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Technical analysis by HeadsUp2021 about Symbol BTC on 18 hour ago

https://sahmeto.com/message/3891097
HeadsUp2021
HeadsUp2021
Rank: 1547
2.4

تحلیل شوکه کننده بیت کوین: آیا خرس‌ها پیروز شدند و سقوط در راه است؟

:Neutral
Price at Publish Time:
$107,779.18
،Technical،HeadsUp2021

BTCUSD : unfortunately, it looks like there HAVE BEEN 9 waves. Earlier on the weekly chart, I could only see 8 waves and thought we were in the 8th wave and there is another wave up to come. Looking at this daily chart, looks like Wave V completed an ending diagonal. So with Wave I, II, III, IV completed, and then a 5-wave ending diagonal completed, this cycle has had 9 waves. The impulse sequence from 2022 low has completed in 5 large waves, with the 5th wave being a 5-wave ending diagonal. It seems bears are right -- the 4 year cycle is alive and well and BTC is looking to retrace the impulse move from the last cycle low to the high of $126K. This is very disappointing because at $126K, bitcoin didn't even double the last cycle high.

Source Message: TradingView
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