Technical analysis by mahdeeskandarzadh1382 about Symbol BTC: Sell recommendation (2/9/2024)

In my opinion, Bitcoin has completed five waves and is about to correct. If we look at the bull cycles of Bitcoin, we see that in the second bull cycle, it has risen 1/4 of the first cycle, and in the third cycle, it has risen 1/6 of the second cycle, and so on. The ratio remains, in the current cycle it should climb 1/8 of the previous cycle, which is 262%, it should climb, which will be completed around 58,000-56,000, and in terms of Elliott waves, we expect a correction.