The truncation of the 5th wave of Elliott has been confirmed, signal of the interruption of the main trend. The price after going through the main dowtrend and various comeback attempts today and as expected has plummeted.
The truncation and the exit from the main trend are very strong indications and in fact bitcoin is preparing for the passage of the Halving H3 around medium levels.
The next path will be an ABC formation I think is fairly regular. In fact, I expect it to retrace around the 4th Pulse Wave level.
Attention there is a retracement of the course but the bulls are no escape. Consider the collapse of the oil WTI and the chaos that is growing. It is not a Tori climate.
This analysis relates to the previous ones which have all been verified.
4h Chart:
The truncation and the exit from the main trend are very strong indications and in fact bitcoin is preparing for the passage of the Halving H3 around medium levels.
The next path will be an ABC formation I think is fairly regular. In fact, I expect it to retrace around the 4th Pulse Wave level.
Attention there is a retracement of the course but the bulls are no escape. Consider the collapse of the oil WTI and the chaos that is growing. It is not a Tori climate.
This analysis relates to the previous ones which have all been verified.
4h Chart:
Trade active:
Trade active:
(ABC) -B: DESCENDING TRIANGLE
Comment:
TOPIC MOMENTS
Trade active:
1st ZIGZAG
Comment:
Comment:
Double Zig Zag
