mightyshizzle

mightyshizzle

Hi All As expected in my previous analysis BTC fell down. And BTC might have indeed a red April (1st red month since September 20). We are currently in a superior wave 2 which is a correction wave. Next support I see is between 47k-48k and where I expect sub wave a) to close and where a correction wave b)/ retracement of this downtrend might follow. We are now...

mightyshizzle

Welcome to my next analysis for BTC using elliott waves. Currently we are in wave 5 of a superior wave 1 and in 2 different reversal patterns (Rising wedge (red) and ending diagonal triangle of wave 5 (blue)) The internal structure of ending diagonal triangle is 3-3-3-3-3 (3=abc). Up until now it is given but still need more confirmation. Currently I am looking...

mightyshizzle

Hi all I previously shared an analysis using elliot waves and bearish outcome. Here is a shot term bullish version where BTC could reach 75'000 - 77'000 in wave 5. Important here is that BTC surpasses 70'000. Otherwise it remains in an rising wedge which is a reversal pattern. Check out my other analysis for more details. Good luck (No financial advice)

mightyshizzle

Hi all, Here is my analysis using elliot waves. According to the law of physics: "Every action generates a reaction", the same applies to the financial markets. A price movement (up or down) must be followed by a movement in the opposite direction. "What goes up must come down again. " (And vice versa) In my last analysis I assumed that wave 5 was already...

mightyshizzle

Wave 5 of Elliott waves completed which could be the first impulse wave of a superior Elliott wave when we think that BTC is bullish until end of this year. Therefore BTC could be now in an ABC correction of this superior Elliott wave targeting 46k - 48k to regain strength for the next impulse wave. On the daily and on the weekly chart a bearish divergence can...