askocaturk

God feeling 2 Scenarios for BTCUSDT

Long
askocaturk Updated   
INDEX:BTCUSD   Bitcoin
Hi all,

BTCUSDT has been doing a really long consolidation almost for a year.
We may be doing a triangle correction and now heading to D at around 52-55K and then go back to 40K region and complete wave E. Then let's start big move.
Or, we may be doing a zigzag staring from 69K and now heading up to B at around 52-55K again and then go back to 26K region and complete the zigzag. Then let's start big move.

In both ways, we are heading to 52-55K and then go back to 40K. There the market will decide where to go.

These are just my opinions and definitely not a financial advise.
Please do your own research!

Cheers!
Comment:
Unfortunately, the first target of 52-55K haven't realized and found the top at 48K. Now, it seems like zig-zag correction is completed or very near to be completed. There is still potential to go down more as the zig-zag wave of C would be an extended one. However, I believe we are in a very tempting point now for long term HODL.
Cheers!

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