Hello, Skyrexians!
Let's update our
BTCUSDT idea. Last time we told you that this is the bottom when price was at $80k previous time. Yesterday we posted a mind at $78k that "Don't panic, this is the bottom". Today we have the update on this crypto to give you the thoughts what can really happen next.
Let's take a look at the daily timeframe. We have shown you already the 5 Elliott wave cycle with two red dots on our Bullish/Bearish Reversal Bar Indicator [Skyrexio]. After that correction has been started. Now it looks like that price has finished the ABC zigzag and ready for the reversal. VERY IMPORTANT: price shall form the bullish bar and green dot on indicator on the daily close. We are still in danger, but if it will happen, it's going to be the strong long signal inside the Fibonacci 0.5-0.61 zone. After that the next impulse is going to happen.
P.S. On 4h and lower time frames picture is beautiful!
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Let's update our
BTCUSDT idea. Last time we told you that this is the bottom when price was at $80k previous time. Yesterday we posted a mind at $78k that "Don't panic, this is the bottom". Today we have the update on this crypto to give you the thoughts what can really happen next.Let's take a look at the daily timeframe. We have shown you already the 5 Elliott wave cycle with two red dots on our Bullish/Bearish Reversal Bar Indicator [Skyrexio]. After that correction has been started. Now it looks like that price has finished the ABC zigzag and ready for the reversal. VERY IMPORTANT: price shall form the bullish bar and green dot on indicator on the daily close. We are still in danger, but if it will happen, it's going to be the strong long signal inside the Fibonacci 0.5-0.61 zone. After that the next impulse is going to happen.
P.S. On 4h and lower time frames picture is beautiful!
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Disclaimer
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.