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RE: Continuous correction in bitcoin target 2500 - continua corrección en bitcoin objetivo 2500
I posted this just mins ago. You can see where the orders are resting and accumulating. Price will likely test both highs, liquidating both sides before making a decisive move.
Price may make 5 wave patterns, technically signalling a trend for the Elliot Wavers out there...but the trend will still remained contained within this price range.
There is obviously the chance for a quick turnaround, and we could see price take off in either direction. This is not the most likely scenario however.
Look for 3 wave patterns for the next as price bounces back and forth due to the influx of orders since it is at such a significant price point, as shown below.
nice analysis, close to my view.
ready to buy around 2500?
I just bought the pullback...the breakout of its price range!
You can see that price liquidated the stop orders...the red zones...and the blue rectangle represents a "no-mans's land" where orders won't be. So price doesn't have much of a choice to move up, most likely into consolidation...but still revert the middle/bottom of the price range at least.
I bought in the second red rectangle, when price stalled.
see thats
Look at this comparison I have made,
It is said that bitcoin is the gold of the future, because about 20 years ago they said the same thing about oil. Look how the oil behaves and how bitcoin has been doing the same
Will be that the market never lies and could have a fall, just meets your areas of analysis