Hello Everyone,
Based on my technical analysis, Bitcoin is expected to continue its uptrend towards $84,300 with a high probability and a favorable risk-to-reward ratio.
There are two main reasons to consider this investment:
1. Elliott Wave theory on Weekly Chart: As mentioned on the chart, there is a clear Elliott Wave configuration that indicates the possibility of the final impulsive wave (the fifth wave) occurring.
2. Volume Indicator: The significant volume that appeared last week shows the strength of buyers entering the market.
Given these reasons, there is a high probability and a favorable risk-to-reward ratio of over 2.5 to 1 that Bitcoin could reach $84,300 within a few weeks.
IBROURI
Based on my technical analysis, Bitcoin is expected to continue its uptrend towards $84,300 with a high probability and a favorable risk-to-reward ratio.
There are two main reasons to consider this investment:
1. Elliott Wave theory on Weekly Chart: As mentioned on the chart, there is a clear Elliott Wave configuration that indicates the possibility of the final impulsive wave (the fifth wave) occurring.
2. Volume Indicator: The significant volume that appeared last week shows the strength of buyers entering the market.
Given these reasons, there is a high probability and a favorable risk-to-reward ratio of over 2.5 to 1 that Bitcoin could reach $84,300 within a few weeks.
IBROURI