In our last Bitcoin analysis, we were waiting for the 4th wave to appear which we now have. We are on the final legs of the ABC and we have a solid level to look for price to stay above, which is above 19.5K. The bullish reversal can come in anywhere above that price. It will be more clear once we get the final leg down.
We can see that there's bullish divergence at play at the moment. The last time we saw any kind of divergence, it was in 2021 where we had bearish divergence. Bitcoin went on to crash more than 50%. The bullish divergence is indicating that there's a trend reversal coming soon.. and it's going to be a big one!
Trade Idea: - Watch lower timeframe trendline breaks for the 5th wave lower - Targets: 27k, 24k, 20k
Once we're near the bottom, we can look for any bullish reversal patterns at which time we can load up and ride Bitcoin to 100K! 🚀
I have already set my order, with these analysis am highly good to go, make total of 28k from the dips, lord help me out to make much higher on the coming pump.
thanks
halichearezki19
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Thanks for the analysis, I'll go long when we hit 22k and manage the leverage to have liquidation price at 16,5k
Ifeanyichukwuxx
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Thanks for the analysis
EpicM
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nice EW
EpicM
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i like it
ParabolicP
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Paid
rabinateghi
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amir460
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I agree to the lower range ,Also I realise lower price. The important notice is that we have not the bullish trend till the next Howing 2024, before that we have a range and bearish market. Tx