Hello, dear friends!
I've received numerous requests for a Bitcoin analysis. For the past couple of months, I haven't manually executed trades. The sole reason I'm creating this post is for you, my dear followers!
Now, let's dive in! The global scenario has me a bit confused, but I can certainly tell you that a price range between 40k and 48k is likely to unfold in the next 2-3 months.
I'm considering a 5 Elliott waves cycle on the local 4-hour chart. It appears that we've reached the end of wave 3 of any degree, confirmed by a bearish reversal bar. Therefore, expect a retracement to the 0.38 Fibonacci level, approximately 41k. Afterward, a pump to 45-46k is likely before a significant correction.
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I've received numerous requests for a Bitcoin analysis. For the past couple of months, I haven't manually executed trades. The sole reason I'm creating this post is for you, my dear followers!
Now, let's dive in! The global scenario has me a bit confused, but I can certainly tell you that a price range between 40k and 48k is likely to unfold in the next 2-3 months.
I'm considering a 5 Elliott waves cycle on the local 4-hour chart. It appears that we've reached the end of wave 3 of any degree, confirmed by a bearish reversal bar. Therefore, expect a retracement to the 0.38 Fibonacci level, approximately 41k. Afterward, a pump to 45-46k is likely before a significant correction.
Follow us and never miss update
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.