mnmehr
SSV is moving in a bullish wedge, which is a part of the last Elliott wave that started on 06/18/2022, but due to the prediction of the fall of Bitcoin, it probably cannot continue to higher targets in this rally . Therefore, with a correction to the level of 21.6, it can return to its path. This is just a personal opinion and cannot be the basis of transactions.
On its way, Bitcoin hit the resistance area of the dynamic line and could not cross it . Even the Elliott correction wave from A to B can not pass the dynamic resistance line . As you can see, the downward trend line of RSI has not been broken . Overall we are heading towards 33k . BTC may have a minor correction in its path and continue its path after hitting...
Looking back at TIA , we see that there is a recurring cycle . No further explanation is needed .
After months of upward , Bitcoin has now reached a major correction phase . . How long will this price return last ? . In the above chart , two paths are specified , and before that we will see a drop to the level of 33800 . . If buyers support , we will have a green path ahead , and if not , we will take the yellow route . . Good lock & be profitable
It dose not need to be explained , it is quite clear that if Bitcoin does not fall , the upward slope will continue .
As it is known , the PYR fluctuates between two specific areas and is expected to hit the ceiling in two weeks to one month . This is not a trading recommendation and is purely personal opinion.