Bitcoin Set to Gyrate Between $50k and $70k through 2025!
The early August collapse gave us a chance to zoom in on Bitcoin's structures since this year’s high. Here's what we’re seeing:
🔷 Expanding triangle formed into July's low, followed by a rally that looks like an x-wave.
🔷 Action after wave-x suggests we're no longer in a triangle but likely in a Neowave diametric pattern.
🔷 The violent wave-a into this year’s low fits contracting triangles, but also flats and diametrics.
💡 The size of wave-d is now too large for a contracting triangle, so I’ve adjusted the structure to suggest a diametric is forming.
What This Means:
Bitcoin could gyrate between $50K and $70K for the rest of 2024, possibly into early 2025! 📈
This period of sideways movement could create prime accumulation opportunities before the next big breakout.
Watch for further wave formations to confirm this diametric pattern—this is a crucial time to strategize and capitalize on the moves ahead! 🚀
🔷 Expanding triangle formed into July's low, followed by a rally that looks like an x-wave.
🔷 Action after wave-x suggests we're no longer in a triangle but likely in a Neowave diametric pattern.
🔷 The violent wave-a into this year’s low fits contracting triangles, but also flats and diametrics.
💡 The size of wave-d is now too large for a contracting triangle, so I’ve adjusted the structure to suggest a diametric is forming.
What This Means:
Bitcoin could gyrate between $50K and $70K for the rest of 2024, possibly into early 2025! 📈
This period of sideways movement could create prime accumulation opportunities before the next big breakout.
Watch for further wave formations to confirm this diametric pattern—this is a crucial time to strategize and capitalize on the moves ahead! 🚀
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.