BTC / USDT - Medium term, wave 4 and 5
Bitcoin appears to be in Wave 4 of a 5-wave cycle.
• The bottom of Wave 4 likely occurred around mid-August.
• The current impulse should:
• Decisively break the blue trend line.
• Retrace to sit on the trend line for waves 2, then proceed to waves 3, 4, and 5.
• The dashed line represents the length of Wave 1, which is often matched by the length of Wave 5.
• If there is a decisive breach of the upper trend line without re-entering the channel, it confirms we are in the 5-wave impulse.
• Once Wave 5 is complete, a corrective phase could begin, potentially lasting until Christmas.
• The bottom of Wave 4 likely occurred around mid-August.
• The current impulse should:
• Decisively break the blue trend line.
• Retrace to sit on the trend line for waves 2, then proceed to waves 3, 4, and 5.
• The dashed line represents the length of Wave 1, which is often matched by the length of Wave 5.
• If there is a decisive breach of the upper trend line without re-entering the channel, it confirms we are in the 5-wave impulse.
• Once Wave 5 is complete, a corrective phase could begin, potentially lasting until Christmas.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.