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FieryTrading
Mar 23, 2023 3:05 PM

🔥 Bitcoin On Fire After FOMC: Bottom Is In! Long

Bitcoin / TetherUSBinance

Description

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Recently I've been talking a lot about Bitcoin and my expectation it's following some kind of Elliot Wave pattern since January. In my most recent analysis I said that I expected the 4th wave to bottom between $26,5k - 25k. BTC bottomed around $26,6k, close enough!



In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced.

In the short-term, I'm looking at $28,5k and 29K as my targets. In the longer-term, there's an argument to be made that we can reach well over 35k, as per my Elliot Wave analysis above.

Comment

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✅ Target 1 hit
Comments
bilal786akram
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how to long it will take to go near to 40 K....?
hashimisho_09
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@bilal786akram not today mot tomorrownot this month maybe next year
OG_cRoW
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@hashimisho_09, great, tell us something else
FieryTrading
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@bilal786akram, No one knows. Everyone with an answer is lying.
bilal786akram
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@kellallenemy, What u knows....?
Setupsfx_
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Excellent work
Noxar1988
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Could you do a One/USDT analysis?
JoeChampion
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Good idea mate!
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