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⚡️Bitcoin analysis update
The predicted Bitcoin dump has happened, but has not reached the target zone. Current recovery looks like a huge trap.
We expect $BTC will reach the target at 33K anyway, waiting for the strong support and growth continuation from there.
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⚡️Bitcoin analysis update
Last time we told you about potential dump to $32k before the growth continuation. Bitcoin formed the bearish reversal bar above the alligator. After that the impulse to the downside was formed.
Now price retraced to 0.61 Fibonacci retracement level. Now it's time for the rapid dump to $32k, 1.61 Fibonacci extension.
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Читать полностью…⚡️BTCUSDT analysis update
Hello, community!
It's time for Bitcoin analysis update. We saw the boring sideways after pump and soon in my opinion we will see the great opportunity.
I consider 5 Elliott waves cycle where wave 4 is about to be finished. Expecting rapid local dump to the target area at $32100. Awesome Oscillator shall cross under zero line indicating the correction finish. Wave 5 will set the new high in conjunction with the divergence.
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Optimism looks pesstimistic😔 OPUSDT analysis
While Bitcoin is trying to follow our scenario, it's time to consider altcoins. Optimism looks worse than other altcoins and it can go much lower under the trendline.
Elliott waves analysis shows us that wave 4 could be already finished. Of current candle will be closed as a bearish reversal, it is gonna enhance our bearish outlook.
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⚡️Bitcoin analysis update
Bitcoin is in strong uptrend on higher time frames, but on the 4h we can see the potential sign of weakness. Of course uptrend will continue till $50k, but now we expect the local correction.
We have already seen the bearish reversal bar and momentum change on the Awesome Oscillator. But anyway the uptrend will continue after finding support at $33500. We are not planning to open short against the major trend, the better idea is to wail for the long setup next to support.
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⚡️Bitcoin - plan has changed
Yesterday I considered a little bit different scenario for Bitcoin, but current price action is also good for trading. Wave 5 has been finished earlier and now it's correction time.
BTC has formed bearish reversal bar at the top with the great angulation. Awesome Oscillator is showing us the divergence. I expect the correction to the entire impulse which has target at $32k.
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