idfk

BTCUSD sideways before another leg up?

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BYBIT:BTCUSDT   BTCUSDT SPOT
I am under the perspective we are in EW correction count 4. I have found a nice fractal which could support the idea.

I will also post a HTF picture under this post, the 1-1 FIB extension gives a very nice target of 88.000$
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The 1-1 FIB extension gives a perfect confluence with the 1.618 FIB expansion
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I have updated my corrective wave 4 and believe the bottom is almost in. I am foreseeing 1 final wave down towards 55100 - 54800 area to complete de ABC correction.
When we take a closer look at the 15 min TF I can see a Cypher harmonic forming:
This would make a perfect confluence with my expanded ABC flat idea and also is in confluence with the 0.5 FIB retracement of wave 3.
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.