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Alikze »» BITCOIN | Wave 3 of 3 bullish super cycle scenario
Updated
According to the previous analysis regarding Bitcoin, it is moving in a long-term ascending channel in the monthly time frame.
💎 Currently, according to the type of behavior and movement structure, it is in wave 3 of 3 super cycles.
💎 But since 2018, after a movement cycle and a correction in the form of a three-wave to the bottom of the channel in the range of $16,000, this correction ended.
💎 After that, it started another kinetic wave, which ended in the support range of the green box of its corrective wave 2, and is currently in wave 3, which overlaps with 100% Fibo of the previous wave, which is the range of $78,000.
💎 If this current wave 4 correction wave has started, it can be reviewed according to the analysis of the previous post (here), which you can follow its updates by referring to that post, at the same time, this wave should not enter the territory of wave 1. The chart is specified. In that case, the post should be updated and the scenario should be checked instead.
💎 But in its super cycle, as mentioned, this wave is in wave 3 of 3, which will have the ability to reach the red box numbers of the specified supply limit and up to 1.618 fibo to the range of $369,000.
💎 Going through a full cycle of 5 waves will have the ability to reach the range of $2,700,000. Please note that these numbers are in the monthly time frame and it is natural that the time to reach these goals will certainly require more time, which should be reviewed and updated step by step.
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💎 Currently, according to the type of behavior and movement structure, it is in wave 3 of 3 super cycles.
💎 But since 2018, after a movement cycle and a correction in the form of a three-wave to the bottom of the channel in the range of $16,000, this correction ended.
💎 After that, it started another kinetic wave, which ended in the support range of the green box of its corrective wave 2, and is currently in wave 3, which overlaps with 100% Fibo of the previous wave, which is the range of $78,000.
💎 If this current wave 4 correction wave has started, it can be reviewed according to the analysis of the previous post (here), which you can follow its updates by referring to that post, at the same time, this wave should not enter the territory of wave 1. The chart is specified. In that case, the post should be updated and the scenario should be checked instead.
💎 But in its super cycle, as mentioned, this wave is in wave 3 of 3, which will have the ability to reach the red box numbers of the specified supply limit and up to 1.618 fibo to the range of $369,000.
💎 Going through a full cycle of 5 waves will have the ability to reach the range of $2,700,000. Please note that these numbers are in the monthly time frame and it is natural that the time to reach these goals will certainly require more time, which should be reviewed and updated step by step.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
Note
In the Bitcoin Monthly Review post, it was mentioned that Bitcoin is in wave 4 correction. Wave 3 has been able to grow around Fibo 100. After that, according to the behavioral scenario, 3 movement scenarios were predicted for it in the daily time frame.
Wave 4 will usually be in the form of complex zigzags and erosion.
Therefore, I expect that the wave of the first 5 cycles will touch the targets of $112,500 to $125,000, considering that it is located near the bottom of the long-term upward channel.
Also note: the price must not overlap the $31,140 range, in which case the analysis will be invalid.
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