We are facing a 5 ascending Elliott waves Wave 4 is coming to an end Support zone should be above wave 1 more than 42000$ Time analysis has also been performed Wave 4 time has not yet arrived We need bullish divergence on wave C or 4 that not be happened.
@Wicktator thank you. I hope that analysis going to target and we see 43k
WicktatorFX
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@a_rudi, that’s similar to what I’m looking at too!
What do you think?
a_rudi
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this is very good setup it is my opinion when we have tall candles in implus, after that correction shall not very deep similar to 62% or 79%. 50% correction is possible to do. in your tred analysis 37k$ is 79% total correction it very deep. on the other hand if the price decreases more than 42k, Elliott wave dont confirme in wave4. you know as well that the bitcoin is like a big bird. big bird need more rest for more and more fly to upset heights