So mine last prediction was wrong (you can correct me by analyzing it). You can clearly see that past two breakout took almost 1month to down and we have to wait to see where BTC will go further down or up, It could be see in next 15/17 days(OR BTC "might be" go down in somedays because of inflows). DISCLAIMER: I'm still leaning/beginner, So if you go and...
It should go something like this and what do you think guys about chart i have made? Disclaimer: I'm not finencial adviser and yes I'm beginner so take it too serious.
If we reclaim above 50.2K this will be my primary / most probable count where we still haven't completed wave 1 of bigger wave 5 and are currently in wave 5 (yellow) of 1 (orange) of bigger wave 5 which will end around 59-61K region and will give a retrace towards 40K region where I would expect price to take out that liquidity I mentioned on chart before starting...
Just a reminder of how $BTC traps people in correction of same degree by bouncing off golden pocket zones of fib extensions before dropping to 1:1 ( see how close it came to 1:1 in 2018 bear market bottom) . And this correction is of same degree of 2019-2020 drop and 1:1 of that is on marked price
Analysis Of BTCUSD based on EW theory + wyckoff + Fractal . #NFA #DYOR
This count is based on thinking that we've bottomed out already ( which I think we haven't coz of time relationship with EW). But there's one case which can make this count pretty much valid and probable that's if we get rejected from 52-53K region and then hold around golden pocket zone of last impulse from July (marked on chart) and then get range bound in...
reclaim above 52.5K on higher timeframes will indicate that wave 4 has finished .I also have bullish count for that targeting 80-90K by end of year. but that looks less probable to me . this scenario has high probability in my opinion .#NFA
looks like 5waves ending here with possible top marked and then a dump to 18-20k region P.S. :- not sure about timing but price action looks pretty much probable .expecting drop to 18-20k in end of sept - start of october #NFA
As you can see, BTC breakout the triangle with bullish large volume and the prices goes up and after that price goes down Now wait for the closing of 4h candle after that you can check the next support and resistance levels