ELLIOT WAVE PREDICTION [Bearish Prediction]
Wave 2 cannot retrace more than 100% of Wave 1.
It can go deep, but not lower than the start of Wave 1.
Wave 3 cannot be the shortest of the three impulse waves (1, 3, and 5).
Often, Wave 3 is the longest and most powerful.
Wave 4 cannot enter the price territory of Wave 1.
This means no overlap between Waves 1 and 4 in a standard impulse.
Wave 5 must move in the direction of the overall trend.
It completes the five-wave impulse sequence.
BULL FLAG PREDICTION [Bullish Prediction]
Strong Uptrend (Flagpole)
Consolidation (Flag)
Measured Move Target - we want to see volume coming out of our consolidation phase. $150k would be a nice ATH
BTC (MAXI)
Market sentiment (IMO) :
The dollar has fallen -10% this year.
- Less Trust in the Dollar. #bitcoin #ethereum #vechain #ada #xrp #ltc
Conflicts overseas usually push prices up because they threaten oil supplies.
-Wars spark spikes in oil, food, gas and metals due to disrupted supply chains. Historically, most commodity prices double during conflicts
Wave 2 cannot retrace more than 100% of Wave 1.
It can go deep, but not lower than the start of Wave 1.
Wave 3 cannot be the shortest of the three impulse waves (1, 3, and 5).
Often, Wave 3 is the longest and most powerful.
Wave 4 cannot enter the price territory of Wave 1.
This means no overlap between Waves 1 and 4 in a standard impulse.
Wave 5 must move in the direction of the overall trend.
It completes the five-wave impulse sequence.
BULL FLAG PREDICTION [Bullish Prediction]
Strong Uptrend (Flagpole)
Consolidation (Flag)
Measured Move Target - we want to see volume coming out of our consolidation phase. $150k would be a nice ATH
BTC (MAXI) Market sentiment (IMO) :
The dollar has fallen -10% this year.
- Less Trust in the Dollar. #bitcoin #ethereum #vechain #ada #xrp #ltc
Conflicts overseas usually push prices up because they threaten oil supplies.
-Wars spark spikes in oil, food, gas and metals due to disrupted supply chains. Historically, most commodity prices double during conflicts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.