This is my first post! I am studying the Wyckoff trading method with various indicators and also Elliot Wave Principle and I believe this is what we can see for Bitcoin's next steps in the beginning of a bullish market.
The chart is pretty self-explanatory and highlights the expected 4th wave incoming with an expected 5th wave to reach just over $10,000USDT. I believe after this entire wave finishes, we will re accumulate and venture further to $12,000USDT and above!
Let me know what you guys think!
Thanks for taking the time and checking out my idea :)
The chart is pretty self-explanatory and highlights the expected 4th wave incoming with an expected 5th wave to reach just over $10,000USDT. I believe after this entire wave finishes, we will re accumulate and venture further to $12,000USDT and above!
Let me know what you guys think!
Thanks for taking the time and checking out my idea :)
Note
Wait for pullback to $8,500USDT - $8,400USDT so far so good.Note
New channel formed from $8,900USDT if that is broken then we may see the 4th wave at around $8,500USDT level. This price action could also move upwards of $9,800USDT which I believe will result in a retracement following the 4th wave to $8,5000USDT level.
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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.
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.