Skyrex

BEAR market continuation for Bitcoin

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello, Community!

Massive congratulations🎉 the BTC has just finished it's global wave 4 and started the last bearish wave 5. We warned you many times not to be so optimistic becuase Elliott waves are superior tools to predict the future. Despite all these negative news we have the positive one: high volatile period is in and SmartBot will generate the huge income next months.

Now let's go to Bitcoin analysis. We detected the first local bearish subwave, wave 2 was not so deep as supposed, but when price came to $28k it became obvious that wave 3 is in progress. Look how perfectly BTCUSDT touched the 1.61 Fibonacci extension level - the natural target for the wave 3. I think wave 3 is over and now it's time to see the wave 4. Wave 4 has the target at 0.38-0.5 Fibonacci retracement approximately at $27500. Then the wave 5 is about to happen. All these waves is just a wave 1 inside last bearish wave. The most bloody time will be in autumn. Let's see.

Best regards, Skyrex team
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