BTC – do not panic if you will see the dump

08.11.2021 4:42 pm

Hello, everyone!

Yesterday I posted the Bitcoin price analysis. I told you that the we will probably see the Wave 5 to the $80000, but the Wave 4 (correction) still is not over. The BTC showed the impulsive move to the upside, but this is still can be the part of Wave 4.

I supposed that the Wave 4 is going to be the A-B-C-D-E triangle correction, but today I looked carefully at the subwaves structure, and it looks like the flat or incorrect A-B-C correction. The current impulse can be just the Wave B. In this case I anticipate the Wave C to the $59-60k and the pump after that, but I am not going to close my positions now because I believe in the Wave 5.

Invest in crypto easily and safely with skyrex.io

Dashboard: https://skyrex.io/login
Telegram: https://t.me/skyrexchat  
Website Tradingview