BTCUSD is completing Elliott impulse wave (12345) or rise soon?

25 thg 4, 2021

Before answering this question lets take look at previous analysis :
First wave that price see correction and that was expected :

Second wave that price see correction and that was expected too:

and now here we are reaching support zones after each other so maybe some range or even this time some bull candle arrived

but the question is this that how to identify 🚀 is coming in this bearish market ?
when rise is expected ?

before talking about rise consider these :
As we can see before every huge falls that arrived
1.we had about 4d range zone (green rectangle)
2.new falling trendline in this 4 day (Red trendlines)
3.and then break support of range zone and fall

Simple answer :
when red trendline break and for conformation of breakout ,when resistance of red zone break too then bullish market is expected

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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25 thg 4, 2021

Ghi chú

(daily time frame and trend) and this rise if arrived would be retest of breakout :

26 thg 4, 2021

Ghi chú

two targets reached (green path )

30 thg 4, 2021

Ghi chú

medium-term analysis result completed 😉