Bitcoin Ethereum Analysis Every damn Sunday
As in the eponymous film with Al Pacino, the Bitcoin likes to make big leaps over the weekend. So this weekend the price could rise more than $ 1500 dollars. As a result, we have adjusted our count even higher. We assume that as long as we do not exceed the high of wave iii in brown, we are currently in wave iv in brown. This corrective wave has your ideal target of Fibonacci Retracements 36.2% and 50% in the $ 8700 - $ 9000 range. Reaching this area is also our primary expectation.
It should be noted, however, that the absolute minimum of this correction has already been reached with the start of the 23.6% retracement at $ 9,286. So there is a possibility that after the short reset, we are already in wave v in brown, and we need to expand the last few meters of this impulse. However, this is currently the alternative expectation that we only see in the foreground when breaking above the last high of wave iii. By no means do we want to see the price below the $ 8350 level so as not to jeopardize the ongoing upward movement. To stay with the description of the updates with film titles, one could say to Ethereum: "nothing new in the West". Just a new all-time high, which has already become almost normal within the crypto currencies. Anyway, we continue to see Ethereum heading towards $ 650. What we observe here is a classic increase in a third degree impulsive wave.
Without doing the self-pat on the back, with all the price phnomes of the past 6 weeks, we were and are fully on the line, both in climbs and in the correction phases, which rarely take longer than one to two days.
It should be noted, however, that the absolute minimum of this correction has already been reached with the start of the 23.6% retracement at $ 9,286. So there is a possibility that after the short reset, we are already in wave v in brown, and we need to expand the last few meters of this impulse. However, this is currently the alternative expectation that we only see in the foreground when breaking above the last high of wave iii. By no means do we want to see the price below the $ 8350 level so as not to jeopardize the ongoing upward movement. To stay with the description of the updates with film titles, one could say to Ethereum: "nothing new in the West". Just a new all-time high, which has already become almost normal within the crypto currencies. Anyway, we continue to see Ethereum heading towards $ 650. What we observe here is a classic increase in a third degree impulsive wave.
Without doing the self-pat on the back, with all the price phnomes of the past 6 weeks, we were and are fully on the line, both in climbs and in the correction phases, which rarely take longer than one to two days.
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