BITCOIN in a WXYXZ....BIG LONG INCOMING

May 3, 2022

Greetings traders!

Today we are analysing the bitcoin, where we can see (contrary to the overall trend) I can feel like we can be BULLISH on the BTC because we are entering the Z Wave of the WXYXZ.


The objectives are correct, and for me, I wouldn't see big crash incoming...YET

As you can tell:

• The first X wave retraced the 85,4% of the W.
  
  
• The Y wave extended to 100% of the W and X.
  
  
• The second X wave retraced the 76,4% of the Y.
  
  
  • We are now in the Z, and therefore, my strongest objectives would be the 100% and 123%. (maybe if really bullish we will go to 161%)
    
    
    Hence:
    
    
    
    • The 100% is at 50300, which is also the 50% of retracement for the downtrend from the end October
      
      
    • The 123% is at 53300, which is also near the 61,8% of retracement for the downtrend from the end October
      

Jun 8, 2022

Note

OOPS