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According to sources, members of the Irish Football Association have approved a resolution calling on UEFA to suspend Israels participation in European competitions.On November 8th, the Russian Ministry of Defense reported that Russian armed forces launched a large-scale attack on Ukrainian military-industrial enterprises and related energy facilities using high-precision weapons from the night of November 7th to the early morning of November 8th, hitting all targets. The report stated that the high-precision weapons used by Russia included the Kinzhal hypersonic ballistic missile. Russian air defense systems shot down 178 Ukrainian drones and two guided-missile bombs in the past 24 hours. According to reports from the Ukrainian Air Force and various levels of government agencies on November 8th, from the night of November 7th to the early morning of November 8th, Russian forces launched a large-scale missile and drone attack on Ukraine, damaging energy and railway facilities in Poltava, Kharkiv, Kyiv, and Dnipropetrovsk regions. Emergency power outages were implemented in multiple areas, including Kyiv, Kyiv, and Kharkiv. As of the morning of November 8th, the attacks had resulted in four deaths. The Ukrainian State Electricity Company posted on social media that day that several Ukrainian regions were experiencing emergency power outages due to the airstrikes, and industrial users continued to experience power rationing.Egypts Ministry of Petroleum: A new shipment of liquefied natural gas, amounting to 150,000 cubic meters, has been exported to Greece via a vessel chartered from Shell.On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.

Deep Dive into Bitcoin’s Elliott Wave Count

Jimmy Khan

Mar 02, 2023 15:35

微信截图_20230302114650.png

Additional Fifth Wave?

We discovered using the Elliott Wave Principle (EWP) for Bitcoin (BTC) two weeks ago that resistance is currently at $25.5K, in contrast to the more normal connection between the 5th wave and the first and third waves, which is frequently 0.618x the entire W-i+iii rise. 

Therefore, we can accept higher values and the achievement of our $27-28K goal zone as long as Bitcoin can maintain a price above $22.5K.


Bitcoin peaked at $25.3K the day after, exactly at the resistance, and fell to $22.8K over the weekend. Is the optimal goal of $27–28K still attainable—keep in mind that markets do not have to be perfect—then? Bitcoin is no exception to the trend of prolonged 5th waves in cryptocurrencies. In this scenario, as shown in Figure 1 below, the weekend drop represented a 62% retracement of the February rise.


As a result, we can set up in a beautiful green W-1, 2. We can allow for this configuration as long as the lows reached this weekend hold (thus, these lows can be used as a stop loss). To be confirmed, this option will need to break out above the February highs ($25,333) without falling below them. Then, we can anticipate a recovery that will, ideally, reach $31K+/-500.


The Bears are given a strong caution if Bitcoin descends below this weekend's low, which could lead to a drop to the red W-iv low. Below that, the possibility depicted in Figure 2 below becomes more probable.