Dominance forms a triangle hourly level
If we compare the price with the dominance, the dominance seems to be leading the way in the last few days in the bitcoin price.
If it breaks higher, it could be the momentum Bitcoin is missing to complete its 5 bullish elliot waves.
A daily chart level of Bitcoin price.
We see in the graph candlesticks in the last days with price trending upward with candlesticks and wicks trending upward
At the hourly level
We see the price of Bitcoin oscillating between a range, if it breaks upwards, we would be in an elliot wave 5.
Dominance rises today to almost 52% while bitcoin is in a short-term range, in the medium term the price is defined an upward trend.
This means that Bitcoin continues to be the option chosen by investors, today and for some time to come, meanwhile the alcoins will have to wait.
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 !!!
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Spanish
Bitcoin (BTC/USDT) ¡¡¡La fuerza de Bitcoin se hace notar!!!. Dominancia forma triangulo ascendente (ENG-ESP)
La dominancia forma un triangulo nivel horario
Si comparamos el precio con la dominancia, la dominancia parece estar marcando el camino en los ultimos dias en el precio de bitcoin
Si rompe al alza podria ser el impulso mas que le falta a Bitcoin para completar sus 5 ondas de elliot alcista.
Un nivel de Grafico diario del precio de Bitcoin.
Vemos en el grafico velas en los ultimos dias con precio con tendencia al alza con velas y mechas con tendencia al alza
A nivel horario
Vemos al precio de Bitcoin estar oscilando entre un rango, de romper al alza, estariamos en una onda 5 de elliot.
La dominancia sube hoy hasta casi un 52% mientras bitcoin esta en un rango a corto plazo, a mediano plazo el precio esta definido una tendencia al alza.
Esto quiere decir que Bitcoin sigue siendo la opcion elegida por los inversores, hoy en dia y por algun tiempo mas, mientras tanto las alcoins tendran que esperar.
Que piensas? Comenta. Gracias
Dejo analisis Bitcoin de 15000 a 63000. Fibonacci
El rompimiento del canal podria indicarcon que la correccion a mediano plazo podria esta completa.
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?
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.
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?