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Bitcoin (BTC/USD) Possible count to fill 2 GAP - CME

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CriptoAr
@criptoar
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Bitcoin is defining a trend looking at Halving this year

Meanwhile we can carry out different analyzes that indicate possible points of purchase or sale. These analyzes are of reference following the price trend.

We are in a phase of Bitcoin correction trend that some analyzes show us that it is over and others, that price correction is missing.

Today I performed an analysis to complete the 2 GAP of the CME, assuming that the correction is not finished.

Analyzing the graph we can see the first 3 waves would be formed.

  • Wave 4 could also be complete or reach the midline MA of 200 periods 1 day.

  • The 5 elliot wave will be approximately 0.786 of the price correction, which is seriously possible.

  • Projecting the fibonacci extension from wave 1 and 2 gives us that 1,618 for the 3 wave which was fulfilled and for the 5 could reach 2,618, approximately $ 7500.

What do you think, will it continue to correct the price of Bitcoin and fill the GAP or will we go up?

Leave your comment or your vote.

Your opinion and participation is important

I need the collaboration with your comment and your vote so I can devote more time to the analysis. Making a post takes time I need your collaboration.   If someone requires an analysis of a crypto, leave in comments which one it would be and if it receives many votes we analyze it.

The idea I have now is to leave the graphs and together we analyze possible objteitvos.

Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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We will continue monitoring To be attentive Protect your Investments

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Lately I have noticed that there is no good analysis on steem, everything takes time, I ask that as you read them leave your vote, it is a way to encourage you to continue making more reports, thanks.

Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same.

READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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