Skyrexio | Bitcoin BTC Has Cancelled The Bear Market!
Hello, Skyrexians!
Last month
BTCUSDT has clearly broken 100k. Most of people think that it's too late now to buy Bitcoin because price is too high, but our analysis tells us that it was only one half of the potential bull run.
Let's take a look at the monthly time frame. We can see the new Elliott Wave structure. Earlier we had a chance that this bull run could be the wave 5, but recently the Awesome Oscillator broke the previous high. The potential bearish divergence has been broken as well. Moreover, Fractal Trend Detector [Skyrexio] shows that this bull run is strong and no single sign of weakness now.
This is large wave 3 which has the target at least at 125k, but most likely it will hit 190k in 2025.
Best regards,
Skyrexio Team
___________________________________________________________
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Last month
BTCUSDT has clearly broken 100k. Most of people think that it's too late now to buy Bitcoin because price is too high, but our analysis tells us that it was only one half of the potential bull run.Let's take a look at the monthly time frame. We can see the new Elliott Wave structure. Earlier we had a chance that this bull run could be the wave 5, but recently the Awesome Oscillator broke the previous high. The potential bearish divergence has been broken as well. Moreover, Fractal Trend Detector [Skyrexio] shows that this bull run is strong and no single sign of weakness now.
This is large wave 3 which has the target at least at 125k, but most likely it will hit 190k in 2025.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Trade smarter with:
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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.