Long

BTC / USD 30k Long term trend

Updated

The chart shows but, let's break it down. We have completed a 1-5 wave which has a completed a bigger cycle 1 and we are entering a ABC pattern to create our 2 cycle

Also before anything, this is not financial advice just my opinion feel free to share yours

Note

to start let's look at our history we have completed a full 5 waves this is completing our larger-scale 1

Note

next we have our ABC / 2 it may be a bit sloppy but, basically, the 0.5 zone which is our 1-5 waves and our 1-1 ext from ab to making c align which often do. to bring us near 8k-8600 range

Note

going into our 3 here are a few alt options as well these are based on if we go past the 1.618 and retrace the normal 0.382

Note

last thing to look at is we could be viewed as a bull flag which would bring us near 21k near our fib line 1.236

Note

our current wave structure tiny to large scale all aligns

Note

Wave C has started

Nothing is 100% if we break 7500-7k our abc is invalid and expect a very deep dive but, for now, this is our the best scenario for it to remain bullish with a normal retracement. Original chart c is not our time frame the II is it was offset originally to prevent visual overlapping

Note

also c II are different prices those are just if we drop that deep where I expect to rebuy if we have support on that II level

Note

in range if it holds great for the bulls if we go deeper than 7.3 -7.1 . 5k seems the bear future zone

Order cancelled

Mr_Dyor

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.