After a rise to 54,000 for Bitcoin, a possible return to 48,000 before the big bull-run?
First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We corrected overnight to 48500 to finalize wave C of our 1 hour correction wave. We are therefore entering phase three of our diagonal in gray.
According to this scenario based on Elliott's waves we will look for 54000 to finalize our diagonal before falling towards 48000 to reach the max pain price of the end of the year.
Let's give Bitcoin time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We corrected overnight to 48500 to finalize wave C of our 1 hour correction wave. We are therefore entering phase three of our diagonal in gray.
According to this scenario based on Elliott's waves we will look for 54000 to finalize our diagonal before falling towards 48000 to reach the max pain price of the end of the year.
Let's give Bitcoin time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!