Update... 2/25/2025
As projected, Wave (e) has technically been completed.
Does this mean the correction is over? The answer is no, for the following reasons:
If the rebound holds, we can say the current 5-wave decline structure is complete. However, there's a possibility that the structure could evolve into a 7-wave formation. In this case, we need to watch for Wave (f), which could conclude at the $93,200 level (f = 61.8% a) or the $96,67x level (f=a).
Let's see how it plays out!
Cheers!
BTC #BTCUSD #Bitcoin #BTC
As projected, Wave (e) has technically been completed.
Does this mean the correction is over? The answer is no, for the following reasons:
If the rebound holds, we can say the current 5-wave decline structure is complete. However, there's a possibility that the structure could evolve into a 7-wave formation. In this case, we need to watch for Wave (f), which could conclude at the $93,200 level (f = 61.8% a) or the $96,67x level (f=a).
Let's see how it plays out!
Cheers!
BTC #BTCUSD #Bitcoin #BTC
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Related publications
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.