UnknownUnicorn4427542

UnknownUnicorn4427542

A correction to around 8100 for now cause the first high retraced more than 78% and it can be expected for the second high to retrace less than 78%. Then a gradual move to around 8500 followed by a correction to around 8100 again. if it were to continue to the downside and create lower lows, 7200 is back on the table. I believe we are about to encounter Wave B...

UnknownUnicorn4427542

Don't mind the chart, my analysis is not based on this chart. it's more of an observation of the overall market. I'm not a very visual person so I explain my view by words instead of charts: I’ve been leaning to overall bearish and the reason is that the satoshi value of most alts is about to break its formation to the upside. They have all formed a similar...

UnknownUnicorn4427542

Extremely messy chart, I know. If the bull flag is to get played out, a long term target of around 0.0053 which also coincides with the fib level of 1.618 as drawn for the current wave, may be likely. As for short term targets, I expect to see a price around 0.0040700-0.0040800 relatively soon which coincides with our area of resistance and a fib level of 0.78...

UnknownUnicorn4427542 Updated 

I know it's messy but it's not messier than my room, believe me! I think we are currently going through wave 1, subwave 3. The price will face rejection at around 6160, it'll fall back to around 5810. It will rise again to around 6580 only to get rejected and dive to 5810 again. Subwave B will bring the price back to 6160 & then it will dive back to around 5400....

UnknownUnicorn4427542 Updated 

Elliott waves

UnknownUnicorn4427542 Updated 

For the upcoming weeks, it's gonna continue to go up. Corrective wave will not sent us further than 5300. Pullbacks may occur on these levels: 5800, 6160, 6260, 6510, 6580, 6700.