nathsup

Currently, it is on-process to form "Corrective Major Cycle wA" but not yet confirmed in Weekly chart yet.Please see Weekly chart analysis as per link below.At the moment, CDC Action Zone is still red, meaning MACD is below zero line.MACD histogram shuffling right now but no bullish divergence mathematically appeared in MACD indicator yet, although visual cues have now shown in chart.Below is Corrective (5-3-5) Major Cycle wA with 5 Common Motive Wave Count Scenario #1: Rebound and confirmed Major Cycle wA.Potential reversal is near but very likely that it is rally in downtrend.If price pushed back above USD 88,798.66 then we can expected CDC Action Zone to be green signal and rebound back in 61.8% - 78.6% (USD 96,017.31 - USD 101,882.66)(40% likelihood rebound)Scenario #2: Continue to be downtrend and yet to confirmed Major Cycle wA.Although there is potential reversal but it still within downtrend regression line, therefore, it is safe to say that it is still on downtrend. (50% likelihood continuation of downtrend)Scenario #3: V-shape strong bullish uptrend, pushes price above USD 109,354 within this month (10% likelihood)It is still possible to push price back up above USD 109,354 and form Strong B corrective Major Cycle wA but chance is low in my opinion.Short term Action Plan buy BTCUSDOption 1a. Wait for CDC Action Zone to inform Buy Signal and enter Long Position and exit appropriately."No Signal, No Buying Policy"

Currently, it is on-process to form "Grand Cycle w1" but not yet confirmed in Monthly chart yet.Please see Monthly chart analysis as per link below.https://www.tradingview.com/chart/BTCUSD/6WornpRP-BTCUSD-Analysis-dated-16-Apr-2025-Monthly-Chart-Long-Term/As observed, 5 motive major cycle waves has now formed and confirmed by MACD but at the moment waiting for 3 corrective major waves to confirmed in order to complete "Grand Cycle w1"At the moment price has pulled back into CDC Action Zone and went below EMA 26, which already shown in yellowish colour bars for past 8 weeks. This is likely to form corrective major wA, as marked in chart.Notice that i) MACD histogram is losing downward momentum.ii) ADX still above 20 line.iii) Price still in CDC Action Zone (Yellowish colour bars), indicating pullback.In conservative views, ending of corrective wA is near but no confirming that wA is ending at this price level yet. Once MACD line cross back up signal line then it can safely said corrective major wA is confirmed.Anyhow, potential reversal may occur during this time, which possibly be only be rebound but continuation of downward trend may still occur anytime.If price did not pushed back up above the range USD 109,354 then it is still considered just rebound in Medium Term for now.Grand Cycle w2 Action PlanOption 1) Wait for Corrective Major A-B-C to form, wait for CDC Action Zone to inform Buy signal then enter Long Position.Option 2) If price pushed back above USD 109,354 then proceed "Breakout Strategy" by putting buy stop order at USD 109,355 with appropriate stop-loss.For zoom-in analysis, please see BTCUSD Analysis dated 16 Apr 2025 (Daily Chart), see comment below.

Currently, it is on "Motive Super Grand Cycle w3"Based on Fibonacci Level, ending of Motive Super Grand Cycle w3 is long way to go with price target at 261.8% of Fibonacci Projection Motive Super Grand Cycle w1 - w2 of USD 195,310.13Sidenote: Wave 3 can be ended anything between 161.8% - 261.8% at very least.At the moment, it is forming Motive Grand Cycle w1 on Jan 2024 with highest price on USD 109,354 but not yet confirmed, until MACD line cross below Signal Line (See Red Circle Under MACD Indicator)Motive Grand Cycle w2 Action PlanStep 1a) Once Motive Grand Cycle w1 completed (MACD line cross below Signal Line and approaching Zero-Line)Step 1b) Price is entering CDC Action Zone between EMA12 and EMA 26Step 2) Enter Long Position once MACD line cross above Signal LineLikelihood for Running flat/Expanded flat type of Grand Cycle w2 is very high since it is under Motive Super Grand Cycle w3 right now.For zoom-in analysis, please see BTCUSD Analysis dated 16 Apr 2025 (Weekly Chart), see comment below.