I am assuming that in the Bitcoin chart, in the best-case scenario— which would be the most sustainable and long-term favorable outlook—we are currently in a BCWX and Y correction pattern that will bring us back to around $50,000. This scenario is marked on the chart with [A] [B] [C], {W} {X} {Y}, and the intermediate steps are indicated in yellow as i, ii, iii, iv, v (a), (b), (c).
Within this structure, I expect a diagonal triangle labeled as a, b, c, d, e after the completion of (c). Following this, I anticipate a wave (w), which is subordinate to {W} and {X}. After completing wave (w), I expect a corrective move characterized by an ABC pattern leading into WX and Y waves. During this process, I also foresee an expansion of wave Y (x). Once this movement concludes, I will update the chart accordingly and provide a new analysis based on this second scenario.
The second scenario is less optimistic for Bitcoin's long-term prospects but could be more favorable in the short term. In this case, we are currently at [C], which I interpret as an upward impulse marked with (i), (ii), (iii), (iv), (v). After completing wave (v) near $111K, we would then see a correction down to approximately $90K before initiating wave (II).
This correction would be necessary to establish a sustainable bullish trend afterward. Only then could we expect a strong upward movement again.
This is my current chart and analysis. I am sharing it with you all; please note that there are no guarantees when entering such trades—your decision to act on this analysis is entirely your own.
Within this structure, I expect a diagonal triangle labeled as a, b, c, d, e after the completion of (c). Following this, I anticipate a wave (w), which is subordinate to {W} and {X}. After completing wave (w), I expect a corrective move characterized by an ABC pattern leading into WX and Y waves. During this process, I also foresee an expansion of wave Y (x). Once this movement concludes, I will update the chart accordingly and provide a new analysis based on this second scenario.
The second scenario is less optimistic for Bitcoin's long-term prospects but could be more favorable in the short term. In this case, we are currently at [C], which I interpret as an upward impulse marked with (i), (ii), (iii), (iv), (v). After completing wave (v) near $111K, we would then see a correction down to approximately $90K before initiating wave (II).
This correction would be necessary to establish a sustainable bullish trend afterward. Only then could we expect a strong upward movement again.
This is my current chart and analysis. I am sharing it with you all; please note that there are no guarantees when entering such trades—your decision to act on this analysis is entirely your own.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.