Currently, it is on "Motive Super Grand Cycle w3"
Based on Fibonacci Level, ending of Motive Super Grand Cycle w3 is long way to go with price target at 261.8% of Fibonacci Projection Motive Super Grand Cycle w1 - w2 of USD 195,310.13
Sidenote: Wave 3 can be ended anything between 161.8% - 261.8% at very least.
At the moment, it is forming Motive Grand Cycle w1 on Jan 2024 with highest price on USD 109,354 but not yet confirmed, until MACD line cross below Signal Line (See Red Circle Under MACD Indicator)
Motive Grand Cycle w2 Action Plan
Step 1a) Once Motive Grand Cycle w1 completed (MACD line cross below Signal Line and approaching Zero-Line)
Step 1b) Price is entering CDC Action Zone between EMA12 and EMA 26
Step 2) Enter Long Position once MACD line cross above Signal Line
Likelihood for Running flat/Expanded flat type of Grand Cycle w2 is very high since it is under Motive Super Grand Cycle w3 right now.
For zoom-in analysis, please see BTCUSD Analysis dated 16 Apr 2025 (Weekly Chart), see comment below.
Based on Fibonacci Level, ending of Motive Super Grand Cycle w3 is long way to go with price target at 261.8% of Fibonacci Projection Motive Super Grand Cycle w1 - w2 of USD 195,310.13
Sidenote: Wave 3 can be ended anything between 161.8% - 261.8% at very least.
At the moment, it is forming Motive Grand Cycle w1 on Jan 2024 with highest price on USD 109,354 but not yet confirmed, until MACD line cross below Signal Line (See Red Circle Under MACD Indicator)
Motive Grand Cycle w2 Action Plan
Step 1a) Once Motive Grand Cycle w1 completed (MACD line cross below Signal Line and approaching Zero-Line)
Step 1b) Price is entering CDC Action Zone between EMA12 and EMA 26
Step 2) Enter Long Position once MACD line cross above Signal Line
Likelihood for Running flat/Expanded flat type of Grand Cycle w2 is very high since it is under Motive Super Grand Cycle w3 right now.
For zoom-in analysis, please see BTCUSD Analysis dated 16 Apr 2025 (Weekly Chart), see comment below.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.