⚡️⚡️Bitcoin is on the edge of collapse!
We predicted dump, but most of traders now obviously want it to go higher and higher. Our analysis is still the same, let's just figure out some additional proofs that BTC is ready to dump in October.
On the chart we have 1D time frame BTCUSDT. After the impulsive wave 1 Bitcoin has printed the ABC correction to 0.5-0.61 Fibonacci retracement. It was wave 2 which has been already ended. Look at the bearish reversal bar and the MFI state squat. This is the huge reversal signal.
Now we cannot definitely tell if we are in ABC correction or 5 Elliott waves cycle to the downside. Anyway the target 1 Fibonacci extension should be reached in any cause. This is $21500, our first target.
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⚡️⚡️GALA analysis update
Despite #GALAUSDT is pumping like we said in our last analysis, it looks like it's still too early for the bull run on this asset. We defined the working time frame is 1D and all Elliott waves counting will be on this chart.
Awesome Oscillator is the best tool to define the wave 3 bottom, now it crossed over the zero line. It means that wave 4 minimal requirement is completed. Anyway it's likely to see the pump continuation to 0.38-0.5 Fibonacci retracement zone, which is natural wave 4 target. So, $0.019 is real target for GALA.
Then we expect the dump in wave 5 to approximately $0.01. This asset has very clear EW structure, so we pretty sure that this scenario plays out.
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⚡️⚡️⚡️GALA analysis update
Couple of weeks ago we made analysis on GALA where considered that it's closed to it's bottom. Since then this asset is staying at the same level and most of traders disbelieved in the any potential bounce.
If you remember 2D is our working time frame to establish the Elliott waves cycle. Usually we have 3 confirmations of the reversal: bullish reversal bar, then AO momentum reversal and finally fractal breakout.
This bullish reversal bar is not an obligatory condition, it could be or not. AO reversal is obligatory one. Here we have 3 green bar on AO histogram. The key level for reversal confirmation was the yellow line. Price has successfully passed this line.
Moreover MFI has printed the squat bar at the very bottom and green bar is about to be printed today which is another one bullish factor here. If we are right minimal target is $0.02 where the Fibonacci 0.61 zone is located.
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⚡️Bitcoin analysis update
Hello, dear friends!
Most of traders now excited why Bitcoin is dumping and to be honest we also have this concern, but at the current moment of time everything is not so ugly as it seems.
Looking at the 4h BTCUSDT price chart we can see that wave B is about to be finished. Wave A was impulsive, that's why we expect the same behavior from wave C.
Correction should be finished inside the 0.61 Fibonacci zone with the bullish reversal bar. Now we have a chance to see it today.
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⚡️⚡️LINK price analysis
Today a lot of traders making analysis on LINKUSDT because it has suddenly pumped against the entire market. Could this coin be already bottomed or new lows are incoming?
Looking at the price structure since ATH we have the clear EW counting. Global ABC correction is represented here as a classical zigzag. Wave C in this case should has 5 waves. Minimal Awesome Oscillator value corresponds to wave 3 and current flat is the annoying wave 4.
Technically bear market could be finished because we have already seen the bullish divergence and lower low, but Bitcoin in my opinion should dump and I cannot understand how altcoins can pump against it. That's why I expect another one lower low in the wave 5.
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BTCUSDT update
Bitcoin continues following our plan. We anticipate another one leg down and then pump
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⚡️⚡️BTCUSDT - crash is imminent!
Hello, dear friends!
Exactly as we pointed out earlier after forming the bearish reversal bar #BITCOIN retested the 0.61 Fibonacci level. We have already seen the reaction from this point. Expecting now the dump continuation because in our opinion the upside correction ABC has been already finished.
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⚡️BTC has printed bearish reversal bar on 4h time frame. Expect pump into 0.61 local Fibonacci level and then dump.
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⚡️⚡️Bitcoin analysis update
BTCUSDT is still following our main scenario. All long trades has been closed because price is entering into target zone and risk of huge -20% crash from this point is high.
After finishing the impulsive wave which consists of 5 Elliott waves price is printing the reactive wave in shape of zigzag ABC. The liquidity above the yellow line has been collected, now expect the clear deviation above it and crash. We are waiting for the bearish reversal bar inside this area to confirm market's intention to go down.
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⚡️⚡️Bitcoin analysis update
Hello, dear friends!
Bitcoin made couple tricky moves yesterday, but today finally has confirmed it's intentions to grow. We have been waiting for this pump in the wave 2 which is happening after wave 1.
This wave has target between the Fibonacci 0.5 and 0.61. This is the price range between $28300 and $29100. After that we expect the wave 3 to the downside.
Looking at the huge trendline, it's gonna be broken soon. This breakout can cause the extreme greed on the market.
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⚡️Bitcoin analysis update is ready on X (ex. Twitter). Read carefully and don't forget to smash the like button!
Читать полностью…⚡️BTC update
Bitcoin as printed bullish reversal bar under the alligator. Momentum changed. Every pump above $26450 will confirm the reversal.
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⚡️GALA - just one more dump!
Hello, dear friends!
Last time I have too many analysis updates on $GALA . Some of you could think that I am their ambassador, but it's not true. This asset just in the nice price range to accumulate some coins. You have already seen my global analysis that bottom is almost here.
Today I will show you the local price action analysis. the fact that price set the new lower low means that we are in new bearish impulsive wave. I think this is wave 5. This wave should also consists of 5 waves. It looks like wave 4 has been finished and wave 5 in wave 5 is in progress. I expect the dump slightly below current low. If Awesome oscillator will show divergence it's gonna be the nice reversal sign.
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