Hello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves.
Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave.
After a full cycle, we expect to correct waves that include 3 waves. The first and 3rd in bearish and the second wave has Bullish momentum. we called it ABC. It's really easy to understand. Based on my analysis, the A wave begins from 69K to 15K B wave begins from 15k to 32k And at this time we are in a C wave that includes 5 microwaves.
The A Wave has a special structure. There are 5 microwaves in the A wave. In Bitcoin, the A wave had a stretched wave in the first microwave. And the 3rd one is not the shortest wave. B could move complicatedly. It's usually moved in 3 microwaves. The last one is the C wave. I expect C wave has 5 microwaves. And could create a divergence at the End of the movement that related to a sign to notify us it's time to buy.
Take it Easy! The C wave began. So, Watch the market.
I told you everything in the analysis about the daily timeframe. Please refer to my pre-analysis and think about that.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.