[10/24] Beast Trading _ Today's Bitcoin Analysis
[10/24] Beast Trading _ Today's Bitcoin Analysis
It hit a low of 18650 on the 21st, and rose to around 197 with a rebound this morning.
We see three directions on the Elliott wave, and I'll start with the first red perspective.
[1] Red - less than C
I think ABC started from 18.1k. From 18.1k to 19.8k, the A wave, and after the B wave fell, the C wave rose by nearly 0.618 (61.8%) of the A wave
We are also considering this view because the buying trend is weaker than other zigzag waves, so the C wave may have been shorter.
From this point of view, strong downward fluctuations can begin, starting with the 19.7k high.
*When this view is discarded - If it exceeds 19.7k again, this view is abolished!
[2] Standard ABC Zigzag
18.1k ~ 19.8k : A
19.8k ~ 18.6k : B (abc)
C-wave rise is underway from 18.6k.
In this case, we will go to pierce 19.7k, the high point formed at dawn, and it seems that it can rise to 20.4k, where the ratio of A to C is 1:1.
*When this view is discarded - 18650 When it is breached, it is discarded!
[3] Convergence - abcde triangle
It's a view that it's converging from 18.1k.
It is moving within a triangular convergence, meeting the trading volume conditions of the triangular convergence (the trading volume must gradually decrease).
So far, a, b, c have appeared, and the direction is likely to come out after d, e waves.
If you can't break through 19.7k and rebound around 19k, the convergence perspective is likely.
*When this view is discarded - Peggy if one of the top and bottom of convergence is pierced immediately without support or resistance
+ The 19k to 19.2k section is the selling point that has been formed for the past few days.
Currently, it is located above the sales floor, so I think that seat will be the support section.
It hit a low of 18650 on the 21st, and rose to around 197 with a rebound this morning.
We see three directions on the Elliott wave, and I'll start with the first red perspective.
[1] Red - less than C
I think ABC started from 18.1k. From 18.1k to 19.8k, the A wave, and after the B wave fell, the C wave rose by nearly 0.618 (61.8%) of the A wave
We are also considering this view because the buying trend is weaker than other zigzag waves, so the C wave may have been shorter.
From this point of view, strong downward fluctuations can begin, starting with the 19.7k high.
*When this view is discarded - If it exceeds 19.7k again, this view is abolished!
[2] Standard ABC Zigzag
18.1k ~ 19.8k : A
19.8k ~ 18.6k : B (abc)
C-wave rise is underway from 18.6k.
In this case, we will go to pierce 19.7k, the high point formed at dawn, and it seems that it can rise to 20.4k, where the ratio of A to C is 1:1.
*When this view is discarded - 18650 When it is breached, it is discarded!
[3] Convergence - abcde triangle
It's a view that it's converging from 18.1k.
It is moving within a triangular convergence, meeting the trading volume conditions of the triangular convergence (the trading volume must gradually decrease).
So far, a, b, c have appeared, and the direction is likely to come out after d, e waves.
If you can't break through 19.7k and rebound around 19k, the convergence perspective is likely.
*When this view is discarded - Peggy if one of the top and bottom of convergence is pierced immediately without support or resistance
+ The 19k to 19.2k section is the selling point that has been formed for the past few days.
Currently, it is located above the sales floor, so I think that seat will be the support section.
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