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
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.