Bitcoin Overview
In this wave analysis, I outline my view on what will happen to Bitcoin in the medium and long term, and this analysis is nothing but a personal effort to brainstorm and find a path in Bitcoin, so
The descent from 64 thousand to 28 thousand was five waves and we consider it wave A
We've crossed 28 kilos so far. It's wave B.
Aim for between 38.2% to 61.8% of the length of A.
Ie at 42575-51083
If the wave is of the type (zigzag wave)
note
But if B is of type (a regular flat wave), then here we can arrive at 100% of the length of A
That is to the previous peak 64 thousand
But if it is of type B (an irregular flat wave), then it is possible here to reach 200% of the length of A
The correction is also calculated on the basis of 138.2% and some consider it not to violate the rules of the wave
Irregular apartment, provided that all rules are applied.
In my opinion, the subwaves of wave b
It is a double zigzag line.
Our code is WXY
3-3-3
We find that each wave consists of three ABC waves
We are now in wave C of wave Y of wave B.
That is, we are at the end of the corrective wave if it is of the type (zigzag).
With wave calculations according to
The end of this bullish wave will be in these areas
(50653 - 51083 - not exceeding 52663)
Provided we do not fall below 45564