Bitcoin
Short

$BTCUSD - #Bitcoin cycle analysis

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Hi guys! 👋🏻

🔔I'd like to share with you my current Bitcoin BTCUSD analysis here.

🔔 The last correction is taking an impulse 5-wave structure, it seeems like we are about to complete the 5th wave of the Intermediate A, bounce back to $102K to complete the B and drop back to the levels near $70K - 64K to complete the correction.

🔔 I know it sounds disappointing but we need a correction to regain power. Now, before throwing tomatoes, please see cycle charts below. And never underestimate the power and rules of cycles in the market.

🔔 Why channels always matter
snapshot

🔔Wave paths
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🔔Fibo
snapshot

🔔 Path to $150K shall look like this
snapshot

🔔Concetration of Supports and Resistances
snapshot

Sharing for educational purposes!

✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.

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