Bitcoin Daily Chart Projection
Hello World! Today we will analyze the daily chart of Bitcoin
Bitcoin is reaching wave 4 within an Elliott wave, this means that they are not buying zones, they are profit-taking zones or to protect your long or spot position. The price may touch $44,000 in the next few days, however, it is still not a buy zone.
Price, volume and time always go hand in hand, in this case time has already beaten Bitcoin, there is not much volume and soon it will be reflected in the price, we expect a last price drop to $30,000.
$30,000 will be a buy zone for a rally on the weekly chart looking for the previous high.
See you! Good luck!
Bitcoin is reaching wave 4 within an Elliott wave, this means that they are not buying zones, they are profit-taking zones or to protect your long or spot position. The price may touch $44,000 in the next few days, however, it is still not a buy zone.
Price, volume and time always go hand in hand, in this case time has already beaten Bitcoin, there is not much volume and soon it will be reflected in the price, we expect a last price drop to $30,000.
$30,000 will be a buy zone for a rally on the weekly chart looking for the previous high.
See you! Good luck!
Penafian
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