BITCOIN ROAD TO $113K?
BITCOIN Short Timeframe Anaylsis 🌊
📊 Scenario #1: Wave 4 has completed as a WXY pattern, so we’re now targeting Wave 5 with potential levels at 0.618, 0.786, and beyond.
📊 Scenario #2: Wave 4 is still unfolding. If it extends further, we might be in Wave B heading into Wave C. The likely target range is between 88K and 90K, but exact levels are yet to be determined.
📊 Scenario #1: Wave 4 has completed as a WXY pattern, so we’re now targeting Wave 5 with potential levels at 0.618, 0.786, and beyond.
📊 Scenario #2: Wave 4 is still unfolding. If it extends further, we might be in Wave B heading into Wave C. The likely target range is between 88K and 90K, but exact levels are yet to be determined.
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🚨 BTC | 2H in-depth Analysis
Bitcoin has been consolidating for 10 days, and it seems to be forming a flat correction, likely with a 3-3-5 subwave structure. The potential reversal targets are 90K and 88K. While a triangle formation is also possible, it requires more data to confirm. For now, we’ll focus on the flat correction and wait for further developments.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.