Bitcoin / TetherUSUpdated Elliott waves and Bitcoin analysis
The fourth wave of the C wave, followed by the last bearish wave, and the completion of the C wave
In my opinion, it could be between 24400 to 2300 as the end of the downward wave
The fourth wave and the current rise achieved its minimum at 30856 on Fibo 23.6
The highest point so far was 30,942
This wave, in my opinion, has been achieved at the minimum level, and if we have an ascent, we must cross 30856 first
Then we move to the 38.2 line on Fibo, which is at 31833
I hope everyone wins
Just an opinion, it may be right or wrong
In my opinion, it could be between 24400 to 2300 as the end of the downward wave
The fourth wave and the current rise achieved its minimum at 30856 on Fibo 23.6
The highest point so far was 30,942
This wave, in my opinion, has been achieved at the minimum level, and if we have an ascent, we must cross 30856 first
Then we move to the 38.2 line on Fibo, which is at 31833
I hope everyone wins
Just an opinion, it may be right or wrong
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Among the characteristics of the fourth wave is achieving no less than 23.6 to 50% the third wave The drawing is in front of you only to a line 50% of the length of the third wave as is clear in the drawingWe have achieved the goal by 100%.
On the 50% line of the fibo at 32622
The highest point was 32858
And I don't imagine that we reach 618% of the Fibo
So I think the fourth wave is over in 32622 and now we are preparing to land and try 28800 - 28700
To the target you mentioned 24400-2300
It will be several waves, and the fifth descending wave will be five waves.
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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.