In my personal analysis, after the ascending channel breaks and returns to the ascending triangle, it can be said with certainty that wave 4 has begun. But where this wave will end cannot be said with certainty, but in the long-term analysis, wave 4 should not enter the ceiling of wave 2. If this happens, the rule of thumb is that the market will be bearish and it can be said with certainty that wave 5 is not in place. Currently, the trend is upward, the first target is 93310. The next target is 90473, which is a key and psychological support, the third target is 88181, which is 50% of the correction. And the target that Bitcoin will most likely not touch is 85887, which is the highest correction. Note: 83588, if Bitcoin falls below this number, wave 5 is no longer in place.
This is a completely personal opinion, not a buy or sell offer! Please do not enter into a trade with my analysis.
Thank you for sharing your opinions with me.
This is a completely personal opinion, not a buy or sell offer! Please do not enter into a trade with my analysis.
Thank you for sharing your opinions with me.
Trade active
Trade closed: target reached
Note
93377, It was hit near the first target. This pop was a reaction to the US stock market. I think we should wait and see what happens. It was hit near the previous high. We should see if the market can break the previous high and the main high of 98,000.
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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.