Hello all my friends.
i hope you have good days and best things happen to you.
i have a possible idea about BTC moves.
in 1D chart historically we saw the first leg of correction with 5 wave ( I II II IV V )
that i mark it on my chart.
then we saw an extend B wave composed from 3 sub waves (A B C).
now we are in the third and final leg of correction i think , wave C.
we know that wave C typically have 5 sub wave.
and probbably we compelete 3 part of it.
so we can go up to 100% of sub wave 2 for introducing wave 4 (about 24000 to 25000).
after that if we dont see improvement in most countries inflation and
the SEC decision to increse interest rates we should go downward as wave 5 to about 14000 - 16000
and i think this will be happen.
after that BTC can make a bottom and after a while start a huge uptrend.
this proccess may take long time.
so be patience friends.
if you like my opinion plz like it and if you dont agree with me
share me your opinion in comments.
thank you all.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
i hope you have good days and best things happen to you.
i have a possible idea about BTC moves.
in 1D chart historically we saw the first leg of correction with 5 wave ( I II II IV V )
that i mark it on my chart.
then we saw an extend B wave composed from 3 sub waves (A B C).
now we are in the third and final leg of correction i think , wave C.
we know that wave C typically have 5 sub wave.
and probbably we compelete 3 part of it.
so we can go up to 100% of sub wave 2 for introducing wave 4 (about 24000 to 25000).
after that if we dont see improvement in most countries inflation and
the SEC decision to increse interest rates we should go downward as wave 5 to about 14000 - 16000
and i think this will be happen.
after that BTC can make a bottom and after a while start a huge uptrend.
this proccess may take long time.
so be patience friends.
if you like my opinion plz like it and if you dont agree with me
share me your opinion in comments.
thank you all.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
