BTCUSD bybit
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Hey, everybody. Today I want to share with you a scenario I see.
The first thing I want to draw your attention to is that this situation is very similar to what we saw in February. In both situations there was a rising channel, and in both cases there were Elliott's waves.
All right, back to the current time. On this site I have seen the assumption that a large downward movement can cause a breakthrough in the uptrend line. , there were two of them. Also after breaking the first line the price after some time went up, so I do not think that in this case, this theory is appropriate.
Now I expect it to fall to 6500, and then rise to 8100-9000, and from this level it is quite possible that the global down to 5000.
The first thing I want to draw your attention to is that this situation is very similar to what we saw in February. In both situations there was a rising channel, and in both cases there were Elliott's waves.
All right, back to the current time. On this site I have seen the assumption that a large downward movement can cause a breakthrough in the uptrend line. , there were two of them. Also after breaking the first line the price after some time went up, so I do not think that in this case, this theory is appropriate.
Now I expect it to fall to 6500, and then rise to 8100-9000, and from this level it is quite possible that the global down to 5000.
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