BTCUSDT | The best goal for price correction♻️
Hello traders, Bitcoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 3 day timeframe.
In the wave count we did, the main waves 1, 2 and 3 were labeled and now we are inside wave 4.
Wave 4, according to the main wave 2, will be a wave that will have a moderate correction both in terms of price and time.
The structure of the main wave 2 was zigzag , a zigzag that is not normal, so it is far from expected that wave 4 is also zigzag .
In the previous analysis, we thought the first zigzag would end in wave 4 and the x wave would consist of a double zigzag or wave b of a flat.
But this was not the case, and the decline went beyond the previous price floor. And if it moves further, a flat pattern for wave 4 seems more likely.
It should also be said that if the support range of 40 ,000 is broken, the movement up to Fibo 0.50 and the price of 36,500 will continue, and it can be said that the ascent will occur at the bottom of the green channel, and this ascent is definitely for wave b of the flat.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In the wave count we did, the main waves 1, 2 and 3 were labeled and now we are inside wave 4.
Wave 4, according to the main wave 2, will be a wave that will have a moderate correction both in terms of price and time.
The structure of the main wave 2 was zigzag , a zigzag that is not normal, so it is far from expected that wave 4 is also zigzag .
In the previous analysis, we thought the first zigzag would end in wave 4 and the x wave would consist of a double zigzag or wave b of a flat.
But this was not the case, and the decline went beyond the previous price floor. And if it moves further, a flat pattern for wave 4 seems more likely.
It should also be said that if the support range of 40 ,000 is broken, the movement up to Fibo 0.50 and the price of 36,500 will continue, and it can be said that the ascent will occur at the bottom of the green channel, and this ascent is definitely for wave b of the flat.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️