Bitcoin – correction is almost over!
Hello, everyone!
Last time I did the article about Bitcoin analysis, I told that the bearish movement was anticipated, when the price was $65000. If you executed short trade you are in profit now. Today I want to warn you that the bearish move is almost finished. now it’s time to find the entry point for long positions.
Please, read carefully the articles in the links under this article to make the chronology of the BTC analysis clear!
Approximately one month ago I did the analysis, where said that the impulse Wave 3 was finished an the Wave 4 is anticipated. I calculated the target price and even time when the Wave 4 ends before the new impulse wave to the upside. Now the price is approaching this area!
In another article I supposed that Wave 4 is going to be A-B-C-D-E triangle correction, but made a mistake. The Wave 4 is forming as incorrect A-B-C correction. Wave C is almost finished, the end of this wave is the best place for long trades. In 1-2 weeks we will see the last Wave 5 of this Elliott cycle. Be patient!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Last time I did the article about Bitcoin analysis, I told that the bearish movement was anticipated, when the price was $65000. If you executed short trade you are in profit now. Today I want to warn you that the bearish move is almost finished. now it’s time to find the entry point for long positions.
Please, read carefully the articles in the links under this article to make the chronology of the BTC analysis clear!
Approximately one month ago I did the analysis, where said that the impulse Wave 3 was finished an the Wave 4 is anticipated. I calculated the target price and even time when the Wave 4 ends before the new impulse wave to the upside. Now the price is approaching this area!
In another article I supposed that Wave 4 is going to be A-B-C-D-E triangle correction, but made a mistake. The Wave 4 is forming as incorrect A-B-C correction. Wave C is almost finished, the end of this wave is the best place for long trades. In 1-2 weeks we will see the last Wave 5 of this Elliott cycle. Be patient!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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