Hello Traders!
1. The idea was originally published on 19th Feb and will be attached.
2. We see a break of the 25250 high as we had expected in the previously published idea.
3. BTCUSD tested 161.8% level and fell over 2000 points in a couple of hours. Not a mere resistance, it's much more than that.
4. Some consolidation is expected before we place...
Hello Traders!
1. This analysis is mixed with various concepts; Elliot Waves, Volume, and Parabolic Movements. Hence the name 'Southall'.
2. The count is clearly stated on the chart. We're following almost the same pattern as we expect in BTC .
3. We see significant volume spikes in the selling zones and less volume in the buying zones. This also...
Hello Traders!
"Do you see the beauty of it? The Inevitability? You rise, only to fall!"
As Ultron has pointed out, at times, markets rise, only to fall, what we traders call a 'retracement'. The bullish retracement of BTC is almost at its fag end.
1. We'll begin from the All-Time-High of about $69000. From there, we see the first 5-wave impulse down and...
BTC is already in a strong downtrend and now is in a sideways zone. So, I analyze the next possible move using simple S/R. If there is anything else feel free to comment.
NOTE: DO YOUR OWN ANALYSIS BEFORE ANY INVESTMENT
Thank You
