The first wave of the type(Leading Diagonal) from 52,920 Bitcoin
Güncellendi
This analysis is based on the previous analysis in September 7
In this analysis, we will follow the first wave of Bitcoin's decline.
The end of the first wave is expected to be between 38000-39,000
Until we reach this level and the bottom is confirmed, we will open another analysis for the second bullish wave.
Analysis:
We have the model of impulse waves of the type of leading diagonal or forward.
This type of wave is the leader of the following and consists of five waves.
The first is strongly motivated and overlaps the fourth and first waves in the price area.
And it is wedge-shaped.
This type only comes in the first wave.
As shown in the drawing.
This confirms what we went to in the previous analysis on the date of September 7
In this analysis, we will follow the first wave of Bitcoin's decline.
The end of the first wave is expected to be between 38000-39,000
Until we reach this level and the bottom is confirmed, we will open another analysis for the second bullish wave.
Analysis:
We have the model of impulse waves of the type of leading diagonal or forward.
This type of wave is the leader of the following and consists of five waves.
The first is strongly motivated and overlaps the fourth and first waves in the price area.
And it is wedge-shaped.
This type only comes in the first wave.
As shown in the drawing.
This confirms what we went to in the previous analysis on the date of September 7
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The most important support currently Bitcoin is 42615This number will represent a crossroads for many traders
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There is an art form which is the triangle and it is almost completeIf this analysis is correct, then we are heading to the top
Provided you do not break 41200 or trade under this number
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We are now at the lowest point reached by Bitcoin, and the four-hour candle is very goodTo reflect the price
The most important thing is the top of this candle
If we are bullish, we must trade above 41869
As for any trading below the bottom of the candle 41115
Boil the entire ascent and head to between 39,000 to 38,000
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noteTrack cash for bitcoin
You see rising liquidity at the bottoms, and this is evidence of entering buying liquidity at the bottoms.
The second observation is that the triangle theorem is still valid
Where we haven't broken any previous bottom and that's good so far
Our last bottom was 40750
Triangle Theory We should have higher bottoms and lower tops
And 41200 was broken and quickly came back over that number.
so that theory still stands.
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It was the first wave of52920 to 42843
10077
The second wave of
48843 to 42843
6000
The third wave of
48,843 to 39,600
9243
The fourth wave of
45200 to 39600
5600
The fifth which is assumed not to exceed the length of the third in any way,
So for that must be will go up before this number 35957
Bounce and rise must be before this number again , it's clear
Therefore, I expect the end of the first wave, and as we mentioned earlier, it ranges approximately between 39488 to 38766
Then the second wave will rise up, minimum 38.2% from the full wavelength is from 52920 to its lowest point.
Is this clear guys
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This climb is very dangerousThis is a sale, not a purchase
Don't be tempted by the big candle, it's a trap
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please pay attentionI repeat,
This candle is the product of recycling in large quantities for sale
So don't fall into the trap.
it's will be go down
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Nothing has changed in the analysisThis is the end of the bullish wave
A group of bears are at the door, be careful
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