📉 BTC-USDT with Elliot Wave Theory Analysis 📈
I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.
As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE exactly:
The good news about this, is that wen the corrective wave (Wave 3-4) is over, we can expect the final impulse wave up (Wave 4-5). We may yet still see another ATH in the near future!
Remember that correction waves also consists out of smaller corrective ABC waves, as seen in the next chart.
According to Elliot Wave Theory Math, our next target should be the FINAL ATH :
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BTCUSDT
I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.
As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE exactly:
The good news about this, is that wen the corrective wave (Wave 3-4) is over, we can expect the final impulse wave up (Wave 4-5). We may yet still see another ATH in the near future!
Remember that correction waves also consists out of smaller corrective ABC waves, as seen in the next chart.
According to Elliot Wave Theory Math, our next target should be the FINAL ATH :
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BTCUSDT Note
Potentially a reversal here. Let's see; we'll first need to close ABOVE this resistance zone to break out of the downward trend:Note
BTC: Weekly close is in, not looking great for the short term. Hopefully we can see a bounce on the neckline:Note
As BTC trades range, make sure you know how the rotation of liquidity works between BTC and ALTS !🔁
Note
BTC did not quite reach my lower correction target and the price is looking bullish, making a trend reversal of higher lows:
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.