BTCUSDT -- Target 3500$ !? -- Falling Knife soon ?

Here how i built my work :

Chart : BTCUSDTPERP (Binance)
TF : 12H

- Momentum : RSI + Fast Rsi + Divergences + Volume trend
- Localisation : Elliott waves + Fibonacci levels
- Structure : V bottom or M top or W bottom

Mindset :
Short-term thinking : Bearish
Long-term thinking : Bullish

Analyse :

Hi Guys,

We just met perfect target for the "2" top (0.382) and "3" bottom (2.618). As some of you know, when the "2" top is shy, "4" can be a real trashbag. So I expect now 4 to go to the VPVR hole (Magnet) to also meet at this level the 0.618 fibo target. And that would be a perfect short entry position for me. Sounds great.
It is also possible that "4" goes up to 8K before breaking down, so we have to be careful.

As you can see it on my chart, my favourite target is the 1.618 fib level for the "5" bottom. It could be a nice Profit for Short entry at 7k or even greater if 8K.

So why the Hell do I want the BTC going back to that level ? Because I think we need a real double bottom with an huge daily RSI Div to get a momentum reversal, and hopefully start the Halving Bullish.

I hope you guys did enjoy that Analysis, and sorry for my bad english (i'm french)

Invalidation level :

- 8050 + USDT


Cheers,

Hisocrate.