Bitcoin is following a perfect Leading Diagonal, and we’re nearing the completion of the pattern, with only subwave 5 left. I expect that after this final move, we may see one more shakeout before a major rally begins, potentially with a massive "god candle" signaling the start of wave 3.
The upcoming U.S. elections on November 5 and the FOMC rate cut decision on November 7 could serve as additional catalysts, driving Bitcoin and other altcoins to new highs.
The upcoming U.S. elections on November 5 and the FOMC rate cut decision on November 7 could serve as additional catalysts, driving Bitcoin and other altcoins to new highs.
Note
We are nearing the end of primary wave 1, with the 5th subwave on the verge of completion.Will this scenario play out, or is there a chance the idea will be invalidated?
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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.