Bitcoin - The ATH is STILL COMING ! Here's Why👉

3 พ.ค. 2024

📉 BTC-USDT with Elliot Wave Theory Analysis 📈

I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.

As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE exactly:


The good news about this, is that wen the corrective wave (Wave 3-4) is over, we can expect the final impulse wave up (Wave 4-5). We may yet still see another ATH in the near future!
Remember that correction waves also consists out of smaller corrective ABC waves, as seen in the next chart.

According to Elliot Wave Theory Math, our next target should be the FINAL ATH :



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BTCUSDT

5 พ.ค. 2024

บันทึก

Potentially a reversal here. Let's see; we'll first need to close ABOVE this resistance zone to break out of the downward trend:

6 พ.ค. 2024

บันทึก

BTC: Weekly close is in, not looking great for the short term. Hopefully we can see a bounce on the neckline:

13 พ.ค. 2024

บันทึก

As BTC trades range, make sure you know how the rotation of liquidity works between BTC and ALTS !🔁

17 พ.ค. 2024

บันทึก

BTC did not quite reach my lower correction target and the price is looking bullish, making a trend reversal of higher lows: