$BTC topping out to correction before BULLs take over again
On todays chart we have defined the major waves that are creating the $BTC fluctuations.
The strongest wave is 20W (140D) according to a great tool "DFT - DC Period 8-50 - John Ehlers " .
We have drawn this cycle on the chart along with its harmonics, which clearly synchronise with the main wave.
From the analysis we expect now a final rise lasting to 25-27th of February 2023.
After that we should see little stabilisation for one week, then followed by stronger correction between 6-20th march 2023.
The drop will be significant however we are still on the rising trend of the major 20M (80W) so after 20th of march we should get into new highs.
The strongest wave is 20W (140D) according to a great tool "DFT - DC Period 8-50 - John Ehlers " .
We have drawn this cycle on the chart along with its harmonics, which clearly synchronise with the main wave.
From the analysis we expect now a final rise lasting to 25-27th of February 2023.
After that we should see little stabilisation for one week, then followed by stronger correction between 6-20th march 2023.
The drop will be significant however we are still on the rising trend of the major 20M (80W) so after 20th of march we should get into new highs.
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