Bitcoin can pump next week!
Bitcoin is forming very interesting price pattern. As I told you many times before, it's printing the last bullish wave before the bear market continuation. On the chart 1 you can notice that this wave should consists of five Elliott waves.
Now it looks like #BTC is forming the reactive wave 4. Price reached the zone between Fibonacci 0.5 and 0.618 which could be the strong support. I would want to say that the correction is over and now it's time to pump, but local price action gives me a hint that another one leg down is likely to be seen. I think that $28400 could be the actual bottom and if I am correct we have two targets for the wave 5: $31100 if the wave 5 is gonna be shortened and $32500 if normal.
Best regards, Skyrex team
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Now it looks like #BTC is forming the reactive wave 4. Price reached the zone between Fibonacci 0.5 and 0.618 which could be the strong support. I would want to say that the correction is over and now it's time to pump, but local price action gives me a hint that another one leg down is likely to be seen. I think that $28400 could be the actual bottom and if I am correct we have two targets for the wave 5: $31100 if the wave 5 is gonna be shortened and $32500 if normal.
Best regards, Skyrex team
__________________________________________________________
🔥Please, follow us and smash the rocket🚀 button to support us🔥
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