Hello, Community!
Today we have very important topic to discuss: where is the
BTC
bear market bottom gonna be, why we are so bearish?
Let's take a look at the 1W Bitcoin price chart. We can see that this bear market has the pretty clear Elliott waves structure. Waves 1-3 were so obvious and we explained you earlier multiple times why you should trust this marking. Wave 4 in our assumtption is represented as the irregular correction ABC. Waves A and B were ugly while wave C has the clear beautiful 5 Elliott waves impulse.
This waves has been ended exactly inside the Fibonacci 0.38 and 0.5 target which is the normal target for wave 4. Bearish reversal bar at the top is telling is that uptrend is over and the new red period is incoming. Now we expect the fast decline to the green box during the rest of 2023 and then the depression phase inside the $9-14k range where the new massive bull run will be borned.
Best regards, Skyrex team
__________________________________________________________
🔥Please, follow us and smash the rocket🚀 button to support us🔥
Today we have very important topic to discuss: where is the
BTC
bear market bottom gonna be, why we are so bearish? Let's take a look at the 1W Bitcoin price chart. We can see that this bear market has the pretty clear Elliott waves structure. Waves 1-3 were so obvious and we explained you earlier multiple times why you should trust this marking. Wave 4 in our assumtption is represented as the irregular correction ABC. Waves A and B were ugly while wave C has the clear beautiful 5 Elliott waves impulse.
This waves has been ended exactly inside the Fibonacci 0.38 and 0.5 target which is the normal target for wave 4. Bearish reversal bar at the top is telling is that uptrend is over and the new red period is incoming. Now we expect the fast decline to the green box during the rest of 2023 and then the depression phase inside the $9-14k range where the new massive bull run will be borned.
Best regards, Skyrex team
__________________________________________________________
🔥Please, follow us and smash the rocket🚀 button to support us🔥
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Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
