Hope this won't happen
Our analysis of Bitcoin’s price indicates a potential “Bat” pattern, also known as the Bat harmonic pattern. Additionally, we apply Elliott Wave analysis to understand the current price movement.
In this case, we expect a return to position 4 (support testing) before the price continues in its overall direction.
Recommended buying levels are in the range of $40,000 to $48,000. This estimate is based on technical analysis.
It’s essential to note that the current structure is broken, which raises concerns.
Elliott’s wave theory suggests that prices move in cycles of five waves (impulsive waves) followed by three corrective waves.
The return to position 4 may be part of a corrective wave, with an impulsive wave expected afterward.
Conclusion:
We hope our analysis is incorrect because this scenario would be detrimental to Altcoin investors.
Keep a close eye on price movements and be prepared for opportunities that may arise.
Remember, children believe in fairy tales, and I believe in miracles. Trust your own judgment.
Happy trading!
In this case, we expect a return to position 4 (support testing) before the price continues in its overall direction.
Recommended buying levels are in the range of $40,000 to $48,000. This estimate is based on technical analysis.
It’s essential to note that the current structure is broken, which raises concerns.
Elliott’s wave theory suggests that prices move in cycles of five waves (impulsive waves) followed by three corrective waves.
The return to position 4 may be part of a corrective wave, with an impulsive wave expected afterward.
Conclusion:
We hope our analysis is incorrect because this scenario would be detrimental to Altcoin investors.
Keep a close eye on price movements and be prepared for opportunities that may arise.
Remember, children believe in fairy tales, and I believe in miracles. Trust your own judgment.
Happy trading!
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