Due to the recent price action i like to give you a quick update from work.
We got a drop as expected but not as deep. BTC turned around and got impulsive with good volume behind the move. We now got new trend lines showing us more clearly what to expect in the near future.
We are now very likely in wave 3 of 5 and after measuring wave 1 i expect wave 5 to end up close to 8,200 USD. Fitting very nicely into the new ascending wedge. The coming correction after 5 waves up is usually not less then 0.5 of the whole move up. Combining with a longer trend line, from where the move of wave 3 of 1 started i pointed out a possible area and date for the correction to end.
I hope you find this information useful in addition to your own research and analysis! And if you like what you get here please give me a vote up! Thank you!
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Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
✅ @gthy, enjoy the vote!
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STOPTo support your work, I also upvoted your post!
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Glad to have you on Marius' team! Blessings!
Great to hear that! Hope it helps you!