MarketAnalytix

After a brief ABC correction to around $2, bullrun targets for WIF could be 5, 8, 12Invalidation $1

We're in wave 4 correction with expected price support around the golden pocket (fib 0.5 - 0 618)

We're in wave 4 correction with expected price support around the golden pocket (fib 0.5 - 0 618)

Well the price has created a perfect "Double-top" formation at the time of writing this post, But if price doesn't dump rapidly in an impulsive fashion, we would likely see another pump to the upside just to shake out the over-leveraged folks out, and possibly check $69,000 price range to finally complete wave X, and start the decline for wave Y to $49,000 hopefully. Lets see. I am being open-minded about it.

As previously mentioned on my BTCUSDT analysis, I believe we're in the latter part of a major complex pattern for wave 4 - and in order to finish this corrective wave, it would be ideal for price to push higher for a higher high, and after we've done that at around 65k - 70k range the price can dump all the way down to $49,000 and below to create a lower low. Now, if it pans out as I just laid it out, we're set for a giga pump for Q4 2024. Lets see. Do drop a like, and follow me to stay updated. Cya

Possible outburst scenario for Babydoge, since it got listed on Binance And we're in a meme driven altseason :smirk:

I assume price will create a higher high to create a lower low later. Lets finish this corrective wave 4 already!

After temporary increase price is expected to dump around 0.5850 region

Either wait for the wedge to breakout or for price to create a lower low before we proceed to fibonacci 0.5 - 0.618 range.

Right now the price needs to either get back inside the wedge it spilled out from, or create a lower low so we can rise to 66,000 to 70,000 range for the first half of September, and from there tumble down to create a lower low from $49,000 which should ideally complete this long, complex corrective pattern W-X-Y-X-Z for wave 4.