Technical analysis by VT-2 about Symbol BTC on 5/4/2024
https://sahmeto.com/message/3317695

VT-2
Rank: 6239
Analytical Power:
1.6

Recent rebound from 57k suggests that BTC now is in a long correction. I think, on the enge of 2024 and 2025 growth cycle will finish. Completely or just for another big correction.ETH also implies that. The whole growth in green wave 5 is not impulse, but combination of threes.BTC is moving towards its long term high and now, according to my analysis, is forming small wave 4 before breaking 100k for not al ong time.Wave 4 can be either flat or a triangleThe whole movement, which started in the end of 2022 is about to finishCurrent expectationsThe correction turned out to be bigger. But it is finished.I've changed the counting.Now I expect the price movement to be like this:
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Signal Type: Neutral
Time Frame:
1 weekPrice at Publish Time:
$64,140.5