Hello friends, as I predicted in my previous idea, Bitcoin has started its retracement wave and I think it will continue to the range of 119-120 thousand. Bitcoin gave its last chance to exit today before starting its extensive correction. Elliott wave analysis shows that Bitcoin has completed its main wave 3 at the price of $ 124,500 and the price drop from this range to $ 111,500 was actually the first wave of the corrective impulse wave series. I expect the price to rise to the range of $ 120,000-119,000 and this will actually be the second wave and after that Bitcoin will have a big drop to the range of $ 100,000. We will not have a new NATH.
Trade active
I will active my position in 120k . I think Btc will attack 118500 soon . Note
I haven't opened my short position yet and my position will be automatically opened at $120,000. Bitcoin can still reach $120,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.