So ive been working with the sin wave fora few months and ive had a lot of great success with it and being able to judge what the market is going to do. About a week or so ago i predicted 50 k on the next drop and you can see that it just missed my my mark on a time scale. But price is now a an interesting spot. Respectfully, if price wants to adhere to the lower trend line, I see price walking up into a pinch point before it makes its next jump in my projection path. But using the wave to kinda judge price action i can also see that it may want to test the 42k area if it decides to break that trend. So i guess time will tell but im setting myself up for the move either way. please comment below with your take on my analysis or any other thing you may see.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.