norththeewin

norththeewin

According to Elliott Wave theory, the "Strong B Irregular Flat" should have a C-Wave that is 101-161.8 percent of the B-Wave. As Bitcoin's price broke the all-time high of 69 kUSD on November 10, it formed a B-Wave pattern that is within the 101-123.6 percent of the A-Wave. Therefore, if the pattern is a "Strong B Irregular Flat," the price should fall to...

norththeewin

Actually, if I look at the chart, I can see that the price hasn't reached the target price to bounce back from the 1st Minor Wave (of the 4th Primary Wave's B-Intermediate Wave) to the 2nd Minor Wave, with the target price being in the 0.786-0.887 Fibonacci range, or 3730-3870 USD. Wait for a reversal signal EMA12 cross EMA26 down (or RSI shows overbought or...

norththeewin

I believe that the bullishness of the 4th Wave's B-Wave is not yet complete. Since the Fibonacci target of 0.786 - 0.887 at the price level of 57140 - 60780 USDT has not been reached, and there is resistance at the price of 59500 USDT that was at the top of the 4th Wave's A-Wave of the 2nd Wave, this is a bearish signal (yellow line). As a result, I am targeting...

norththeewin

BTC, in my opinion, is the final motive wave of the intermediate level (yellow line) before the corrective wave. The resistance level should be in the 57k to 63k range. (The goal is to reach 60k.) I don't think it'll be able to break the ATH (April 14, 2021). However, following the decline, it is possible that it will surpass the ATH and reach over 110k as the...