Forecast meets reality!

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Hello friends!

I hope all of you are doing great!

#BTC has followed our analysis so far since 30th March and I feel great about it!

#BTC is about to form wave D of the triangle. If you pay attention to the other waves of the triangle (ABC); they have a 3 wave pattern and took about a month to complete.

I expect wave D to show us a 3 wave pattern and take same amount of time to complete.

Therefore, we definitely have rise and falls along the way just like before but it will complete in 9700-10500 price range.

We have broken through the downtrend and an important resistance.

Now we should try to find out how the wave D structure will be in lower time-frames.

Follow our page and share our analysis to support our page!

Good luck to you all!

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ملاحظة

After wave 4 of correction completes; we have a microwave which rises above 9K to complete the first step...

And then we may witness a bigger correction phase after that.

tradingview.com/v/zB7wwWGG/

30 min Time-Frame

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ملاحظة

The pattern that we see in wave 5 resembles a rising wedge and according to Elliott it is the ending of 5.

Thus:
Manage your stop-loss at 8840.

At the ending of this wave we don't have much uptrend force and we will have a sharp fall after that.

In case we are done with the correction and suitable situation persists, we will update the chart for an entry point.

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ملاحظة

BTC 15 min

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ملاحظة

Possible scenario

In case ending 5 from wave 3 becomes a reality, we have a sharp fall until 8550.

Scenario confirms if #BTC loses 8840 support level and voids if crosses 9030 resistance.

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ملاحظة

It seems that BTC 1.07% is doing more of a time based correction rather than a price correction. And we might have an uptrend after this to complete the zigzag pattern and reach for higher targets at 9K and 10K

Stop Loss : below 8400