A large bullish structure has been completed, and we now believe the market is in an X wave. At this stage, the X wave appears to be unfolding as a Flat correction. While we can't say this with certainty yet, it's still too early to draw firm conclusions about the overall structure of the X wave.
Wave A of this X wave currently looks like either an Expanding Triangle or a Diametric pattern, and we appear to be in the middle of wave E of that formation.
We expect this wave to complete within the green zone, followed by a bullish reversal toward a new ATH in the form of wave G.
The Optimized zone is one of the strongest areas where a new all-time high could be established.
This is the weekly timeframe, so the completion of wave A of X will likely take some time.
This is our current outlook and long-term view on Bitcoin. Let's see how the market unfolds.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think BITCOIN is bearish?
Wave A of this X wave currently looks like either an Expanding Triangle or a Diametric pattern, and we appear to be in the middle of wave E of that formation.
We expect this wave to complete within the green zone, followed by a bullish reversal toward a new ATH in the form of wave G.
The Optimized zone is one of the strongest areas where a new all-time high could be established.
This is the weekly timeframe, so the completion of wave A of X will likely take some time.
This is our current outlook and long-term view on Bitcoin. Let's see how the market unfolds.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think BITCOIN is bearish?
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.