USDT Index chart (monthly timeframe). We need to wait until the end of December 2024 to see how the monthly candle closes. Based on Elliott Wave theory, are we at the end of wave 4 and starting a bullish wave 5?"
Due to the decreasing distance between consecutive waves and the narrowing horizontal and general distance between resistance levels, coupled with Bitcoin's current arc-shaped movement, I anticipate a bearish trend for Bitcoin, potentially leading to a price drop to $64,000."
Possible movements of Bitcoin 3 possible scenarios for Bitcoin movement Note : This is just my personal analysis and is not a buy or sell signal.
According to the chart, there are 3 trend patterns for SHIBA in 2022. know that this is not financial advice , just a personal analysis.
Two scenario for BTC First scenario = red color Second scenario = blue color