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#BTC can go down again

- In a similar place Feb-Mar.23 #BTC once again went down by the value of the first range

- We are waiting for the fall of #BTC and a reversal figure

Bullish

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#BTC - correction ends

Breakout of the wedge pattern. The goal of the movement (1-32500, 2-35600) is one or two distances from the minimum value of this figure to the maximum value, delayed from the breakdown of the upper border.

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#Dominance - altseason 2023.

We follow the pattern of 2017. This month #BTC should make a breakthrough to $45,000, and #BTC.Dominance , in turn, should then reach the upper limit of the trend (right chart 2023), and after that there will be an altseason #BTC.D

Bullish

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#WAVES - first goals

Technical analysis of the chart:

- Breakout of the long-term wedge pattern. The goal of the movement ($3.4) is one distance from the minimum value of this figure to the maximum value, delayed from the breakdown of the upper border. There may be a correction at the $2.5 mark;

- At $3.4, there will be the upper limit of the six-month trend.

Keep $WAVES up to 3.4$

Bullish

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#BTC ($BTC) - first targets

Breakout of the long-term wedge pattern (left 1D chart). The goal of the movement (32000) is one distance from the minimum value of this figure to the maximum value, delayed from the breakdown of the upper border.

Breakout of the long-term “cup and handle” pattern (right 1H chart). The goal of the movement (45000) is one distance from the minimum value of this figure to the maximum value, delayed from the breakdown of the upper border.

Bearish

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#BTC - by time

We thought that the correctional wave C would not go below $24,000 and $BTC would go up the pattern of 2019 this month (we wrote in earlier posts). But the downward trend continues, and the figure breaks down.

Let’s analyze BTC by time, comparing it with the pattern for 2021:

2021: growth was 141d + fall 75d = 216d

2023: growth was 144d + fall lasts 65d = 209d

We believe that BTC will complete correctional wave C around 20750 within a week. We are waiting for a fall, and then a reversal figure.

Bearish

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#BTC - pattern 2021 will end

A complex five-wave according to Elliot took place as in 2021. And now the correctional wave C is still moving lower, to the area of 24,000 (I don’t think we’ll go to 23,000-21,000). We are waiting for another fall at $BTC , and then a reversal figure.

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#BTC - growth according to pattern 2019

The first six months we grew according to the 2021 pattern. We made a complex five-wave pattern according to Elliot, as in 2021. The only thing we thought was that correctional wave C would go lower, but if by the end of May we still didn’t reach 21,000-23,000, then apparently there was a puncture to 25,800 - that was the entire correction.

Now we believe that the growth will continue, and now it can be compared with the 2019 pattern, only with some differences in the Elliott wave analysis.