result of experience, and experience is often the result of incorrect diagnosis (Anthony Robbins)
(I am still reaching the maturity of the wave principle, and I will definitely do better in the future, why? Experience)
