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Sellers are drying up
Bitcoin
Long
Sellers are drying up
By BTC-XLM
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Updated
Dec 6, 2023
8
2
2
Nov 24, 2023
According to my understanding, wave 5 terminates well beyond the beginning of wave 4 (wave 5 is still not complete)
Technical Section:
In this chart above, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
How often does this happen? Our "experience" tells us that it happens (very often).
Target : $ 42000 - $ 45000
Stop loss: $ 34000
Nov 24, 2023
Note
Four against one
What to expect next?
Dec 3, 2023
Note
Dec 6, 2023
Trade closed: target reached
BTCBUSD
BTCUSD
BTCUSDT
Chart Patterns
Trend Analysis
Wave Analysis
BTC-XLM
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Also on:
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Structural Analysis
by BTC-XLM
Target = $ 41500
by BTC-XLM
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