I am assuming that in the Bitcoin chart, in the best-case scenario— which would be the most sustainable and long-term favorable outlook—we are currently in a BCWX and Y correction pattern that will bring us back to around $50,000. This scenario is marked on the chart with [A] [B] [C], {W} {X} {Y}, and the intermediate steps are indicated in yellow as i, ii, iii, iv, v (a), (b), (c).
Within this structure, I expect a diagonal triangle labeled as a, b, c, d, e after the completion of (c). Following this, I anticipate a wave (w), which is subordinate to {W} and {X}. After completing wave (w), I expect a corrective move characterized by an ABC pattern leading into WX and Y waves. During this process, I also foresee an expansion of wave Y (x). Once this movement concludes, I will update the chart accordingly and provide a new analysis based on this second scenario.
The second scenario is less optimistic for Bitcoin's long-term prospects but could be more favorable in the short term. In this case, we are currently at [C], which I interpret as an upward impulse marked with (i), (ii), (iii), (iv), (v). After completing wave (v) near $111K, we would then see a correction down to approximately $90K before initiating wave (II).
This correction would be necessary to establish a sustainable bullish trend afterward. Only then could we expect a strong upward movement again.
This is my current chart and analysis. I am sharing it with you all; please note that there are no guarantees when entering such trades—your decision to act on this analysis is entirely your own.
Within this structure, I expect a diagonal triangle labeled as a, b, c, d, e after the completion of (c). Following this, I anticipate a wave (w), which is subordinate to {W} and {X}. After completing wave (w), I expect a corrective move characterized by an ABC pattern leading into WX and Y waves. During this process, I also foresee an expansion of wave Y (x). Once this movement concludes, I will update the chart accordingly and provide a new analysis based on this second scenario.
The second scenario is less optimistic for Bitcoin's long-term prospects but could be more favorable in the short term. In this case, we are currently at [C], which I interpret as an upward impulse marked with (i), (ii), (iii), (iv), (v). After completing wave (v) near $111K, we would then see a correction down to approximately $90K before initiating wave (II).
This correction would be necessary to establish a sustainable bullish trend afterward. Only then could we expect a strong upward movement again.
This is my current chart and analysis. I am sharing it with you all; please note that there are no guarantees when entering such trades—your decision to act on this analysis is entirely your own.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.