sebastian.seliga.7

Bitcoin #BTCUSD - two possible scenarios for a correction

BITSTAMP:BTCUSD   Bitcoin / Dolar
At the moment, the fourth wave correction (4) can develop in two ways. The first one, marked in green, is a correction scheme in the form of the fourth wave triangle, in which C, D and E are still to be found. All these subwaves should end within the area of $ 16,500 - $ 12,750. Breaking any of these levels will invalidate this scenario for a correction. The second scenario, marked in red, is an irregular correction ABC , in which waves A and B seem to be finished, so only the C wave remains to be realized. In this scenario, I assume the level of $ 12,750 is broken, then breaking the level of subwave B to $ 12,000 and level test of $ 11.159 (wave A bottom). This level should not stop bears in this scenario and this level should also be impulsively broken through. In this case, the first target level for the C wave will be the level of $ 9,021.

Main trend: UP

Intermediate trend: UP

Daily trend: UP/ NEUTRAL (continuation of the correction)

Key levels:

- for further increases - the level of $ 16,500 and later $ 17,500

- for continuing correction - the level of $ 12,750 and later $ 14,400

- for the continuation of declines - the level of $ 12,500 and later $ 12,000 and $ 11,159

PS: Please follow me on TradingView!
PPS: The next Bitcoin             analysis will be released if this post will make 100 likes.
Thank You and Good Luck! :)
Perdagangan aktif: Patience.
Triangle scenario still in play.
Waiting.
snapshot
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One like more, and Sebastian will release the new analysis of Bitcoin :) Let's somebody click LIKE!
Balas
r2za88 przemyslawtrykoszko
@przemyslawtrykoszko, just liked it before :)
Balas
please update infomation :) thank you!
Balas
any update?
Balas
next D- 16 500$ ?
Balas
Sebastian, U are my Polish master!
+1 Balas
Accurate so far!
Balas
Triangles don't have five wave moves in them only zig zags and flats.
Balas
but 12.5k is strong support...i dont think 13k can help dropping with this speed...
+2 Balas
@ghose12, We will soon find out. :) I prefer a Triangle correction in wave 4 for now as well. This means more horizontal price action and not a sudden drop :)
Balas
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