As you can see, Bitcoin can continue to Correction ( Wave C ) to around $ 28,800 for the following reasons:
- Komu Bearish Cross
- Descending Triangle
- Elliot Waves Theory ( ABC Correction Pattern )
- Fibo Target
So it is better not to buy bitcoins now so that bitcoins can complete their correction and then make your purchase in a step-by-step manner.
I hope this analysis is very useful for you
Please like our analysis and then join our followers
thank you
Hamid Mojarad
Lecturer - Analyst and trader of cryptocurrencies market
- Komu Bearish Cross
- Descending Triangle
- Elliot Waves Theory ( ABC Correction Pattern )
- Fibo Target
So it is better not to buy bitcoins now so that bitcoins can complete their correction and then make your purchase in a step-by-step manner.
I hope this analysis is very useful for you
Please like our analysis and then join our followers
thank you
Hamid Mojarad
Lecturer - Analyst and trader of cryptocurrencies market
Note
Dear tradersAs you can see, Bitcoin continued on its way exactly according to the analysis provided, and now it can be concluded to some extent that Bitcoin has completed its correction.
The only condition left is to cross its previous price peak
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.
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.