Hi, this is a new analysis from the last one. Elliott Waves indicates me, an extension inside de third Wave (3). An opportunity to buy the green box at 5080$ to long this market !
There is a snapshot in this 1H time frame :
Comentarios
⋅
There is my Downtrend analysis which showing Bitcoin going lower ->
Comentarios
⋅
Target touched at his finest -> Target said 5080$, Target touched 5071$
Comentarios
⋅
I expect a correction of 50% to 61.8% of this small increase from the green box. Then I redo an analysis for this rise, here is a snapshot with a change of the wave (WXY).
Interesting. I'm making a very similar call, just with different tools. Your C or 2 target is the same as the neckline of my H&S pattern ID. If this pattern confirms, could see a move lower. Does anything in your analysis show that as a possibility?
Jowa_
⋅
@BitCapJNY, Hi, yeah perfect I will share you my other analysis which is going lower -> in my idea description I've just added (in 3 minutes) my downtrend analysis !
@Silvuio7, If we broke 4535$, I will agree with you and we will go to 3421$ or 1836$. But at this time my Elliott Waves give me more probabilty going up. But nevertheless it is just my own analysis. I also do not understand the correlation between my Elliott Waves analysis and the increasing volume that you indicate, I do not introduce the volume in the Elliott Waves analysis. But interesting...