As we can see the bollinger bands showed an important volatility in the previous sudden move of BTS, where I also applied elliot waves in both periods (Jul), current one. As we can see in the current trend there's a high probabilty to be in the presence of an elliot wave cycle here. It had a long down trend since the last corrective elliot correctivity period, Hence we may see this new elliot wave coming true. Target: 1. 4500 satoshis Target : 2. If it goes above 4700 sats it's very likely that we see a higher impulse in this wave. Setting target 2 at 6200 satoshis. Thoughts? I'm placing buy order at the range of 2700-3000 which is the correctivity period of the current impulsive wave.
Hope you find it useful, have safe trading !
Komen
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As we can see the market tested out the resistance set at 4863 sats on dec 25th. The retracement wave is currently going with the correct path. Adivice BUY anytime you feel like since the price is not the best but some good profit can still be made. If the 5th wave breaks out the resistance our next targets are: T1: 7102 sats T2: 103093 sats.