Bitcoin analysis update [By Ivan | Skyrex]
Hello, dear friends!
I've received numerous requests for a Bitcoin analysis. For the past couple of months, I haven't manually executed trades. The sole reason I'm creating this post is for you, my dear followers!
Now, let's dive in! The global scenario has me a bit confused, but I can certainly tell you that a price range between 40k and 48k is likely to unfold in the next 2-3 months.
I'm considering a 5 Elliott waves cycle on the local 4-hour chart. It appears that we've reached the end of wave 3 of any degree, confirmed by a bearish reversal bar. Therefore, expect a retracement to the 0.38 Fibonacci level, approximately 41k. Afterward, a pump to 45-46k is likely before a significant correction.
Follow us and never miss update
I've received numerous requests for a Bitcoin analysis. For the past couple of months, I haven't manually executed trades. The sole reason I'm creating this post is for you, my dear followers!
Now, let's dive in! The global scenario has me a bit confused, but I can certainly tell you that a price range between 40k and 48k is likely to unfold in the next 2-3 months.
I'm considering a 5 Elliott waves cycle on the local 4-hour chart. It appears that we've reached the end of wave 3 of any degree, confirmed by a bearish reversal bar. Therefore, expect a retracement to the 0.38 Fibonacci level, approximately 41k. Afterward, a pump to 45-46k is likely before a significant correction.
Follow us and never miss update
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter:
skyrexio.com
🔥 Win share of 20,000 USDT in Skyrexio x Bybit competition
bit.ly/skyrexiobybit
Trade smarter:
skyrexio.com
🔥 Win share of 20,000 USDT in Skyrexio x Bybit competition
bit.ly/skyrexiobybit
İlgili yayınlar
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.