$BIO little by little the price is marking patterns and seems to be forming a descending wedge, which usually breaks upwards, which would confirm the pattern to return to 0.75 and surpassing them to achieve the target of the pennant with a very good mast, my strategy in this currency is long term
$BIO too young to analyze however I do not see a bearish pattern rather it seems to be forming a bullish flag, for it to be valid it must recover 0.76, I will continue to buy little by little
#usual Important point, 1 dollar will be important psychologically, the chart presents a probable correction to the area of 0.7 according to Wolfe, however, the chart is quite young to give a precise interpretation; it could be a wave 5 aimed at 0.7, but I see more probability that it is just forming a wave 3 to start with a Wolfe wave 4 aimed above 2.5. Either way, it will be interesting; I bet on the bullish side, and that the dollar will be a strong support.
$BTC As we explained previously, it has respected the Fibonacci levels, leaving us now with two scenarios: a Wolfe wave behavior that catapults us to new highs or a bearish movement by Elliot waves that returns us to 30k, the good news is that both scenarios send us to an entry around 41k, so operating short BTC or another crypto can be a good option.
$BTC Despite the rebound, the price seems to be resisting at the last fibo, so we cannot rule out the start of a wave 3 with destination 36k, which would imply a 40% drop on the current price.
$BTC presents in the short term a confirmed Wolfe wave 5, which would send us to the 54,500 area, therefore several bearish daily candles are expected at least until August 18, the date that Wolfe's method tells us to reach the objective.
$BTC seems to have broken the chartist figure of an HCH that would mark the beginning of a correction, however it is common to see this false recovery of the clavicular line to continue the bearish path