Bitcoin – I've been waited for this!
Atualizado
Hello, everyone!
In my last analysis I told you that the long signal could be flashed at $24-25k. The price is 24k and I am waiting for the long signal confirmation.
The strongest bullish signal
Let’s take a look at the 1D BTCUSDT price chart on the MEXC exchange. The price reached 0.38 Fibonacci of the last downside impulse and got a rejection. The rejection also was from the 26-day moving average. After that the price dropped below the low at 26k to zone 27 Fibonacci level. $23-$24 k is the potential reversal level. The strong bullish divergence with MACD line and histogram is almost confirmed. I am waiting for confirmation to go all-in. The BTCUSDT and BTCUSD charts have some differences in the previous low level, but now I can see that on the BTCUSD chart (see below) the bullish divergence is also almost confirmed.
In my last analysis I told you that the long signal could be flashed at $24-25k. The price is 24k and I am waiting for the long signal confirmation.
The strongest bullish signal
Let’s take a look at the 1D BTCUSDT price chart on the MEXC exchange. The price reached 0.38 Fibonacci of the last downside impulse and got a rejection. The rejection also was from the 26-day moving average. After that the price dropped below the low at 26k to zone 27 Fibonacci level. $23-$24 k is the potential reversal level. The strong bullish divergence with MACD line and histogram is almost confirmed. I am waiting for confirmation to go all-in. The BTCUSDT and BTCUSD charts have some differences in the previous low level, but now I can see that on the BTCUSD chart (see below) the bullish divergence is also almost confirmed.
Comentário
Comentário
Elliott wave analysisFirst of all let’s take a look at the weekly timeframe. I suppose that the Bitcoin is globally forming the terminal diagonal triangle – the only one Elliott formation where wave 4 can overlap the wave 1 and wave 3 is not the largest wave in the cycle. At the awesome oscillator we can see now the minimum value which usually corresponds with the wave 3.
Comentário
At the chart below I marked the subwaves of the wave 3. Here is the clear 1-2-3-4-5 wave formation. The wave 5 of the global wave 3 is about to end. We can also define it with the awesome oscillator. The maximum value of AO corresponds to wave 3 bottom. There is also the crossover of zero-line, it means that the wave 4 was also finished and now we can see the divergence between wave 3 and the current wave. The target for global wave 3 is 0.618 Fibonacci extension using the wave 1 and 2. We can see that the price is next to this target zone. From current price I expect the A-B-C correction.Good luck!
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