Bitcoin / TetherUS PERPETUAL CONTRACTTelah dikemas kini What follows after BTC ETF approval!!!!
Hello everyone,
Here's an in-depth analysis as you've come to expect from us. We're revisiting the journey to the Bitcoin ETF, starting with a technical analysis from February 2023. Back then, we identified an Inverted Head and Shoulders (ISHS) pattern which informed our wave count. The price action followed our predictions and met the targets. For an extensive look at that analysis, you can review our post here:
In April of the same year, we pinpointed a significant bullish indicator in the form of a Cup and Handle pattern. This pattern reinforced the $25,000 level as a key support area, and since our analysis, we've seen the price meet the handle's target with the Cup's target still pending, which is in the vicinity of $62,000. For further insights into the Cup and Handle pattern, refer to our previous analysis here:
These technical developments collectively paved the way for a bullish surge in Bitcoin, leading up to the landmark BTC ETF approval. We're now observing a new bullish pattern accompanied by potential wave counts that support our bullish stance.
We've identified a buyback level for potential accumulation towards 41k zone. However, caution is advised around the $40,000 mark; a price closure below this would undermine our bullish scenario. If the price were to close below $40,000 at any point, we would then set our sights on the $31,000 support level, which we've previously discussed as having hidden support. For more on the $31,000 level's significance, check out the link here:
Currently, it appears we are in the midst of wave 3 of an impulsive move, which is expected to culminate near extreme supply levels or at our mid-term projected targets of $52,000 or $57,000. After this phase concludes, we foresee a significant pullback towards the $35,000 zone. The chart provided should offer ample clarity on this matter.
We greatly value your interaction with our content through comments and likes.
Thank you.
Here's an in-depth analysis as you've come to expect from us. We're revisiting the journey to the Bitcoin ETF, starting with a technical analysis from February 2023. Back then, we identified an Inverted Head and Shoulders (ISHS) pattern which informed our wave count. The price action followed our predictions and met the targets. For an extensive look at that analysis, you can review our post here:
In April of the same year, we pinpointed a significant bullish indicator in the form of a Cup and Handle pattern. This pattern reinforced the $25,000 level as a key support area, and since our analysis, we've seen the price meet the handle's target with the Cup's target still pending, which is in the vicinity of $62,000. For further insights into the Cup and Handle pattern, refer to our previous analysis here:
These technical developments collectively paved the way for a bullish surge in Bitcoin, leading up to the landmark BTC ETF approval. We're now observing a new bullish pattern accompanied by potential wave counts that support our bullish stance.
We've identified a buyback level for potential accumulation towards 41k zone. However, caution is advised around the $40,000 mark; a price closure below this would undermine our bullish scenario. If the price were to close below $40,000 at any point, we would then set our sights on the $31,000 support level, which we've previously discussed as having hidden support. For more on the $31,000 level's significance, check out the link here:
Currently, it appears we are in the midst of wave 3 of an impulsive move, which is expected to culminate near extreme supply levels or at our mid-term projected targets of $52,000 or $57,000. After this phase concludes, we foresee a significant pullback towards the $35,000 zone. The chart provided should offer ample clarity on this matter.
We greatly value your interaction with our content through comments and likes.
Thank you.
Dagangan aktif
The price is currently maintaining its position within the bullish pennant pattern. In the upcoming weeks, the following thresholds will be significant for Bitcoin's trajectory:On the resistance end, the key levels to watch are $43,400 and $48,900, with the ultimate bullish objective set between $56,000 and $57,800.
On the support end, the critical points are $41,400 and $40,300. Should the latter support level fail to hold, we could potentially see a decline to targets in the range of $35,000 to $31,000.
Remember to always share your view about our findings, every comment will be appreciated.
Dagangan aktif
Dagangan aktif
Dagangan ditutup: sasaran tercapai
The projected mid-term target has been reached, yielding approximately 44% profits for those who followed the setup as described.
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Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
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