As you can see, that btc is currently in a period of correction.
In my plan that I made BTC will rebound from the 56,000 $ until 57,000 $ with the worst possible scenario at 54.000$ level
It can be seen that the RSI has also shown oversold,
In the eliiot wave analysis it is also seen that BTC is now in its correction phase of wave 4 and price had respected in fibonacci 0.5
The pitchfork also shows that it is approaching the bottom area of the pitchfork.
I'm sure that under the current conditions everyone is in an unnatural fear that bitcoin will suffer a deep enough decline
For me this is a psychological war with the bookies that they want us on takeprofit and cutloss
And then boom, Whales enter to market and as always like previously, retail always lags
So, Is this a sign that BTC will soon complete its correction?
Share your view with me
#NotFinancial Advice
In my plan that I made BTC will rebound from the 56,000 $ until 57,000 $ with the worst possible scenario at 54.000$ level
It can be seen that the RSI has also shown oversold,
In the eliiot wave analysis it is also seen that BTC is now in its correction phase of wave 4 and price had respected in fibonacci 0.5
The pitchfork also shows that it is approaching the bottom area of the pitchfork.
I'm sure that under the current conditions everyone is in an unnatural fear that bitcoin will suffer a deep enough decline
For me this is a psychological war with the bookies that they want us on takeprofit and cutloss
And then boom, Whales enter to market and as always like previously, retail always lags
So, Is this a sign that BTC will soon complete its correction?
Share your view with me
#NotFinancial Advice