This is an update of my previous idea. There is a lot of information in this so take some time to study the lines and channels...
You get a clear picture, when you also check my previouse ideas. As we see, BTC exactly follows the path calculated in my previouse posts. Still important to note, I see a long term bullishness still valid until 21k, the bearish szenario is a correction inside of this which should get the price until 25k minimum, but has room to extend until 21k, which I see very healthy and probable. If it gets more down, I have to see from there, so too early to address.
I see the end of the smaller bearish channel when price reaches the 200 MA, the red line running under the chart which correlates with the cycle channel trough in July and the end of the Elliot wave correction wave 5. From 25k down offers a good zone to accumulate.
If you liked it, feel free to leave a like or follow the channel for more interesting ideas.
You get a clear picture, when you also check my previouse ideas. As we see, BTC exactly follows the path calculated in my previouse posts. Still important to note, I see a long term bullishness still valid until 21k, the bearish szenario is a correction inside of this which should get the price until 25k minimum, but has room to extend until 21k, which I see very healthy and probable. If it gets more down, I have to see from there, so too early to address.
I see the end of the smaller bearish channel when price reaches the 200 MA, the red line running under the chart which correlates with the cycle channel trough in July and the end of the Elliot wave correction wave 5. From 25k down offers a good zone to accumulate.
If you liked it, feel free to leave a like or follow the channel for more interesting ideas.