Comment your altcoin, and I will make a
technical analysis for you!
Bitcoin is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what
happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is standard.We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest
the current bullish flag (that you can see
on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures!
Why is 130K important? First we have the 0.618 fibonacci extension measured from wave 1+3 -> wave 4. Also, we have the
long-term trendline of this bullish cycle,
which is even stronger dynamic resistance
level!
From the Elliott Wave perspective, we need
to complete this impulse wave and make
the last wave 5! This wave 5 already started
at 49k in August. On the chart, we can see 2
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