Hi traders!!!
I hope you're doing great, I got a lot of questions about Bitcoin's next move, so I decided to analyze this amazing symbol, although it's my first time analyzing Bitcoin, found it a bit interesting.
Please take into consideration of the points I mentioned on the chart, and remember that the previous wave had almost 28% of retracement and for the price to touch the zone I've shown on the chart it needs to complete it's retracement which is almost 28% if it touches the zone. And that seems quite reasonable in case of wave analysis.
Good Luck
I hope you're doing great, I got a lot of questions about Bitcoin's next move, so I decided to analyze this amazing symbol, although it's my first time analyzing Bitcoin, found it a bit interesting.
Please take into consideration of the points I mentioned on the chart, and remember that the previous wave had almost 28% of retracement and for the price to touch the zone I've shown on the chart it needs to complete it's retracement which is almost 28% if it touches the zone. And that seems quite reasonable in case of wave analysis.
Good Luck