Possible scenario #mid-term;
After completing wave “Y” from “C” triangle and good enough flooring in designated area, can start an uptrend towards “D” lag.
Analysis in lower time-frames will be done shortly.
According to the 4h time frame chart, price is fluctuating in a downtrend channel, and if it breaks the trendline, we have a good situation for growth.
According to the waves, situation for a new rally to the top is about to happen and on the other hand, #ADA is about to complete a reverse head and shoulder pattern as well.
Please have in mind that all...
In case we lose the important (8200-8k) area of support, the above mentioned scenario could happen.
Downtrend until the marked area and a new uptrend from there and rally to the top.
Have this situation in mind as well
I expected #BTC to correct in 3 waves hence we can see the triangle pattern.
In case the triangle pattern completes and #BTC does NOT stabilize under 8200 and stays above it, I expect it to start an uptrend and rally to the top.
This analysis will fail in case we fall under 8K.
* Please manage your stop losses.
We have a scenario here in case we are already started with the rally to the top.
Present price at 8600 is not suitable to enter.
But for people who have not bought their #BTC yet, wave b-2 in the upcoming correction is recommended.
This correction can arrive right at the price or can wait for sometime and then arrive at the area.