Analysis is purely on technical base read before making any comments first
Short Trem:
Bitcoin is in bearish mode all indicators showing high chance of bears
1- Elliott Wave
BTC made move from break 19000usd level and moved according to elliott wave
I- wave 1 and correction
II- wave 2 and made correction avoiding breaking the pick of wave 1
III- wave 3 done and made correction and didn't break the pick of wave 2
Now BTC have to complete corrective wave ABCD
We have just completed wave AB and is elliott wabe state corrective wave AB didn't to be break the pick of wave 3 AB wave is finished
We will just started the corrective wave CD and will end on the pick of wave 1 after that we will wait for market to give us reversal candle ( any reversal pattren ) enter into market according to that
If BTC closed today below 59000 than congrats we are bearish and our target should be 43000 - 38000
If BTC hold weekly 21 day EMA 43000 level than we will start and new wave for new ATH if didnt hold 21 day EMa than we will headed to weekly 50 day EMA out target should be 38000 level
Also all target is aline with FIB levels 0.50 ( 43000) and golden pocket 0.68 ( 38000)
Kindly drop your comment what is your opinion 🤔
Enjoy they call beffore everyone is bullish on BTC excluding me 😎
Note: IF BTC DIDN'T FOLLOWED MY ANALYSIS I WILL DONATE 1000$ TO THE LUCKY ONE FROM THE COMMENTS
Short Trem:
Bitcoin is in bearish mode all indicators showing high chance of bears
1- Elliott Wave
BTC made move from break 19000usd level and moved according to elliott wave
I- wave 1 and correction
II- wave 2 and made correction avoiding breaking the pick of wave 1
III- wave 3 done and made correction and didn't break the pick of wave 2
Now BTC have to complete corrective wave ABCD
We have just completed wave AB and is elliott wabe state corrective wave AB didn't to be break the pick of wave 3 AB wave is finished
We will just started the corrective wave CD and will end on the pick of wave 1 after that we will wait for market to give us reversal candle ( any reversal pattren ) enter into market according to that
If BTC closed today below 59000 than congrats we are bearish and our target should be 43000 - 38000
If BTC hold weekly 21 day EMA 43000 level than we will start and new wave for new ATH if didnt hold 21 day EMa than we will headed to weekly 50 day EMA out target should be 38000 level
Also all target is aline with FIB levels 0.50 ( 43000) and golden pocket 0.68 ( 38000)
Kindly drop your comment what is your opinion 🤔
Enjoy they call beffore everyone is bullish on BTC excluding me 😎
Note: IF BTC DIDN'T FOLLOWED MY ANALYSIS I WILL DONATE 1000$ TO THE LUCKY ONE FROM THE COMMENTS