🚨 #BTC/USDT VIP ANALYSIS 🚨
⏳ Timeframe : 12H
Here's the breakdown:
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Please note that the wave extensions are not drawn to scale. We'll have to play it by ear and adapt to the market - BUT the framework is there.
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⏳ Timeframe : 12H
After zooming out and studying Bitcoin in depth, we have come to a really nice Elliot wave scenario. We started the bullrun late January at around 33k . We are currently in the First wave of FIVE.Here's the breakdown:
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First Wave - 5 wave impulse
🔘Second Wave - 3 wave correction
🔘Third Wave - 5 Wave impulse (often the biggest wave)
🔘Fourth Wave - 3 wave correction
🔘Fifth Wave - 5 wave impulse (or ascending correction)
Expecting the current wave to end soon and then start an ABC correction (second wave)Please note that the wave extensions are not drawn to scale. We'll have to play it by ear and adapt to the market - BUT the framework is there.
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🚨 BTC/USDT VIP ANALYSIS 🚨 ⏳ Timeframe : 4H Bitcoin has almost completed its 4th wave correction. We have one more drop before we reach our buy zone. SHORT Trade Idea: 🔘 Watch for completion of ABC correction and enter shorts (around the 43k level) 🔘 Targets…
#BTC/USDT UPDATE
Btc exactly played out as per our analysis. As of now our targets are acheived and expecting a bounce from 39k range.
LONG Trade Idea:
🔘 Watch for the 4th wave to complete around the 39K level
🔘 When bullish price action appears, enter with stops below that level
🔘 Targets for LONGS: 45.6K, 49K, actively manage the rest.
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Crypto Signals Premium
Btc exactly played out as per our analysis. As of now our targets are acheived and expecting a bounce from 39k range.
LONG Trade Idea:
🔘 Watch for the 4th wave to complete around the 39K level
🔘 When bullish price action appears, enter with stops below that level
🔘 Targets for LONGS: 45.6K, 49K, actively manage the rest.
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Crypto Signals Premium