A few days ago I showed a bullish bitcoin pattern, it may be repeating and the week candle shows it
Good closing weekly candle in the price of Bitcoin. A price consolidation candle at 30,000.
In the past week we have seen a sharp fall and rally above 30,000 in order to liquidate leveraged positions in price.
Some analysts say that it is good that bitcoin has recovered 30,000. If we look at the weekly price candle, there were almost no changes, we are the same as a week ago. There is no recovery, there is price consolidation.
Bitcoin, In search of a boost More.
The bullish pattern that may be repeating itself was developed in previous posts.
A summary is that we may be repeating the 1, 2 price movement that bitcoin developed in the previous months.
In which we see a bullish momentum with a large weekly candle, a consolidation period and another bullish weekly candle.
At time 2 the consolidation period lasted 3 weeks, now we are in the second week of price consolidation in Bitcoin.
How many weeks do you think we may be consolidating before the next push to the upside?
Comment what do you think?
I leave Bitcoin analysis from 15000 to 63000. Fibonacci
As I mentioned above, the break of the channel could indicate that the medium-term correction could be complete.
If we measure by fibonacci, the entire bullish cycle, it only corrected 38%, which would indicate either that there is a lack of correction or that bitcoin's momentum would be very bullish in the long term. What do you think?
If we apply elliot waves we could complete the first 5 waves of wave 1, of the great upward momentum, as well as its correction. (waves 2)
If we measure, wave 3 would be giving, at 2.63 fibonacci extensions, for the target of 63,000 dollars,
Analyzing a time line, we could reach the goal, by the end of 2023, then starting a new correction, until the possible May halving date, what do you think?
What do you think
Leave your comment, thank you !!!
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.
Spanish
Bitcoin. Bang.!!! Consolida repitiendo patron alcista. De 15000 a 63000 dolares (ENG-ESP).
Hace unos dias mostre un patron alcista bitcoin puede estar repitiendo y la vela semana lo demuestra
Buen cierre vela semanal en el precio de Bitcoin. Una vela de cosolidacion del precio en 30000.
En la semana que paso vimos una abrupta caida y recuperacion por encima de 30000 con el fin de liquidar posiciones apalancadas en el precio.
Algunos analistas, hablan de que es bueno que bitcoin haya recuperado los 30000, Si miramos la vela semanal del precio no hubo casi cambios estamos igual que hace una semana. No hay una recuperacion hay consolidacion del precio.
Bitcoin, En busqueda de un impulso Mas.
El patron alcista que se puede estar repitiendo fue desarrollodo en post previo.
Un resumen es que podemos estar repitiendo el movimiento del precio 1, 2 que desarrollo bitcoin en los meses previos.
En el cual vemos un impulso alcista con una gran vela semanal, un periodo de consolidacion y otra vela alcista semanal.
En el momento 2 el periodo de consolidacion tardo 3 semanas, ahora estamos en la segunda semana de consolidacion del precio en Bitcoin.
Cuantas semanas piensas que podemos estar consolidadando antes del siguiento impulso al alza.
Comenta que piensas?
Dejo analisis Bitcoin de 15000 a 63000. Fibonacci
El rompimiento del canal podria indicarcon que la correccion a mediano plazo podria esta completa.
"Captura de pantalla 2023-06-20 a la(s) 10.39.00.png"
Si medimos por fibonacci, todo el ciclo alcista, solo corriguio un 38%, lo cual indicaria o que falta correccion o que el impulso de bitcoin seria muy alcista a largo plazo. Que piensas?
"Captura de pantalla 2023-06-20 a la(s) 11.13.15.png"
Si aplicamos ondas de elliot podriamos estar completas las primeras 5 ondas de la onda 1, del gran impulso al alza, como asi su correccion. (ondas 2)
Si medimos, la onda 3 estaria dando, en el 2,63 de extensiones de fibonacci, por el objetivo de los 63000 dolares.
"Captura de pantalla 2023-06-20 a la(s) 10.54.11.png"
Analizando una linea temporal, podriamos llegar al objetivo, para finales del 2023, comenzando luego una nueva correccion, hasta mayo fecha posible del halving, que piensas?
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