Hello, everyone!
Today I have prapared for you the premium quality content. We will discuss the global Bitcoin analysis. Why I am sure that the most severe bear market phase ahead. We will look at traditional markets and Dollar Currency Index (DXY), which perfectly confirm my idea. Let's go!
BITCOIN GLOBAL ANALYSIS
First of all let's consider the 1W
BTCUSDT
price chart. I have changed my Elliott waves marking a little bit and now I have even more confidence. Using our favorite Awesome Oscillator we can define the wave 3 bottom. Earlier I thought that wave 3 has been ended at $17500 in May 2022, but now I changed this point to the bottom $15600 because consider the subwave 4 was represented as triangle corretion.
The first half of 2023 Bitcoin is in mid-term uptrend. This uptrend is the global wave 4. Awesome Oscillator has crossed the zero line. It means that minimal requirement for the wave 4 finish was completed. Moreover this wave touched the 0.5 Fibonacci area and has not crossed the critical level at $32800. AO is also showing the red bars, it means that bears are gaining power to make the final pull down. Wave 4 looks like the classical zigzag ABC.
S&P500 IS ABOUT TO CRASH
The huge hint that bear market is not over is the traditional markets. In my opinion here we can see the developing of the classical ABC correction, where wave B is about to end. I expect another one local pump to collect the obvious liquidity and then the crash to the $3000. Just imagine what is gonna happen with crypto in this case.
DXY IS GAINING POWER
The last bullet which kills the bullish trend is DXY which has finished the wave 4 after the huge rally in wave 3. I expect the slight higher high in the wave 5. Remember that all trends should be finished with the divergences. I think at the end of this year we will see the bear market bottom. I wish you to have money to buy this bottom and reach financial independence next bull market.
Guys, this analysis is very important, please, I want you know your opinion. Feel free to share it in comments!
Best regards, Ivan
_____________________________________________________________
🔥Please, follow me and smash the rocket🚀 button to support me🔥
Today I have prapared for you the premium quality content. We will discuss the global Bitcoin analysis. Why I am sure that the most severe bear market phase ahead. We will look at traditional markets and Dollar Currency Index (DXY), which perfectly confirm my idea. Let's go!
BITCOIN GLOBAL ANALYSIS
First of all let's consider the 1W
BTCUSDT
price chart. I have changed my Elliott waves marking a little bit and now I have even more confidence. Using our favorite Awesome Oscillator we can define the wave 3 bottom. Earlier I thought that wave 3 has been ended at $17500 in May 2022, but now I changed this point to the bottom $15600 because consider the subwave 4 was represented as triangle corretion. The first half of 2023 Bitcoin is in mid-term uptrend. This uptrend is the global wave 4. Awesome Oscillator has crossed the zero line. It means that minimal requirement for the wave 4 finish was completed. Moreover this wave touched the 0.5 Fibonacci area and has not crossed the critical level at $32800. AO is also showing the red bars, it means that bears are gaining power to make the final pull down. Wave 4 looks like the classical zigzag ABC.
S&P500 IS ABOUT TO CRASH
The huge hint that bear market is not over is the traditional markets. In my opinion here we can see the developing of the classical ABC correction, where wave B is about to end. I expect another one local pump to collect the obvious liquidity and then the crash to the $3000. Just imagine what is gonna happen with crypto in this case.
DXY IS GAINING POWER
The last bullet which kills the bullish trend is DXY which has finished the wave 4 after the huge rally in wave 3. I expect the slight higher high in the wave 5. Remember that all trends should be finished with the divergences. I think at the end of this year we will see the bear market bottom. I wish you to have money to buy this bottom and reach financial independence next bull market.
Guys, this analysis is very important, please, I want you know your opinion. Feel free to share it in comments!
Best regards, Ivan
_____________________________________________________________
🔥Please, follow me and smash the rocket🚀 button to support me🔥
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