It's time for BTCUSDT update. Yesterday we saw local dump. Some altcoins lost -20%, but now market is recovering. This move was to liquidate long trades.
Looking at the Elliott waves cycle we can see that this uptrend is almost over. Wave 3 was finished and now we are in corrective wave 4. It has target approximately 38k. Then we will see final wave 5. During wave 5 altcoins can make 3-4x and then finally market will go down. We have 2-3 months to enjoy the bullish phase before the new winter.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.