BitcoinUpdated BTC, what's next ?
BTC is in corrective phase.
Bitcoin will probably see new lows. i'm not here to tell you it will reach 20k, or 18k... no body knows.
but people are taking profit from last bull run, people are afraid of buying and waiting for lower prices to re-enter the market.
for the RED corrective structure (ABC), i expect a regular flat. but another scenario could be a running flat, where the B wave could go higher than 65K. before we get the C wave.
Too early to know that. i will update this analyse once we start the B wave.
Bitcoin will probably see new lows. i'm not here to tell you it will reach 20k, or 18k... no body knows.
but people are taking profit from last bull run, people are afraid of buying and waiting for lower prices to re-enter the market.
for the RED corrective structure (ABC), i expect a regular flat. but another scenario could be a running flat, where the B wave could go higher than 65K. before we get the C wave.
Too early to know that. i will update this analyse once we start the B wave.
Note
i wanted to add that the A wave took more than 3 months (April to July), and is not yet finished. B wave usually are a lot slower. so we can expect at the very least 3 months for the B. then we will have another Drop for the C wave.
The best buying opportunity for long term are the end of A wave, and the end of the C wave.
Note
Orange C went down more than i expected. but the analysis didn't change. We may go back to 33K, then drop again below 30K.then we should start the bigger yellow mouvement.
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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.