Look at the big pictures. Ready for a big short to USD 34500-2
Part2 : I wanted to explain my first analysis in a little detail. Liquidation again at USD 34,500 before bitcoin's astronomical increase would be a realistic approach. Liquidation of large amounts of long positions is required before this increase. I think this return will occur with a reverse SHS formation. It is necessary to see the big picture.
In the big picture, I predict that the return will occur with a reverse head and shoulders formation. I think that the elite upward wave started in the big picture with Bitcoin's bottom point at 14500 USD. THE FIRST ELIOT RISE WAVE HAPPENED AT THE LEVEL OF 73 THOUSAND DOLLARS AND NOW I EXPECT IT TO RETRACT TO THE LEVEL OF 34500 DOLLARS. AFTERWARDS, I HOPE A WAVE WILL CONTINUE TO GO TO $220,000.
****Please note that there is no significant increase in volume as we move to the 73 thousand dollar level.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
In the big picture, I predict that the return will occur with a reverse head and shoulders formation. I think that the elite upward wave started in the big picture with Bitcoin's bottom point at 14500 USD. THE FIRST ELIOT RISE WAVE HAPPENED AT THE LEVEL OF 73 THOUSAND DOLLARS AND NOW I EXPECT IT TO RETRACT TO THE LEVEL OF 34500 DOLLARS. AFTERWARDS, I HOPE A WAVE WILL CONTINUE TO GO TO $220,000.
****Please note that there is no significant increase in volume as we move to the 73 thousand dollar level.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
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