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$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
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🔔Wave paths
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🔔Fibo
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🔔 Path to $150K shall look like this
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🔔Concetration of Supports and Resistances
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Sharing for educational purposes!

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

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.