This is my first idea and I hope to receive many comments in order to discuss together what is going on with BTC. Since I got lost when we where at 9k levels, I went back to my book and I feel like we are going to see and expanded ABC flat correction for my primary wave 4 . In expanded flat corrections with pattern 335 (abc,abc,12345) wave (B) goes beyond the beginning of wave (A) and wace (C) goes down more than the end of wave (A). So if we are in this case, we should go down to level 8400 usd. Please comment below your thoughts and ideas. This is not financial advise, it's only for discussion purpose.
코멘트
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Moving on Fib retracement levels
코멘트
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waiting for last drop before the reversal level 8350 could be a key level
거래청산: 타겟 닿음
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ABC flat correction completed. Hopefully we will see higher prices from now on.
i think you are right because no zigzag or triangle until now .
UnknownUnicorn1896036
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@hossamino, thanks! let's see how down we can get in this correction for buy-in at cheaper price.
hossamino
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@malditoduende, i hope to sea your analysis for some important coin like ltc usd .
UnknownUnicorn1896036
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@hossamino, You are right, that's an intresting one! If you have a look at the 4h chart we are in a critical point, we just found support on 50D MA and we are on the bottom of the the uptrend wedge and of the bollinger bands, but I don't know, if we break down we could go to 142 levels, it's hard to tell.
UnknownUnicorn1896036
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@malditoduende, sorry I meant we found support at 200D MA, but in 4h chart support is at 50 MA.
saxonlucius
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There is no way it's going back down to 8400. XBT will go to 11 and then sideways for a while. 8400 is very unlikely.
UnknownUnicorn1896036
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@saxonlucius, what level could be more reasonable for you? what do you think?