Bitcoin Overview and Wave C

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In a previous analysis, it was on August 13.
The analysis was that the drop from 64 to 28 thousand.
It was 5 waves and we considered this wave A
The start to the upside from 28805 was wave B, and it was correcting the main descending path with three waves.
The target number for wave B was between 50600 and 52663
The highest point recorded was 52,920
Now we have entered wave C
Wave C, it will be 5 waves
Now the target for wave C
I expect wave C target at 61.8 or 100 % from A
that means the target betwen 30641 to 16871
I mean the first target will be 30641
And the secand target will be 16871
Certainly, there will be ascending and descending waves until the expected goals are reached.
You have some important points in the chart can be considered important support and resistance points and can be dealt with by traders.
For example
47873
44413
39149
Good luck everyone

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There can be a good positive trend for fast trading
Provided that the trade is not less than 46463
It is very important not to trade less than this number to achieve high
Goals
1-47050
2- 48000
3- 49538

Then it will go down, so please be careful and pay attention to trading in this area

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Now the price it's about 46600

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Now it should go up
After retesting to break the triangle

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It must rise above 46,463 to achieve the goals

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note
This rally will be followed by a fall, so try to activate your stop loss and follow the wave well
Congratulations on the analysis
Good luck everyone

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Trading below 46463
Eliminates
Upside scenario and confirmation of downtrend trading below 46100
please pay attention

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I mean any trade less than 46100
The bullish wave ends and we start to descend, so the stop loss is 46100
Clear

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Trading below 46,463 is not good
we follow

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Really crazy what's going on
Hahahahaha

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The strength of the drop, which took place, burned many stages, and we did not have details that could be referenced and accurately predicted for this wave
But over the past two days
I thought a lot about this wave and here there is a scenario that may be more likely than the first, which is that we have
Flat wave is irregular and according to the calculations so far it seems very logical.
This type of wave is of wavelength B .
200% of the wavelength A
and wavelength C
Not to exceed 300% of the length of A
I mean by that
wavelength A
It was from 48144 to 43927
48144 - 43927 = 4217 wavelength A
B . wave
4217 x 200% = 8434
8434 + 43927 = 52361 and the top was 52920 so far, the talk is very logical
C . wave
4217 x 300% = 12651
12651 - 52920 = 40269 It should not go down or trade below this number, which is the maximum allowed in this scenario

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please pay attention.

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please pay attention.

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please pay attention.
If this scenario is correct, we will witness a strong rise and lead to the previous top 52920

The only important thing for me is not to trade less than 40269

My prediction is that we should see a strong rally when we get to this area
I mean 40269.
40269 space not for sale but for purchase
This means we haven't finished the bullish wave yet
If there is no trading under this number 40269
And you don't have to reach a mechanism that can jump or climb shortly before this number
But the only condition is not to break the strength of this number 40269
, Just for clarification
You know we're in a crazy market
is this clear

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We'll drop the minimum to 45786
And we will be the last descending wave of the triangle, and I think it is the end of the decline in the 44412 . area
to approximately 43,500
then rise
We generally follow what happens
This is what I expect so far

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If this analysis makes sense, it should probably be no less than 43300
The return area lies between 44,400 and 43,300.
The candles formed in this area will tell us the rest

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So far, we are deliberating between two important points
46,133
And
45,786

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Very good so far 100% analysis
Now we are looking for buy signals in the area

44400 to 40269
The idea is clear, guys

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According to the calculation, our goal will be
the first
Between 44,132 to 43,277
As for the extension, this is not expected, but it must be looked at
The wave is approximately at or around 40269

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The triangular wave theory you talked about is over

At the bottom of 44900
This scenario it achieved a goal
Now we want to confirm the end of the decline by not breaking or trading below 44900
Any trading below this number, we will go to the other scenario and the target is about 40269

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Of course, the triangle wave scenario was the closest optimistic scenario
We must not go below 44900
For the correctness of the model

Another scenario would be an irregular flat wave (crazy wave).
which will have a target close to 40269

The most pessimistic scenario is the first scenario

We will follow up and see confirmation from the movement of the Bitcoin market
crazy market reality
hahahahaha

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A fact that cannot be ignored is the candle on September 7

In general and according to the current situation, I see that we aim to break the previous low at 42843

We are heading to 41138 - 40269 approximately

Then we have a good high for the fast trader

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Any rise of Bitcoin so far is an opportunity to enter the sale and not a real rise
I said previously that the candle formed on the date of September 07 is a candle called a leading candle, and it clearly indicates that the trend is bearish and not bullish, even if we cross the top 52920, we will go down
Therefore, the warnings from the summit and the bears at that summit were 52,920
All scenarios point to a downside and any ascending waves are an opportunity to enter short

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According to this scenario
We are heading to (41890 - 41138 - 40269) approximately

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This is the other scenario, provided that 47400 is exceeded

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The first scenario is that we are still in the range of the wave and have not reached its target between 42 to 40K
It is followed by the rise, which is the most optimistic.
As for the second scenario, the most dangerous in my opinion is that this rally will be followed by a sharp drop, to around 30K.

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The wave is almost over

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In the previous analysis I had talked about a bunch of bears on the doorstep, a warning was issued at the top, and the result was a decrease of more than $10,000 from $52,920.
Now I tell you that this bullish wave that you are seeing is actually a bearish correction
In other words, this rally will be followed by a strong decline and break of the bottom it had
42842 It's only a matter of time
So please pay attention
The minimum for this rise was achieved at 47,926
We may reach 50741
But be very careful because it is a very, very dangerous area

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So far there is no momentum in Bitcoin, which puts me in front of two possibilities
The first possibility
We go down to about 46000-44,000 and then rise again to about the top about 52,920
Then we go down again
This drawing illustrates the first idea

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This is what I have so far

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SOLUSDT
The end of the bearish wave will rise soon
If you are looking for a good long term business

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Also we have
ADAUSDT

It's in an awesome area to buy
It's ADAUSDT
if you want buy it for long

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The goal I talked about in a previous analysis has been achieved with great accuracy.

Until we see good signs, it will be a bullish wave from these areas we talked about earlier.
Refer to the previous analysis of bounce points.
Really I'm a little tired and I'll do an analysis later.
Good luck everyone

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Please refer to the analysis on September 10th

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On September 10, I spoke about an analysis
The wave can be an irregular flat wave (crazy wave)
What you said achieves 300% of the wavelength A
We go down to 40269
Now the lowest point reached is 40200
This means that the point remains constant
This is the last optimistic scenario of the market that we will rise from this area to the top again to 53,000
Any break or trading below 40269 cancels this scenario
So far, Bitcoin is at a crossroads
Confirm the break by trading below 39149
As for the alternative scenario, it is the worst after breaking this point and trading for less than it will undoubtedly be
The decline to the limits of the previous low is about 30000

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So far the golden point 40269
Excellently stable
we follow

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Can you write your expectations in this area?
Will he respect the 40,269 point or not?
Is it a buy zone or not?

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please pay attention.
I really have doubts about this ascent
It was supposed to be a tidal wave close to 40269
But this movement has doubts about unloading and landing again
So please be careful until the picture becomes clear
This rise so far is three waves so far, and this is what makes me suspicious of it

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The stability of the golden number 40269
Excellent so far
But we must form five ascending waves.
This is clear evidence that we are going up
So far only three waves. This makes me cautious when dealing with Bitcoin
So for now you have to be careful with bitcoin until it becomes five waves. to clarify the picture.
I hope I conveyed the information in a good way

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We have about the first five waves, which is a good indication that the rally will continue
We have a current target between 45000 - 46100
Then it goes down and rises again
Provided you don't break or trade below the bottom 39600
Thus, if this scenario is the case, we say again, congratulations on the analysis

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When analyzing Bitcoin liquidity, we find that the driving force is selling in price action
Therefore, the downward trend is dominant in the scene
Until now
Therefore, any climb should be treated with caution until further notice
Therefore, it is necessary to warn
Good luck everyone

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Expected scenario.
This is a quick analysis At night I will do a detailed and complete analysis and the expected scenario during the coming period
good luck for everybody

moneer618

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