2024-05-24 BTC market call, waiting for the Final hype phase
- I believe BTC is currently in the fourth corrective wave of the full Elliott Wave cycle (highlighted in light blue).
- After a short-term correction (yellow line), it will enter the final hype phase.
- The buying opportunity is around the 65-66k level.
- Watch the trend line would supports the price, but keep in mind that this process will take time.
- After a short-term correction (yellow line), it will enter the final hype phase.
- The buying opportunity is around the 65-66k level.
- Watch the trend line would supports the price, but keep in mind that this process will take time.
Comment:
It will probably take about a week, and by then, a bullish divergence is likely to appear on the RSI chart.