talak

BTC ! Waves Analysis ! 10 k or 20 k ? ? ?

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
289 views
3
hey ,make a point about waves scénario :

the first scenario( gemini chart h4 ) is a moderate bull scenario, we arrive at the end of the cycle end of wave 5 (yellow)
This is not my favorite scenario, it is less precise than the other and really not enough bull for a bull run.
In addition, the correction that will take place around 10k (its may be 11k just as well), should bring us back to 7800/8000 (blue fibo line 0.5 and 0.618 retracement ), which would make us go back under the 200 daily MA (around 9000), which is not something to consider if you are really bull ..
However it is not invalidated and I like the principle that it follows the channel (purple) hence the objective around 10k ....

The second scenario (coibase daily chart ), the one I gave you during the last correction so that you can buy the bottom at 8200 :)
It is much more bullish than the other, we are still in the sub wave 3 (pink) of wave 3 (yellow), much more precise in its corrections, and do not plan to go back under the MA 200.
in theory it should not end its waves 5 (yellow) not around 10k like the first but around 20k!
this chart it is in daily so that you can have the global view, tomorrow in the second part devoted to this scenario, we will see it on a 4 h chart more in detail with the under waves, and the next interesting correction to replace ...

My other bull scenarios are invalidated, the bear one set aside for the moment ...

ps : sorry for my english i'm french !

like if you appreciate, thank you :)

Comments