#BTCUSD next week prediction

21 Tem

In BTC, we are either in wave 5 of iv, which could mark the end of the rally that started on July 5th, leading to an abc corrective move as indicated by the dotted line.

Alternatively, we could be in wave 5 of iii. In this scenario, we might see a bearish corrective move followed by wave iv, which would then complete the rally.

In either case, it appears that we are approaching a top, and the extent of the impending bearish move depends on the wave count.

Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.

25 Tem

Not

Price so far has behaved exactly as I anticipated, following the path of our main scenario. We are completing wave 4, and therefore, we can expect another bullish move to occur, completing wave 5 and, consequently, wave 1.

27 Tem

Not

So far, Bitcoin has moved exactly as anticipated. However, in this recent bullish move, there appears to be a lack of participation, as the volume hasn't increased as much as expected.

Therefore, we might be dealing with the end of a leg b of an ABC flat-type corrective move. Consequently, we could see another bearish move to complete wave 4 correction.