BTCUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders, what do you think about btcusd kindly share your opinion in the comment section.
current price: 107500
after hitting all time high a strong bearish pullback is possible. market will retrace back upto 103600 then it will use this position as a support zone to go further high. currently market's target is 103600 which is our demand zone.
key points:
demand zone: 103600
retracement area: 107500, 108000
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Btcsellzone
Bitcoin, Full Chart Analysis It's not financial advice. it's just whatever I think we will see soon.
So just notice and think about it.
Are you ready? So, Let's go
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Hello Guys. new day, new analysis.
many of you sent me messages about counting BTC waves. and today I want to show you everything you need to know about Bitcoin.
I separated waves by different colors to understand where we were!
everything is clear.
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After finishing five waves we began correction waves. we know them as A, B, C
the A waves started from 69k has 5 microwaves.
The Second one is B and it has 3 microwaves.
and finally, we have a C wave that included 5 waves.
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At this time we are in the B wave and the market could go up to the 0.382-0.618 level of the Fibonacci Retracement of the A wave. After that, the C wave will begin.
as I told you before the C wave has 5 microwaves ad we expect the market to drop step by step.
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please write your comments below and tell me what you think.
Are you agree with me?
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Sincerely Yours
BTC Possible moves Case 1 : BTC is yet to hit the top and will find support at 48k region and bounce back and will go as high as 80k (maybe a little more) and will crash about 40-50% possibly around 40k region and will retrace back to about 65k and will enter bear market
Case 2 : BTC top has been hit and will correct to about to 35k but if it fails then we're heading about 28k where it will bounce and retrace back to higher levels and will enter bear market (years of pain)
#some alts will finish in the btc rally to the top if case 1 is followed EX : LTC,Dash.BCH,BCH-SV (Based on historical data of 2013 and 2017 bull runs)
#most alts will explode during retracement rallies in both cases