Hello, everyone!
Of cource we caught yesterday's pump, but it was the local tarde. In the mid-term I have some evidences that next 3-4 months will be bearish. We will most likely see the new bottom.
Let's take a look at the
BTCUSDT
chart below. I chose the 4D timeframe. It's not standard, but we need 100-140 bars to count waves according to Trading Chaos by Bill Williams. Therefore 4D is the perfect one.
Awesome Oscillator helps us to define the wave 3. It's minimum was in 2022 June. The most important thing is to distinguish impulsive and corrective waves. Impulsive wave is always outside the Alligator. Therefore, dump from $25k to $15k was not the impulsive wave. This wave was not the wave 5, I consider the wave B inside wave 4. The entire wave in this case is represented as the complex correction. The abolutely untradable one. That's why most trader, including me were shocked by the recent pump from $15k to $24k.
Wave 4 now has the minimal requirement for it's end. I am talking about the AO zero line crossover. Taking all these facts into account, my opinion is the Bitcoin will collect liquidity above $25300 high. The area between $26k-28k is going to be the start on the last bearish wave which will break down $15k.
Best regards, Ivan
Of cource we caught yesterday's pump, but it was the local tarde. In the mid-term I have some evidences that next 3-4 months will be bearish. We will most likely see the new bottom.
Let's take a look at the
BTCUSDT
chart below. I chose the 4D timeframe. It's not standard, but we need 100-140 bars to count waves according to Trading Chaos by Bill Williams. Therefore 4D is the perfect one. Awesome Oscillator helps us to define the wave 3. It's minimum was in 2022 June. The most important thing is to distinguish impulsive and corrective waves. Impulsive wave is always outside the Alligator. Therefore, dump from $25k to $15k was not the impulsive wave. This wave was not the wave 5, I consider the wave B inside wave 4. The entire wave in this case is represented as the complex correction. The abolutely untradable one. That's why most trader, including me were shocked by the recent pump from $15k to $24k.
Wave 4 now has the minimal requirement for it's end. I am talking about the AO zero line crossover. Taking all these facts into account, my opinion is the Bitcoin will collect liquidity above $25300 high. The area between $26k-28k is going to be the start on the last bearish wave which will break down $15k.
Best regards, Ivan
Skyrex.io is an AI-powered platform designed to make professional-level cryptocurrency trading effortless and accessible for everyone
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
