1. Long Term
Still same.
2. Mid-Term
Wave 4 Corrective wave is in process.
At this moment, the matter is a shape and end price of wave 4.
In a bigger scale, wave 4 can be retraced 23.6% or 38.2% of wave 3.
Its price is $8,661 to 23.6%, $8,190 to 38.2%.
Able to find exact target price by analysys wave 4.
3. Short Term
2 days ago, I have thought that the shape of wave 4 would be a zigzag.
But seeing a processing, the possibility of a zigzag getting lower.
In 4 kind of time scale, all candles are above Ichmoku clouds.
It acts like a support line, so bitcoin won't fall down rapidly, deeply.
So I guess the shape of wave 4 would be a triangle type.
4. Expectations
If the wave 4 process as triangle,
we can expect that third wave (C wave) end point via Harmonic pattern and zigzag.
①. Shark Pattern (red) : $ 8.479.5
②. Butterfly Pattern (green) : $ 8,563
③. Zigzag (purple line) : about $ 8,585
④. 78.6% Retracement of wave B : $ 8,570.5
So $ 8,479 ~ $ 8,585 is very proper buy-zone.
Stop Loss can be $ 8,400.
Still same.
2. Mid-Term
Wave 4 Corrective wave is in process.
At this moment, the matter is a shape and end price of wave 4.
In a bigger scale, wave 4 can be retraced 23.6% or 38.2% of wave 3.
Its price is $8,661 to 23.6%, $8,190 to 38.2%.
Able to find exact target price by analysys wave 4.
3. Short Term
2 days ago, I have thought that the shape of wave 4 would be a zigzag.
But seeing a processing, the possibility of a zigzag getting lower.
In 4 kind of time scale, all candles are above Ichmoku clouds.
It acts like a support line, so bitcoin won't fall down rapidly, deeply.
So I guess the shape of wave 4 would be a triangle type.
4. Expectations
If the wave 4 process as triangle,
we can expect that third wave (C wave) end point via Harmonic pattern and zigzag.
①. Shark Pattern (red) : $ 8.479.5
②. Butterfly Pattern (green) : $ 8,563
③. Zigzag (purple line) : about $ 8,585
④. 78.6% Retracement of wave B : $ 8,570.5
So $ 8,479 ~ $ 8,585 is very proper buy-zone.
Stop Loss can be $ 8,400.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.