BTCUSD is not strong enough each time corrections are deeper

AS we can see and is obvious I try to separate previous corrections after reaching ATH .

and lets take look at it and see what is going on on daily charts .

Notice: each time that new ATH found we separate rise and correction with different colors

first wave that separated with red rectangles and is left chart :
new ATH(all time high) found on 21 Feb and price had 50% of gain ,correction and BTC start to pump and reaching another ATH

second wave that separated with Blue rectangles and is middle chart :
new ATH(all time high) found on 13 March and price had 61% of gain ,correction and BTC start to pump and reaching another ATH

third wave that separated with Black rectangles and is right chart :
new ATH(all time high) found on 14 April and price lost about 90% of gain and we can not call that correction any more and BTC is showing weakness .

so maybe again price touch 60 K once again and start to fall to our targets that shown with red paths or it fall sooner and we reach targets sooner that we expect

Targets we are looking for :
A. 50000
B. 47000
C. 42000

Notice :maybe and maybe market strength once again and break 60K too but that would not be easy like previous times

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Yorum:

share your ideas and opinion in comment session for sure is needed

fall or rise ?
more range is needed ?
or it is starting ?

İşlem kapandı: hedefe ulaştı:

Target A reached

Yorum:

next support zone ahead 45K: