First, let's analyze the wave structure for BTC. I am considering the entire bullish move from November 2022 to the present as a 5-wave impulsive move, and we are currently in wave (5). More specifically, we are in wave IV of A of (5).
Wave IV could develop as a flat correction, and considering a shallow retracement of wave III, a pullback to around 84,064 is possible.
When we look at the Hurst cycles, the trough from August 2024 marked a significant 80-week (80W) cycle low, which led to a strong bullish push. The first 20-week (20W) cycle trough of the current 80W cycle is expected in the third week of December 2024, which could align with wave IV in our wave analysis. The next major trough is the 40-week (40W) cycle low, expected in May 2025, which is currently labeled as wave B of (5).
Wave IV could develop as a flat correction, and considering a shallow retracement of wave III, a pullback to around 84,064 is possible.
When we look at the Hurst cycles, the trough from August 2024 marked a significant 80-week (80W) cycle low, which led to a strong bullish push. The first 20-week (20W) cycle trough of the current 80W cycle is expected in the third week of December 2024, which could align with wave IV in our wave analysis. The next major trough is the 40-week (40W) cycle low, expected in May 2025, which is currently labeled as wave B of (5).
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.