Bitcoin is following our trading plan!

14 בספט׳ 2023

Hello, everyone!

Let's talk about BTCUSDT today because it's pumping exactly as we warned you. Of course, globally we remain bearish mood, but when price reached $24800 again too many traders concluded that it's "obvious" short. Market has liquidated all overleveraged bears.

On the chart you can see the 5 waves EW cycle. This is the last impulse in the wave 1 to the downside. Look how perfectly waves respect the targets, for example wave 4 has reached exactly the 0.38-0.5 Fibonacci retracement level.

After that wave 5 collected the local liquidity and printed the bullish reversal bar at the bottom. Now it's the higher degree wave 2 which is going to has ABC zigzag structure. Wave A has been almost finished, but anyway this pump will reach $28500 to create the greed and overleverage purchases.

Best regards, Skyrex team
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