Cycle 1 and 2 of Bitcoin !!! or (1.2 and 1.2)???
Hi guys
I hope you have a good week ahead.
Analysis of Bitcoin = US Dollar
Well, the starting price of $15,473.78 is an impulse pattern that includes five sub-waves that are quite clear.
Currently, Bitcoin has reached its highest level, that is, the price has reached
31,046.25, okay?
In addition, the fifth wave has moved more than the third wave and we must witness any correction pattern, finally 50 to 61.8% and again follow the rising market.
The next point and possibility, if we consider the trend 1.2 and 1.2, there is a possibility that the market will advance by correcting the depth and then it will grow quickly.
And the third possibility, which in my opinion is a much lower percentage, is a correction pattern and the bear market will continue.
A market trend is a cycle, a cycle consists of two parts motivation and correction, which includes five waves (motivation pattern) and three waves (correction pattern), right?
If I mention anything about the Elliott Wave principle, it is only to create a scenario to focus on the chart
Because of all of you friends who follow my ideas, maybe right now, when you are reading this text and seeing my first idea, I don't mean to be rude, after all, there are some of you who use the Elliott wave principle.
And they analyze even better than me !!!
There are also those who use other styles like price action or candlestick patterns.
Good luck! and be happy!
I hope you have a good week ahead.
Analysis of Bitcoin = US Dollar
Well, the starting price of $15,473.78 is an impulse pattern that includes five sub-waves that are quite clear.
Currently, Bitcoin has reached its highest level, that is, the price has reached
31,046.25, okay?In addition, the fifth wave has moved more than the third wave and we must witness any correction pattern, finally 50 to 61.8% and again follow the rising market.
The next point and possibility, if we consider the trend 1.2 and 1.2, there is a possibility that the market will advance by correcting the depth and then it will grow quickly.
And the third possibility, which in my opinion is a much lower percentage, is a correction pattern and the bear market will continue.
A market trend is a cycle, a cycle consists of two parts motivation and correction, which includes five waves (motivation pattern) and three waves (correction pattern), right?
If I mention anything about the Elliott Wave principle, it is only to create a scenario to focus on the chart
Because of all of you friends who follow my ideas, maybe right now, when you are reading this text and seeing my first idea, I don't mean to be rude, after all, there are some of you who use the Elliott wave principle.
And they analyze even better than me !!!
There are also those who use other styles like price action or candlestick patterns.
Good luck! and be happy!
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