As per Elliott´s Wave theory, #Bitcoin´s rally is a clear Wave 3 which might have topped at $49.105 (where it found prior 2021 resistance zone).
The Daily EMA55 has been holding back the necessary correction (oxygen after a 98.76% rally measured from Aug 14, 2023). Until now...
Although the current wave is barely Wave A out of ABC (Wave 4) we would be headed towards the $39.750-$36.862 price range target area.
Short daily, Short 4hourly and 1 hourly.
Long weekly.
Wave 5 would take us towards $60k and beyond.
Last purchase opportunity?
Not really, shorts should exit at the defined target area (which is also close to bitcoin´s mining cost -$36.500), we would then have an upwards wave B (this will confuse shorts) and finally make one more wave downwards: Wave C.
We will follow up on this once Wave A is finished.
The Daily EMA55 has been holding back the necessary correction (oxygen after a 98.76% rally measured from Aug 14, 2023). Until now...
Although the current wave is barely Wave A out of ABC (Wave 4) we would be headed towards the $39.750-$36.862 price range target area.
Short daily, Short 4hourly and 1 hourly.
Long weekly.
Wave 5 would take us towards $60k and beyond.
Last purchase opportunity?
Not really, shorts should exit at the defined target area (which is also close to bitcoin´s mining cost -$36.500), we would then have an upwards wave B (this will confuse shorts) and finally make one more wave downwards: Wave C.
We will follow up on this once Wave A is finished.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。