BTCUSDT from 37332 to 48144 ( running flat ) wave target C We expect the target of wave C to be around 61.8% or less of the length of wave A if we are going to form a flat climbing wave pattern. This pattern indicates an acceleration of the price reversal in the opposite direction. This is exactly what happened in wave C, strong rally, big candles From 43,770 to 48,144
Router calculation from 37332 to 46700 wavelength A 46700 - 37332 = 9368 To calculate the assumed target according to the wave type we indicated It achieves 61.8 or less A . length So 9368 x 61.8% = 5789 We add the number to the bottom of the wave B 5789 + 43770 = 49559 That is, we can reach this number or less, and this is what has happened so far, with the price reaching 48144 With a difference of 1415 Add to drawing as well 61.8% is equivalent to 49559 50% is equivalent to 47348 38.2% is equivalent to 47,348 23.6% is equivalent to 45,980 And notice in the movement that the price is moving between 47348 and 45980 That is, the price is currently moving between 23.6 and 38.2 of the length of the wave A So far, the analysis is very logical according to the movement and genre, and it took me a lot of time and effort To re-analyze and think to reach the closest analysis, to the kinetic matching of the price Have they finished the uptrend or not? According to Elliott's theory It is this type of wave that we can achieve the target 49559 or less And it was 48144. Was he satisfied with it? (I think yes) Especially since we calculated five ascending waves in the previous analysis and mentioned the point 47887 It is a bullish target, and if it exceeds it we move upwards by expanding the trend And the negative sign is a break of 45,980
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Now notice the point we talked about in the previous analysis, which is 45564 We confirmed that breaking it would cancel the scenario of ascending to the 50000 level Reached the lowest level so far 45519 Stop and respect the great efforts. To your little brother to determine the points If 45,564 is broken, we will see 44000 and then 42420 In general, this point is strong and it is natural to start from it or at least stop at this point 45564 for a period of time As shown in the figure 45564
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Update on what happened so far From the highest point 48144 to the lowest 45500
We were talking about that the 45564 point is a strong point and the possibility of going up or stopping for a period of time This is exactly what happened Moreover, it has formed five descending waves from 48144 to 45500 minimum. Any rise now will be followed by a decline Officially, the bullish wave has ended and we have entered a bearish wave that broke 45564 and is heading to 44,000 and then 42420 in the future.
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Since we have not yet broken 45564 The upside scenario and achieving the target is still 49559 - (50653 - 51083 - not exceeding 52663)
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Still the two most important points of all 47887 and 45564 If we want to go up and achieve the goal to the top, we must cross 47887 And breaking 45,564 we achieve the landing goals These amazing points This was the last ascent among these amazing points
After achieving the last peak at 48144 Coming down from that peak, the waves become tangled, and it's hard to read accurately So we follow the most important points 47887 and 45564 Good luck everyone Good evening
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Obviously we are creating a knot triangle Its internal structure is ABCDE 3-3-3-3-3 This type of wave comes at the end of the bullish wave, which is a clear indication of the end of the bullish wave and the reversal of the bullish to bearish trend. I'll attach an analysis to make the picture clearer, but I don't have time for that right now The important thing is that we know that we are at the end of an uptrend and that the reversal is very close from bullish to bearish
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Sorry wave name CONTRACTING TRIANGLE
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Thank God the analysis agrees 100%. And being the first bearish wave in five waves from 48053 to 45239 Now it will rise to 38.2 to a maximum of 61.8 of the length of this wave and then fall again Congratulations on technical analysis, even if the wave before it was very confusing 38.8 equals 46313 61.8 equals 46978 The bullish wave ended completely and the highest point was 48144 and the other peak was 48053 It did not exceed 49559, which we referred to as the target or less I'm really surprised.... congrats for myself first and you second Warm applause guys The real points were more than wonderful, especially 47887 and 45564
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I am sorry for the speed of writing and my eagerness to transfer the information 38.2, not 38.8. There is an error due to the speed of writing
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