It's time to prepare for the next major BTC bull run.
We can analyze this from a couple of different perspectives
#1 From a monthly chart perspective, prices usually react strongly to trendlines. Right now, we're near a significant yellow trendline at $48k. If the price starts an uptrend as it has in the past, we could see it break through two channels and reach $105k, aligning with market expectations( just like move numbers 1 and 2 )
We can analyze this from a couple of different perspectives
#1 From a monthly chart perspective, prices usually react strongly to trendlines. Right now, we're near a significant yellow trendline at $48k. If the price starts an uptrend as it has in the past, we could see it break through two channels and reach $105k, aligning with market expectations( just like move numbers 1 and 2 )
Nota
#2 From Elliot wave analysis we can see we are in wave 3 of 5 wave down, I think it's likely to see a bounce from 48k for a retest of the previous range low at 54k and the final wave 5 will go down to 45k ( then we might see some sort of ABC correction )
Nota
#3 From Gan analysis we can see the end of the move is planned to happen before October ( which is usually a green month for BTC) and the final price is 42k , this is one of the possible Ganns out of many but I find this one the most accurate one
Nota
Zoom-in view of gann to illustrate the point
Nota
Zoomed-in view of monthly trendlines
Nota
Seems like we are ending wave 4 which this time is a zigzag correction and 5-3-5 move, time for the final wave down, usually it's the same length as wave one and the target is 48500.
Dagangan aktif
Entering a short position near 66200 with stop loss at the psychological level of 67500, the target is 52500 and 48500
Penafian
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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.