Hello, Skyrexians!
In our recent analysis we told that this correction will not be finished without reaching
89K, it almost impossible! Several days ago 
BTCUSDT surges above $102k which caused a lot of optimism on the market, but all these traders has been banished by the sudden dump. Why this drop was expected and promised 89K will be reached anyway.
Let's take a look at the daily time frame. We can see the after reaching wave 3 top corrective wave 4 has been started. Wave 4 is a zigzag ABC. Corrective wave B has been finished exactly at 0.61 Fibonacci. Now price is forming wave C. This wave has the minimal target at 0.38 Fibonacci at $89k. There we can expect the signal on Bullish Reversal Bar Strategy [Skyrexio] to make sure with the high probability that correction is over and the next target is $120k. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView. You can see the sniper entries for this indicator before.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
In our recent analysis we told that this correction will not be finished without reaching
89K, it almost impossible! Several days ago BTCUSDT surges above $102k which caused a lot of optimism on the market, but all these traders has been banished by the sudden dump. Why this drop was expected and promised 89K will be reached anyway.Let's take a look at the daily time frame. We can see the after reaching wave 3 top corrective wave 4 has been started. Wave 4 is a zigzag ABC. Corrective wave B has been finished exactly at 0.61 Fibonacci. Now price is forming wave C. This wave has the minimal target at 0.38 Fibonacci at $89k. There we can expect the signal on Bullish Reversal Bar Strategy [Skyrexio] to make sure with the high probability that correction is over and the next target is $120k. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView. You can see the sniper entries for this indicator before.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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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.
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.