BitcoinShort
BTCUSD 1D Analysis
I believe we are nearing the end of the 2nd wave of the current long term 3-wave correction, which started in mid-April.
Currently, we can see a reversal pattern forming. I expect this reversal pattern to terminate around $72 nominal before the start of the 3rd leg down to around 35K nominal. This would be an amazing buy opportunity as my longer time frame targets are above 100K as we continue to see adoption of this as an inflationary hedge.
Currently, we can see a reversal pattern forming. I expect this reversal pattern to terminate around $72 nominal before the start of the 3rd leg down to around 35K nominal. This would be an amazing buy opportunity as my longer time frame targets are above 100K as we continue to see adoption of this as an inflationary hedge.
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