Hello, Skyrexians!
Last 2 months
BTCUSDT is struggling to continue growing and as we can see most of traders now are sure that bear market has been started already, but this time can be really different and this rally can lasts much longer than usual.
On the weekly time frame we can see that Fractal Trend Detector [Skyrexio] shows the strong bullish phase. Price was not able even to break the green support zone on the indicator. We suppose that the wave from $15k to
73K was just the wave 1 inside global wave 3. After that price retraced almost to 0.5 Fibonacci level and now this is wave 3 in global wave 3. This wave has a target zone between $140k and $200k. Currently price is finishing subwave 2 in wave 3. It looks like a flat correction. So, the target is not so deep, at 0.38 Fibonacci at $86k. From there we expect the huge rally inside the most impulsive wave C.
Best regards,
Skyrexio Team
___________________________________________________________
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Last 2 months
BTCUSDT is struggling to continue growing and as we can see most of traders now are sure that bear market has been started already, but this time can be really different and this rally can lasts much longer than usual.On the weekly time frame we can see that Fractal Trend Detector [Skyrexio] shows the strong bullish phase. Price was not able even to break the green support zone on the indicator. We suppose that the wave from $15k to
73K was just the wave 1 inside global wave 3. After that price retraced almost to 0.5 Fibonacci level and now this is wave 3 in global wave 3. This wave has a target zone between $140k and $200k. Currently price is finishing subwave 2 in wave 3. It looks like a flat correction. So, the target is not so deep, at 0.38 Fibonacci at $86k. From there we expect the huge rally inside the most impulsive wave C.Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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منشورات ذات صلة
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.
Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
منشورات ذات صلة
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.