Recently I've been talking a lot about Bitcoin and my expectation it's following some kind of Elliot Wave pattern since January. In my most recent analysis I said that I expected the 4th wave to bottom between $26,5k - $25k. BTC bottomed around $26,6k, close enough!
In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced.
In the short-term, I'm looking at $28,5k and
29K as my targets. In the longer-term, there's an argument to be made that we can reach well over $35k, as per my Elliot Wave analysis above.
In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced.
In the short-term, I'm looking at $28,5k and
29K as my targets. In the longer-term, there's an argument to be made that we can reach well over $35k, as per my Elliot Wave analysis above.Note
✅ Target 1 hit
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.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.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.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.