Hello traders, Bitcoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 3 day timeframe.
According to the count, the main waves 1, 2 and 3 are over and now we are inside wave 4.
In the first step, we will examine wave 4 with wave 2.
Wave 2 is a zigzag wave, a zigzag that is relatively unusual in structure and in terms of time and depth of correction.
Considering Wave 2, Wave 4 has an excellent structure and is somewhat similar to Wave 2 in terms of time, and in terms of correction, it can be deep, and this deep movement can take place in the third stage of this whole wave.
In the second step, we examine the structure of wave 4. Wave 4 completes its first microwave in three waves.
This wave formed in proportion to the original 3 correction wave beyond what we expected, and this is why we do not understand the correction structure of wave 4.
We consider two possibilities:
In the first case, wave 4 is formed in the form of a flat, and this flat completes its wave a, and now it is inside wave b, and wave b is in its initial part, in which it will first descend to the bottom of the purple channel and then break. We will have an increase of 45000-51000 up to the price.
If this range of 51,000 is broken, the probability of moving will be up to 65,000. Otherwise, there is a second probability that we are inside a double zigzag structure.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
According to the count, the main waves 1, 2 and 3 are over and now we are inside wave 4.
In the first step, we will examine wave 4 with wave 2.
Wave 2 is a zigzag wave, a zigzag that is relatively unusual in structure and in terms of time and depth of correction.
Considering Wave 2, Wave 4 has an excellent structure and is somewhat similar to Wave 2 in terms of time, and in terms of correction, it can be deep, and this deep movement can take place in the third stage of this whole wave.
In the second step, we examine the structure of wave 4. Wave 4 completes its first microwave in three waves.
This wave formed in proportion to the original 3 correction wave beyond what we expected, and this is why we do not understand the correction structure of wave 4.
We consider two possibilities:
In the first case, wave 4 is formed in the form of a flat, and this flat completes its wave a, and now it is inside wave b, and wave b is in its initial part, in which it will first descend to the bottom of the purple channel and then break. We will have an increase of 45000-51000 up to the price.
If this range of 51,000 is broken, the probability of moving will be up to 65,000. Otherwise, there is a second probability that we are inside a double zigzag structure.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️