I believe the major top for Bitcoin was already printed on May 21st, at $111,000.
From here, I expect a three-wave corrective structure to unfold:
• 🔻 First drop to $69,000
• 🔼 Then a relief bounce to $85,000
• 🔻 Followed by a deeper decline to $46,000
If Bitcoin breaks the historical ascending trendline after reaching $46,000, I anticipate a five-wave bearish structure to continue:
• Further drop to $33,000
• Temporary correction up to $45,000
• And finally, a capitulation wave towards $19,000
I know this may sound early or even extreme to some, but if you review my previous Bitcoin outlooks going back to 2014, you’ll notice that many of these scenarios—however bold—have eventually played out with precision.
📌 Invalidation Level:
This scenario would be invalidated if Bitcoin closes a weekly candle above $115,000.
Good luck, fellow traders—stay sharp and prepared. 🧠📉
⸻
From here, I expect a three-wave corrective structure to unfold:
• 🔻 First drop to $69,000
• 🔼 Then a relief bounce to $85,000
• 🔻 Followed by a deeper decline to $46,000
If Bitcoin breaks the historical ascending trendline after reaching $46,000, I anticipate a five-wave bearish structure to continue:
• Further drop to $33,000
• Temporary correction up to $45,000
• And finally, a capitulation wave towards $19,000
I know this may sound early or even extreme to some, but if you review my previous Bitcoin outlooks going back to 2014, you’ll notice that many of these scenarios—however bold—have eventually played out with precision.
📌 Invalidation Level:
This scenario would be invalidated if Bitcoin closes a weekly candle above $115,000.
Good luck, fellow traders—stay sharp and prepared. 🧠📉
⸻
540academy.com
Check out my Twitter account
twitter.com/Gann540
Check out my Twitter account
twitter.com/Gann540
Pubblicazioni correlate
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.
540academy.com
Check out my Twitter account
twitter.com/Gann540
Check out my Twitter account
twitter.com/Gann540
Pubblicazioni correlate
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.