Caution Regarding the Market's Trend
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Dear all
Please read and consider the following for two minutes before posting any comments. Your financial success or failure has no bearing on my life. I'm solely cautioning you about Bitcoin's future direction and warning you about the possibility of massive loss.
I have the data of bitcoin since 2010 which had the minimum of $0.05. I couldn't find the full data history in Tradingview. I have drawn the waves in the chart. Uptrend for now is over and market has already WAVE A and B. We are in Wave C which this wave will divided into 5 waves. You can calculate the top of wave 2 by Fibonacci or the simple formula of Elliott Waves.
There are 2 methods to calculate the end of this drop: 1- calculate the waves of Wave C : 64509 top and bottom 47936, then top of wave 2 in Wave C will be 58178. Now you can see the other waves which End of wave 3 in downward (wave C) will be 31363, wave 4 (of wave C) 37693, and wave 5 (of wave C) 21120.
2- Now let's count the whole of the movements of Bitcoin as GrandWave 1 and check where is the end of Wave 2. Start of Wave 1: 0.05 End of Wave 1: 57218. You will see that end of GrandWave 2 will be ended at 21857 which is very close to the rate we found above.
I wrote all of this Not because of your Likes and Follow. I wrote to just give a caution about a possibility of loss.
I don't recommend to take SELL Position (Because I Never trade on Future Market). My suggestion is that to WAIT for short time. If it happens you have enough money to enter from the bottom and make great profit.
The following Chart that before I draw didn't consider the drop to 21k and it shows the drop to 41k which will be a mistake in analysis.
Self Intro:
PhD in field of Financial Engineering at USTC.
Please read and consider the following for two minutes before posting any comments. Your financial success or failure has no bearing on my life. I'm solely cautioning you about Bitcoin's future direction and warning you about the possibility of massive loss.
I have the data of bitcoin since 2010 which had the minimum of $0.05. I couldn't find the full data history in Tradingview. I have drawn the waves in the chart. Uptrend for now is over and market has already WAVE A and B. We are in Wave C which this wave will divided into 5 waves. You can calculate the top of wave 2 by Fibonacci or the simple formula of Elliott Waves.
There are 2 methods to calculate the end of this drop: 1- calculate the waves of Wave C : 64509 top and bottom 47936, then top of wave 2 in Wave C will be 58178. Now you can see the other waves which End of wave 3 in downward (wave C) will be 31363, wave 4 (of wave C) 37693, and wave 5 (of wave C) 21120.
2- Now let's count the whole of the movements of Bitcoin as GrandWave 1 and check where is the end of Wave 2. Start of Wave 1: 0.05 End of Wave 1: 57218. You will see that end of GrandWave 2 will be ended at 21857 which is very close to the rate we found above.
I wrote all of this Not because of your Likes and Follow. I wrote to just give a caution about a possibility of loss.
I don't recommend to take SELL Position (Because I Never trade on Future Market). My suggestion is that to WAIT for short time. If it happens you have enough money to enter from the bottom and make great profit.
The following Chart that before I draw didn't consider the drop to 21k and it shows the drop to 41k which will be a mistake in analysis.
Self Intro:
PhD in field of Financial Engineering at USTC.
Nota
As we warned people with the BTC TREND, we see so many people didn't take it serious and now they are in a big trouble. Still market is downward and there is no confirmation for uptrend.Frequency Analysis Result:
H4: Going to the top, Indicating that we will have a correction to up.
Daily in the Bottom which means maybe we see a little bit upward,
Weekly Downward
Monthly Downward
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