How far can #BTCUSDT go?
Is the top close, before we see a bigger pull back?
Will We See Bitcoin Over $100k?
I think that at this moment, although we have great euphoria that we will very soon see a break above the magical $100k, at least according to some other indicators, we may see an all time high (ATH), but I think that after that we will see that bigger pull back.
https://www.tradingview.com/x/ZmU7Dxt4/
We have that before (I pointed 2 years ago) and even I give where can be bottom.
https://www.tradingview.com/x/EynHmsOH/
https://www.tradingview.com/x/jmYRgTZS/
If that happens, some will call it "fakeout" or "deviation", but I think it could just be an EXPANDING FLAT that often appears as a correction, very often as the fourth wave in the Elliott wave fraction.
https://www.tradingview.com/x/CTvg0Se1/
B wave, from ABC correction, as a rule, ends beyond the beginning of A wave (in this case it is ATH), 105% - 138% of wave A, while the target for C (the final leg of ABC) is 123.6% - 161.8% of wave AB.
Several indicators, if we see a new ATH soon, will create divergences (RSI, AO, etc.), which can usually be an indication of an exhausting movement.
Also for this idea I see a couple of harmonic patterns that make confluences for these targets. As I said, the price has not yet reached those areas, but this is something I will keep in mind if we see the new ATH soon.
https://www.tradingview.com/x/Gq0jotAw/
It is also interesting to see on the 1D time frame some harmonic patterns that were very important in certain moments.
I hope for everyone who wants to see Bitcoin over $100k soon, that this idea will not be correct.
In any case, time will tell if I am right and I will try to update as soon as I see some important changes.
Is the top close, before we see a bigger pull back?
Will We See Bitcoin Over $100k?
I think that at this moment, although we have great euphoria that we will very soon see a break above the magical $100k, at least according to some other indicators, we may see an all time high (ATH), but I think that after that we will see that bigger pull back.
https://www.tradingview.com/x/ZmU7Dxt4/
We have that before (I pointed 2 years ago) and even I give where can be bottom.
https://www.tradingview.com/x/EynHmsOH/
https://www.tradingview.com/x/jmYRgTZS/
If that happens, some will call it "fakeout" or "deviation", but I think it could just be an EXPANDING FLAT that often appears as a correction, very often as the fourth wave in the Elliott wave fraction.
https://www.tradingview.com/x/CTvg0Se1/
B wave, from ABC correction, as a rule, ends beyond the beginning of A wave (in this case it is ATH), 105% - 138% of wave A, while the target for C (the final leg of ABC) is 123.6% - 161.8% of wave AB.
Several indicators, if we see a new ATH soon, will create divergences (RSI, AO, etc.), which can usually be an indication of an exhausting movement.
Also for this idea I see a couple of harmonic patterns that make confluences for these targets. As I said, the price has not yet reached those areas, but this is something I will keep in mind if we see the new ATH soon.
https://www.tradingview.com/x/Gq0jotAw/
It is also interesting to see on the 1D time frame some harmonic patterns that were very important in certain moments.
I hope for everyone who wants to see Bitcoin over $100k soon, that this idea will not be correct.
In any case, time will tell if I am right and I will try to update as soon as I see some important changes.
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