Bitcoin [BTC / USD]. Full analysis will have formed your 5th wave? (Short/long)

in #cryptocurrency7 years ago (edited)

The Bitcoin has had many bad days, as it had weeks coming down seemingly respecting the support of the 7,000$ but yesterday began it was on the rise. Recovering its price considerably in a very short time, and the good news is that the main analysts have said that it is time to buy as there is probably a massive correction in the entire market.

Case 1: Graphically analyzing the Bitcoin has been forming Elliot Waves since its decline of $13,000 yesterday has formed its 5th Wave. Just at the moment that the entire market was booming and went up, the rebound was close to $ 7,100 and its first wave is expected to be close to $9,000.

Case 2: For now we just have to wait because although right now its growth is obvious it could change its route if it fails to break the upper barrier (White Line), and if this happens it would continue to bounce inside the triangle forming more waves

But as I said earlier in any of the 2 cases the Bitcoin will go up, maybe in one case it would rise more than another but it should go up at least until the crossing of wave 1 with the higher support (Yellow line - White Line) which would be approximately between 8,000-9,000$.

As usual, I will leave my investment parameters to all those who enter the world of trading.

Investment parameters:

  • Buy now at: $ 7,596.41
  • Maximum loss before withdrawing the investment: $ 7,300.00
  • Maximum profit to withdraw the investment: $ 8,500.00
  • Maximum period: 20 to 30.

Additional tip: Do not invest if you need money in the short term; my analysis is an approximate prediction, therefore, I can delay it or anticipate it. If you want a much more complete accessory and with strong arguments, you can consult me ​​through Discord: @Alejandrofz95:#6951

Disclaimer, I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.

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