After reaching $65k last week, it appears that BTC has topped, at least for the near term. See my previous analysis on that:
Looking back, we can now safely say that the bullish Elliot wave pattern has finished and that we're currently in the first corrective wave A of the Elliot wave theory. Be aware that point A on the chart might go lower from here, I put it there for illustration. It has to stay above point 4 for the theory to be valid.
Assuming that the Elliot wave theory holds, we might soon see a recovery of the price towards the $55k area. In the end, this correction could launch us back towards $40k, potentially even lower, before starting a new bullish push. I'm still bullish for the remainder of the year, but this might be the first strong correction of the current bull-run.
Happy trading!
Looking back, we can now safely say that the bullish Elliot wave pattern has finished and that we're currently in the first corrective wave A of the Elliot wave theory. Be aware that point A on the chart might go lower from here, I put it there for illustration. It has to stay above point 4 for the theory to be valid.
Assuming that the Elliot wave theory holds, we might soon see a recovery of the price towards the $55k area. In the end, this correction could launch us back towards $40k, potentially even lower, before starting a new bullish push. I'm still bullish for the remainder of the year, but this might be the first strong correction of the current bull-run.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.