BitcoinLong
BTCUSD 12/22/2020
Updated
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Our Long Position dated December 15 & 17, 2020 makes a big gains from 20% to 25% based on Spot Trade (Of course Futures Trading is much more bigger). I think Bitcoin is now closer into it's potential top. So, right now, I talk about pullback levels. here is the previous technical analysis.
Unfortunately, the trading position on YFIUSDT did not play well but I still believe that this Elliot Wave count is still valid. We have just to wait for favorable opportunity.
____
Analysis
Summary:
A closed above $ 24,298.04 further upside to come.
I think the price to go up first before a big dump to come
but if the price close above on Daily at $ 25,460.00
- I think further up.
Overall, looks good.
Elliot Wave
In the assumption that $ 25,460 is the top on this rally.
Pullback Levels
I forgot to mention in the chart that there is a strong potential of a buying pressure at $ 19,490.00 (In case of pullback in the future) which is in confluence with 0.618 (Green Box). See the Weekly Chart in this TA.
If $ 19,490.00 is equal to 0.382, the current price may go as high as $ 25,460.00. That’s a dump of 20%.
Time Frames
1W
1D
4HR
1HR
_____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Our Long Position dated December 15 & 17, 2020 makes a big gains from 20% to 25% based on Spot Trade (Of course Futures Trading is much more bigger). I think Bitcoin is now closer into it's potential top. So, right now, I talk about pullback levels. here is the previous technical analysis.
Unfortunately, the trading position on YFIUSDT did not play well but I still believe that this Elliot Wave count is still valid. We have just to wait for favorable opportunity.
____
Analysis
Summary:
A closed above $ 24,298.04 further upside to come.
I think the price to go up first before a big dump to come
but if the price close above on Daily at $ 25,460.00
- I think further up.
Overall, looks good.
Elliot Wave
In the assumption that $ 25,460 is the top on this rally.
Pullback Levels
I forgot to mention in the chart that there is a strong potential of a buying pressure at $ 19,490.00 (In case of pullback in the future) which is in confluence with 0.618 (Green Box). See the Weekly Chart in this TA.
If $ 19,490.00 is equal to 0.382, the current price may go as high as $ 25,460.00. That’s a dump of 20%.
Time Frames
1W
1D
4HR
1HR
_____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Note
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