The end of the bitcoin collapse for INDEX:BTCUSD by moneer618

The end of the bitcoin collapse

The end of the bitcoin collapse
You were warned about the collapse of Bitcoin on October 6, 2021
Today we plot the end of the Bitcoin crash from October 24-26, 2022
We anticipate the end of the Bitcoin bearish cycle between October 24 and 26, 2022
I set the margin seven days before and after, so it's between October 17 and November 2, 2022
target price area
1 - 17250 = 17830
16452 = 16950
And the most likely area
2 - 10588 = 10541
I will provide links to previous analyzes for those who want to review
It is not an invitation to buy or sell
Good luck everyone

MONEER 618

Note

Was the bottom break expected for Bitcoin?
Yes,,, hahahahahahahahaha

Note

It was only a delay from the expected time period.. to enter the descending wave to below 17622
What now
Shall we go to the 10588 bitcoin area?
Now we have entered the bearish target area for Bitcoin that was identified in the chart from 16174 to 10588.
This area will be the potential bottom for Bitcoin... and not to fall below it
I will do an analysis in the coming period to clarify the next bullish wave for Bitcoin from this area 16174 to 10588

Note

Thank you all followers

Note

This is the update, the end of the bearish wave for Bitcoin
Bitcoin wave (irregular flat wave pattern)
This model has a weighted ratio of 161.8% to 300%.
Therefore, the target is at 161.8%, equivalent to approximately 10672, according to the drawing
Second point:
Wave C > We talked about it being a triple zigzag
We are currently in the Z wave
The length of the Z wave is either equal to the Y wave or is only 61.8% of the total length of the Y wave
The Y wave length is from 48189 - 17622 = 30567
30567 x 61.8% = 18890
The crest of X wave is 25211
25211 - 18890= 6321 Z wave target
Abbreviation :
The target ranged from 10672 to 6321
The end of the bearish wave for Bitcoin
The expected time
26 Jan to 19 Feb 2023
==================
In addition, we will have an upward correction
Around November 29th

Note

This wave may be a correction for Bitcoin of the type (Running Flat).
That is, wave C at its minimum target is about( 61.8% = 17089) of the length of wave A or less, and it does not exceed the top of wave A at 18200.

In addition, we will have the end date of wave 29 NOV
This date is expected to be a downward reversal

Note

The next bearish target for Bitcoin is between 14157---13984

Note

So far, I do not think that Bitcoin reversed the trend from bearish to bullish..
And with that rise and a lot of excessive optimism.. which I think is misplaced.
I think Bitcoin should be registered with a minimum of 10672

Note

In addition, we follow the date of JAN 23 as the price reversal date
Which we talked about on November 21
It is located at the top of the page, you can refer back to it
Good luck

Note

Sorry, by mistake, we were talking about the 26th, not the 23rd, so the date could be the 26th of this month, more or less.In the analysis it was November 21, 2022

moneer618

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moneer618