Time Analysis of BTC Elliot waves behaviour #BTC
Time analysis is being ignored a lot among traders and analysts, some time they mainly decline importance of #TIME , but in each chart there are 2 factors, #PRICE and #TIME , if we assume price is predictable using Technical Analysis, so surely #TIME must be analyzable too.
in this chart I tried to analyze the #BITCOIN Elliot waves behaviour in terms of price and time. as you know, Elliot waves, show a step by stem movement, meaning for example the third, forth or fifth waves targets are highly dependent on previous movements, with in terms of price and time.
looking back to the chart, as shown, our new Elliot movement has started on November 10th, and respectively the fifth wave has started around December 27th, at the price of 52K. According to previous waves, Technical Analysis shows the final price target of 37K~~39K , which is well compatible with our further PRICE ACTION analysis and predictions. Also according to TCR and ATP methods of time analysis, I believe this level can be reached between January 27th and February 2nd.
in this chart I tried to analyze the #BITCOIN Elliot waves behaviour in terms of price and time. as you know, Elliot waves, show a step by stem movement, meaning for example the third, forth or fifth waves targets are highly dependent on previous movements, with in terms of price and time.
looking back to the chart, as shown, our new Elliot movement has started on November 10th, and respectively the fifth wave has started around December 27th, at the price of 52K. According to previous waves, Technical Analysis shows the final price target of 37K~~39K , which is well compatible with our further PRICE ACTION analysis and predictions. Also according to TCR and ATP methods of time analysis, I believe this level can be reached between January 27th and February 2nd.
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