3 options of BTC movement according to the wave analysis
Hey there!
Let's take a global look at BTC today. Let's see what movement options we can expect according to the wave theory. In our opinion, this should help in decision making.
Three variants of developments are marked on the chart. They are not final, but according to the current levels they are the most probable.
1. Blue option - the current sideways movement is the 4th corrective wave. The target of this correction is the 0.5 Fibonacci level from the 3rd wave - 28800. It is here that there is a possibility to get the beginning of the fifth wave. Current priorities - downtrend
2. Red option - We have updated the maximum and the 5th wave has already been completed and now it's the corrective wave B. According to the levels, we are correcting approximately at 28800. The current priority is downtrend.
3. Orange option - now the formation of a long 3rd wave is underway.
If we update the maximum, there are prerequisites to reach 32-33, from there to get a reaction and reach 28500. This has already happened recently.
We will watch the price and see which option will become legit.
Good luck and patience, everyone.
Always in touch,
Relictum Analytics
Let's take a global look at BTC today. Let's see what movement options we can expect according to the wave theory. In our opinion, this should help in decision making.
Three variants of developments are marked on the chart. They are not final, but according to the current levels they are the most probable.
1. Blue option - the current sideways movement is the 4th corrective wave. The target of this correction is the 0.5 Fibonacci level from the 3rd wave - 28800. It is here that there is a possibility to get the beginning of the fifth wave. Current priorities - downtrend
2. Red option - We have updated the maximum and the 5th wave has already been completed and now it's the corrective wave B. According to the levels, we are correcting approximately at 28800. The current priority is downtrend.
3. Orange option - now the formation of a long 3rd wave is underway.
If we update the maximum, there are prerequisites to reach 32-33, from there to get a reaction and reach 28500. This has already happened recently.
We will watch the price and see which option will become legit.
Good luck and patience, everyone.
Always in touch,
Relictum Analytics