This is the expected scenario for BTCUSDT from 50500

After the recent success in identifying the type of the bullish wave, determining its target, and emphasizing the end of the bullish wave that we talked about in the previous article.
The link is in the description box, you can refer to it.
Now, as we said, we have entered a bearish wave.
It's too early to say exactly what type of wave we have, especially since we only have one wave so far, and it's from the top 50,500 to 49029
It consists of 5 waves, this means that we will rise 3 waves and then descend 5 waves at a minimum
In other words, if we are optimistic, this will rise again after achieving a bearish ABC

But if we assume we are completely done, the waves will be 5
1-2-3-4-5 and return to the previous bottom levels 30-28 thousand

So far, only the first wave ranges from 50,500 to 49029, with a length of 1471.
And therefore
It will be more accurate to determine the type of wave after we see the third wave or wave C.

Since the nature of the third wave is impulsive and strong, but the C wave does not have these properties
Whatever the case.
Analysis
Wave 1 of 5 waves from 50500 to 49029 with a length of 1471 . has been completed
We are now in wave 2, it will be 3 waves ABC
as a minimum of 38.8% of the length of the first, i.e. 49,590, to 61.8% of the length of the first at 49,938, and may reach 76%
In short, we will rise from 49029 to
49590 minimum
49938
Then we go down again in five waves, and when we finish forming the top of the second wave, I will calculate the target of the third wave

Comment:

Advice from my experience in the market
Technical Analysis
It is a study of the movement of traders within the market.
If your analysis is correct, you know how to read the movement of market traders
And if your analysis is wrong, you do not know how to read the movement of traders in the market
Forget the news, whether it is positive or negative
Learn to analyze and know for yourself what is going on around you,
If there is negative news, you will definitely not be the first to know and vice versa
So the only way to know the movement of the big fish in the market is through technical analysis

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Comment:

Update
The first wave was from 50,500 to 48,776
50500 - 48776 = 1724
I misspelled the numbering, but we are still on the same scenario and it has not changed
We have entered the second wave from 48,776 to now
The second wave of the first wave corrects its minimum 38.2% to 61.8% of the length of the first wave and may reach 76%
According to the subwaves of the second wave, its target
49774
49541
Then it falls into the third wave

The minimum reached 49541, and we follow the area you will reach to start calculating the third wave

Comment:

Reaches the 61.8% line at 49841 We are almost at the top of the second wave
Watch what he does now

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We are now about to enter the third wave or wave C.
In view of the price action and its strength, we will determine whether it is the third or C
I will set targets based on the top of the second wave at 49860
The length of the first wave is from 50,500 to 48,776.
where 50500 - 48,776 = 1724
Third wave or C. targeting
1- 48795 which is equivalent to 61.8% of the length of the first and this is the minimum
2- 48136 which is equal to 100% of the length of the first
3- 47070, which is 161.8% of the length of the first
4- 45360 which is equivalent to 261.8% of the length of the first and this is the maximum

Comment:

Important note, we must trade below 49541 to complete the downtrend scenario
And the last point is that we must not go beyond 49860 in any way to complete the bearish hypothetical scenario
In other words, if you are inside the market (sell/short), place a stop loss order around these points

Congratulations on the analysis
Good luck everyone
moneer 618
Good night
I have to go to sleep
ha ha ha ha

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The third wave is about to end

Trade closed: target reached:

So far, the third wave has achieved more than 100% of the length of the first wave
Thus, it is considered that the goal has been achieved
Lowest point so far 47749
48136 which is equal to 100% of the length of the first

Comment:

We are just waiting for the confirmation of the bottom of the third wave
Then we will have the rise of the fourth wave

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The lower limit has been achieved for the fourth wave at 48410.00
And it can reach 38.2 of the length of the third at 48,555
It should not exceed 48786.00
And then it will be a decline for the fifth wave

Comment:

Trade closed: target reached:

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After we have determined the bottom of the fifth wave, we will analyze the next wave, which of course will be
A B C
Thank God for the success
Congratulations on technical analysis and next wave analysis.
your little brother
MONEER 618

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Comment:

After the formation of this first wave only and it was 5 waves
This means that the general trend has undoubtedly become bearish

Comment:

I think we have one last sub-wave, the fifth wave, and that's it
Just wait for the bottom of the wave to be determined, and then we start talking about the expected rise

Comment:

We follow 47350

Comment:

47774 is equivalent to the length of the first wave and the bottom of the third was at 47749
It is a strong area and the sub-wave you are talking about is the fifth wave of the fifth
If the goal is achieved, it is approximately 47350
Or it can be cut off at 47774